Lucintel Forecasts Thermoplastic Composite Pipe Market to Grow at a CAGR of 4%-6%

According to the recent study the thermoplastic composite pipe market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by growing ultra-deepwater oil & gas production, rising exploration activities in the countries such as US & Canada, increasing mining activities in China, Australia, and India, and stringent water & wastewater treatment regulation globally.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in thermoplastic composite pipe market by polymer type (PE (polyethylene), PP (polypropylene), PVDF (polyvinylidene fluoride), PVC (polyvinyl chloride), and others), resin type (PA (polyamide), PEEK (polyether ether ketone), hybrid, and others), diameter (small diameter pipe and large diameter pipe), pressure rating (low pressure pipe and high pressure pipe), application (oil & gas, water & wastewater, mining & dredging, and utilities & renewables), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“PE (polyethylene) market is expected to remain the largest segment during the forecast period.”          

Based on polymer type, the thermoplastic composite pipe market is segmented into PE (polyethylene), PP (polypropylene), PVDF (polyvinylidene fluoride), PVC (polyvinyl chloride), and others. Lucintel forecasts that the PE (polyethylene) market is expected to remain the largest segment during the forecast period as it enhances the toughness & temperature resistance of the material and exhibits lightweight, flexible, and easy to weld properties.

“Within the thermoplastic composite pipe market, the oil & gas segment is expected to remain the largest application.”     

Based on application, the oil & gas segment is expected to witness the largest segment over the forecast period due to its cost, durability, and light weight advantages over steel pipes which is more suitable in oil & gas application.

“Asia-Pacific will dominate the thermoplastic composite pipe market in near future.”

Asia-Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to growing health awareness among consumers in Asia Pacific region especially in developing countries including China & India coupled and growing disposable income of consumers.

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Major players of thermoplastic composite pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Advanced Drainage Systems, TechnipFMC, National Oilwell Varco, Airborne Oil & Gas,  Magma Global, Baker Hughes, Chevron Philips Chemical, Prysmian, Georg Fischer, and Shawcor are among the major thermoplastic composite pipe providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/thermoplastic-composite-pipe-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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