Reinforced Thermoplastic Pipes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : May-2020 | List of Tables : 70 | List of Figures : 135 | No. of Pages : 170 | Report Code : FACT2237MR |

Reinforced Thermoplastic Pipes (RTP) Market Overview:

The global reinforced thermoplastic pipes (RTP) market is poised to embark on a positive growth trajectory, registering a CAGR of ~5% across the forecast period (2020-2030). This growth is attributed to the advantages of reinforced thermoplastic pipes (RTP) such as light weighting, flexibility, and durability and corrosion resistivity. Furthermore, its ability to form fused joints offers many advantages over conventional pipes made from steel and cast iron, fueling the demand for RTP in a range of applications. Besides, it saves upfront costs and eliminates the need for welding and X-ray inspections.  RTPs are also able to reduce overall expenditure by 35% as compared to traditional steel pipes by eliminating costs related to corrosion inhibitors, trenching costs and operating expenses.

Reinforced Thermoplastic Pipes (RTP) Market Material Insights

In terms of value and volume, aramid reinforced material has dominated the market since 2019 and is poised to maintain its reign over other reinforced materials. The segment shall account for over half of the market share by 2030. The trend of para-aramid fibers, a low-cost alternative over reinforcement materials with its high tensile strength will assist aramids to maintain its supremacy in the market. RTPs with aramid fibers are an ideal solution in on-shore and hydrogen transport applications. However, glass fibers are set to witness a high growth rate among other reinforcement materials, forecast to grow at an annual growth rate of ~5%. The anticipated growth is due to its high tensile and flexural strength which will increase its demand in extreme corrosive applications such as sour fluids and gases.

Reinforced Thermoplastic Pipes (RTP) Market Regional Insights:

Due to the shale gas effect and colossal ongoing expansions in the United States, North America reigned supreme in the RTP market in 2019 with a valuation of US$ 81 Mn. According to the Construction Intelligence Center, 2018, the global oil & gas pipeline projects are worth over US$ 4 trillion which will create a progressive environment for the RTP market.

global reinforced thermoplastic pipes market regional incremental opportunity analysis

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However, MEA (Middle East & Africa) is projected to surpass North America by 2030 and is forecast to account for over one third of the revenue share. In addition, MEA is forecast to experience high growth rate among other regions and is poised to expand at a CAGR of ~6% during the forecast period. MEA has the highest value of production facilities and ongoing oil & gas construction projects worth 835 Bn which would eventually increase the demand for RTP in the region.

Reinforced Thermoplastic Pipes (RTP) Market Manufacturers

The RTP Market is highly consolidated, dominated by the top ten players in 2019 and accounting for over more than half of the market share. 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 AG are the key stakeholders. Market players are continuously striving to anchor their presence in highly lucrative regions including MEA and North America. In addition, players have been involved in numerous organic strategies like production capacity expansions and enhanced product offerings to strengthen their market position across the globe. For instance, In April 2019, National Oilwell Varco (NOV), a European company, opened a reinforced thermoplastic pipe production facility in Dammam, Saudi Arabia. With this facility expansion, the company has increased its market presence in MEA to leverage the immense potential from the region.

global reinforced thermoplastic pipes market competitive analysis

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COVID-19 Impact Insights

The spread of the coronavirus has crippled the entire world. Nearly all countries have imposed lockdowns and strict social distancing measures. This has disrupted every oil and gas project across the globe. The oil & gas industry is an important application area for RTPs. A decline in the oil & gas sector has limited the market scope for RTPs. The pandemic has generated massive disruptions in the demand-supply equation across multiple industries, causing a global economic meltdown. North America being the most impacted region, is poised to suffer a loss of nearly US$ 1 Mn by the end of 2020 in the RTP sector. The region may experience further decline as the situation provides no signs of abatement. Europe is poised to experience a similar trend in 2020. However, the market is likely to experience moderate growth in Middle East and Africa and Asia Pacific. Easing of lockdowns in these regions shall yield better results by the end of 2020.

Analyst Viewpoint

“In the midst of the COVID-19 pandemic, the global reinforced thermoplastic pipes market is poised to suffer a likely loss of ~ US$ 3 Mn by the end of 2020”, says the Fact.MR analyst.

About the Report

Fact.MR published an exclusive forecast report for reinforced thermoplastic pipes market between 2020 and 2030. The foremost objective of this report on reinforced thermoplastic pipes market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the reinforced thermoplastic pipes market. Also, the study on reinforced thermoplastic pipes market addresses key dynamics, which are expected to diversify the sales and future prominence of reinforced thermoplastic pipes market.                 

The report on reinforced thermoplastic pipes market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of reinforced thermoplastic pipes market elaborating on the key segments. Also, the report outlines visionary insights on dynamics within the reinforced thermoplastic pipes market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for reinforced thermoplastic pipes. Supply chain analysis and pricing analysis of reinforced thermoplastic pipes market along with the difference between reinforced thermoplastic pipes used as per applications have also been included in the report to help the readers clearly understand the product framework map in reinforced thermoplastic pipes market.

Reinforced Thermoplastic Pipes Market - Scope of the Report

The reinforced thermoplastic pipes market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020 - 2030. The study predicts crucial trends that are determining growth of the reinforced thermoplastic pipes market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of reinforced thermoplastic pipes. The report primarily conveys a summary of the market, considering the present and upcoming oil & gas, water and chemical industry developments to reveal striking sides relating to the adoption of reinforced thermoplastic pipes across prominent regional markets.

A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the reinforced thermoplastic pipes market enhance the reliability of this comprehensive research study.

Reinforced Thermoplastic Pipes Market: Report Summary

The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the reinforced thermoplastic pipes market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.

Reinforced Thermoplastic Pipes Market: Segmentation

Fact.MR has segmented the reinforced thermoplastic pipes market on the basis of classification, reinforced material, pipe size, end use and region.

Classification

Reinforced Material

Pipe Size

End Use

Region

HDPE (High-density polyethylene)

Aramid

Up to 4 Inches

 Oil & Gas

North America

PA (Polyamide)

Glass Fiber

6 Inches

 On Shore

Latin America

PVDF (Polyvinylidene fluoride)

Steel

Above 6 Inches

 Off Shore

Europe

Others

 

 

Chemical

East Asia

 

 

 

Water

South Asia & Oceania

 

 

 

Others

MEA

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Reinforced Thermoplastic Pipes Market: Analysis on Market Size Evaluation

Existing predictions of the reinforced thermoplastic pipes market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.

The market estimation at the regional and global scale of reinforced thermoplastic pipes is available in terms of value (US$ Mn) and in terms volume (Kilo Meters). A Y-o-Y growth contrast of the prominent reinforced thermoplastic pipes market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on reinforced thermoplastic pipes types, where reinforced thermoplastic pipes witness a steady demand.

Reinforced Thermoplastic Pipes Market: Scrutinized Assessment on Regional Segments

The weighted sections have been elaborated in the report of the reinforced thermoplastic pipes market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the reinforced thermoplastic pipes market during the forecast period.

Country-specific valuation on the demand for reinforced thermoplastic pipes has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Reinforced Thermoplastic Pipes Market: In-depth Analysis on Competitive Landscape

The report offers competitive scenario of the reinforced thermoplastic pipes market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of reinforced thermoplastic pipes, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the reinforced thermoplastic pipes market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the reinforced thermoplastic pipes market. Prominent companies operating in the global reinforced thermoplastic pipes market include 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 AG.

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Reinforced Thermoplastic Pipes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030