Global Thermoplastic Pipe Market to register high demand rate by 2024
Zion Market Research, the market research group announced the analysis report titled ‘Thermoplastic Pipe Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Thermoplastic Pipe Market: Overview
The thermoplastic pipes have properties that are unique such as flexibility, low installation cost, greater flow, excellent chemical resistance, high mechanical strength and rust resistant features. Owing to these beneficial properties provided by the thermoplastic pipes they are preferred over the metal pipes and hence they are used widely in the gas and oil offshore drilling. The other application areas where the thermoplastics are used include chemical sector, municipal and mining & dredging sector.
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Global Thermoplastic Pipe Market: Segmentation
The global market for thermoplastic pipes is segmented into its polymer type, application, and regions. On the basis of the polymer type, the global thermoplastic pipe market is segregated into PVDF, PA, PE, PVC, PP and others. Based on the application, the market is categorized into municipal, chemical, oil & gas and mining & dredging. Region-wise, the global thermoplastic pipe market is diversified into Asia-Pacific, Europe, Latin America, North America and the Middle East and Africa.
Global Thermoplastic Pipe Market: Growth Factors
The rise of the utilization of the thermoplastic pipes across the sectors such as chemical, municipal, oil & gas, mining & dredging along with its applications in ultra-deep water and deep water is the major factor that is driving the growth of the market. The engineering processes and the large diameter pipe applications widely use the thermoplastic pipes hence boosting the market growth. The major opportunity for the market to grow is provided by the oil and gas sector owing to the increasing number of activities and horizontal wells. The application of the thermoplastic pipe in the oil and gas industry will grow significantly in the coming years. The second major application of the thermoplastic pipe is the municipal segment owing to its increasing demand in the Asia-Pacific region. The factors that hamper the market growth include the high cost involved in the production and the safety concerns involved in the oil and gas sector.
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Global Thermoplastic Pipe Market: Regional Analysis
The market for the thermoplastic pipe is dominated by the Asia-Pacific region which is followed by the North American and European regions. The developing countries such as Brazil, China, and India are expected to propel the thermoplastic market in the coming years. The Middle East and Africa and the Central and South American regions are showing a good market growth owing to the rise in the oil and gas activities. The factors that are driving the market in the Asia Pacifican region include the growing number of chemical industries, increasing number of oil and gas activities and the developing economies. The thermoplastic municipal pipes demand in the Asia Pacific region is significantly increasing thus triggering the market growth.
Global Thermoplastic Pipe Market: Competitive Players
The key market players in the thermoplastic pipe market include Simtech, KWH Pipe, Prysmian, Aetna Plastics, Airborne Oil & Gas B.V., IPEX Inc., Chevron Philips Chemical Company LP, Technip, Advanced Drainage Systems Inc., National Oilwell Varco and Georg Fischer Piping Systems Ltd.
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Global Thermoplastic Pipe Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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