Press release
Valuation Of Reinforced Thermoplastic Pipes Expects US$ 457.3 Million By 2031
The Reinforced Thermoplastic Pipes market revenues were estimated at US$ 2.8 Bn in 2020 and is anticipated to grow at a CAGR of 12.7% from 2021-2031, according to a recently published Fact.MR report. By the end of 2031, the market is expected to reach US$ 3.6 Bn.Emerging well activities and rising investments in water and wastewater systems are likely to bolster the global sales of the reinforced thermoplastics pipes market in the forthcoming decade. Furthermore, end use industries are looking to leverage lightweight, durable and corrosion resistant piping material, which will significantly broaden expansion prospects in the forthcoming decade.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2237?PS
How is the Oil and Gas Industry Influencing Demand for Reinforced Thermoplastic Pipes?
Major end-use industries such as oil and gas were among the first ones to venture into reinforced thermoplastic pipe applications in large-scale manufacturing processes.
Over the past half-a-decade, extensive investments in oil & gas projects have been undertaken across regions. Irreplaceable and extensively used refined products have spiked demand for oil & gas across regions, cascading the effect to the global demand for reinforced thermoplastic pipes.
According to IEA, planned investments in upstream oil and gas have been slashed under pressure from the collapse in oil prices and demand. However, it long term market conditions appear largely optimistic.
The potential to withstand extreme conditions increases the lifetime of oil pipelines, and the ability to control the operating costs, lead time, compliance, ease of installation, maintenance costs, total costs of ownership, has made it a popular choice in the oil and gas industry over the years.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=2237?PS
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข HDPE captures dominant share creating around US$ 321 Mn opportunity over the long-term forecast period.
โข Glass fiber reinforced thermoplastic pipes demand to expand at approximately 5% CAGR by 2031
โข Oil & gas is the fastest-growing segment in the market, owing to the rapid growth of production across Canada and the United States.
โข The Middle East and Africa is set to dominate market revenue in 2021, expected to gain 55 BPS by 2031.
โข Water distribution end-use is anticipated to lose around 25 BPS over the forecast period of 2021-2031
โข The U.K., Canada, and the United States are key countries dominating demand for reinforced thermoplastic pipes.
Competitive Landscape
Prominent manufacturers of RTP are taking bold steps to expand their businesses globally. For instance, technological advancements, mergers and acquisitions, rising investments in R&D activities.
โข Prominent manufacturer Parker Hannifin Corporation has developed elastomers, polyurethane and metals solutions for oil and gas sealing. These materials are capable to withhold Extreme high and low temperatures of 525ยฐF to -65ยฐF
โข On Sept 28, 2020, EnPro announced an agreement to acquire Alluxa. EnPro Industries, Inc. (NYSE: NPO), a leading technology company using materials science to push the boundaries of the semiconductor, life sciences, and other technology-enabled sectors, announced that it has closed the acquisition of Alluxa, Inc., a privately held, California-based company.
๐๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฅ๐ฒ๐ถ๐ป๐ณ๐ผ๐ฟ๐ฐ๐ฒ๐ฑ ๐ง๐ต๐ฒ๐ฟ๐บ๐ผ๐ฝ๐น๐ฎ๐๐๐ถ๐ฐ ๐ฃ๐ถ๐ฝ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
โข Baker and Hughes
โข Cosmoplast
โข H.A.T-Flex
โข National Oilwell Varco
โข OPR Offshore Pipelines & Risers Inc.
โข PES.TEC
โข Saudi Arabian Amiantit Co.
โข Saudi Aramco
โข Shawcor
โข Wienerberger AG
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/checkout/2237
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐ฅ๐ฒ๐ถ๐ป๐ณ๐ผ๐ฟ๐ฐ๐ฒ๐ฑ ๐ง๐ต๐ฒ๐ฟ๐บ๐ผ๐ฝ๐น๐ฎ๐๐๐ถ๐ฐ ๐ฃ๐ถ๐ฝ๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐
By Classification
โข HDPE (High-density polyethylene)
โข PA (Polyamide)
โข PVDF (Polyvinylidene fluoride)
โข Other
By Reinforced Material
โข Aramid
โข Glass Fiber
โข Steel
By Pipe Size
โข Measuring Up to 4 Inches
โข Measuring 6 Inches
Measuring Above 6 Inches
By End Use
โข Pipes for Oil & Gas
โข On Shore Operations
โข Off Shore Operations
โข Chemical Industry
โข Water Industry
โข Other End Uses
By Region
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข MEA
Contact:ย
US Sales Office
11140ย Rockville Pike
Suite 400
Rockville, MDย 20852
United States
Tel: +1 (628) 251-1583
E:ย sales@factmr.com
About Fact.MR
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