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Thermoplastic Pipe Market Trends

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Report ID: 3188
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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Thermoplastic Pipe Market Trends

Growth Drivers

Increasing Demand for Corrosion-Resistant Pipelines
Rising Use of Thermoplastics for Water Treatment

Challenges

High Production Cost of the Pipes in Oil & Gas Sector

Thermoplastic Pipe Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	4.4%
Base Year Market Size (2023)	USD 3.63 billion
Forecast Year Market Size (2036)	USD 6.35 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Thermoplastic Pipe Market Size & Share, Growth Forecast 2036

Author Credits: Rajrani Baghel

Report ID: 3188
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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.

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