Market Definition

The market involves the production and use of pipes made from polymer-based materials such as polyethylene (PE), polypropylene (PP), and polyvinylidene fluoride (PVDF). Manufactured through extrusion and molding processes, these pipes offer high flexibility, corrosion resistance, and durability.

They are widely used in oil and gas, chemical processing, mining, and water management. The report provides a comprehensive analysis of key drivers, emerging trends, and the competitive landscape expected to influence the market over the forecast period.

Thermoplastic Pipe Market Overview

The global thermoplastic pipe market size was valued at USD 2826.9 million in 2024 and is projected to grow from USD 2960.8 million in 2025 to USD 4303.9 million by 2032, exhibiting a CAGR of 5.49% during the forecast period.

Market growth is driven by the expansion of chemical processing industries requiring corrosion-resistant and durable piping systems. Additionally, increasing industrial automation and advanced processing systems are boosting demand for flexible, high-performance thermoplastic pipes across manufacturing and utility sectors.

Major companies operating in the thermoplastic pipe industry are Advanced Drainage Systems, NOV, TechnipFMC plc, Georg Fischer Ltd., Baker Hughes Company, Prysmian Group, Chevron Phillips Chemical Company LLC, Shawcor Ltd., IPEX Inc., Amiantit Company, Strohm B.V., Wienerberger AG, Uponor Corporation, PIPELIFE INTERNATIONAL GmbH, and Cosmoplast.

The market is influenced by rising oil and gas exploration projects. Thermoplastic pipes offer corrosion resistance and high durability, which are essential in transporting hydrocarbons across harsh offshore and onshore environments.

Their flexibility simplifies installation in deepwater and complex terrains. These advantages are prompting oil and gas operators to replace traditional piping systems with thermoplastic alternatives, fueling long-term market growth in exploration-intensive regions.

In July 2024, Strohm secured a major contract from TotalEnergies to supply thermoplastic composite pipe flowlines for an offshore project in Brazil's Santos Basin. This project marks Strohm's largest commercial award and its entry into the Brazilian pre-salt market, highlighting the growing adoption of thermoplastic pipes in challenging offshore environments.

Key Highlights

The thermoplastic pipe market size was valued at USD 2826.9 million in 2024.
The market is projected to grow at a CAGR of 5.49% from 2025 to 2032.
Asia Pacific held a share of 30.58% in 2024, valued at USD 864.5 million.
The reinforced thermoplastic pipes (RTP) segment garnered USD 1836.1 million in revenue in 2024.
The polyethylene (PE) segment is expected to reach USD 2031.9 million by 2032.
The oil & gas segment secured the largest revenue share of 35.16% in 2024.
The offshore segment is estimated to grow at a CAGR of 6.11% through the forecast period.
Europe is anticipated to grow at a CAGR of 5.88% over the forecast period.

Market Driver

Expansion of Chemical Processing Industries

The market is expanding with the growth of the global chemical processing industry. These pipes are highly compatible with aggressive chemicals and high-pressure operations.

Their chemical inertness ensures leak-proof transport of acids, solvents, and alkalis, reducing safety risks and system failures. In response, process engineers favor thermoplastic piping systems to maintain operational efficiency and ensure regulatory compliance.

In November 2023, Baker Hughes Company launched the PythonPipe portfolio, a reinforced thermoplastic pipe (RTP) technology. This flexible, non-metallic RTP technology offers faster installation, reduced emissions, and significantly lower costs compared to steel installations. It also minimizes maintenance, crew requirements, and lifecycle carbon emissions, offering a sustainable pipeline option for the energy sector.

Market Challenge

Resistance to High Temperatures and Pressure in Harsh Environments

A key challenge hindering the expansion of the thermoplastic pipe market is ensuring consistent performance under extreme temperatures and pressure, pariticlularly in demanding sectors such as oil & gas and chemical processing. Traditional thermoplastics may weaken or deform when exposed to such harsh conditions over extended periods.

To address this challenge, key players are investing in reinforced thermoplastic composites and developing hybrid materials that combine strength with corrosion resistance. Manufacturers are also increasing R&D spending to test and validate new formulations for better thermal and mechanical performance. These efforts help expand the range of thermoplastic pipe applications in high-stress environments.

Market Trend

Rise in Industrial Automation and Processing Systems

Industries are adopting automated fluid handling systems to optimize processing lines in pharmaceuticals, food, and electronics, propelling the expansion of the market.

Thermoplastic pipes, with their low friction and clean-flow characteristics, meet hygiene and regulatory standards. Their compatibility with automated systems supports precise control in fluid transport, essential for maintaining product quality. This alignment with automation trends is boosting demand for advanced piping solutions, augmenting their demand in high-precision industries.

In January 2025, Germany's SKZ launched the Pipe-safe project, integrating AI-based non-destructive testing to detect welding defects in thermoplastic pipes. This initiative enhances quality assurance in gas and water pipelines, supporting automation in fluid handling systems.

Thermoplastic Pipe Market Report Snapshot

Segmentation	Details
By Product Type	Reinforced Thermoplastic Pipes (RTP), Thermoplastic Composite Pipes (TCP)
By Polymer Type	Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyvinyl Chloride (PVC), Others
By End User Industry	Oil & Gas, Water & Wastewater, Mining & Dredging, Utilities & Renewables
By Application	Onshore, Offshore
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation

By Product Type (Reinforced Thermoplastic Pipes (RTP) and Thermoplastic Composite Pipes (TCP)): The reinforced thermoplastic pipes (RTP) segment earned USD 1836.1 million in 2024 due to its superior strength, flexibility, and corrosion resistance.
By Polymer Type (Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), and Polyvinyl Chloride (PVC)): The polyethylene (PE) segment held a share of 45.53% in 2024, fueled by its excellent flexibility, chemical resistance, and cost-efficiency.
By End User Industry (Oil & Gas, Water & Wastewater, Mining & Dredging, and Utilities & Renewables): The oil & gas segment is projected to reach USD 1521.0 million by 2032, owing to its high demand for corrosion-resistant, lightweight, and flexible piping solutions.
By Application (Onshore and Offshore): The offshore segment is estimated to grow at a CAGR of 6.11% through the forecast period, largely attributed to rising deepwater oil and gas exploration activities that require lightweight, corrosion-resistant piping solutions for efficient and long-term operations.

Thermoplastic Pipe Market Regional Analysis

Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Thermoplastic Pipe Market Size & Share, By Region, 2025-2032

The Asia Pacific thermoplastic pipe market share stood at around 30.58% in 2024, valued at USD 864.5 million. This dominance is reinforced by a dense network of petrochemical plants and oil refineries, particularly in industrial hubs.

These facilities rely heavily on thermoplastic piping systems for transporting aggressive fluids under high pressure. The demand for chemically resistant and maintenance-free piping in such plants accelerates regional market growth.

As reported by the U.S. Energy Information Administration in August 2024, a 300,000 barrels-per-day refining facility under development in Liaoning, China, is scheduled for completion in 2027. The project is a joint venture between Saudi Aramco, NORINCO Group, and Panjin Xincheng Industrial Group. Joint refinery and petrochemical ventures between Chinese and Middle Eastern entities typically include crude supply agreements. Consequently, these partnerships are expected to drive a higher volume of crude oil procurement from Middle Eastern producers.

Moreover, the region hosts a robust base of polymer and composite material manufacturers, enabling a localized supply chain that reduces production time and costs of thermoplastic pipes. Access to extrusion technologies and skilled labor further supports efficient customization and timely delivery to meet project-specific demands efficiently.

The Europe thermoplastic pipe industry is estimated to grow at a CAGR of 5.88% over the forecast period. European utilities and industrial facilities are replacing aging steel and concrete pipelines. Thermoplastic pipes offer a cost-effective and durable alternative. Their lightweight nature allows for faster installation with minimal disruption.

This shift toward pipe replacement is creating steady demand for thermoplastic systems across the region. Furthermore, Europe is investing heavily in clean energy technologies, including hydrogen production and carbon capture. These projects often involve handling corrosive gases and liquids under pressure.

Thermoplastic pipes, particularly reinforced variants, are well-suited for these applications due to their chemical resistance and high-pressure tolerance.

Regulatory Frameworks

The U.S., thermoplastic pipe industry adheres to standards set by ASTM International (American Society for Testing and Materials), API (American Petroleum Institute), and IAPMO (International Association of Plumbing and Mechanical Officials). Key regulations include ASTM plastic pipe standards, API Standard 15S for spoolable reinforced thermoplastic pipes in energy applications, and the Uniform Plumbing Code.
In China, the Standardization Administration of China governs thermoplastic pipe standards, with GB/T 34205-2017 being a key regulation. These standards focus on corrosion resistance, structural performance, and suitability for transporting chemicals and hydrocarbons

Competitive Landscape

Major players in the thermoplastic pipe market are adopting strategies such as product innovation and targeted collaborations to address specific technical challenges in offshore operations.

By focusing on improving pipeline durability in corrosive and high-pressure environments, companies are strengthening their market position and offering more reliable solutions for complex subsea applications. These efforts are supporting safer operations, lowering lifecycle costs, and expanding the use of flexible pipes in deepwater oil and gas projects.

In May 2025, TechnipFMC collaborated with Petrobras to develop and commercialize a Hybrid Flexible Pipe (HFP) designed to resist stress corrosion cracking caused by CO₂ in offshore environments. This innovation aims to enhance the durability and performance of flexible pipelines in ultra-deepwater applications, addressing a critical challenge in subsea oil and gas operations. The HFP represents a significant step toward standardizing flexible pipe solutions for corrosive conditions, potentially improving safety and reducing maintenance costs in offshore projects.

List of Key Companies in Thermoplastic Pipe Market:

Advanced Drainage Systems
NOV
TechnipFMC plc
Georg Fischer Ltd.
Baker Hughes Company
Prysmian Group
Chevron Phillips Chemical Company LLC
Shawcor Ltd.
IPEX Inc.
Amiantit Company
Strohm B.V.
Wienerberger AG
Uponor Corporation
PIPELIFE INTERNATIONAL GmbH
Cosmoplast

Recent Developments (Agreements/Expansion)

In October 2024, Baker Hughes announced an agreement to supply Petrobras with 77 kilometers of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin.These pipes are engineered to handle high CO₂ concentrations, aligning with Petrobras' objectives to reduce carbon emissions.The contract includes the provision of hydrocarbon production equipment, associated gas and water injection systems, and comprehensive support services.
In September 2024, GF Piping Systems presented a comprehensive portfolio of valve technology and thermoplastic piping solutions at the SMM trade fair in Hamburg, Germany.The showcased products, certified by leading marine classification societies, are designed to offer energy-efficient and durable solutions for the maritime industry, emphasizing sustainability and performance.
In June 2024, Strohm received significant funding to expand its production capabilities for Thermoplastic Composite Pipes (TCP).This investment aims to support the development of sustainable pipeline solutions, particularly for hydrogen and CO₂ transport applications.The funding will enable Strohm to scale up manufacturing and meet the growing demand for corrosion-resistant and environmentally friendly piping systems.