The global reinforced thermoplastic pipes market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each reinforced thermoplastic pipes market player in a comprehensive way. Further, the reinforced thermoplastic pipes market report emphasizes the adoption pattern of the reinforced thermoplastic pipes across various industries.
Important regions covered in the reinforced thermoplastic pipes market report include:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- Japan and MEA
- APEJ (China, India)
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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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.