Global Thermoplastic Pipes Market by Types, Applications, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Thermoplastic Pipe Market is valued to reach USD 3.8 Billion by 2025, growing at CAGR of 5.4% over the forecast period 2020–2026. Increasing oil and gas offshore drilling & exploration practices, high mechanical damage resistance and growing engineering thermoplastic materials acceptance are the factors driving the market.

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Thermoplastic pipes are primarily used in the transportation of solids, liquids, and gases. They can withstand high temperatures, harsh chemicals, and long-term cyclic loading. Industries such as oil & gas, chemical, mining & dredging and others widely use thermoplastic pipes. Based on polymer types, thermoplastic pipes can be categorized into PE, PVDF, PVC, PA, PP, and others. The pipes industry is facing the challenge to meet the increasing demand all over the world while reducing the cost.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing use of thermoplastics pipes in the oil and gas industry, especially in deepwater & ultra-deepwater applications, is one of the key drivers of this market.
Greater acceptance of thermoplastic materials in engineering processes is a major factor that is anticipated to drive the market growth.
Major challenges of the thermoplastic pipes is overcoming sensitivity to moisture and hindering retrogradation of the thermoplastic mold.
High manufacturing costs associated with thermoplastic pipes for the use in the oil and gas sector and increasing safety concerns are key factors hampering the growth of the market.