The global demand for Reinforced Thermoplastic Pipes Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Reinforced thermoplastic pipes (RTP) are modified versions of flexible thermostatic pipes (FCP). RTPs are a particular class of FCPs reinforced by high strength synthetic fibers like glass, aramid, or carbon fiber. RTP is a composite spoolable pipe that offers high-pressure capability, corrosion resistance, highest safety standards, chemical compatibility, reliability, adapted to rugged terrains, flexibility, and demonstrated the installation's efficiency. These pipes are used for reinforcement, mainly in oil and gas gathering and water transfer. They are economical, easy to maintain, and are manufactured using multi-layer extrusion and braiding technology.
The surging demand for non-corrosive conduits in the onshore oil and gas industry is the main stimulating factor for this growth. Since these pipes can withstand extreme conditions, they are highly sought after for several other applications like domestic gas, domestic water, mining, effluent water disposal, CO2, and hydrogen applications. The excellent strength to weight ratio, fast installation, and abrasion resistance of RTPs will favor expanding the market in several other unexplored sectors like salt pan brine, military oil and submarine pipeline, and hot spring fields. Rapid industrialization and infrastructural development will boost the market growth. The fluctuations in the price of raw materials and high production costs hinder the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of reinforced thermoplastic pipes. The growth and trends of reinforced thermoplastic pipes industry provide a holistic approach to this study.
This section of the reinforced thermoplastic pipes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Inner Layer Material
By Reinforced Material Type
- Polyethylene (PE)
- Oil & Gas
- On Shore
- Off Shore
This section covers the regional outlook, which accentuates current and future demand for the Reinforced Thermoplastic Pipes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Reinforced Thermoplastic Pipes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the reinforced thermoplastic pipes market include Technip, GE Oil and Gas, National Oilwell Varco, Shawcor, FlexSteel, SoluForce, H.A.T-FLEX, Polyflow, LLC, Prysmian, Aerosun Corporation, and Changchun GaoXiang Special pipe. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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