Global Thermoplastic Pipe Market Size Study & Forecast, by Product Type (Reinforced Thermoplastic Pipe (RTP) and Thermoplastic Composite Pipe (TCP)) and Regional Forecasts 2025-2035

The Global Thermoplastic Pipe Market is valued at approximately USD 4.05 billion in 2024 and is anticipated to expand at a steady CAGR of 5.19% throughout the forecast period from 2025 to 2035, with historical data covering 2023 and 2024 and 2024 serving as the base year for estimation. Thermoplastic pipes, engineered using advanced polymer formulations, are increasingly being phased in as durable, corrosion-resistant, and lightweight alternatives to conventional metal piping systems. Their inherent flexibility, chemical resistance, and long service life make them particularly well-suited for demanding environments across oil & gas, water management, and industrial utility networks. As infrastructure operators seek to future-proof assets while lowering lifecycle costs, thermoplastic piping solutions are being leaned on to bridge performance efficiency with sustainability goals.

Market momentum is being carried forward by intensifying investments in energy infrastructure, expanding water and wastewater treatment projects, and the gradual replacement of aging metallic pipelines. As operators scale up production and distribution networks, thermoplastic pipes are increasingly being called upon to withstand aggressive media, high pressures, and fluctuating temperatures without compromising structural integrity. Furthermore, advancements in polymer science and composite reinforcement technologies are pushing performance boundaries, allowing manufacturers to roll out pipes that combine mechanical strength with installation ease. While upfront material costs and technical standardization challenges persist, the long-term operational savings and reduced maintenance requirements continue to tip the balance in favor of thermoplastic systems.

The detailed segments and sub-segments included in the report are:

By Product Type:
• Reinforced Thermoplastic Pipe (RTP)
• Thermoplastic Composite Pipe (TCP)

By Polymer Type:
• Polyethylene (PE) Pipe
• Poly Vinyl Chloride (PVC) Pipe
• Polypropylene Pipe (PP)
• Polyvinylidene Fluoride (PVDF)
• Others

By Application:
• Oil & Gas
• Water & Wastewater
• Mining & Dredging
• Utilities & Renewables

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Reinforced Thermoplastic Pipes (RTP) are expected to dominate the market over the forecast horizon, accounting for the largest share of installations globally. This dominance can be traced back to their superior pressure-handling capability, ease of spooling, and cost-effective deployment in long-distance pipeline applications, particularly within oil & gas fields and water transport systems. As operators continue to push for faster project execution and reduced downtime, RTP solutions are increasingly being scaled up to replace steel pipelines in both onshore and offshore environments.

From a revenue standpoint, polyethylene (PE) pipes currently lead the market, owing to their extensive adoption across water & wastewater and utility applications. PE pipes have carved out a strong position by offering a balanced mix of flexibility, chemical resistance, and affordability, making them the preferred polymer choice for municipal and industrial infrastructure projects. At the same time, PVDF and polypropylene pipes are gradually gaining traction in high-temperature and chemically aggressive environments, signaling a shift toward higher-value polymer segments as application complexity increases.

The key regions considered for the Global Thermoplastic Pipe Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America continues to command a significant share, supported by ongoing shale gas developments, pipeline rehabilitation projects, and strict regulatory emphasis on corrosion-resistant materials. Europe follows closely, driven by sustainability mandates and investments in modern water infrastructure. Asia Pacific is expected to emerge as the fastest-growing region during the forecast period, fueled by rapid urbanization, expanding industrial activity, and large-scale infrastructure development initiatives across China and India.

Major market players included in this report are:
• TechnipFMC plc
• Baker Hughes Company
• NOV Inc.
• Shawcor Ltd.
• Wienerberger AG
• Prysmian Group
• Georg Fischer AG
• Chevron Phillips Chemical Company
• Solvay S.A.
• LyondellBasell Industries Holdings B.V.
• JM Eagle, Inc.
• Pipelife International GmbH
• Sekisui Chemical Co., Ltd.
• Saudi Arabian Amiantit Company
• WL Plastics

Global Thermoplastic Pipe Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their values for the coming years. The report blends qualitative insight with quantitative rigor to unpack key growth drivers, emerging challenges, and evolving opportunities shaping the thermoplastic pipe landscape. It further maps competitive strategies, product innovation trends, and investment priorities, offering stakeholders a structured perspective to navigate decision-making across the forecast period.

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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