Reinforced Thermoplastic Pipes (RTP) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Reinforced Thermoplastic Pipes (RTP) Market By Product (Metallic RTP and Non-Metallic RTP), By Application (Water Injection Lines, Oil Flow Lines, Gas Distribution Networks, and Others), and Geography

 

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Report

Description

Reinforced Thermoplastic Pipes (RTP) Market size was valued at USD 3.77 billion in 2021, growing at a CAGR of 4.5% from 2022-28. Reinforced thermoplastic pipe (RTP) is a generic word that refers to a high-quality manufactured fibre (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 fibre or high-quality steel wire, however different mixtures are used. It can be accessed in loops up to 400 metres (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). 

Reinforced Thermoplastic Pipes (RTP) Market

MARKET SUMMARY
-
4.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Reinforced Thermoplastic Pipes (RTP) Market

  • The global Reinforced Thermoplastic Pipes (RTP) Market report gives comprehensive outlook on Reinforced Thermoplastic Pipes (RTP) Market across the globe with special emphasis on key regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
  • The report on global Reinforced Thermoplastic Pipes (RTP) Market gives historical, current, and future market sizes (US$ Mn) on the basis of type, end-user and Region.
key players
  • Technip
  • GE Oil and Gas (Wellstream)
  • National Oilwell Varco (NKT Flexibles)
  • Sahwcor (Flexpipe Systems)
  • Flexsteel
Reinforced Thermoplastic Pipes (RTP) Market

DRIVERS AND RESTRAINTS

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.


Asia Pacific got significant share

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global market expanding at significant CAGR over 2022 to 2028 owing to rising demand for reinforced thermoplastic pipes (RTP) in oil & gas industry.
  • Based on region, Asia Pacific accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on advancements in technology and collaboration strategies to retain market position in global market

Key

Features of the Report

Reinforced Thermoplastic Pipes (RTP) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

Competition Assessment

Key player’s profiles in the global reinforced thermoplastic pipes (RTP) market include:

  • 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

Description

Reinforced Thermoplastic Pipes (RTP) Market size was valued at USD 3.77 billion in 2021, growing at a CAGR of 4.5% from 2022-28. Reinforced thermoplastic pipe (RTP) is a generic word that refers to a high-quality manufactured fibre (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 fibre or high-quality steel wire, however different mixtures are used. It can be accessed in loops up to 400 metres (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). 

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