Global
Thermoplastic Pipe Market is valued approximately at USD 2.7 billion in 2019 and is
anticipated to grow with a healthy growth rate of more than 5.20% over the
forecast period 2020-2026. Thermoplastic pipes are mainly utilized in the
carriage of liquids, solids and gases. These pipes possess the qualities such
as such as low installation cost, withstand high temperature flexibility,
greater flow, high mechanical strength, excellent chemical resistance and rust
resistant features. These beneficial attributes offered by the thermoplastic
pipes makes them highly preferred over the metal pipes and consequently widely
used in the oil and gas offshore drilling. The other application areas of the
thermoplastics are in municipal, chemical and mining & dredging sector. The
growth of the market is accredited to the increasing deep- and ultra-deep water
oil & gas exploration & production activities worldwide such as in the
United States & Canada and growing mining activities in Australia, China
and India coupled with the stringent water & wastewater handling guidelines
in the European countries. According to Ministry of Natural resources, in 2018,
China witnessed a total investment of around USD 9.26 billion considering oil
and gas explorations which saw a rise of about 8.9% as compared to year 2017.
Similarly, the (ONGC) Oil and Natural Gas corporation of India has announced to
invest around USD 2.73 billion on drilling oil and gas wells in the financial
year of 2018-19. Similarly, in 2018, Saudi Aramco and Abu Dhabi National Oil
company (ADNOC) announced development of mega refinery in India. This, growing
oil extraction activities worldwide is increasing the demand for thermoplastic
pipes in drilling practices. Furthermore, rising onshore and offshore drilling
events, and growing shale gas discoveries is expected to create significant growth
opportunity in the market over the forecast period. For instance, in January
2018 Exxon Mobil announced to expand its triple production of the US shale oil
in the Permian basin that includes crude, natural gas and other product output,
by 2025. However, higher production cost of thermoplastic pipes impedes the
growth of the market over the forecast period of 2020-2026.
The regional analysis of global Thermoplastic Pipe market is
considered for the key regions such as Asia Pacific, North America, Europe,
Latin America and Rest of the World. North America is the leading/significant
region across the world in terms of market share owing to the increasing oil
and gas production and exploration activities and the discovery of new oil and
gas reserves. Whereas, Asia-Pacific is also anticipated to exhibit highest
growth rate / CAGR over the forecast period 2020-2026. Factors such as rapid
urbanization and industrialization along with growing mining activities in
Australia, China and India would create lucrative growth prospects for the
Thermoplastic Pipe market across Asia-Pacific region.
Major market player included in this report are:
Advanced Drainage Systems Inc
TechnipFMC Plc
National Oilwell Varco
Airborne Oil & Gas B.V.
Magma Global Ltd.
Baker Hughes Company
Chevron Philips Chemical Company LP
The Prysmian Group
Georg Fischer piping systems Ltd
Shawcor Ltd.
The objective of the study is to define market sizes of
different segments & countries in recent years and to forecast the values
to the coming eight years. The report is designed to incorporate both
qualitative and quantitative aspects of the industry within each of the regions
and countries involved in the study. Furthermore, the report also caters the
detailed information about the crucial aspects such as driving factors &
challenges which will define the future growth of the market. Additionally, the
report shall also incorporate available opportunities in micro markets for
stakeholders to invest along with the detailed analysis of competitive
landscape and product offerings of key players. The detailed segments and
sub-segment of the market are explained below:
By Application:
Oil & gas
Water & wastewater
Utilities & renewables
Mining & dredging
By Polymer type:
Polyvinyl chloride (PVC)
Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene fluoride (PVDF)
Others
By Product type:
Thermoplastic composite pipe (TCP)
Reinforced thermoplastic pipe (RTP)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year-2016, 2017, 2018
Base year-2019
Forecast period-2020 to 2026
Target Audience of the Global Thermoplastic Pipe Market in
Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
For More Information,
Click on the Link Below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment