Reinforced Thermoplastic Pipes (RTP) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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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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Description

Global Reinforced Thermoplastic Pipes (RTP) Market 

 

Global reinforced thermoplastic pipes (RTP) market report gives comprehensive outlook on reinforced thermoplastic pipes (RTP) across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of product, application, and region. 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, global 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 market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global reinforced thermoplastic pipes (RTP).

 

Global Reinforced Thermoplastic Pipes (RTP) Market:

The global market is expected to be valued at US$ 4,936.7 Mn in 2019 and growing at a CAGR of 6.7% over the forecast period to reach US$ 7,639.3 Mn by 2026 owing to advancements in technology such as Mesohigh RTP extrusion technology and offers unique advantages such as flexibility, corrosion resistance, and abrasion resistance. Additionally, the superior properties of RTP are now being cognized in China and are being selected as the best option. Increasing use of reinforced thermoplastic pipes (RTP) in the oil & gas applications is the major factor driving the growth of the market over the forecast years. Growing number of construction activities for new wells here RTP piping system is used. However, the underdeveloped RTP industry in China due to administrative monopoly in oil & gas industry is hampering the growth of the RTP market.

 

Asia Pacific dominates the market share in the global 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.

 

Competition Assessment

Key player’s profiles in the global 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

 

Key Findings of the Report:

  • Global market expanding at significant CAGR over 2020 to 2026 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 2019 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:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

By Product

  • Metallic RTP
  • Non-Metallic RTP

By Application

  • Water Injection Lines
  • Oil Flow Lines
  • Gas Distribution Networks
  • Others

Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

 

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

Ask An Analyst

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