The thermoplastic pipe market is expected to grow from an estimated USD 2.7 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 4.5% during the forecast period. The increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and onshore production activities is the main driver for the thermoplastic pipe market. The growing deep and ultra-deepwater oil & gas exploration and production activities are expected to provide lucrative opportunities for the thermoplastic pipe market during the forecast period
A few major players that have a wide regional presence dominate the thermoplastic pipe market. The leading players in the thermoplastic pipe market include NOV (US), Wienerberger (Austria), TechnipFMC (UK), Georg Fischer (Switzerland), and Advanced Drainage Systems (US). The major strategies adopted by these players include new product launches, sales contracts, agreements, expansions, acquisitions, joint ventures, collaborations and investments. Expansions and sales contracts were the two most commonly adopted strategy from January 2016 to November 2021.
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Advanced Drainage Systems is one of the leading manufacturers of water management and drainage solutions for the stormwater, agriculture, construction, and on-site septic wastewater applications. The company offers high-performance thermoplastic corrugated pipes, single, double, and triple wall corrugated polypropylene (PP) and polyethylene (PE) pipes, plastic leach field chambers and systems, septic tanks and accessories, and a variety of additional water management products. The water management products include storm retention/detention and septic chambers; polyvinyl chloride (PVC) drainage structures; fittings; and water quality filters and separators. The company operates through four business segments, namely, Pipe, Infiltrator, International, and Allied Products & Other. It offers thermoplastic pipes under its Pipe business segment, which accounted for 53.1% share of the total revenue in 2020. Advanced Drainage Systems offers dual-wall corrugated pipes, HP storm pipes and SaniTite HP pipes, single wall corrugated pipes, triple wall corrugated pipes, and smooth wall High-density Polyethylene (HDPE) pipes through its Pipe segment. Its thermoplastic pipes are manufactured using PP and PE polymers and are used in a wide range of applications, including gravity flow storm drainage, gravity flow sanitary sewer, potable and non-potable water service, and water distribution applications. The company operates through a network of 65 manufacturing plants and 38 distribution centers spread across the US, Canada, Mexico, South America, and the Netherlands. It has a larger footprint in the US, with 23 distribution centers and 53 manufacturing plants in the country. For instance, in January 2020, Advanced Drainage Systems acquired the assets of Plastic Tubing Industries (PTI), a manufacturer of HDPE pipes and related accessories. The acquisition increased the company’s customer base and capacity in Southeast US. With this step, it is expected to increase its manufacturing footprint in Georgia and Texas and add production capacity to the existing manufacturing facilities in Florida.
Georg Fischer is a leading global provider of solutions for the transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies. The company serves various applications in building technology, chemical processes, data centers, energy, food & beverage, marine, microelectronics, water & gas distribution, and water treatment. Georg Fischer manufactures and markets piping systems under its wholly-owned subsidiary Georg Fischer (GF) Piping Systems. The company operates through three business segments, namely, GF Piping Systems, GF Casting Solutions, and GF Machining Solutions. The company offers thermoplastic pipes under its GF Piping Systems business segment, which accounted for 53.6% share in 2020. Georg Fischer’s Piping Systems business segment focuses on system solutions and high-quality plastic and metal components for the safe transportation of water, chemicals, and gases, as well as related services. It also provides fittings, valves, pipes, automation, and jointing technologies for all water cycle applications. The company also offers specialized solutions, including engineering, customizing, and prefabrication, and consulting for projects. The major end users of the company’s thermoplastic pipes are utility, industries, and building technology. The company has its presence in 34 countries, with a total of 59 production facilities. Its Piping Systems business segment operates several R&D centers, as well as more than 30 production sites in Europe, Asia, North America, and South America. For instance, in December 2020, GF Piping Systems, a division of Georg Fischer, acquired FGS Brasil Indústria e Comércio (FGS), Cajamar (Brazil), a manufacturer of polyethylene piping systems. The acquisition enabled GF Piping Systems to expand its presence in Brazil and South America.
Thermoplastic Pipe Market by Product Type (TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, Others), Application (Onshore & Offshore), End-user Industry (Oil & Gas, Water & Wastewater Treatment, Mining & Dredging) and Region - Global Forecast to 2026
Mr. Aashish Mehra
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