Thermoplastic Pipe Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Thermoplastic Pipe Market is projected to expand from USD 5.64 Billion in 2025 to USD 8.03 Billion by 2031, registering a CAGR of 6.07%. These pipes are engineered conduits created using high-performance polymers like polyvinyl chloride and polyethylene, known for their capacity to soften upon heating and harden when cooled. The primary force propelling this market is the rising need for corrosion-resistant substitutes to supersede deteriorating metal infrastructure, alongside a demand for lightweight piping solutions that lower installation expenses within the energy and water utility industries.

Conversely, the sector encounters a major hurdle concerning environmental sustainability and the imperative for efficient end-of-life handling to adhere to increasingly strict regulations. This emphasis on circular economy principles is measured through industry efforts; for instance, VinylPlus reported in 2025 that 724,638 tonnes of PVC waste were recycled under its framework in the previous year. If the industry fails to adequately resolve these ecological issues, it risks facing restrictive policies that could hinder wider market growth.

Market Drivers

A key driver of market growth is the escalating investment in municipal water and wastewater management, spurred by the pressing necessity to restore aging sewage systems and extend drinking water networks. Utility companies and governments are increasingly favoring thermoplastic materials such as HDPE and PVC over traditional iron or concrete pipes because of their durability and leak-free capabilities. This wave of infrastructure modernization is demonstrated by significant national funding aimed at minimizing sewage spills and leakage. Notably, Water UK reported in December 2024 that the regulator Ofwat authorized a £104 billion investment plan for upgrading water and sewage infrastructure throughout England and Wales from 2025 to 2030, a massive capital commitment that directly boosts the procurement of thermoplastic pipes for drainage and mains replacement initiatives.

Concurrently, the market is growing due to the increasing utilization of Reinforced Thermoplastic Pipes (RTP) for high-pressure energy applications, especially in the oil and gas industry. Operators are frequently replacing carbon steel pipelines with thermoplastic composite alternatives to reduce total installation costs and alleviate corrosion problems in offshore and onshore settings. This shift in technology is underscored by significant contracts for non-metallic flowlines in key energy regions; for example, Strohm announced in January 2025 that it won a commercial contract to provide 33 kilometers of thermoplastic composite flowlines for the expansion of Saudi Aramco’s Fadhili gas plant. Additionally, the financial strength of major manufacturers highlights the sector's positive trend, as evidenced by Georg Fischer’s February 2025 report stating that its Piping Systems division achieved sales of CHF 1.97 billion for the full year 2024, indicating continued global demand for polymer-based flow solutions.

Market Challenges

Adhering to environmental sustainability and compliance requirements poses a significant obstacle to the growth of the thermoplastic pipe industry. With governments worldwide implementing more rigorous circular economy frameworks, manufacturers face mounting pressure to incorporate substantial amounts of recycled materials into their products. Unlike consumer packaging, however, thermoplastic pipes are designed for long-duration infrastructure and high-pressure uses, necessitating raw materials of exceptional mechanical strength and purity. Obtaining post-consumer recyclate that satisfies these strict technical specifications is economically challenging and logistically complex, resulting in a supply-demand mismatch that impedes participation in green public procurement tenders.

As a result, the technical difficulty in rapidly conforming to emerging regulatory standards leaves the market vulnerable to reputational harm, potential taxes on virgin polymers, and compliance risks. The difficulty in achieving circularity is reflected in the sluggish rate of adopting recycled materials throughout the wider sector; Plastics Europe noted in 2024 that circular plastics comprised merely 13.5% of new plastic goods produced in Europe. This significant disparity between industrial capabilities and regulatory goals compels manufacturers to function in an uncertain landscape where an inability to adapt restricts access to development capital and hinders capacity growth.

Market Trends

The introduction of Thermoplastic Composite Pipes (TCP) into deepwater offshore activities is transforming subsea infrastructure by providing a lightweight and corrosion-resistant substitute for conventional heavy steel flowlines. Operators are more frequently choosing these non-metallic options for intricate subsea operations where minimizing installation time and vessel payload is crucial. This trend is confirmed by recent commercial achievements, such as Strohm’s announcement in August 2025 that it won a contract to provide four TCP jumpers for a deepwater gas project in Malaysia, intended for operation at depths reaching 1,500 meters.

At the same time, the advancement of multi-layer piping technologies is speeding up to underpin the growing hydrogen transport network, resolving technical issues like hydrogen embrittlement and permeation linked to metals. Manufacturers are designing reinforced thermoplastic pipes featuring specialized barrier layers to facilitate the safe, high-pressure transmission of green hydrogen from producers to consumers. This technological verification is stimulating investment in pilot systems; for instance, SoluForce reported in March 2025 that hydrogen producer HYGRO obtained an €11.8 million grant to build a hydrogen supply chain utilizing SoluForce’s multi-layer composite pipeline technology.

Key Players Profiled in the Thermoplastic Pipe Market

• Pipelife Nederland B.V.
• Strohm B.V.
• Master Tech Company FZC
• Advanced Drainage Systems, Inc.
• AMIANTIT Service GmbH
• Georg Fischer Ltd.
• Baker Hughes Company
• F.W Webb Company
• Tianjin Jingtong Pipe Industry Co., Ltd.
• BioCote Limited

Report Scope

In this report, the Global Thermoplastic Pipe Market has been segmented into the following categories:

Thermoplastic Pipe Market, by Polymer Type:

• Polyethylene
• Polypropylene
• Polyvinylidene Fluoride
• Polyvinyl Chloride
• Others

Thermoplastic Pipe Market, by Application:

• Onshore
• Offshore

Thermoplastic Pipe Market, by End-User:

• Oil & Gas
• Water & Wastewater
• Mining & Dredging
• Utilities & Renewables

Thermoplastic Pipe Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Thermoplastic Pipe Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.