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Buy Thermoplastic Pipe Market Research Report

The global thermoplastic pipe market size is projected to reach a CAGR of 5.9% from 2022-2028. The market reached 2.9 billion in 2022 and touched 3.8 billion by 2028. The base year taken for the study 2021 and the forecast period is from 2022-2028.

Thermoplastic pipes have unique properties such as flexibility, excellent chemical resistance, low installation cost, high mechanical strength, greater flow and rust resistant features. Owing to above unique properties, these pipes are preferred over metal pipes and considered as the best option for oil and gas offshore drilling practices. Typically, the materials used in the construction of the pipe might be Polyethylene (PE), Polyamide-11 or PVDF and may be reinforced with Aramid or Polyester fibre although other combinations are used. Over the last few years this type of pipe has been acknowledged as a standard alternative solution to steel for oilfield flowline applications by certain oil companies and operators.

More recently the technology of producing such pipe, including the marketing, rests with a few key companies, where it is available in coils up to 400 m (1,312 ft) length. These pipes are available in pressure ratings from 30 to 90 bar (3 to 9 MPa; 435 to 1,305 psi)

The increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and onshore production activities, increasing applications of thermoplastic pipe across sectors such as oil & gas, chemical, mining & dredging and municipal along with application in deep water and ultra-deep-water are the major factors serving in high growth of the market. With this an increase in the number of applications for thermoplastic pipes with enhanced features will also provide lucrative opportunities for the market to grow at a rapid pace. The factor that can hamper the growth of the market is higher production cost with which there are difficulties in large scale manufacturing of thermoplastic composite pipe.

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2023-09-26 (0.391 sec)