Thermoplastic Pipe Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.4% |
|
Base Year Market Size (2024) |
USD 3.79 billion |
|
Forecast Year Market Size (2037) |
USD 6.63 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of thermoplastic pipe is estimated at USD 3.93 billion.
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.
Asia Pacific industry is predicted to account for largest revenue share by 2037, 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.
