Pune, 13, Dec, 2022: The report analysed by Maximize Market Research, the global material and chemical market research firm. “Thermoplastic Pipe Market” covers an extensive competitive and pricing analysis in the report. The Asia-Pacific region is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 3.2 billion in 2021 to USD 4.66 billion in 2029, at a CAGR of 4.8 percent for the forecast period from 2022 to 2029.
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Thermoplastic Pipe Market Scope and Research Methodology
The report is an in-depth analysis of all the key players in the Thermoplastic Pipe Market by market share, revenue, market penetration, financial status and region. Current trends prevailing in the Thermoplastic Pipe Market are presented and historical data is used to forecast growth rate fluctuations to equip stakeholders, investors, market key players and followers about future market conditions.
The Thermoplastic Pipe Market is segmented by Product Type, Polymer Type, End-User Industry, Application and Region for a detailed analysis for understanding the market penetration, competitive structure, pricing and demand analysis. The report aids the formulation of strategic decision-making and finding investment pockets for businesses.
For the competitive landscape, major players and new entrants in the Thermoplastic Pipe Market are collated based on the equipment offered, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures and strategic alliances. With each company profile, recommendations are provided on investments and estimations of their market size for the forecast period. New entrants can use the report to understand the future course of the Thermoplastic Pipe Market.
The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected using both primary and secondary data collection methods for the analysis. Methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals, customers and retailers on the demand side and manufacturers, and wholesalers on the supply side were included in the primary methods. Secondary data was methodically collected from a curated selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Thermoplastic Pipe Market while PESTLE was employed to understand the potential impact of the macro-economic, social, political and technological factors affecting the Thermoplastic Pipe Market.
Thermoplastic Pipe Market Overview
Thermoplastic is an umbrella term for different types of polymer resins that become soft when they come in contact with heat to be reshaped again. It is quite pliable when hot and once cooled, the structure becomes hard again. Some commonly used thermoplastic polymers include Polyethylene, Polycarbonate, Polystyrene and Polyvinyl chloride. Pipes made out of these are called Thermoplastic Pipes. They are generally seen as the plastic alternative to expensive metal pipes, are lightweight and are non-corrosive.
Thermoplastic Pipe Market Dynamics
Attempts are being made to reduce the use of fossil fuels and adopt renewable resources. This has resulted in an increased demand for thermoplastic pipes given various properties such as lightness, flexibility and non-corrosive properties. This has drawn a considerable amount of consumer interest towards the product. The cost-effectiveness of the pipes is also making them popular among industries. One among them is the oil and gas industry whose growth is expected to drive the Thermoplastic Pipe Market growth over the forecast period.
While steel plays a pivotal role in industrial operations for its strength and dexterity, it can be expensive. It doesn’t have an alternative in inshore operations, however, thermoplastic pipes are used extensively for offshore operations mainly in the oil and gas industry. Its increased usage in offshore operations is expected to increase demand for the Thermoplastic Pipe Market.
Thermoplastic Pipe Market Regional Insights
The Thermoplastic Pipe Market was dominated by the Asia-Pacific region in 2021 and is expected to grow at a CAGR of 4.6 percent over the forecast period. The growth in the region is driven by rapid urbanisation and rapid infrastructural growth in the region. The cost-effectiveness of the pipes is opening prospects in transportation solutions. Wastewater and sewage construction work in the region are also expected to boost regional demand for the Thermoplastic Pipe Market.
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Thermoplastic Pipe Market Segmentation
By Product Type:
- Reinforced Thermoplastic Pipes (RTP)
- Thermoplastic Composite Pipes (TCP)
By Polymer Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene Fluoride (PVDF)
- Polyvinyl Chloride (PVC)
By End-User Industry:
- Oil & Gas
- Water & Wastewater
- Mining & Dredging
- Utilities & Renewables
Thermoplastic Pipe Market Key Manufacturers include:
- Advanced Drainage Systems Inc. (US)
- Chevron Phillips Chemical (US)
- National Oilwell Varco, L.P. (US)
- Aetna Plastics Corporation. (US)
- Baker Hughes (U.S.)
- Exxon Mobil (U.S.)
- Polyflow, LLC (U.S.)
- Aetna Plastics Corp. (U.S.)
- IPEX Inc. (Canada)
- Shawcor (Canada)
- Magma Global (U.K.)
- Plastichem Limited (U.K.)
- TEC (Germany)
- FRANK GmbH (Germany)
- Prysmian Group (Italy)
- Saudi Arabian Amiantit (Saudi Arabia)
- Georg Fischer Piping Systems Ltd. (Switzerland)
- Uponor Corporation (Finland)
- KWH Group (Finland)
- Cosmoplast (UAE)
- AGRU Kunststofftechnik Gesellschaft M.B.H (Austria)
- Wienerberger (Austria)
- Wienerberger (Austria)
- Finolex Industries Ltd. (India)
- Sasol (South Africa)
- Sibur (Russia)
- Sekisui Industrial Piping Co., Ltd (Taiwan)
Key questions answered in the Thermoplastic Pipe Market are:
- What is Thermoplastic Pipe?
- Which industries drive the Thermoplastic Pipe Market?
- What are the challenges faced by the Thermoplastic Pipe Market?
- What is the current growth rate of the Thermoplastic Pipe Market?
- What is the nature of competition in Thermoplastic Pipe industry in developed and developing economies?
- Who are the key players in the Thermoplastic Pipe Market?
- Who are the market leaders in Thermoplastic Pipe in Europe?
- Who are the market leaders in Thermoplastic Pipe in USA and Canada?
- Who are the market leaders in Thermoplastic Pipe in India, China, Japan and South Korea?
- What are the factors affecting growth in the Thermoplastic Pipe Market?
- Who held the largest market share in Thermoplastic Pipe Market?
- What are the factors for the growth of Asia-Pacific region in Thermoplastic Pipe Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, Polymer Type, End-User Industry, Application and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading material and chemical research firm, has also published the following reports:
Industrial Tubes Market –The Industrial Tubes Market size is expected to reach USD 870.42 billion by 2029 at a CAGR of 5.6 percent during the forecast period. The Industrial Tubes Market is expected to be driven by increased demand for cold-drawn seamless pipes, increasing demand in end-use industries and innovation in industrial tubes.
Welded Pipes Market –The Welded Pipes Market size is expected to reach USD 358 billion by 2029 at a CAGR of 5.8 percent during the forecast period. The Welded Pipes Market is expected to be driven by increased demand from oil and gas and the infrastructure industry.
About Maximize Market Research:
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