Reinforced Thermoplastic Pipes Market Expects US$ 457.3 Million By 2032

According to a recently released Fact.MR analysis, the Reinforced Thermoplastic Pipes market's revenues were expected to be US$ 2.8 Bn in 2020 and are projected to increase at a CAGR of 12.7% from 2021 to 2031. The market is anticipated to reach US$ 3.6 billion by the end of 2031.

In the future decade, increased investments in water and wastewater systems and newly emerging well operations are projected to boost the market for reinforced thermoplastic pipes globally. Additionally, end use industries are seeking to use piping materials that are lightweight, strong, and corrosion resistant, which will greatly expand expansion chances in the ensuing decade.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
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?

Large-scale production procedures for reinforced thermoplastic pipes were first used in important end-use sectors like oil and gas.

Numerous oil and gas project investments have been made globally over the last five years. The need for oil and gas has increased worldwide as a result of irreplaceable and widely used refined goods, which has also had a cascading effect on demand for reinforced thermoplastic pipes.

According to the IEA, the decline in oil prices and demand has forced a reduction in planned investments in upstream oil and gas. Long-term market circumstances, however, seem mostly positive.

The oil and gas sector has long favoured this option due to its propensity to survive harsh circumstances and its ability to regulate operational costs, lead times, compliance, ease of installation, maintenance costs, and total costs of ownership.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• HDPE captures dominant share creating around US$ 321 Mn opportunity over the long-term forecast period.
• Glass fiber reinforced thermoplastic pipes demand to expand at approximately 5% CAGR by 2031
• Oil & gas is the fastest-growing segment in the market, owing to the rapid growth of production across Canada and the United States.
• The Middle East and Africa is set to dominate market revenue in 2021, expected to gain 55 BPS by 2031.
• Water distribution end-use is anticipated to lose around 25 BPS over the forecast period of 2021-2031
• 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.

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 525°F to -65°F,

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.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2237?PS

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐑𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐞𝐝 𝐓𝐡𝐞𝐫𝐦𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐏𝐢𝐩𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Classification

HDPE (High-density polyethylene) Reinforced Thermoplastic Pipes
PA (Polyamide) Reinforced Thermoplastic Pipes
PVDF (Polyvinylidene fluoride) Reinforced Thermoplastic Pipes
Other Reinforced Thermoplastic Pipes

Reinforced Material

Aramid Reinforced Thermoplastic Pipes
Glass Fiber Reinforced Thermoplastic Pipes
Steel Reinforced Thermoplastic Pipes

Pipe Size

Reinforced Thermoplastic Pipes Measuring Up to 4 Inches
Reinforced Thermoplastic Pipes Measuring 6 Inches
Reinforced Thermoplastic Pipes Measuring Above 6 Inches

End Use

Reinforced Thermoplastic Pipes for Oil & Gas
Reinforced Thermoplastic Pipes for On Shore Operations
Reinforced Thermoplastic Pipes for Off Shore Operations
Reinforced Thermoplastic Pipes for Chemical Industry
Reinforced Thermoplastic Pipes for Water Industry
Reinforced Thermoplastic Pipes for Other End Uses

𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐑𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐞𝐝 𝐓𝐡𝐞𝐫𝐦𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐏𝐢𝐩𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐮𝐫𝐯𝐞𝐲:

• Market Estimates and Forecasts (2016-2032)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• COVID-19 Impact on Reinforced Thermoplastic Pipes and How to Navigate
• Recommendation on Key Winning Strategies

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐞𝐝 𝐓𝐡𝐞𝐫𝐦𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐏𝐢𝐩𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• 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
• Wienerberger AG

Contact:

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.