Thermoplastic Pipe Market

TechnipFMC (UK) and Airborne Oil & Gas (The Netherlands) are the Major Players in the Thermoplastic Pipe Market

The global thermoplastic pipe market size is projected to grow at a CAGR of 5.2% from 2020 to 2025. The market is estimated to be USD 2.8 billion in 2020 and expected to reach USD 3.6 billion by 2025. Asia Pacific is estimated to be the largest thermoplastic pipe market, followed by North America in 2020. This trend is expected to continue until 2025. Increasing investments in the water & wastewater in North America and the growing urbanization, industrialization, and population in Asia Pacific region is propelling the demand for the thermoplastic pipe market.

The thermoplastic pipe market is dominated by a few major players that have an extensive regional presence. The leading players in the thermoplastic pipe market are Advanced Drainage Systems (US), TechnipFMC (UK), National Oilwell Varco (US), Airborne Oil & Gas (The Netherlands), and Magma Global (UK). The major strategies adopted by the players include contracts & agreements, and partnerships & collaborations. Contracts & agreements were the most commonly utilized strategy from January 2016 to February 2020.

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TechnipFMC is a global energy service company with a portfolio of solutions for the production & transformation of hydrocarbons. The company operates through 3 business segments, namely, onshore/offshore, subsea, and surface technologies. It offers a thermoplastic pipe under its subsea business segment.TechnipFMC’s subsea business segment provides products and services such as subsea production systems, flexible pipe and umbilical supply, vessels, and subsea services. The company provides thermoplastic/ flexible pipes made up of thermoplastic, steel tube, and hybrid (a combination of steel tube, thermoplastic hose, and electrical cables) material. Some of the areas where the company’s thermoplastic pipe used are onshore refinery, gas lift, and subsea applications. The company actively focuses on inorganic strategies to increase its global market share. For instance, in May 2018, TechnipFMC collaborated with Magma Global to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications.  HFP is expected to provide increased strength and fatigue performance, while also achieving weight and cost reductions for subsea fluid transport applications.

Airborne Oil & Gas is one of the leading manufacturers of fully bonded, Thermoplastic Composite Pipe (TCP). The company operates through 5 different product categories, namely, TCP flowlines, TCP jumpers, TCP jumper spools, TCP risers, and TCP downlines. The company offers thermoplastic pipe through its TCP flowlines, TCP risers, and TCP downlines product categories. The company actively focuses on both organic & inorganic strategies to increase its global market share. For instance, in May 2018. For instance, in April 2018, Airborne Oil & Gas launched 15ksi TCP jumper for subsea well intervention. The company is offering TCP jumper with 2 inch inner diameter with a pressure rating of 1035bar and used as a flexible connection between the main conduit and the wellhead, injection skid or well stimulation tool. As a part of the inorganic strategy the company has adopted contract agreements as its key strategy, for instance, in February 2020, the company was awarded a contract by  E&P organization for 10 km TCP flowline in West Africa. TCP  is a non-metallic, composite pipe that delivers high levels of corrosion and fatigue resistance.

Related Reports:

Thermoplastic Pipe Market by Application(Oil & Gas, Water & Wastewater, Mining & Dredging, and Utilities & renewables), Product Type(TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, and Others), Region - Global Forecast to 2025

Mr. Sanjay Gupta
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Report Code
EP 3392
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