Press release
Reinforced Thermoplastic Pipes Market to Exhibit Significant Incremental Dollar Opportunity During the Forecast Period
In the beginning of the 21st century, governments of developed & developing regions had imposed several stringent regulations over the industrial sector and had taken initiatives to support sustainability development. As a result, the industrial sector took several steps, such as the restructuring of manufacturing plants and manufacturing processes, restricting the use of toxic chemicals and development of products, to support sustainability development and comply with government regulations. Along with this, manufacturers started optimizing processes and increasing the recycling rate and utilization of cost-effective products. In the industrial sector, pipes are imperative for the transportation of utilities, chemicals, and water and bulk materials, among others. In several industries, such as chemicals, oil & gas, and polymer & plastic, pipes are used to handle high – moderate pressure stream, corrosive liquids and toxic chemicals, among other, owing to which pipes often corrode or may fracture, leading to economic losses. For instance, in 2013, China Petroleum & Chemical Corporation companies’ Donghuang II oil pipeline exploded. The under-ground pipeline had corroded, which led to a spillage, and caused around US$ 124 Mn loss with around 64 fatalities.Get To Know Sample of Report @ https://www.persistencemarketresearch.com/samples/23482
In the oil & gas industry, majority of losses occur due to the fracturing or corrosion of pipelines; hence, to avoid such instances, the industry seeks cost-effective piping solutions that can sustain a high pressure-corrosive environment. In line with this, several pipe manufacturers, in collaboration with the oil & gas industry and research institutes, developed a piping solution – reinforced thermoplastic pipes. For instance, in 2000, Saudi Aramco employed reinforced thermoplastic pipes – hailed as a distinguished solution for steel pipelines – manufactured by Tubes d’Aquitaine, part of Wellstream. Since then, demand for reinforce thermoplastic pipes has grown steadily in the oil & gas industry owing to their cost effectiveness, anti-corrosive nature and high transportability. Thus, with the growth of oil & gas industry, demand for the reinforced thermoplastic pipes is expected to increase over the forecast period.
Reinforced thermoplastic pipes comprise three layers, namely the thermoplastic liner, the structural layer and the protective layer. Generally, the structural layer is a helically wrapped high-strength fiber, such as aramid and steel, that provides strength to the pipe. The outer layer and liner are made of polyethylene raised temperature resins and high density polyethylene (HDPE), which can be used for high strength, high temperature resistance and for slowdown crack growth. Reinforced thermoplastic pipes mainly find applications in oil & gas and irrigation sectors, among others.
Request For TOC @ https://www.persistencemarketresearch.com/toc/23482
Recovery from Downturn and Organic growth of Oil & Gas Industry
Recuperating oil & gas prices, coupled with prompt growth in the demand for oil & gas from end-use industries, such as chemicals and polymer & plastics, are the major factors that support the growth of the oil & gas industry. With this steady recovery of the oil & gas industry, several manufacturers are emphasizing on the expansion of new facilities and completion of previously planned production facilities that were withheld during the downturn period. Furthermore, manufacturers are focusing on the development of oil & gas distribution network (i.e. transportation pipelines) to cater to the rising demand and ensure continuous supply of oil & gas to end-use industries across the globe. Aforementioned organic growth and development of transportation network in oil & gas industries are estimated to drive the demand for the reinforced thermoplastic pipes over the forecast period.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/23482
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing start-ups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Reinforced Thermoplastic Pipes Market to Exhibit Significant Incremental Dollar Opportunity During the Forecast Period here
News-ID: 2214056 • Views: …
More Releases from Persistence Market Research
Crates Market Is Expected to Reach US$ 8.7 Billion by 2033 - Persistence Market …
The global crates market plays a critical role in modern logistics, packaging, and supply chain operations across a wide range of industries. Crates are rigid containers designed to transport, store, and protect goods efficiently during handling, warehousing, and distribution. They are widely used in food and beverage, agriculture, pharmaceuticals, automotive, chemicals, and retail sectors due to their durability, stackability, and ability to support reusable and returnable packaging models. As supply…
Solar Power Mobile Devices Market Size to Reach US$ 12.7 Billion by 2033 - Persi …
The solar power mobile devices market is gaining rapid traction as consumers and industries increasingly seek portable, reliable, and sustainable power solutions. Solar powered mobile devices include smartphones, power banks, chargers, lighting systems, and communication equipment that integrate photovoltaic technology to generate electricity from sunlight. These devices are particularly valuable in off grid environments, emergency situations, outdoor activities, and regions with unreliable grid infrastructure.
Explore Full Report Quality - Free Sample…
Triethylene Glycol Market Size to Reach US$2.4 Billion by 2033 - Persistence Mar …
The global triethylene glycol market plays a crucial role across multiple industrial value chains, driven by its versatile chemical properties and wide applicability in energy, textiles, automotive, plastics, and consumer products. Triethylene glycol is a colorless, odorless, hygroscopic liquid known for its excellent moisture absorbing capability, low volatility, and relatively low toxicity compared to other glycols. These attributes make it a preferred choice in applications such as natural gas dehydration,…
Air Purifier Market Witnesses Strong Boom Amid Rising Air Quality Concerns
Introduction
The global air purifier market has gained significant traction in recent years as concerns over air quality, indoor pollution, and public health continue to intensify. Rapid urbanization, industrial expansion, rising vehicular emissions, and increasing awareness of respiratory health have positioned air purifiers as essential household and commercial appliances rather than luxury products. Air purifiers are designed to remove airborne contaminants such as dust, pollen, smoke, volatile organic compounds (VOCs), bacteria,…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
