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Reinforced Thermoplastic Pipes Market is Estimated to Reach USD 7149.0 Million by 2030: Brainstorm Market Research
Reinforced Thermoplastic Pipes Market is Estimated to Reach USD 7149.0 Million by 2030: Brainstorm Market Research
- Reinforced Thermoplastic Pipes (RTP) is a nonexclusive term alluding to a dependable high quality manufactured fiber, (for example, glass, aramid or carbon) or high quality steel wire strengthened channel framework. Normally, the materials utilized in the development of the channel may be Polyethylene (PE), Polyamide-11 or PVDF and might be strengthened with Aramid or Polyester fiber or high quality steel wire, albeit different blends are utilized. It is accessible in loops up to 400 m (1,312 ft.) long. The funnels are accessible in pressure appraisals from 30 to 450 bars (3 to 45 MPa; 435 to 6,527 psi). Late developments incorporate gas tight RTP and RTP for high working temperatures. RTP are utilized for an assortment of on-and seaward applications, including: high weight water infusion pipelines, water transport arrangements, gushing water removal, oil and gas flowlines, oil and gas gathering lines and gas pipeline.
Summary:
- The Global Reinforced Thermoplastic pipes (RTP) market is expected to reach USD 7149.0 million by 2030, growing at a CAGR of 3.37% from 2023 to 2030.
To know more about Reinforced Thermoplastic Pipes Market statistics click here: https://www.brainstormmarketresearch.com/reinforced-thermoplastic-pipes-rtp-market-report
Drivers, Restraint, and Opportunity for the Global Reinforced Thermoplastic Pipes (RTP) Market:
- Increasing deep and ultra-deep-water oil & gas production & exploration activities in various regions, also increasing mining activities in China, Australia, and India along with stringent water & wastewater treatment regulation in European countries these are the major driving factors for the global reinforced thermoplastic pipes (RTP) market. But, on opposite side there are some factors such as fluctuation in raw material, availability of raw material and high cost of production effect on the overall growth of the global reinforced thermoplastic pipes (RTP) market. Along with that, growing population and industrialization in every region, also, technological development by R&D department for various sectors creates the huge market opportunity for the global reinforced thermoplastic pipes (RTP) market in upcoming period.
Various Segments covered in the report for the Global Reinforced Thermoplastic Pipes (RTP) Market are as follows:
- Global Reinforced Thermoplastic Pipes (RTP) Market: By Product Type
On the basis of product, the global reinforced thermoplastic pipes (RTP) market is segmented into non-metallic RTP, and metallic RTP. Among them non-metallic RTP is projected to be the fastest-growing end-use industry of the global reinforced thermoplastic pipes (RTP) market during the forecast period. Due to changing perspective towards the product material and advantages of non-metallic RTP type such as lightweight, flexible and easy to use.
Product Type:
• Non-metallic RTP
• Metallic RTP
- Global Reinforced Thermoplastic Pipes (RTP) Market: By Application/ End-User
The global reinforced thermoplastic pipes (RTP) market is classified into gas distribution networks, water injection lines, and others. After analysis, gas distribution networks are projected as the fastest growing segment in the global reinforced thermoplastic pipes (RTP) market. Due to, countries such as US, China, Russia, and some of the countries have started installing reinforced thermoplastic pipe (RTP) because of its cost, durability, and light weight advantages.
Applications/ End-User:
• Gas distribution networks.
• Water injection lines
• Others
- Global Reinforced Thermoplastic Pipes (RTP) Market: Major Key Players
• National Oilwell Varco(NKT Flexibles)
• PES.TEC
• Aerosun Corporation
• Wienerberger(Pipelife)
• Polyflow, LLC
• Technip
• Cosmoplast
• Flexpipe Systems
• GE Oil & Gas(Wellstream)
• Changchun Gaoxiang Special Pipe co., Ltd
• Airborne Oil & Gas
Get free sample pages of latest published Reinforced Thermoplastic Pipes Market 2023: https://www.brainstormmarketresearch.com/reinforced-thermoplastic-pipes-rtp-market-report
- Based on Region, the Global Reinforced Thermoplastic Pipes (RTP) market has been segmented into: North America, Asia-Pacific, Europe, Africa, South America, and other regions. Asia Pacific is the largest and fastest-growing market region for the global reinforced thermoplastic pipes (RTP) market due to the urbanization and industrialization growth along with increasing mining activities in China, Australia, and India. This is followed by the North America and Europe, along with the rapid growing population of the region.
Related Report:
• Oil Country Tubular Goods Market- https://www.brainstormmarketresearch.com/oil-country-tubular-goods-market-report
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