Press release
Reinforced Thermoplastic Pipes Market – Generate Massive Revenue in Upcoming Future 2020–2030
The market is poised to expand at a CAGR of ~5% during the forecast period (2020-2030). Reinforced thermoplastic pipes’ high immunity to corrosion and ability to withstand high pressure up to 450 bar is providing impetus to their demand across various end use applications.
Get all Report Details@ https://www.factmr.com/report/2237/reinforced-thermoplastic-pipes-market
In terms of durability and corrosion resistivity, RTP outperforms conventional pipes creating lucrative opportunities in the market. With reinforced thermoplastic pipes set to cost 40% lesser than conventional plastic variants, its demand is set to escalate at an increasing pace.
However, the COVID-19 outbreak is set to hamper the market growth in 2020 with market set to decline by ~4%.
Key Takeaways of the Reinforced Thermoplastic Pipe Market Study:
Escalating demand from on shore and off shore applications is projected to propel the RTP market
Efficacy to offer rapid and low cost installations coupled with fire-resistant properties is set to increase consumption of RTP in oil & gas applications
To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2237
Based on classification, HDPE (high density polyethylene), has led the market in terms of value in 2019 and is projected to maintain its supremacy over other materials, creating an absolute $ opportunity worth US$ 118 Mn by 2030
Glass fiber reinforced material is forecast to witness positive growth rate of ~5% and is set to account for nearly half of the revenue share by 2030
Based on pipe size, up to 4 inches segment is set to retain its dominance among other sizes gaining 155 BPS in its market share till 2030
Attributed to ongoing investments of oil and gas projects in MEA, the region is projected to surpass the North American RTP market by the mid-term forecast.
The RTP market is highly consolidated in nature in which Baker and Hughes, Cosmoplast, H.A.T-Flex, National Oilwell Varco, OPR Offshore Pipelines & Risers Inc, PES.TEC, Saudi Arabian Amiantit Co.
Saudi Aramco, Shawcor and Wienerberger dominate the market. During the historical period (2014-2018), prominent companies have been involved in numerous facility expansions to anchor their presence in highly lucrative regions. Several players have expanded their product portfolio with enhanced properties to serve more niche applications including chemical and gaseous (H2S and CO2) applications.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=2237
Fact.MR, in its new offering, presents an unbiased analysis of the RTP market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030.
The study divulges essential insights on the RTP on the basis of classification (HDPE (high-density polyethylene), PA (polyamide), PVDF (polyvinylidene fluoride) and others), reinforcement material (aramid, glass fiber and steel) and pipe size (up to 4 inches, 6 inches, and above 6 inches) and end use (oil & gas, chemical, water distribution and others) across six major regions.
Speak To Research Analyst For Detailed Insights: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2237
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A, franklin. arnold
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
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 – Generate Massive Revenue in Upcoming Future 2020–2030 here
News-ID: 2246276 • Views: …
More Releases from Fact.MR
Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics.
The market…
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world…
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a…
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable…
More Releases for RTP
Plastic Compounding Market Comprehensive study by Key Players: Solvay, DowDuPont …
HTF MI Analyst have added a new research study on Title Global Plastic Compounding Market Growth 2021-2026 with detailed information of Product Types [PP Compounds, PE Compounds, PVC Compounds, PA Compounds & Others], Applications [Automotive, Building & Construction, Electronics & Appliances, Consumer Goods, Packaging & Others] & Key Players Such as LyondellBasell, SABIC, BASF, Solvay, DowDuPont, RTP, Mitsui Chemicals, ExxonMobil, Mexichem, Westlake Chemical, Chevron Phillips Chemical, Ineos Styrolution, Total Petrochemicals,…
Molded Interconnect Devices Market Trend, Revenue & Regional Analysis 2024 By To …
With the advent of an increasing number of consumer device applications, the global molded interconnect devices market is expected to experience a substantial growth rate in the forthcoming years. The primary factor driving the industry would undeniably be the ability of the molded interconnect devices' to integrate several mechanical & electrical functions in consumer devices while also enabling the reduction of circuit density & facilitating product miniaturization. Moreover, the devices…
What’s Driving the Molded Interconnect Devices Market Trends? Key Companies - …
The Molded Interconnect Devices market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2026.
The report mainly studies the size, recent trends and development status of the Molded Interconnect Devices market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological…
What’s Driving the Molded Interconnect Devices Market Trends? Key Companies - …
Molded Interconnect Devices Market is expected to reach USD 840 million by 2024. The proliferation of the smart & connected wearable devices across the globe is driving the industry growth. These components allow lesser energy consumption and help in enhancing the battery life of the wearable devices, which is beneficial to the users. Moreover, these components further help in reducing the overall of the wearable devices. The wearables are increasingly…
Global Polyetherimide(PEI) Market 2019 - SABIC, RTP, Ensinger, Mitsuichemicals
This new report by Eon Market Research, titled “Global Polyetherimide(PEI) Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Polyetherimide(PEI) industry at a global as well as regional and country level. Key facts analyzed in this report include the Polyetherimide(PEI) market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study of the competitive…
Polyetherimide(PEI) Market 2017- SABIC, RTP, Ensinger, Mitsuichemicals
Apex Research, recently published a detailed market research study focused on the "Polyetherimide(PEI) Market" across the global, regional and country level. The report provides 360° analysis of "Polyetherimide(PEI) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Polyetherimide(PEI) industry, and estimates the future trend of Polyetherimide(PEI) market on the basis of…
