Reinforced Thermoplastic Pipes (RTP) Market is set to expand at a steady CAGR of more than 5% over the forecast period of 2021 to 2031

The oil & gas industry is the drivetrain for a majority of economies across the world. Over the past half-decade, extensive investments in oil & gas projects have been observed across regions. Irreplaceable and extensively used refined products have spiked demand for the oil & gas across regions, cascading the effect to the demand for reinforced thermoplastic pipes.

Despite decline in demand for crude oil in FY2020, which affected investments in the production of reinforced thermoplastic pipes, demand is anticipated to spike post Q3 of FY2021. Strong supply-side winds are expected to turn the tables towards the perkier side and provide a long-term wave to the market for reinforced thermoplastic pipes (RTP).

For More Insights Into The Market, Request a Sample of this Report –https://www.factmr.com/connectus/sample?flag=S&rep_id=2237

As per Fact.MR analysis, the global reinforced thermoplastic pipes market is set to expand at a healthy CAGR of more than 5% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

• The global RTP market is anticipated to add 1.6X value by 2031 as compared to 2021.
• HDPE captures a governing share of the market, and is set to create around US$ 321 Mn opportunity over the long-term forecast period.
• Oil & gas is the fastest-growing segment in the market, owing to rapid growth of production across Canada and the United States.
• The Middle East and Africa is set to dominate market revenue in 2021, and is expected to gain 55 BPS in its market share by 2031.
• Water distribution end-use is anticipated to lose around 25 BPS over the forecast period of 2021-2031
• The U.K., Canada, and the United States are key countries dominating demand for reinforced thermoplastic pipes.

“Market growth for RTP is set make moves in accordance with the tunes of oil & gas industry growth,” says a Fact.MR analyst.

Share Your Requirements & Get Customized Reports –https://www.factmr.com/connectus/sample?flag=RC&rep_id=2237

Moderately Fragmented High Potential Market: Competition Tuning Factor

Key manufacturers of reinforced thermoplastic pipes are National Oilwell Varco, Inc., TechnipFMC, Shawcor Ltd., Baker Hughes a GE Company, Wienerberger AG, Saudi Arabian Amiantit Co, and H.A.T-Flex Group. The market is fragmented in nature, with the presence of global and local players in almost every part of the world.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global reinforced thermoplastic pipes market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of pipe size (up to 4 inches, 6 inches, and above 6 inches), classification (HDPE, PA, PVDF, and others), reinforcement material  (aramid, glass fiber, and steel), and end use (oil & gas [on-shore and off-shore], chemicals, water distribution, and others), across six  major regions of the world (North America, Latin America, Europe, South Asia & Oceania, and the Middle East & Africa).

Get More Insights –https://www.globenewswire.com/news-release/2018/10/29/1638350/0/en/Top-6-Players-Hold-50-Share-in-Reinforced-Thermoplastic-Pipes-Market-Finds-New-Fact-MR-Study.html

More Chemical Industry Market Reports from Fact.MR

N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide Market– Global sales of N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide were estimated at over 11,500 tons in 2018, and are projected to record a CAGR of over 4.0% through 2029. East Asia will continue to lead the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market, upheld by the ceaseless demand for emission control catalysts in diesel engines in the automotive industry.

Colloidal Silica Market– Global sales of colloidal silica were valued at over US$ 800 Mn in 2018, with gains primarily driven by growing applications in coatings, electronics, and construction industries. End-users continue to show a marked preference for colloidal silica of size up to 50 nm, in light of their clear dispersions and larger specific surface areas.

Lubricant Antioxidants Market– Lubricant antioxidants market revenues reached US$ 1.6 billion in 2018 on back of growing focus on improving the efficiency and expanding the lifespan of lubricants. The lubricant antioxidants market is set to witness 3% y-o-y in 2019 over 2018. The long-term outlook on the market is also bullish, with our estimates suggesting a CAGR of 3.6% between 2018 and 2028.

About the Chemicals & Materials Division at Fact.MR

Chemicals & materials division analysts at Fact.MR have been categorically tracking the broader sub-industries to keep themselves abreast of the recent happenings in the market. Our practical approach to product design and pricing strategy contributes to the growth of businesses that are struggling to hit the ‘move-the-needle’ bottom line. With unmatched analytical diligence, the team at Fact.MR helps organizations design product differentiation strategies and introduce exclusive product(s) to their existing portfolio.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Visit Our Website: https://www.factmr.com Research Insight: https://www.factmr.com/report/2237/reinforced-thermoplastic-pipes-market Press Release: https://www.factmr.com/media-release/1568/reinforced-thermoplastic-pipes-market-trends

Contact Information:

+1 (628) 251-1583