Thermoplastic Pipe Market
Thermoplastic Pipe Market Forecasts to 2032 - Global Analysis By Type (Reinforced Thermoplastic Pipes (RTP) and Unreinforced Thermoplastic Pipes), Polymer Type, Distribution Channel, Application and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $16.9 BN |
|
Projected Year Value (2030) |
US $26.5 BN |
|
CAGR (2025- 2032) |
6.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Thermoplastic Pipe Market is accounted for $16.9 billion in 2025 and is expected to reach $26.5 billion by 2032 growing at a CAGR of 6.6% during the forecast period. A thermoplastic pipe is a type of piping system made from polymer-based materials that become pliable or moldable at a certain elevated temperature and solidify upon cooling. These pipes are widely used in plumbing, industrial, and chemical applications due to their corrosion resistance, flexibility, and lightweight nature. Common thermoplastics used include PVC (polyvinyl chloride), PE (polyethylene), and PP (polypropylene). Thermoplastic pipes are easy to install, cost-effective, and offer excellent chemical and abrasion resistance. Their durability and recyclability make them an eco-friendly choice for fluid and gas transportation in various industries, including water supply, drainage, and gas distribution networks.
According to secondary sources, in 2021, the Asia Pacific region's primary energy consumption was 272.45 exajoules, an increase of more than 6% over the previous year. According to a study conducted by the Federal Highway Administration (FHWA), corrosion accounts for more than $36 billion in the yearly loss in water and sewage systems across the United States.
Market Dynamics:
Driver:
Growing adoption in water and wastewater management
The growing adoption of thermoplastic pipes in water and wastewater management is driven by their superior corrosion resistance, lightweight nature, and ease of installation. Municipalities and industries are increasingly favoring these pipes for their durability and cost-effectiveness, particularly in harsh and corrosive environments. As sustainability becomes a priority, thermoplastic materials like PVC, HDPE, and PPR are being utilized for efficient fluid transport, leak prevention, and reduced maintenance. This trend significantly contributes to the expanding thermoplastic pipe market worldwide.
Restraint:
Material compatibility and chemical resistance limitations
Material compatibility and chemical resistance limitations in thermoplastic pipes can hinder their performance in certain applications. Some thermoplastics may degrade when exposed to specific chemicals, temperatures, or environmental conditions, leading to potential system failures. This limits their use in industries requiring high resistance to aggressive substances, such as chemicals or oil and gas sectors. As a result, businesses may face increased maintenance costs or the need to switch to alternative materials, affecting the overall growth and adoption of thermoplastic pipes.
Opportunity:
Expansion in mining and dredging activities
The expansion of mining and dredging activities is significantly driving growth in the market. These industries demand durable, corrosion-resistant, and lightweight piping systems, which thermoplastics efficiently provide. In mining, these pipes are used for slurry transport and dewatering, while in dredging, they handle abrasive materials and harsh marine conditions. Their flexibility, ease of installation, and low maintenance make them ideal for such demanding environments, fueling increased adoption and market expansion across these sectors.
Threat:
Lack of awareness and established preference for traditional materials
The lack of awareness and established preference for traditional materials, such as metal or concrete pipes, poses a significant challenge to the growth of the market. Many industries are hesitant to adopt thermoplastic pipes due to familiarity with conventional materials and skepticism about their long-term performance. This resistance can slow market penetration and hinder the transition to more cost-effective, lightweight, and durable thermoplastic alternatives. Overcoming this inertia requires greater education and demonstration of the benefits of thermoplastic pipes.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the market, causing disruptions in production, supply chains, and project timelines. With manufacturing facilities temporarily closing and transportation restrictions in place, the availability of raw materials and finished products was affected. Additionally, many infrastructure projects were delayed or put on hold due to labor shortages and reduced demand. However, the market began recovering as demand for durable, low-maintenance piping systems increased post-pandemic, particularly in sectors like water management and construction.
The polyethylene (PE) segment is expected to be the largest during the forecast period
The polyethylene (PE) segment is expected to account for the largest market share during the forecast period. Widely used in water supply, gas distribution, sewage, and agricultural irrigation systems, PE pipes offer long service life and low maintenance costs. Their lightweight nature makes transportation and installation easier compared to traditional materials. As infrastructure development and environmental concerns grow, the demand for PE pipes continues to rise, solidifying their role in modern piping solutions.
The mining & dredging segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the mining & dredging segment is predicted to witness the highest growth rate. These applications require pipes that can withstand abrasive materials, harsh environments, and high pressure. Thermoplastic pipes, particularly those made from HDPE and PVC, are ideal due to their corrosion resistance, flexibility, and durability. In mining, they are used for slurry and tailings transport, while in dredging, they handle sediment and debris. Their lightweight design also simplifies installation and maintenance, making them a cost-effective choice in these demanding industries.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by rapid urbanization, infrastructural development, and significant investments in sectors like oil and gas, water and wastewater management, and mining. Countries such as China, India, and Indonesia are pivotal players, benefiting from cost-effective manufacturing and increasing demand for corrosion-resistant and durable piping solutions. The market is poised for continued growth, supported by both governmental initiatives and private sector investments.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. These pipes offer advantages like corrosion resistance, flexibility, and ease of installation, making them ideal for various applications. Technological advancements and a focus on sustainable infrastructure are further boosting market expansion. The U.S. leads the region due to strong industrial activity and investments in pipeline modernization and environmental compliance.
Key players in the market
Some of the key players profiled in the Thermoplastic Pipe Market include Solvay S.A., Wienerberger AG, Dow Chemical Company, TechnipFMC, Borealis AG, Advanced Drainage Systems, Inc., Prysmian Group, Chevron Phillips Chemical Company, ISCO Industries, Simtech Process Systems, Endot Industries, JM Eagle, Arkema SA, Evonik Industries AG and Röchling Group.
Key Developments:
In October 2024, Braven Environmental, a market leader in advanced recycling, announced the signing of a long-term offtake agreement with Chevron Phillips Chemical, a global player in the chemical industry and leading supplier of polyethylene. This agreement will provide CPChem with a significant annual volume of ISCC PLUS certified pyrolysis oil, known as Braven PyChem™, from the initial phase of Braven’s forthcoming facility.
In January 2024, Dow, announced two new partnerships at Chinaplas 2024 to develop solutions that meet both performance and circular demands. In collaboration with Dow, Sealed Air has commercialized an e-commerce packaging with increased recycled content.
Types Covered:
• Reinforced Thermoplastic Pipes (RTP)
• Unreinforced Thermoplastic Pipes
Polymer Types Covered:
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyvinylidene Fluoride (PVDF)
• Polypropylene (PP)
• Polyamide (PA)
• Other Polymer Types
Distribution Channels Covered:
• Direct Sales
• Distributors and Sales Agents
• Retailers
• Online Marketplaces
Applications Covered:
• Oil & Gas
• Water & Wastewater
• Utilities & Renewables
• Mining & Dredging
• Power & Energy
• Chemical
• Agriculture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Thermoplastic Pipe Market, By Type
5.1 Introduction
5.2 Reinforced Thermoplastic Pipes (RTP)
5.3 Unreinforced Thermoplastic Pipes
6 Global Thermoplastic Pipe Market, By Polymer Type
6.1 Introduction
6.2 Polyethylene (PE)
6.3 Polyvinyl Chloride (PVC)
6.4 Polyvinylidene Fluoride (PVDF)
6.5 Polypropylene (PP)
6.6 Polyamide (PA)
6.7 Other Polymer Types
7 Global Thermoplastic Pipe Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Distributors and Sales Agents
7.4 Retailers
7.5 Online Marketplaces
8 Global Thermoplastic Pipe Market, By Application
8.1 Introduction
8.2 Oil & Gas
8.3 Water & Wastewater
8.4 Utilities & Renewables
8.5 Mining & Dredging
8.6 Power & Energy
8.7 Chemical
8.8 Agriculture
8.9 Other Applications
9 Global Thermoplastic Pipe Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Solvay S.A.
11.2 Wienerberger AG
11.3 Dow Chemical Company
11.4 TechnipFMC
11.5 Borealis AG
11.6 Advanced Drainage Systems, Inc.
11.7 Prysmian Group
11.8 Chevron Phillips Chemical Company
11.9 ISCO Industries
11.10 Simtech Process Systems
11.11 Endot Industries
11.12 JM Eagle
11.13 Arkema SA
11.14 Evonik Industries AG
11.15 Röchling Group
List of Tables
1 Global Thermoplastic Pipe Market Outlook, By Region (2024-2032) ($MN)
2 Global Thermoplastic Pipe Market Outlook, By Type (2024-2032) ($MN)
3 Global Thermoplastic Pipe Market Outlook, By Reinforced Thermoplastic Pipes (RTP) (2024-2032) ($MN)
4 Global Thermoplastic Pipe Market Outlook, By Unreinforced Thermoplastic Pipes (2024-2032) ($MN)
5 Global Thermoplastic Pipe Market Outlook, By Polymer Type (2024-2032) ($MN)
6 Global Thermoplastic Pipe Market Outlook, By Polyethylene (PE) (2024-2032) ($MN)
7 Global Thermoplastic Pipe Market Outlook, By Polyvinyl Chloride (PVC) (2024-2032) ($MN)
8 Global Thermoplastic Pipe Market Outlook, By Polyvinylidene Fluoride (PVDF) (2024-2032) ($MN)
9 Global Thermoplastic Pipe Market Outlook, By Polypropylene (PP) (2024-2032) ($MN)
10 Global Thermoplastic Pipe Market Outlook, By Polyamide (PA) (2024-2032) ($MN)
11 Global Thermoplastic Pipe Market Outlook, By Other Polymer Types (2024-2032) ($MN)
12 Global Thermoplastic Pipe Market Outlook, By Distribution Channel (2024-2032) ($MN)
13 Global Thermoplastic Pipe Market Outlook, By Direct Sales (2024-2032) ($MN)
14 Global Thermoplastic Pipe Market Outlook, By Distributors and Sales Agents (2024-2032) ($MN)
15 Global Thermoplastic Pipe Market Outlook, By Retailers (2024-2032) ($MN)
16 Global Thermoplastic Pipe Market Outlook, By Online Marketplaces (2024-2032) ($MN)
17 Global Thermoplastic Pipe Market Outlook, By Application (2024-2032) ($MN)
18 Global Thermoplastic Pipe Market Outlook, By Oil & Gas (2024-2032) ($MN)
19 Global Thermoplastic Pipe Market Outlook, By Water & Wastewater (2024-2032) ($MN)
20 Global Thermoplastic Pipe Market Outlook, By Utilities & Renewables (2024-2032) ($MN)
21 Global Thermoplastic Pipe Market Outlook, By Mining & Dredging (2024-2032) ($MN)
22 Global Thermoplastic Pipe Market Outlook, By Power & Energy (2024-2032) ($MN)
23 Global Thermoplastic Pipe Market Outlook, By Chemical (2024-2032) ($MN)
24 Global Thermoplastic Pipe Market Outlook, By Agriculture (2024-2032) ($MN)
25 Global Thermoplastic Pipe Market Outlook, By Other Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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