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Reinforced Thermoplastic Pipes Market: By Product, By Application, and Geography
Reinforced Thermoplastic Pipes Market: By Product, By Application, and Geography
Reinforced Thermoplastic Pipes (RTP) Market size was valued at US$ 4.37 billion in 2023 and is poised to grow at a significant CAGR of 6.5% from 2024-2030. Reinforced thermoplastic pipe (RTP) is a generic word that refers to a high-quality manufactured fiber (such as glass, aramid, or carbon) or high-quality steel wire strengthened channel framework. Polyethylene (PE), Polyamide-11, or PVDF are commonly used in channel construction, and they can be reinforced with Aramid or Polyester fiber or high-quality steel wire, however, different mixtures are used. It can be accessed in loops up to 400 meters (1,312 feet) long. The funnels come in a variety of pressure ratings ranging from 30 to 450 bars (3 to 45 MPa 435 to 6,527 psi). RTP for high working temperatures and RTP that is gas-tight are recent innovations. RTPs are used in a variety of on- and off-shore applications, including high-weight water infusion. Water transport systems, gushing water removal, oil and gas flowlines, oil and gas gathering lines, and gas pipelines are all examples of high-weight water infusion pipes. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, The global Reinforced Thermoplastic Pipes (RTP) Market report includes human demographics regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Reinforced Thermoplastic Pipes (RTP) Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
Asia-PacificFastest Growing Market
Europe
Expanding deep and ultra-deep water oil and gas exploration and production in various locations, as well as expanding mining activities in China, Australia, and India, as well as rigid water and wastewater treatment guidelines in European countries, are the major driving factors for the global reinforced thermoplastic pipes (RTP) market. However, a few figures, such as crude material change, accessibility of crude material, and considerable creation cost, have an impact on the overall development of the global reinforced thermoplastic pipes (RTP) market.
In 2019, Asia Pacific contributed highest revenue share followed by Europe, and North America I the global reinforced thermoplastic pipes market. Asia Pacific region is anticipated to grow with a significant CAGR over the forecast years owing to increasing usage of reinforced thermoplastic pipes in oil and gas industry coupled with high consumption of oil & gas in the world. China is the major consumer of oil & gas internationally, however, the production technology is relatively laggard to produce some low-end product. Increasing demand for reinforced thermoplastic pipes (RTP) in Middle East countries is anticipated to drive the growth of the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4.37 billion |
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Market CAGR |
6.5% |
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By Product |
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By Application |
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By Region |
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The reinforced thermoplastic pipes (RTP) market size was valued at US$ 4.37 billion in 2023.
The reinforced thermoplastic pipes (RTP) market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The reinforced thermoplastic pipes (RTP) market key players are Technip, GE Oil and Gas (Wellstream), National Oilwell Varco (NKT Flexibles), Sahwcor (Flexpipe Systems), Flexsteel SoluForce (PipeLife), A.T-FLEX, Polyflo LLC, Prysmiam, Aerosun Corporation, Airborne Oil & Gas
| 1. Executive Summary |
| 2. Global Reinforced Thermoplastic Pipes (RTP) Market Introduction |
| 2.1.Global Reinforced Thermoplastic Pipes (RTP) Market - Taxonomy |
| 2.2.Global Reinforced Thermoplastic Pipes (RTP) Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Reinforced Thermoplastic Pipes (RTP) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Reinforced Thermoplastic Pipes (RTP) Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Reinforced Thermoplastic Pipes (RTP) Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Metallic RTP |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-Metallic RTP |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Reinforced Thermoplastic Pipes (RTP) Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Water Injection Lines |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil Flow Lines |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gas Distribution Networks |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Reinforced Thermoplastic Pipes (RTP) Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Reinforced Thermoplastic Pipes (RTP) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Metallic RTP |
| 8.1.2.Non-Metallic RTP |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Water Injection Lines |
| 8.2.2.Oil Flow Lines |
| 8.2.3.Gas Distribution Networks |
| 8.2.4.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Reinforced Thermoplastic Pipes (RTP) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Metallic RTP |
| 9.1.2.Non-Metallic RTP |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Water Injection Lines |
| 9.2.2.Oil Flow Lines |
| 9.2.3.Gas Distribution Networks |
| 9.2.4.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Reinforced Thermoplastic Pipes (RTP) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Metallic RTP |
| 10.1.2.Non-Metallic RTP |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Water Injection Lines |
| 10.2.2.Oil Flow Lines |
| 10.2.3.Gas Distribution Networks |
| 10.2.4.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Reinforced Thermoplastic Pipes (RTP) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Metallic RTP |
| 11.1.2.Non-Metallic RTP |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Water Injection Lines |
| 11.2.2.Oil Flow Lines |
| 11.2.3.Gas Distribution Networks |
| 11.2.4.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Reinforced Thermoplastic Pipes (RTP) Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Metallic RTP |
| 12.1.2.Non-Metallic RTP |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Water Injection Lines |
| 12.2.2.Oil Flow Lines |
| 12.2.3.Gas Distribution Networks |
| 12.2.4.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Technip |
| 13.2.2.GE Oil and Gas (Wellstream) |
| 13.2.3.National Oilwell Varco (NKT Flexibles) |
| 13.2.4.Sahwcor (Flexpipe Systems) |
| 13.2.5.Flexsteel |
| 13.2.6.SoluForce (PipeLife) |
| 13.2.7.A.T-FLEX |
| 13.2.8.Polyflo LLC |
| 13.2.9.Prysmiam |
| 13.2.10.Aerosun Corporation |
| 13.2.11.Airborne Oil & Gas |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.