LONDON , June 16, 2022 /PRNewswire/ -- Thermoplastic Pipe Market Size, Share, And Trends Analysis Report By Product Type (Reinforced Thermoplastic Pipes , Thermoplastic Composite Pipes) By End-Use Industry (Oil And Gas, Water And Wastewater, Mining And Dredging, Utilities, And Renewable) By Polymer Type (Polyethylene, Polypropylene, Polyvinylidene Fluoride, Polyvinylchloridede) By Application (Onshore, Offshore) Based On Region, And Segment Forecasts, 2022 – 2028 Report Published By Brandessence Market Research.
Thermoplastic Pipe Market is valued at USD 3.04 Billion in 2021.
Thermoplastic Pipe Market Size is expected to reach USD 4.34 Billion by 2028.
Thermoplastic Pipe Market is Growing at CAGR of 5.2% over the forecast period.
Increasing application of thermoplastic composite pipes in offshore and onshore production activities and growing adoption of thermoplastic pipes across the sectors like municipal corporations, mining, and dredging are some of the major factors driving the growth of the Global Thermo Plastic Pipe Market.
Get Sample of Report@ https://brandessenceresearch.com/requestSample/PostId/1971
Thermoplastic pipe market: Competitive Analysis
The major players in the global thermoplastic pipe market are NOV, Wienerberger, TechnipFMC, Georg Fischer , Advanced Drainage Systems, Chevron Philips Chemical Company, Prysmian Group, Strohm, and Baker Hughes Company. These companies are trying to get the contracts in emerging countries in the Asia Pacific area.
Thermoplastic pipe market: Market Scope
The global thermoplastic pipe market all over the world has been growing in the past few years and is going to grow in the coming years too as the applications for this market increase continuously. The increase in the applications of composite pipes as well as the reinforced thermoplastic pipes in the offshore production activities as well as the onshore production activities have grown the global thermoplastic pipe market size.
Thermoplastic pipe market: Key Drivers
The global thermoplastic pipe market forecast shows that the oil and gas industry is one which uses the steel as a major material in the manufacturing of different kinds of pipes and tubes. When it comes to the onshore industries, steel is right now the dominant component where the products are made of coiled tubing as well as flow lines. Though, when it comes to the offshore applications, the thermoplastic composites are mainly used. The properties of the thermoplastic components like the wear resistance and corrosion resistance, strength and bitter stiffness when it comes to the temperature changes and deformation because of stress is something that makes it really effective for the underwater applications.
The offshore drilling as well as the production activities has been touted to increase in the coming few years at a pace which will be greater than the onshore activities when it comes to the increase in importance of the ultra deepwater and deep oil and gas production as well as exploration activities while the demand for the fossil fuels intensifies. Therefore, the application of thermoplastic pipe in the offshore products like the risers and flowlines will be driving this market. In the oil and gas industry, the reinforced thermoplastic pipes or the RTPs are used for the oil and gas industry where they are used for the replacement of the medium-pressure steel pipes. Many significant companies, which have been certified and have been used for the onshore applications. Furthermore, the wholly plastic pipes have been used for the parts which are ideal for the onshore applications.
The thermoplastic pipes which are made from the engineering thermoplastic grades like the Polyethylene and PVC are used extensively because of them being cost-effective and exhibiting great properties of chemical resistance. The higher grades of thermoplastics like PEEK etc have limited applications in seals as well as wire lines because they are expensive. The pipes provide the good abrasion resistance, reduced emission and low flammability, good abrasion resistance, toxic gases but also have a higher fabrication cost and raw material. In comparison with the steel, composite pipes made of the PPS and PEEK because they cost a lot more which make the application impossible for the products like pipes because they are becoming a lot more common for the global thermoplastic pipe market.
Buy This Report: https://brandessenceresearch.com/Checkout?report_id=1971
GF Piping Systems Launched HEAT-FIT at Seatrade Cruise Global in Miami , Debuting a Lightweight, Corrosion-Free, and Efficient Thermoplastic Piping System: On April 27th, 2022 ; GF Piping Systems launched HEAT-FIT at Seatrade Cruise Global in Miami , debuting a lightweight, corrosion-free, and efficient thermoplastic piping system. With the HEAT-FIT Jacket System, GF Piping Systems provides a solution that introduces thermoplastic piping systems into essential applications (L3) onboard cruise ships, offshore platforms and merchant vessels. HEAT-FIT is well-suited with the ecoFIT range of polyethylene pipes & fittings intended for industrial applications and water & wastewater treatment. The new pipe jacket system consists of two layers of thermoplastic polyurethane (TPU) which enclose a high-temperature fibreglass fabric and an intumescing coating.
Strohm to Develop Thermoplastic Composite Pipes for Brazil's Pre-Salt Fields : aOn August 25th, 2021 ; Strohm signed an agreement with Petrobras and Shell to work on a thermoplastic composite pipe (TCP) flowline and riser solution for use in Brazil's offshore pre-salt territory. Strohm, previously known as Airborne Oil and Gas, has won a four-year contract esteemed at between €10 million and €50 million (US$11.7 million and US$58.8 million ) to expand a corrosion-free arrangement with a 30-year design life for profound water fields. Petrobras in the past definitely experienced issues with flexible risers utilized for natural gas injection at a couple of pre-salt fields and has chosen to change to a rigid-riser-based design for its most recent improvements in the region.
Thermoplastic pipe market: Key Trends
The global thermoplastic pipe market analysis shows that the outbreak of the pandemic has caused a negative impact on global economy as the government worldwide had been forced for the implementation of lockdowns for the prevention of the virus spread. Due to this, the operations of the oil and gas transport had been hampered. The impact immediately which was felt was the lower demand for the crude oil, causing lower demands of thermoplastic pipes, which have been used for the transportation of oil and gas to the site of the end user. Furthermore, the coronavirus pandemic has also interrupted the water treatment sector too, of which the thermoplastic pipes are a very integral part.
The implementation of the stringent lockdown measures whether full or partial have caused a halt of the operations in industry. Further, because of the unavailability of the workforce and declining logistical operations, the functioning of thermoplastic piping system has been affected. Furthermore, because of the pandemic, among the ongoing projects of many companies had been suspended in a temporary sense. This has hampered in the growth of the market in the recent past. The thermoplastic pipe market 2022 looks bright though as the markets are back to normal and businesses are about to open up.
Thermoplastic pipe market: Segmentation Analysis
In terms of segmentation, global thermoplastic pipe market has couple of variants HDPE and PEX. The crosslinked structure of the polyethylene enhances the toughness and the resistance temperature of this material. This is going to enable the content to be specified for usage in harsher environments at both the lower and higher temperatures, PEX is supposed to lead the market because of its lightweight. The segment of oil and gas has been using the thermoplastic pipes for different applications like the high-pressure water injection pipelines, distribution and water transport along with the efficient disposal of water, temporary surface lines, seawater intake, discharge lines and well interventions.
The developed countries have started the installation of the TCPs due to their cost, light weight advantages and durability over the steel pipes which in all likelihood be fostering their demand. The segment of asset performance management has been touted to dominate the thermoplastic pipe market because of their use in the onshore industry for different applications including the high-pressure injection pipelines of water and transportation in addition to the others.
Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/1971
Global Thermoplastic Pipe Market Segmentation:
Thermoplastic pipe market: Regional Analysis
Until the thermoplastic pipe market 2028, it is expected that the region of Asia Pacific is going to be the highest growing region in the coming years for the thermoplastic pipe market. The growth of this market is going to take place because of the industrialization and urbanization which is happening rapidly and the mining activities is going to happen in the coming years in Australia , China and also in India . This will drive the global thermoplastic pipe market in the coming years.
On Special Requirement Thermoplastic Pipe Market Report is also available for below region:
Germany , France,U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
Saudi Arabia , UAE, Egypt, South Africa, Rest Of MEA
Get Full Access of all Report: https://brandessenceresearch.com/chemical-and-materials/thermoplastic-pipe-market-size
Orthopaedic Implants Market is expected to reach USD 68.72 Billion by 2028
Medical Polymers Market is expected to reach USD 34.68 Billion by 2028
Surgical Instrument Tracking Systems Market is expected to reach USD 513.1 Million by 2028
Medical Imaging Equipment Market is expected to reach USD 51.18 Billion by 2025
Octabin Market is expected to reach USD 493.0 Million by 2028
Rigid Plastic Packaging Market is expected to reach USD 323.59 Billion by 2025
Optical Coating Market is expected to reach USD 22.53 Billion by 2028
Baby Food Market Size, Share, And Trends Analysis By Distribution Channel (Supermarkets, Hypermarkets, Small Grocery Retailers, Health And Beauty Retailers, Others) By Product Type (Dried Baby Food, Milk Formula, Prepared Baby Food, Other Baby Food) By Category (Organic, Conventional) Based On Region, And Segment Forecasts, 2022 – 2028
Naphthalene Derivatives Market Size, Share, And Trends Analysis Report By Form (Liquid Form, Powder Form), By Derivative (Sulphonated Naphthalene Formaldehyde (SNF), Phthalic Anhydride, Naphthalene Sulphonic Acid, Alkyl Naphthalene Sulphonates Salts (ANS), Naphthols), By End-Use Industry (Construction, Textiles, Agrochemicals, Pharmaceuticals, Oil & Gas, Paints & Coatings, Pulp & Paper), Based On Region, And Segment Forecasts, 2022 – 2028
Phosphate Fertilizers Market Size, Share, Companies & Trends Analysis Report By Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate), By Applications (Grains And Oilseeds, Fruits And Vegetables), Based On Region, And Segment Forecasts, 2022 - 2028
i-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trail here @ https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Blog: Epoxy Adhesives Follow Us: Linkedin Mr. Vishal Sawant Email: vishal@brandessenceresearch.com Email: Sales@brandessenceresearch.com Corporate Sales: +44-2038074155 Asia Office : +917447409162
Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/the-thermoplastic-pipe-market-to-hit-usd-4-34-billion-in-2028--says-brandessence-market-research-301569480.html
SOURCE Brandessence Market Research And Consulting Private Limited
Buffett swapped out Wells Fargo and Goldman Sachs for a beaten-down bank.
Yahoo Finance's Alexis Keenan explains a lawsuit levied against Tesla, SpaceX, and Elon Musk alleging dogecoin scheme.
Data shows new electric vehicle (EV) purchases jumped in Q1, and many industry watchers speculate that high gas prices are driving this behavior. A new study from Autolist, an online car shopping platform, shows that gas prices actually are not driving more EV consumer sentiment.
Maybe skip the fill-up in the Nordic region of the world…
(Bloomberg) -- Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkraineChina Says It May Have Detected Signals From Alien CivilizationsSergey Brin Seeks Divorce, Joining Gates and Bezos in SplitMusk, Tesla, SpaceX Are Sued for Alleged Dogecoin Pyramid SchemeMonkeypox Testing Shows the US Learned Little From the Covid-19 PandemicA shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo, after state m
Whether spring cleaning has gotten the best of you or you've been trying to freshen up your space for the summer, there's a good chance you've found yourself at your local Lowe's recently. As one of the most popular home improvement retailers in the U.S., its stores have a wide selection of products needed for any type of repair or renovation. And even if you don't want to do-it-yourself, Lowe's can send workers directly to your home for help. But as much as it sounds like the retailer has it al
(Reuters) -A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The U.S. State Department sent letters to Eni and Spain's Repsol in May authorizing them to resume taking Venezuelan crude as a way to settle billions of dollars of unpaid debt and dividends owed by the OPEC-member nation. A second tanker chartered by Eni, the very large crude carrier (VLCC) Pantanassa, is currently navigating towards Venezuela and expected to load 2 million barrels of the same grade, diluted crude oil (DCO), and take it to Europe, according to the Eikon data and a shipping document seen by Reuters.
Keith Johnson, a U.S. investor in the Dogecoin cryptocurrency, has filed a US$258 billion class-action lawsuit against Elon Musk and two of the companies he heads, alleging illegal behavior to manipulate the memecoin’s price. See related article: What is the real value of joke coins like Dogecoin and SHIB? Fast facts The lawsuit alleges: “Since […]
When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors wisely pay close attention. While riding Buffett's coattails has been a moneymaking strategy for decades, it's equally important to take note of the stocks that the world's most successful investor and his investing team are selling or avoiding. Thus far in 2022, Warren Buffett has overseen the aggressive selling of the following five stocks.
Warren Buffett is one of the all-time greats when it comes to finding winning investments in challenging markets. Through recessions, periods of high inflation, wars, pandemics, and other tough market conditions, the Oracle of Omaha has guided his conglomerate Berkshire Hathaway -- and its impressive stock portfolio -- to market-crushing performances, and inspired generations of analysts and investors along the way. With a nod to Buffett's incredible track record, three Motley Fool contributors have singled out a few stocks in the Berkshire Hathaway portfolio that they think look like great buys in this wild market.
From Sam Bankman-Fried to Mark Cuban, the biggest names in crypto highlight what’s next for the space. “People are watching and waiting to see if something else will topple,” Dexterity Capital’s Michael Safai says.
Some of the world's biggest data center players are making huge inroads in the growing western Prince William County market, and it's not coming cheap. From Amazon Web Services to Google to Yondr, corporations are buying up land by the bunches of acres in Gainesville, what's becoming a new “data center alley" after the better known, and more expensive, Ashburn. On Tuesday, NTT Ltd., a global information technology infrastructure and services company based in Greenwood Village, Colorado, announced it had acquired 103.3 acres in Gainesville for a new, 2 million-square-foot data center campus with a planned 336 megawatts of capacity.
Being wouldn't say when it expects to certify the 737 Max 10, the largest variant of its bestselling 737 Max jet. The company could face costly delays without help from Congress.
Exxon Mobil has gained as oil prices surged and Russia attacked Ukraine, but is XOM still a buy after Q1 earnings and softening oil prices?
Bitcoin miners are scaling down production as the price of the cryptocurrency just isn't making it worth it anymore.
Yahoo Finance health care correspondent Anjalee Khemlani joins the Live show to discuss Florida being the only state not to order Pfizer and Moderna's FDA approved COVID vaccines for children 5-years old and under.
Many workers are looking to change their 9-5, and the potential to secure a higher-paying job with more flexibility is incentivizing millions to learn new technical skills.
SANTIAGO (Reuters) -Chile's state-owned Codelco, the world's largest copper producer, agreed on Friday to start the process of closing its troubled Ventanas smelter, the company said. The mining company stopped the smelter for maintenance and operational adjustments ordered by the environmental regulator after dozens of people fell ill in its saturated industrial location on the east coast. "Codelco's board of directors approved by majority to advance in the preparation to cease the operation," the company said in a statement, adding that the associated copper refinery would not be affected.
Natural gas markets tried to rally at the open on Friday but gave up the gain as it looks like natural gas is getting ready to roll over again.
'Falling consumer brand value makes us incrementally more cautious about Meta,' says analysts at Needham led by Laura Martin.