Reinforced Thermoplastic Pipes Market Projected to Gain Significant Value by 2028

Report Description:

The recent market intelligence report, published by Data Insights Partner on the reinforced thermoplastic pipes market makes an offering of in-depth analysis of and sub-segments in both the regional and international market. The research also emphasizes on the impact of drivers, restraints and macro indicators on the regional and global reinforced thermoplastic pipes market over the short as well as long period of time. The report also includes the benefits and market opportunities presented in this field. Beside this, a detailed presentation of forecast, trends, and dollar values of the global market is offered too. In accordance with the report, the reinforced thermoplastic pipes market is projected to expand at a CAGR of 6.7% over the period of forecast period of 2020-2028.

Market Insights, Drivers, Restraints and Opportunities:

Reinforced thermoplastic pipe is a three-layered one type of high-pressure pipes made of reliable high strength synthetic fibre like glass, aramid, carbon etc. Out of three layers, the outer most layer which is generally black or white coloured provides protection against UV rays. The middle layer consists of reinforced tape which is made of several reinforced material such as polyester, aramid fibre etc. And the inner most layer is a protective layer. These pipes are also known as flexible composite pipes. These pipes are usually used for its heat resistance, thermal insulation, high pressure resistance, anticorrosion and flexibility properties.

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The reinforced thermoplastic pipes market is mainly driven by its increasing demand in the transportation sectors, oil and gas industries and water and fluid distribution sectors. Another key factor responsible for the growth of this market is the rise in the amount invested in this sector and modern technology. In last few years there were many cases of damaged metal pipes as metals of the pipes react with fluids and undergo corrosion which causes economic losses for industries. As a result, the government bodies have taken initiatives to impose strict rules and regulations on the industrial sectors regarding the usage of metal pipes in oil and gas flow lines, water or fluid distribution lines etc. This is helping the growth of the reinforced thermoplastic pipes market. Rapid urbanisation and fast economic growth are also playing a big role in the rise in adoption of these types of pipes.

The reinforced thermoplastic pipes market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–

  • High prices of the raw materials.
  • High transportation and exportation cost.
  • High cost of the end product.
  • Emission of harmful pollutants during production.
  • Unavailability of the raw materials
  • Lack of awareness about the availability and benefits of these products in the developing countries.

During the forecast period, Asia Pacific followed by North America and Europe are expected to be the fastest-growing reinforced thermoplastic pipes market. The demand for reinforced thermoplastic pipes in Asia Pacific region is driven by its ever-growing usage in the industrial sectors and the increasing foreign investments in the said market. The increase in the application of these pipes in oil and gas industries and water distribution sectors is projected to fuel the market growth for reinforced thermoplastic pipes in the said region in the next few years. The rapid economic growth and growing population in the said region is expected to fuel high demand for these products. It is also believed that on the basis of application, the oil and gas industries will have the largest share in the forecast period. For its superior heat resistance, durability, flexible properties, low prices and high efficiency, market for polyethylene pipes is also expected to rise significantly in the said time.

Segmentation of Reinforced Thermoplastic Pipes Market:

This market intelligence report on the reinforced thermoplastic pipes market is segmented based on product type, product form, diameter, pressure rating, inner layer material, outer layer material, application, end usage, distributional channel and the country/regions.

By Product Type, the reinforced thermoplastic pipes market is divided into–

  • Glass Fibre Epoxy Laminate Reinforced Thermoplastic Pipes
  • Dry Glass Fibre Reinforced Thermoplastic Pipes
  • Steel Reinforced Thermoplastic Pipes
  • Aramid Tape Reinforced Thermoplastic Pipes

By Product form, the reinforced thermoplastic pipes market can be segregated into

  • Metallic
  • Non-metallic

By Diameter, the reinforced thermoplastic pipes market is divided into–

  • Small Diameter Pipes
  • Large Diameter Pipes

By Pressure Rating, the reinforced thermoplastic pipes market is differentiated into–

  • Low Pressure Pipes
  • High Pressure Pipes

By Inner Layer Material, the reinforced thermoplastic pipes market is segmented into–

  • Polyethylene
  • Polyamide
  • Polypropylene
  • Polyvinylidene Fluoride
  • Polyvinyl Chloride
  • Others

By Outer Layer Material, the reinforced thermoplastic pipes market can be segregated into

  • Aramid
  • Steel
  • Others

By Application, the reinforced thermoplastic pipes market is divided into–

  • Oil and Gas
  • Water and Wastewater
  • Mining and Dredging
  • Utilities and Renewables
  • Others

By End Usage, the reinforced thermoplastic pipes market is segmented into–

  • Residential
  • Non-residential

By Distribution Channel, the reinforced thermoplastic pipes market is segregated into–

  • Hypermarkets and Supermarkets
  • Online
  • Others

By Regional Outlook, the reinforced thermoplastic pipes market is divided into–

  • North America (United States, Canada)
  • Latin America (Brazil, Mexico, Argentina and other countries)
  • Europe (United Kingdom, France, Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
  • Asia Pacific (Japan, China, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand and other countries)
  • Middle East and Africa (GCC, South Africa, Israel, Arabia, Egypt and other countries)

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

  • TechnipFMC
  • Advanced Drainage Systems
  • National Oilwell Varco
  • Baker Hughes Company
  • Georg Fischer
  • Prysmian
  • Magma Global
  • Airborne Oil & Gas
  • Chevron Philips Chemical Company
  • Uponor Corporation
  • Shawcor
  • Cosmoplast Industrial Company
  • Bekaert
  • Wienerberger AG
  • Amiantit Group
  • Polyflow, LLC

Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as reinforced thermoplastic pipes market related investment and spending and developments by major players of the market are tracked in this global report.

Market Competitive Analysis:

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Reinforced thermoplastic pipes market is a competitive market with the presence of various global and regional players in the market. The major players like Advanced Drainage System, National Oilwell Varco, Baker Hughes Company, Airborne Oil & Gas, Magma Global, Prysmian, Shawcor, Uponor Corporation etc. are trying to gain the market power in their hands by producing the products in low costs and thus charging low prices and using different kind of marketing campaigns.

Report Highlights:

An in-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as market data analysis, time series and cross section statistical data analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

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Salient Features:

Ø  This study offers comprehensive yet detailed analysis of reinforced thermoplastic pipes market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year.

Ø  It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market.

Ø  This market intelligence report on reinforced thermoplastic pipes market also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook.

Ø  Profiling of key market players in the market of reinforced thermoplastic pipes is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview.

Ø  The data of this report would allow management authorities and marketers of reinforced thermoplastic pipes companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation.

Ø  The research on the world market for reinforced thermoplastic pipes market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants.

Ø  Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports.

Ø  Reports have been made based on the guidelines as mandated by General Data Protection Regulation.

Ø  Ample number of examples and case studies has been taken into consideration before coming to a conclusion.

Reasons to Buy:

v  Identify new growth opportunities with a deep understanding of strategic business plans and thus design innovative strategies for sustainable growth.

v  Comprehensive details on micro and macro factors that will drive or restrain the growth of market players.

v  Analyse and map the behaviours of the competitors to gain maximum benefits.

v  Deep Sector-Specific Intelligence.

v  Identify investors who can invest in your company or identify the companies to invest in by analysing market opportunities, gains and losses.

v  Identify and attract potential customers by analysing consumer behaviour for every region.

v  Highlights of the competitive landscape.

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