Thermoplastic Pipe Market Analysis

The market is segmented by application into oil & gas, municipal, mining, chemical, and others, out of which, the oil & gas segment is anticipated to hold the largest share in the thermoplastic pipe market. The usage of thermoplastic as an alternative to conventional pipes is increasing. In addition, as thermoplastic doesn’t require any kind of maintenance and is highly resistant to varying pressure up to high temperatures, it is widely used during oil & gas drilling procedures, which in turn is evaluated to boost the growth of this market segment in the future. Additionally, on the basis of polymer type, the polyethylene (PE) segment is projected to witness the fastest growth during the forecast period owing to the effectiveness of PE in harsh environments at extremely high and low temperatures. The flexibility and lightweight of these pipes are also assessed to drive growth to this market segment in the coming years.

Our in-depth analysis of the global market includes the following segments