Thermoplastic Pipe Market Share

On the basis of geographical analysis, the thermoplastic pipe market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is poised to hold largest revenue share by 2036, on the back of rising population, increasing water and energy demand, and the rapid growth of urbanization in the region. According to the International Energy Agency, the overall energy demand in the Southeast Asia has increased by more than 80% since 2000. Every year the electricity demand increases by 6% in the region. Apart from these, robust growth of industrialization in countries, namely China, India and Australia, is also anticipated to expand the region’s market in the near future.

North America Market Analysis

Moreover, the markets in Latin America and the Middle East & Africa are also expected to witness noteworthy growth during the forecast period, which can be credited to the rising investments by major market players in the region.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of thermoplastic pipe is assessed at USD 3.76 billion.

Thermoplastic Pipe Market size was over USD 3.63 billion in 2023 and is projected to exceed USD 6.35 billion by 2036, witnessing over 4.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing demand for corrosion-resistant pipelines and rising use of thermoplastics for water treatment.

Asia Pacific is poised to hold largest revenue share by 2036, on the back of rising population, increasing water and energy demand, and the rapid growth of urbanization in the region.

The major players in the market are Advanced Drainage Systems Inc., Georg Fischer Piping Systems Ltd., Chevron Phillips Chemical Company, IPEX Inc., Airborne Oil & Gas B.V., and others.

Thermoplastic Pipe Market Share