Press release
Reinforced Thermoplastic Pipes Market Expects US$ 457.3 Million By 2032
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.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2237?PS
๐๐จ๐ฐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐ข๐ฅ ๐๐ง๐ ๐๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฎ๐๐ง๐๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐ข๐ง๐๐จ๐ซ๐๐๐ ๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ข๐ฉ๐๐ฌ?
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.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
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 525ยฐF to -65ยฐF,
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.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2237?PS
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐๐ข๐ง๐๐จ๐ซ๐๐๐ ๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ข๐ฉ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
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
๐๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐๐ข๐ง๐๐จ๐ซ๐๐๐ ๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ข๐ฉ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฎ๐ซ๐ฏ๐๐ฒ:
โข Market Estimates and Forecasts (2016-2032)
โข Key Drivers and Restraints Shaping Market Growth
โข Segment-wise, Country-wise, and Region-wise Analysis
โข Competition Mapping and Benchmarking
โข Market Share Analysis
โข COVID-19 Impact on Reinforced Thermoplastic Pipes and How to Navigate
โข Recommendation on Key Winning Strategies
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ข๐ง๐๐จ๐ซ๐๐๐ ๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ข๐ฉ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
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
Contact:
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Rockville, Md 20852
United States
Tel: +1 (628) 251-1583
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.
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