Thermoplastic Pipe Market Is Projected To Grow In USD 5.45 Billion By 2032

The global thermoplastic pipe market size was USD 3.69 billion in 2023 and is projected to grow from USD 3.89 billion in 2024 to USD 5.45 billion by 2032 at a CAGR of 4.32% over the forecast period (2024-2032). The Asia Pacific dominated the thermoplastic pipe market with a share of 32.52% in 2023. The Thermoplastic Pipe market in the U.S. is projected to grow significantly, reaching an estimated value of USD 191.96 million by 2032, driven by the growing demand for corrosion-resistant material for pipelines during new installation and replacement.

The latest study, Thermoplastic Pipe Market 2025, published by FBI, offers in-depth insights into both regional and global markets, which are projected to grow significantly from 2025 to 2032. This comprehensive report examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and essential market segments.

Get a Free Sample PDF:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/106497

Key Takeaways
The report analyzes competitive dynamics by assessing company strategies, technological capabilities, geographical presence, revenue performance, and major strategic initiatives by leading players in the Thermoplastic Pipe market.
The global Thermoplastic Pipe market is moderately consolidated, with prominent companies actively engaged in partnerships, innovations, and pilot projects.
The study incorporates qualitative insights such as Thermoplastic Pipe market drivers, restraints, challenges, opportunities, regulatory frameworks, pricing trends, and Porter’s Five Forces analysis across North America, Europe, Asia-Pacific, and LAMEA regions.
Latest developments, including government policy initiatives, R&D breakthroughs, and infrastructure projects related to hydrogen and renewable gas production, are evaluated across 18 countries in 4 regions.
Over 2,500 relevant publications—including technical white papers, project reports, annual filings, and industry journals—have been reviewed to provide high-value intelligence on the Thermoplastic Pipe Market.
Market Segmentation
The Thermoplastic Pipe Market is segmented based on

By Type:

PE (Polyethylene)

PVC (Polyvinyl Chloride)

By Application:

Oil & Gas

Water Supply

By Region:

North America, Europe, Asia-Pacific, etc.

Inquire Before Buying This Research Report: https://www.fortunebusinessinsights.com/enquiry/queries/106497

Regional/Country Market Outlook
Europe dominates the Thermoplastic Pipe market owing to strong political support, mature renewable energy infrastructure, and significant investment in hydrogen technology. Germany, the Netherlands, France, and Denmark are leading with large-scale pilot projects and hydrogen-ready infrastructure.

Asia-Pacific is emerging as a key region due to rising renewable capacity and strategic hydrogen programs in countries like Japan, South Korea, China, and Australia.

Competitive Landscape
Major companies operating in the Thermoplastic Pipe market include:
LIST OF KEY COMPANIES PROFILED:
Wienerberger (Austria)
Advanced Drainage Systems (U.S.)
Baker Hughes (U.S.)
Georg Fischer (Switzerland)
National Oilwell Varco (NOV) (U.S.)
GF Piping Systems (Switzerland)
Magma Global (U.K.)
KWH Group (Finland)
Exxon Mobil  (U.S.)
Sasol (South Africa)
Sibur (Russia)
Uponor Corporation (Finland)
Simtech (U.S.)
Topolo (China)
These players focus on partnerships, demonstration projects, and technological enhancements to gain a competitive edge.

Industry Trends
Companies are investing in advanced technologies to improve efficiency and scalability.
Key Benefits for Stakeholders
Provides quantitative and qualitative insights into the global Thermoplastic Pipe market dynamics and opportunities from 2025–2032
Informs decision-making with Porter's Five Forces analysis and in-depth segmentation by technology, application, and region
Maps major contributing countries by revenue and policy support
Benchmarks leading market players and strategic initiatives
Highlights government regulations and project funding to guide investment and development strategies
Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/106497