Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Thermoplastic Pipe Market size was valued at USD 3.79 billion in 2024 and is likely to cross USD 6.63 billion by 2037, registering more than 4.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of thermoplastic pipe is estimated at USD 3.93 billion.
The growth of the market can be attributed to the rising demand for corrosion-resistant pipelines, increasing usage of thermoplastic pipes in the treatment of wastewater, and growing number of oil & gas drilling activities. For instance, according to the U.S. Energy Information Administration, an average of 1,029 barrels/day of new-well oil was produced per rig, as of June 2021. The quantity amounted to be 1,031 barrels/day for new-well gas. Along with these, excellent properties of thermoplastics, such as high chemical resistance, flexibility and superior strength are also expected to boost the demand for the product in the upcoming years. Furthermore, the installation and service cost of maintaining a pipeline can be reduced significantly by using thermoplastic pipes, which in turn is projected to expand the market in the near future.
