A recent report published by Infinium Global Research on thermoplastic pipes market provides an in-depth analysis of segments and sub-segments in the global as well as regional thermoplastic pipes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional thermoplastic pipes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global thermoplastic pipes market. According to the report, the global thermoplastic pipes market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Thermoplastic pipes are widely used in petroleum, chemical engineering, and water supply, etc. Thermoplastic pipes are preferred over metal pipes and considered as the best option for oil and gas offshore drilling practices due to its unique properties such as flexibility, excellent chemical resistance, and low installation cost, high mechanical strength, greater flow, and rust resistant features. The big diameter thermoplastic pipes with high pressure has become the new focus on the field of oil and gas pipeline in the worldwide due to the advantage in corrosion resistance. Monolayer thermoplastics pipes have perhaps reached their potential limit and future development will result in improved jointing productivity, the perfection of low-cost installation techniques, and availability of larger diameter pipes and fittings. This development of multilayer and composite pipe constructions are to satisfy specific application requirements and to increase the pressure rating respectively.
A large number of adoption of thermoplastic materials in engineering procedures and large diameter pipe applications are the major driving factors of the thermoplastic pipes market. The demand for thermoplastic pipes is increasing due to its applications across sectors such as oil & gas, chemical, mining & dredging and municipal. The increasing oil and gas offshore drilling practices are fueling the growth of the thermoplastic pipes market. However, the higher production cost of thermoplastic pipes across the oil and gas sector coupled with increasing safety concerns restraining the growth of the market. Moreover, rising the number of horizontal wells through oil and gas activities are anticipated to provide growth opportunities to the market players.
Geographically, Asia-Pacific is the largest market of the thermoplastic pipes market owing to developing economies, increasing oil and gas activities, and boosting chemical industries. North America is the second largest market for thermoplastic pipes followed by Europe. The demand for thermoplastic pipes is increasing in developing countries such as China, Brazil, and India. The Middle East and the Asia-Pacific regions with upcoming oil and gas projects are expected to boost the demand for thermoplastic pipes in the forecasted period.
The report on global thermoplastic pipes market covers segments such as type and applications. On the basis of type, the sub-markets include polyvinyl chloride (PVC), polyethylene (PE), polyamides (PA), polypropylene (PP), polyvinylidene fluoride (PVDF), and other types. On the basis of applications, the sub-markets include oil & gas, municipal, chemical, and mining & dredging.
The report provides profiles of the companies in the market such as KWH Pipe, Chevron Philips Chemical Company, Technip, Advanced Drainage Systems Inc., IPEX Inc., Prysmian Group, National Oilwell Varco, Georg Fischer Piping Systems Ltd., Aetna Plastics, Airborne Oil & Gas B.V., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thermoplastic pipes market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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