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Thermoplastic Pipe Market Product Type, Application, End-user Industry and Leading Players Simtech, Chevron Philips Chemical Company LP, KWH Pipe, Technip
Thermoplastic Pipe Market
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The prominent players Thermoplastic Pipe Market are:
Simtech
Chevron Philips Chemical Company LP
KWH Pipe
Technip
Prysmian
Advanced Drainage Systems Inc.
Aetna Plastics
National Oilwell Varco
Airborne Oil & Gas B.V.
Georg Fischer Piping Systems Ltd.
IPEX Inc
Recent Developments
In October 2021, TechnipFMC acquired the outstanding shares of Magma Global; the company will use Magma Global's technology to manufacture Thermoplastic Composite Pipes (TCPs) using PEEK polymer. TechnipFMC will combine Magma Global's expertise with its flexible pipe technology to create a Hybrid Flexible Pipe (HFP) that will be deployed in the pre-salt fields of Brazil.
In July 2021, Wienerberger acquired 100% of the shares of FloPlast and Cork Plastics. The product portfolios of both companies are focused on rainwater, roofline, and drainage products. Therefore, the acquisition is expected to help Wienerberger become a complete system provider for managed grey and stormwater solutions in the residential sector.
Regional Analysis
Geographically, the Thermoplastic Pipe Market is classified into four major regions i.e., North-America, Europe, Asia-Pacific and other countries. The largest share of the market will be dominated by the Asia-Pacific region during the forecast period. The high growth of the market is because of rapid urbanization and industrialisation along with increasing mining activities in regions like China, Australia and India. Moreover, the growing oil & gas activities is also helping the market to dominate in the region during the forecast period.
Thermoplastic pipes have unique properties such as flexibility, excellent chemical resistance, low installation cost, high mechanical strength, greater flow and rust resistant features. Owing to above unique properties, these pipes are preferred over metal pipes and considered as the best option for oil and gas offshore drilling practices. Typically, the materials used in the construction of the pipe might be Polyethylene (PE), Polyamide-11 or PVDF and may be reinforced with Aramid or Polyester fibre although other combinations are used. Over the last few years this type of pipe has been acknowledged as a standard alternative solution to steel for oilfield flowline applications by certain oil companies and operators.
More recently the technology of producing such pipe, including the marketing, rests with a few key companies, where it is available in coils up to 400 m (1,312 ft) length. These pipes are available in pressure ratings from 30 to 90 bar (3 to 9 MPa; 435 to 1,305 psi)
The increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and onshore production activities, increasing applications of thermoplastic pipe across sectors such as oil & gas, chemical, mining & dredging and municipal along with application in deep water and ultra-deep-water are the major factors serving in high growth of the market. With this an increase in the number of applications for thermoplastic pipes with enhanced features will also provide lucrative opportunities for the market to grow at a rapid pace. The factor that can hamper the growth of the market is higher production cost with which there are difficulties in large scale manufacturing of thermoplastic composite pipe.
The outbreak of the COVID-19 pandemic has had an adverse impact on the global economy as governments worldwide were forced to implement lockdowns to prevent the spread of the virus. Consequently, the operations of oil & gas transportation were disrupted. The impact of the COVID-19 pandemic was the low demand for crude oil, leading to lower demand for thermoplastic pipes, which used to transport oil & gas to the end user's site.
Thermoplastic Pipe Market Table of Contents:
Thermoplastic Pipe Market is segmented into product type, polymer type, end user industry, application and region.
On the basis of Product Type
Reinforced Thermoplastic Pipes (RTP)
Thermoplastic Composite Pipes (TCP)
On the basis of Polymer Type
Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene Fluoride (PVDF)
Polyvinyl Chloride (PVC)
Others
On the basis of End-User Industry
Oil & Gas
Water & Wastewater
Mining & Dredging
Utilities & Renewables
On the basis of Application
Onshore
Offshore
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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