FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global reinforced thermoplastic pipes market. The reinforced thermoplastic pipes market analysis report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Apart from, the reinforced thermoplastic pipes report elaborates the market behavior of each vendor operating in the reinforced thermoplastic pipes market.
Reinforced thermoplastic pipes (RTP) are steadily gaining traction and are set to become 21st century pipeline solutions. Their immunity to corrosion and ability to withstand high pressure up to 450 bar is giving impetus to their demand in various end use applications. In terms of durability and corrosion resistivity, RTP outperforms conventional pipes creating lucrative opportunities in the market. In addition, burgeoning demand for high performance and off-shore applications are set to drive the market at a CAGR of 5% during the forecast period (2019-2029). With reinforced thermoplastic pipes set to cost 40% lesser than conventional plastic variants, their demand will escalate during the forecast period. Their ability to improve flow rate by as much as 30% will act as a potential growth lever.
Facility Expansion and Product Innovation to Remain Key Strategies in RTP Market
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.
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After reading the reinforced thermoplastic pipes (RTP) market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global reinforced thermoplastic pipes (RTP) market.
- Analyze key regions holding significant share of the total reinforced thermoplastic pipes (RTP) market revenue.
- Study the growth outlook of the global reinforced thermoplastic pipes (RTP) market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the reinforced thermoplastic pipes (RTP) market growth.
- Investigate the recent R&D projects performed by each reinforced thermoplastic pipes (RTP) market player.
The reinforced thermoplastic pipes (RTP) market report answers important questions which include:
- What does the status of the reinforced thermoplastic pipes (RTP) market look like after the forecast period?
- Which region has the highest contribution to the global reinforced thermoplastic pipes (RTP) market and why?
- Which players remain at the top of the global reinforced thermoplastic pipes (RTP) market?
- What opportunities are available for the reinforced thermoplastic pipes (RTP) market players to expand their production footprint?
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Fact.MR, in its new offering, presents an unbiased analysis of the RTP market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. 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) across six major regions.
