Volume for thermoplastic pipe projected to grow at a CAGR of 7.8% from 2014 to 2019

21-Nov-14

The market volume for thermoplastic pipe is projected to grow 576 mln tons by 2019 with a healthy CAGR of 7.8% from 2014 to 2019. The oil & gas application of thermoplastic pipes is estimated to grow with increasing demand for flexible pipes, umbilicals, and risers, as per Research and Markets. The thermoplastic pipe market is estimated to grow with their increasing deep, ultra-deep water applications for oil & gas industry, as well as water and wastewater pipes for municipal application. The thermoplastic pipes are used in a lot of industrial applications that include oil & gas, municipal, mining & dredging, and chemical sectors.