<img src="https://ml.globenewswire.com/Resource/Download/908fb457-7f8e-4a08-9081-5565e3dfb3d7?size=2" nborder="0" align="left" hspace="5" vspace="5" title="22157.jpg" alt="Company Logo"/>Opportunities center on replacing corroded steel, APAC water upgrades, offshore RTP/TCP flowlines and hydrogen-ready PVDF, driven by lower costs and corrosion resistance.Dublin, Aug. 20, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- The <a href="https://www.researchandmarkets.com/reports/5012345/thermoplastic-pipe-market-share-analysis?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=vzwrdz&amp;utm_campaign=2330940+-+Thermoplastic+Pipe+Market+(2026-2031)+-+Rising+Demand+for+Corrosion-Resistant+Piping+Solutions+Drives+Growth&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="Thermoplastic Pipe - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)">"Thermoplastic Pipe - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)"</a> report has been added to ResearchAndMarkets.com's offering. Thermoplastic Pipe Market to Reach USD 5.23 Billion by 2031 as Infrastructure and Offshore Demand Accelerate The global thermoplastic pipe market is projected to grow from USD 4.01 billion in 2025 to USD 4.19 billion in 2026 before reaching USD 5.23 billion by 2031. The market is forecast to expand at a compound annual growth rate (CAGR) of 4.52% between 2026 and 2031, supported by pipeline replacement programs, water and wastewater infrastructure investment, offshore energy projects, and increasing demand for corrosion-resistant piping systems. Replacement of Corroded Steel Pipelines Supports Market Growth Municipalities and midstream operators are addressing ageing pipeline networks installed during the major construction cycle of the 1970s through the 1990s. Corrosion accounts for approximately 46% of unplanned maintenance spending, strengthening the business case for polyethylene, polypropylene, reinforced thermoplastic pipe, and other non-metallic alternatives. The U.S. Environmental Protection Agency estimates that USD 630 billion in water system upgrades will be required by 2045, including approximately USD 115 billion for stormwater infrastructure. Thermoplastic pipes can provide installed-cost savings of 30% to 50% compared with steel in suitable projects. Their lighter weight reduces transportation and crane requirements, while electrofusion joining can limit field welding and accelerate installation. Asia-Pacific is also experiencing sustained investment in urban water and wastewater systems. Population growth, industrial development, and the modernization of municipal networks are creating opportunities for thermoplastic pipe suppliers across India, China, and Southeast Asia. Offshore Energy Projects Drive RTP and TCP Adoption Offshore and subsea operators are increasingly evaluating reinforced thermoplastic pipe (RTP) and thermoplastic composite pipe (TCP) for flowlines, jumpers, and related applications. Deepwater fields in Brazil and the western Atlantic can exceed depths of 3,000 metres, while high pressure and elevated carbon dioxide levels increase corrosion risks for conventional steel pipelines. Long-length spoolable pipe systems can reduce vessel trips and installation time compared with welded steel alternatives. Non-metallic structures also lower corrosion-monitoring requirements and may support compliance with increasingly stringent leak-detection and emissions regulations. These operating benefits are expected to strengthen thermoplastic pipe demand across offshore oil and gas developments. Polymer Price Volatility Remains a Market Restraint Fluctuating polyethylene and polypropylene resin prices remain a significant challenge for manufacturers, distributors, and contractors. Polymer costs are closely linked to naphtha and ethane feedstocks, while plant outages and freight constraints can intensify short-term price movements. Price volatility may compress project margins, delay bids, and complicate long-term procurement agreements. Thermoplastic systems also face pressure and temperature limitations in certain applications where steel remains the preferred material. Continued advances in composite reinforcement, high-performance polymers, qualification standards, and installation technology will be important to expanding adoption in demanding environments. Thermoplastic Pipe Market Segment Insights Reinforced thermoplastic pipe accounted for 57.45% of the market in 2025, reflecting its established use in medium-pressure hydrocarbon service. Demand is supported by shale gathering-line replacements in North America and onshore water-injection systems in the Middle East. RTP also benefits from spoolable installation, fewer flanges and welds, and field labor savings of up to 35% in appropriate applications. Thermoplastic composite pipe is forecast to record a 6.15% CAGR through 2031. The segment is projected to increase from USD 1.18 billion in 2025 to USD 1.69 billion by 2031. Growth is being driven by demand for corrosion resistance, reduced installation weight, and lower lifecycle emissions in high-pressure, sour-service, and offshore applications. Flexible composite pipe remains more specialized, serving dynamic well-intervention and subsea jumper requirements. Polyethylene represented 47.60% of thermoplastic pipe market revenue in 2025 due to its broad availability, established joining methods, and extensive use in water networks. Polyvinylidene fluoride is expected to register a 6.90% CAGR, with its market value rising from USD 505 million in 2025 to USD 752 million by 2031. Demand is supported by hydrogen pipeline trials, semiconductor facilities, chemical processing, and applications requiring high temperature tolerance, acid resistance, and low gas permeability. Polypropylene, PVC, and CPVC continue to serve hot-water, mining slurry, and industrial piping applications. Emerging high-performance materials, including extrudable polyphenylene sulfide, are creating opportunities in specialized high-temperature and downhole environments. Material selection is increasingly application-specific, rewarding suppliers that combine advanced polymers with installation equipment and digital inspection capabilities. Asia-Pacific Leads the Global Thermoplastic Pipe Market Asia-Pacific generated 45.60% of global revenue in 2025 and is forecast to expand at a 6.30% CAGR through 2031. The regional thermoplastic pipe market is projected to exceed USD 2.64 billion by 2031. Water-sector tenders in India, petrochemical investment in Southeast Asia, and expanding industrial cooling and process networks are major growth catalysts. North America remains a key market, supported by shale gathering upgrades, methane regulations, stormwater investment, and coastal resilience programs. Europe is benefiting from infrastructure replacement cycles and evolving drinking-water and energy regulations. South America, the Middle East, and Africa offer additional growth potential through deepwater energy activity, desalination projects, and remote oilfield developments where lightweight, spoolable thermoplastic pipes can reduce installation and maintenance costs. Key Topics Covered: 1 Introduction 1.1 Study Assumptions &amp; Market Definition 1.2 Scope of the Study 2 Research Methodology 3 Executive Summary 4 Market Landscape 4.1 Market Overview 4.2 Market Drivers 4.2.1 Rapid replacement of corroded steel pipelines 4.2.2 Offshore operators shift to RTP/TCP for flow-lines 4.2.3 Urban water &amp; wastewater infrastructure boom in APAC 4.2.4 Tightening methane-leak regulations in the U.S. and EU 4.2.5 Hydrogen-ready thermoplastic pipeline pilots 4.2.6 Modular CCS Plants Adopting Composite CO? Lines 4.3 Market Restraints 4.3.1 Volatile crude-linked polymer prices 4.3.2 Pressure / temperature limits vs. steel 4.3.3 Slow deep-water qualification cycles 4.3.4 Micro-plastics compliance rules on certain resins 4.4 Supply-Chain Analysis 4.5 Regulatory Landscape 4.6 Technological Outlook (RTP, TCP, FCP, Hydrogen service) 4.7 Porter's Five Forces 4.7.1 Bargaining Power of Suppliers 4.7.2 Bargaining Power of Buyers 4.7.3 Threat of New Entrants 4.7.4 Threat of Substitutes 4.7.5 Industry Rivalry 5 Market Size &amp; Growth Forecasts 5.1 By Pipe Type 5.1.1 Reinforced Thermoplastic Pipe (RTP) 5.1.2 Thermoplastic Composite Pipe (TCP) 5.1.3 Flexible Composite Pipe (FCP) 5.2 By Polymer Type 5.2.1 Polyethylene (PE) 5.2.2 Polypropylene (PP) 5.2.3 Polyvinylidene Fluoride (PVDF) 5.2.4 Poly Vinyl Chloride (PVC/CPVC) 5.2.5 Others (PA, PPS, etc.) 5.3 By Installation Location 5.3.1 Onshore 5.3.2 Offshore/Sub-sea 5.3.3 Downhole/Wellbore 5.4 By Application 5.4.1 Oil and Gas 5.4.2 Water and Wastewater 5.4.3 Chemical and Process Industries 5.4.4 Mining and Slurry 5.4.5 District Heating and Cooling 5.5 By Geography 5.5.1 North America 5.5.1.1 United States 5.5.1.2 Canada 5.5.1.3 Mexico 5.5.2 Europe 5.5.2.1 Germany 5.5.2.2 United Kingdom 5.5.2.3 France 5.5.2.4 Italy 5.5.2.5 Russia 5.5.2.6 Rest of Europe 5.5.3 Asia-Pacific 5.5.3.1 China 5.5.3.2 India 5.5.3.3 Japan 5.5.3.4 South Korea 5.5.3.5 ASEAN Countries 5.5.3.6 Rest of Asia-Pacific 5.5.4 South America 5.5.4.1 Brazil 5.5.4.2 Argentina 5.5.4.3 Rest of South America 5.5.5 Middle East and Africa 5.5.5.1 Saudi Arabia 5.5.5.2 United Arab Emirates 5.5.5.3 South Africa 5.5.5.4 Egypt 5.5.5.5 Rest of Middle East and Africa 6 Competitive Landscape 6.1 Market Concentration Analysis 6.2 Strategic Moves (M&amp;A, Partnerships, PPAs) 6.3 Market Share Analysis (Market Rank/Share for key companies) 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products &amp; Services, and Recent Developments) 6.4.1 TechnipFMC 6.4.2 Pipelife Nederland BV 6.4.3 Advanced Drainage Systems (ADS) 6.4.4 Shawcor - Flexpipe Systems 6.4.5 Future Pipe Industries 6.4.6 National Oilwell Varco (NOV) - Fiberglass Systems 6.4.7 Baker Hughes - Composite Pipe Solutions 6.4.8 Prysmian - Subsea Composite Lines 6.4.9 Polyflow LLC 6.4.10 Magnum RTP 6.4.11 Airborne Oil &amp; Gas 6.4.12 GF Piping Systems 6.4.13 Wavin 6.4.14 ALFAGOMMA Industrial Piping 6.4.15 Simtech Process Systems 6.4.16 Tianjin Jingtong Pipe Industry 6.4.17 Cosmoplast 6.4.18 Astral Limited 6.4.19 IPEX Inc. 6.4.20 Uponor 7 Market Opportunities &amp; Future Outlook 7.1 White-space &amp; Unmet-need Assessment For more information about this report visit <a href="https://www.researchandmarkets.com/reports/5012345/thermoplastic-pipe-market-share-analysis?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=vzwrdz&amp;utm_campaign=2330940+-+Thermoplastic+Pipe+Market+(2026-2031)+-+Rising+Demand+for+Corrosion-Resistant+Piping+Solutions+Drives+Growth&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="">https://www.researchandmarkets.com/r/ih0ghy</a> About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. 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Thermoplastic Pipe Market (2026-2031) - Rising Demand for Corrosion-Resistant Piping Solutions Drives Growth

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