Thermoplastic Pipe Market Expected to Grow CAGR of 6.4% Between 2025 and 2029, Reaching $4.33 Billion in Revenue by 2029
The Business Research Company
The Business Research Company's Thermoplastic Pipe Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, December 16, 2025 /EINPresswire.com/ -- "The thermoplastic pipe industry has witnessed significant growth recently, driven by expanding applications and increasing demand in multiple sectors. As industries seek durable and efficient piping solutions, this market is set for steady advancement in the coming years. Let’s explore the current market size, driving factors, key regional insights, and future prospects shaping this sector.
Forecasted Market Value and Growth Trajectory of the Thermoplastic Pipe Market
The thermoplastic pipe market has shown strong growth and is predicted to increase from $3.21 billion in 2024 to $3.37 billion in 2025, representing a compound annual growth rate (CAGR) of 5.1%. Looking further ahead, the market is expected to reach $4.33 billion by 2029, with an accelerated CAGR of 6.4%. This expansion is largely fueled by developments in the oil and gas sector, rising use of renewable energy, greater adoption of thermoplastic piping solutions, and stringent government regulations ensuring the safe transport of oil and natural gas. Key trends shaping the market during this period include material innovations, hybrid and composite pipe solutions, advanced manufacturing techniques, as well as increased competition and innovation.
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Understanding Thermoplastic Pipes and Their Applications
Thermoplastic pipes are made from polymer resin plastics that become soft when heated and harden upon cooling. Their reliable quality and consistent performance have made them a favored choice for fabricators and custom housing projects. These pipes offer excellent durability and flexibility, making them suitable for various industrial and residential uses.
Primary Factors Fueling Growth in the Thermoplastic Pipe Market
One of the main growth drivers for the thermoplastic pipe market is the rising demand within the oil and gas industry for pipes that resist corrosion. Corrosion, which involves the oxidation and electrochemical breakdown of pipe materials, poses a major challenge in pipeline infrastructure. Thermoplastic pipes provide a practical solution, offering corrosion resistance that helps extend pipeline life and improve safety. Their lighter weight compared to metal pipes also enables oil and gas companies to operate in deeper offshore fields more efficiently.
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Growing Importance of Corrosion Resistance in Oil and Gas
Corrosion remains a costly issue for the oil and gas sector. According to the Association for Materials Protection and Performance (AMPP), a US-based non-profit, corrosion costs the American oil and gas industry approximately $27 billion annually. Globally, estimates put the cost at over $60 billion each year. This economic burden underscores the increasing demand for corrosion-resistant thermoplastic pipes, which in turn fuels the market’s growth prospects.
The Asia-Pacific Region’s Prominence in the Thermoplastic Pipe Market
In 2024, Asia-Pacific accounted for the largest share of the thermoplastic pipe market. The market analysis covers key regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, providing a comprehensive perspective on regional market behavior and growth potential.
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