Press release
Reinforced Thermoplastic Pipes (RTP) Market: Regional Industry Segmentation, Survey by Production, Consumption, Revenue and CAGR Rate by 2025 | Technip, GE Oil & Gas, National Oilwell Varco, Shawcor
Reinforced Thermoplastic Pipes (RTP) Market overview:The growing demand for Reinforced Thermoplastic Pipes (RTP) has provided a major boost to the Global Reinforced Thermoplastic Pipes (RTP) Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.
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Reinforced thermoplastic pipe (RTP, also known as flexible composite pipe or FCP) is a generic term referring to a reliable high strength synthetic fibre (such as glass, aramid or carbon) or high strength steel wire reinforced pipe system. Initially developed in the early 1990s by Wavin Repox, Akzo Nobel and by Tubes d'Aquitaine from France, who developed the first pipes reinforced with synthetic fibre to replace medium pressure steel pipes in response to growing demand for non-corrosive conduits for application in the onshore oil and gas industry, particularly from Shell in the Middle East
The global Reinforced Thermoplastic Pipes (RTP) Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Non-metallic RTP
2 Metallic RTP
On the basis of End Use Industry, the market is split into:
1 Oil flow lines
2 Gas distribution networks
3 Water injection lines
Objectives of the Study
To describe and forecast the global Reinforced Thermoplastic Pipes (RTP) Market on the basis of Product Type, industry verticals, Channel and regions.
To forecast the Reinforced Thermoplastic Pipes (RTP) Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.
To provide detailed information regarding the major factors influencing the growth of the Reinforced Thermoplastic Pipes (RTP) Market (drivers, restraints, opportunities, and challenges).
To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.
To strategically profile key players and comprehensively analyze their core competencies and positioning.
To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Reinforced Thermoplastic Pipes (RTP) Market.
Some of the Reinforced Thermoplastic Pipes (RTP) Market manufacturers involved in the market are Technip, GE Oil & Gas(Wellstream), National Oilwell Varco(NKT Flexibles), Shawcor(Flexpipe Systems), Airborne Oil & Gas, Wienerberger(Pipelife), Cosmoplast, Polyflow, LLC, PES.TEC, Aerosun Corporation, Changchun GaoXiang Special pipe, Acquisitions and effective mergers are some of the strategies adopted by the Reinforced Thermoplastic Pipes (RTP) Market manufacturers. New product launches and continuous technological innovations are the Reinforced Thermoplastic Pipes (RTP) Market strategies adopted by the major players.
Latest Industry Updates:
Shawcor:- In the Lac Santé area, a rural community in eastern Alberta, Canada, residents with sewage holding tanks must have their sewage transported to the municipal lagoon. Historically, private haulers have taken sewage from the residences to the distant treatment facilities in small loads.
The Counties of St. Paul and Two Hills constructed the Lafond Wastewater Transfer Station to act as a centralized facility to increase efficiencies in transporting sewage to the treatment facility. Private haulers will be able to transport wastewater from residences to the transfer station, which includes four ZCL | Xerxes holding tanks. Later, when the storage tanks are full, the County will transport the wastewater to the lagoon in larger trucks with greater capacity than the private haulers' trucks.
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Asia Pacific was a prominent market for Reinforced Thermoplastic Pipes (RTP)s in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Reinforced Thermoplastic Pipes (RTP) market in Asia Pacific.
There are several manufacturers of Reinforced Thermoplastic Pipes (RTP)s in Europe and North America. In North America, the demand for Reinforced Thermoplastic Pipes (RTP)s is primarily driven by the residential sector. Improved standards of living and rising usage of Reinforced Thermoplastic Pipes (RTP)s for flooring purpose are anticipated to drive the market in North America.
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Table of Contents:
Global Reinforced Thermoplastic Pipes (RTP) Market Report 2020
1 Reinforced Thermoplastic Pipes (RTP) Definition
2 Global Reinforced Thermoplastic Pipes (RTP) Market Major Player Share and Market Overview
3 Major Player Reinforced Thermoplastic Pipes (RTP) Business Introduction
4 Global Reinforced Thermoplastic Pipes (RTP) Market Segmentation (Region Level)
5 Global Reinforced Thermoplastic Pipes (RTP) Market Segmentation (Product Type Level)
6 Global Reinforced Thermoplastic Pipes (RTP) Market Segmentation (Industry Level)
7 Global Reinforced Thermoplastic Pipes (RTP) Market Segmentation (Channel Level)
8 Reinforced Thermoplastic Pipes (RTP) Market Forecast 2020-2024
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