Global Reinforced Thermoplastic Pipes market is estimated to reach $XX million by 2024; growing at a CAGR of XX.X% from 2016 to 2024. Reinforced thermoplastic pipes (RTP) are high-pressure plastic compound pipes which contain three layers, having consistent high strength synthetic fibre (like aramid or carbon). Reinforced thermoplastic pipes also known as flexible composite pipe (FCP) are anticorrosive, provide heat resistance & thermal insulation, high pressure resistance, highly flexible, and easy for construction. These parameters are projected to drive the global reinforced thermoplastic pipes market during the forecast period. Important applications of reinforced thermoplastic pipes have been classified as gas distribution networks, oil flow lines, water injection lines, and others.
Increasing applications of RTP pipes in various end use industries, growing offshore oil & gas activities worldwide, and growing acceptance of RTP pipes are the factors driving the growth of the reinforced thermoplastic pipes market. However, high cost may hinder the growth of the market. Moreover, the potential of the appearance of new players, and emerging markets might provide with several growth opportunities in the forecasted year.
The global reinforced thermoplastic pipes market is segmented on the product type, application, and geography. The market is segmented by type as non-metallic RTP, and metallic RTP. Further, the market is segmented by application as oil flow lines, water injection lines, gas distribution networks, and other applications.
Based on geography, global reinforced thermoplastic pipes market is segmented into North America, Europe, Asia Pacific, Rest of the World (RoW) North America is further bifurcated in U.S., and Rest of North America whereas Europe segment consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include National Oilwell Varco, GE Oil & Gas, Shawcor, Airborne Oil & Gas, Wienerberger, Cosmoplast, Polyflow, LLC, PES.TEC, Aerosun Corporation, and Changchun GaoXiang Special pipe Co Ltd., among others.
The key takeaways from the report
- The report will provide detailed analysis of Reinforced Thermoplastic Pipes Market with respect to major segments such as product type, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Reinforced Thermoplastic Pipes Market has been included in the report
- Profile of the key players in the Reinforced Thermoplastic Pipes Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Reinforced Thermoplastic Pipes Market
Product Type Segments
- Non-Metallic RTP
- Metallic RTP
- Oil Flow Lines
- Water Injection Lines
- Gas Distribution Networks
- Other Applications
- North America
- Rest of North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East