Thermoplastic Pipe Market – Trends Forecast Till 2028

The global thermoplastic pipe market size is projected to reach a CAGR of 5.9% from 2022-2028. The market reached 2.9 billion in 2022 and touched 3.8 billion by 2028. The base year taken for the study 2021 and the forecast period is from 2022-2028.

Thermoplastic pipes have unique properties such as flexibility, excellent chemical resistance, low installation cost, high mechanical strength, greater flow and rust resistant features. Owing to above unique properties, these pipes are preferred over metal pipes and considered as the best option for oil and gas offshore drilling practices. Typically, the materials used in the construction of the pipe might be Polyethylene (PE), Polyamide-11 or PVDF and may be reinforced with Aramid or Polyester fibre although other combinations are used. Over the last few years this type of pipe has been acknowledged as a standard alternative solution to steel for oilfield flowline applications by certain oil companies and operators.