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Thermoplastic Pipe Market

Thermoplastic Pipe Market

Thermoplastic Pipe Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Jan - 2022



Report Code:


Segments Covered
  • By Product Type By Product Type TCP, RTP
  • By  Polymer Type By Polymer Type PE, PP, PVDF, PVC, Others
  • By Application By Application Onshore, Offshore
  • By Region By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 2.09 Billion
Revenue 2030Revenue 2030: USD 2.94 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.40%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Thermoplastic Pipe  Market Share

Thermoplastic Pipe Market: By Type, Polymer Type, Application, End-User Industry and Region

Market Synopsis

Global Thermoplastic Pipe market is valued at USD 2.09 Billion in 2022 and is projected to attain a value of USD 2.94 Billion by 2030 at a CAGR of 4.40% during the forecast period, 2022–2028.

Thermoplastic Pipe Market Size, 2022 To 2030 (USD Billion)

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Demand for Thermoplastic Pipe is expected to grow 4.5% during the forecast period. In developed countries such as North America, Europe and Japan, where plastic pipe demand has been growing at an annual average rate of 10-15%, the slowdown in growth rates is due to more cautious economic prospects rather than any change in consumers' preferences. This provides opportunities for suppliers from emerging economies such as China, India, Brazil, Mexico, and South Korea. In addition to market expansion on the part of local manufacturers, international companies are also investing in new production facilities in emerging economies.

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The global Thermoplastic Pipe market is segmented into type, polymer type, application, and region. Based on product type, market is segmented into TCP and RTP. Based on polymer type, market is segmented into PE, PP, PVDF, PVC, and others. Based on application, the report covers onshore and offshore. Regions include North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

PVC to Dominate Thermoplastic Pipe Market

PVC accounts for the largest share in global Thermoplastic Pipe line market. However, due to the stringent environmental regulations and public opposition to using PVC for piping applications, polyethylene is expected to witness above average growth during the forecast period. Polypropylene is also expected to grow at a significant rate as it offers high chemical resistance and is lightweight as compared with other alternatives such as metal pipes. Moreover, its usage is expected to increase in countries such as India and China that have banned the use of PVC for pipe applications.

Growing Applications in Offshore and Onshore Production Activities

Industrial plants, often located far from the coast, are using increasing amounts of oil and gas. The transportation of energy sources is generally carried out via pipelines. For better corrosion protection offshore pipelines are now increasingly being used which consist of thermoplastic composite materials. Due to the low weight compared to steel pipes, they reduce the construction costs per unit length significantly. In addition, this material offers a good attenuation against corrosion in aggressive media due to its organophilic character. Pipeline systems made of polyethylene (PE) or polypropylene (PP) are available on markets with diameters up to DN1600 (40") or DN2000 (50"). These products are heat-resistant up to 120°C/248°F and available in black (PE) or grey (PP).

High Demand for Reinforced Thermoplastic Pipe

The demand for the reinforced Thermoplastic Pipe s (RTP) is growing in both urban and rural areas. The RTP has been used lately to lay new pipelines in different parts of the globe. The main reason for this is that these pipes can be used as alternatives to those made of concrete. The RTP has the following characteristics: resistance to corrosion, a long lifespan, light weight and ease of installation, among others. These water/drainage pipelines are installed in rural or urban areas where there is a high demand for drinking water. Although it is not widely known, this type of pipe was patented by a Mexican company back in 1994. It has since been used in various countries such as Cuba, Guatemala, Germany, Mexico and Malaysia, among others. In most cases there have been savings of between 15% and 20%.

Asia Pacific is the Largest Consumer of Thermoplastic Pipe s

Asia Pacific has been the largest consumer of Thermoplastic Pipe s, accounting for more than half of global consumption due to rapid urbanization and increase in number of housing units. The high growth was driven by China (29%) while other countries like India (21%) also contributed significantly towards the regional growth. India is expected to represent considerable potential in the forecast period because of increasing investment in infrastructural projects under "Make In India" initiative. Government initiatives like 'Housing For All', 'Swachh Bharat Abhiyan' and 'Smart Cities Mission' has led to the development of housing, sanitation & urban infrastructure sectors which is expected to boost TPE production in plastics processing industry.

Indonesia is the largest producer of polyethylene (PE) pipe followed by Vietnam, China, Malaysia and Thailand. Majority of PE pipes are produced by using extrusion technology while some producers use blow molding or injection molding process. Indonesia is expected to be one of the largest consumers of PE pipe on account of growing infrastructure projects like toll roads, water pipelines and ports. Some manufacturers have launched various grades under PE pipe category such as high-density polyethylene (HDPE), ultra-high molecular weight polyethylene (UHMWPE) and linear low-density polyethylene (LLDPE).

Competitive Landscape

Wienerberger (Austria), NOV (US), Georg Fischer (Switzerland), TechnipFMC (UK), Advanced Drainage Systems (US), Prysmian Group (Italy), Chevron Philips Chemical Company (US), Baker Hughes Company (US), and Strohm (Netherlands) are some of the key players in the global Thermoplastic Pipe market.

The Thermoplastic Pipe is Segmented as Follows:

Parameter Details
Segments Covered

By Product Type

  • TCP
  • RTP

By Polymer Type

  • PE
  • PP
  • PVDF
  • PVC
  • Others

By Application

  • Onshore
  • Offshore

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Wienerberger (Austria)
  • NOV (US)
  • Georg Fischer (Switzerland)
  • TechnipFMC (UK)
  • Advanced Drainage Systems (US)
  • Prysmian Group (Italy)
  • Chevron Philips Chemical Company (US)
  • Baker Hughes Company (US)
  • and Strohm (Netherlands)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Vantage Market Research | 16-Jan-2022
Frequently Asked Question
  • The global Thermoplastic Pipe valued at USD 2.09 Billion in 2022 and is expected to reach USD 2.94 Billion in 2030 growing at a CAGR of 4.40%.

  • The prominent players in the market are Wienerberger (Austria), NOV (US), Georg Fischer (Switzerland), TechnipFMC (UK), Advanced Drainage Systems (US), Prysmian Group (Italy), Chevron Philips Chemical Company (US), Baker Hughes Company (US), and Strohm (Netherlands).

  • The market is project to grow at a CAGR of 4.40% between 2023 and 2030.

  • The driving factors of the Thermoplastic Pipe include

    • High Demand for Reinforced Thermoplastic Pipes

  • Asia Pacific was the leading regional segment of the Thermoplastic Pipe in 2022.