HOME Research Insight The Market is Competitive with Players Offering a Wide Range of Thermoplastic Pipes on the basis of their Applications.

The Market is Competitive with Players Offering a Wide Range of Thermoplastic Pipes on the basis of their Applications.

The market for thermoplastic pipes is estimated to grow with their increasing application in deep and ultra-deepwater, for the oil & gas industry, as well as water and wastewater pipes for municipal application. Thermoplastic pipes are used in several industrial applications including oil & gas, municipal, mining & dredging, and chemical sectors.

The thermoplastic pipe market is highly fragmented with the presence of large manufacturers as well as distributors. The leading players of the thermoplastic pipe market include Technip (U.S.), Advanced Drainage Systems Inc. (U.S.), Airborne Oil & Gas B.V. (The Netherlands), and Georg Fischer Piping Systems Ltd. (Switzerland).

The market is competitive with players offering a wide range of thermoplastic pipes on the basis of their applications. Largely, pipe manufacturing companies have restricted their offering to cater to limited end-use applications. Competition in municipal and chemical markets is quite high owing to the simplicity in manufacturing and specification requirements of pipes in these applications. The oil & gas market has limited players, given the high functional and specific requirements for products used in this sector.

Developments made by the industry players mainly include mergers & acquisitions, and expansions. The companies are continually investing in R&D to introduce high-quality pipes with modified and improved properties. They are also investing in expansion of their production facilities in different countries to strengthen their global reach.

Thermoplastic Pipe manufacturers have been primarily incorporating inorganic growth strategies to increase their market share as well as geographical presence. Agreements, contracts, joint ventures, and partnerships have been the top developments within the thermoplastic pipe market in the past four years. Companies offering customized products for niche markets, such as oil & gas applications, have been aiming to bag supply contracts and agreements to achieve sustainable growth in terms of market share.

Related Reports:

Thermoplastic Pipe Market by Polymer Type (PE, PVDF, PVC, PP & PA), by Application (Oil & Gas, Municipal, Mining & Dredging & Chemicals), by Region (APAC, North America, Latin America, Europe and Middle East & Africa) - Global Trends & Forecast to 2019

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