(MENAFN- EIN Presswire)
Emergen Research Logo
Increase in the adoption of RTPs in the oil and gas industry and the reduction in installation cost are key factors driving the market growth
Lightweight Reinforced Thermoplastic Pipe (RTP) Market Size USD 5.65 Billion in 2020, Market Growth –at a CAGR of 6.8%, Market Trends – Technological advancements Lightweight Reinforced Thermoplastic” — Emergen Research
VANCOUVER, BC, CANADA, May 24, 2022 /EINPresswire.com / -- The global lightweight Reinforced Thermoplastic Pipe (RTP) market is expected to reach a market size of USD 9.63 Billion at a rapid CAGR of 6.8% during the forecast period, according to the latest analysis by Emergen Research. The rapid growth in the market can be attributed to the rise in the usage of RTPs in the oil and gas sector. Rapid and continuous innovations and technological advancements in the field of lightweight RTP also supports the rapid growth of the market. Increasing demand for pipes with superior temperature and pressure resistance is also a driving factor for growth of the market. Advantages of RTPs such as durability, corrosion resistance, low maintenance and low cost are the key factors contributing to the growth of the market. Being lightweight, RTPs require less man power and time for installation. This reduces the installation cost.
Make Payment [Buy your Exclusive copy] @:
Companies profiled in the global Lightweight Reinforced Thermoplastic Pipe (RTP) Market:
H.A.T-Flex, Saudi Aramco National Oilwell Varco, OPR Offshore Pipelines & Risers Inc., Saudi Arabian Amiantit Co., Shawcor and Wienerberger AG, Baker and Hughes, and PES.TEC
Key Highlights of Report
In January 2021, Baker Hughes used new composite flexible pipes to expand non-metallic materials for onshore pipelines. Its aim was to create a sustainable and economic alternative to steel pipes.
In April 2020, Non-metallic Innovation Centre (NIC) and SoluForce entered into a partnership to conduct research and development of RTPs. The main purpose of the research is to increase the operating pressure and temperature of RTPs while transporting hydrocarbons.
Oil and gas segment revenue is expected to register a relatively rapid growth rate over the forecast period. This can be attributed to the increasing pipe replacement activities in the developed countries.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented global Lightweight Reinforced Thermoplastic Pipe (RTP) Market based on product type, reinforcement type, end-use, and region:
Product type Outlook (Revenue, USD Billion; 2021–2028)
Metallic
Non-metallic
Reinforcement Type Outlook (Revenue, USD Billion; 2021–2028)
Dry Glass Fiber RTP
Aramid Tape RTP
Glass Fiber Epoxy Laminate RTP
Steel RTP
Download Sample PDF Report At :
End-use Outlook (Revenue, USD Billion; 2021–2028)
Water & wastewater
Oil & Gas
Mining and others
Subject matter experts behind the study dive deep into the competitive landscape to assess the top performers across the world and unearth the strategies that have given them a competitive edge over others operating in Lightweight Reinforced Thermoplastic Pipe (RTP) Market industry. Other vital aspects including the market share, size and growth rate for the forecast period, 2020 - 2028 also forms an important of the study and valuable resource for business owners, stakeholders, and marketing personnel planning to zero in on their business strategy.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report @
Key Features of the Lightweight Reinforced Thermoplastic Pipe (RTP) Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Lightweight reinforced thermoplastic (RTP) Market Segmentation & Impact Analysis
4.1. Lightweight reinforced thermoplastic (RTP) Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in the adoption of RTPs in oil and gas industry increase use of connected devices
4.2.2.2. The reduction in installation cost
4.2.2.3. Superior properties of RTPs over conventional steel pipes
4.2.3. Market restraints analysis
4.2.3.1. Fluctuation in the prices of raw material
4.2.3.2. Restrictions imposed due to covid-19
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Lightweight reinforced thermoplastic (RTP) Market By Network Type Insights & Trends, Revenue (USD Billion)
5.1. Product Type Dynamics & Market Share, 2021 & 2028
5.1.1. Metallic
5.1.2. Non-metallic
Chapter 6. Lightweight reinforced thermoplastic (RTP) Market By Solution Insights & Trends Revenue (USD Billion)
6.1. Reinforcement Type Dynamics & Market Share, 2021 & 2028
6.1.1. Dry glass fiber RTP
6.1.2. Aramid tape RTP
6.1.3. Glass fiber epoxy laminate RTP
6.1.4. Steel RTP
Chapter 7. Lightweight reinforced thermoplastic (RTP) Market By End-use Insights & Trends, Revenue (USD Billion)
7.1. End-use Dynamics & Market Share, 2021 & 2028
7.1.1. Water & wastewater
7.1.2. Oil & Gas
7.1.3. Mining and others
Thank you for reading our report. To find more details on the report or to inquire about its customization, please let us know, and we will offer you the report as per your needs.
Look Over transcripts provided by Emergen Research:
Flexible Organic Light Emitting Diode Market
Synthetic Leather Market
High Precision Asphere Market
Bio isobutene Market
Micro Needle Patch Market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors
Eric Lee
Emergen Research
+91 90210 91709
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN24052022003118003196ID1104266262