Reinforced Thermoplastic Pipes Market With A Compound Annual Growth Rate Of ~5% Throughout The Forecast Period 2021-2031.

As per the latest intelligence report published by Fact.MR, the global reinforced thermoplastics pipes market is expected to have a positive outlook, expanding at a CAGR of above 5% across the 2021-2031 forecast period.

The market value for reinforced thermoplastics pipes was recorded to be US$ 2.8 Bn which grew at a CAGR of 4% during 2016-2020. Recessionary downswings in the oil & gas industry amid the COVID-19 pandemic stalled growth prospects in 2020, amid cessation of exploration and drilling activities. Fortunately, as restrictions ease, demand is expected to rebound by Q4 2021.

Emerging well activities and rising investments in water and wastewater systems are likely to bolster the global sales of the reinforced thermoplastics pipes market in the forthcoming decade. Furthermore, end use industries are looking to leverage lightweight, durable and corrosion resistant piping material, which will significantly broaden expansion prospects in the forthcoming decade.

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Reinforced Thermoplastic Pipes Market Scope of Report:

A recent study by Fact.MR on the reinforced thermoplastic pipes market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with manufacturing reinforced thermoplastic pipes.

The study also provides the dynamics responsible for influencing the future status of the reinforced thermoplastic pipes market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the reinforced thermoplastic pipes market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Competitive Landscape:

Prominent manufacturers of RTP are taking bold steps to expand their businesses globally. For instance, technological advancements, mergers and acquisitions, rising investments in R&D activities.

• Prominent manufacturer Parker Hannifin Corporation has developed elastomers, polyurethane and metals solutions for oil and gas sealing.

These materials are capable to withhold Extreme high and low temperatures of 525°F to -65°F,

• On Sept 28, 2020, EnPro announced an agreement to acquire Alluxa. EnPro Industries, Inc. (NYSE: NPO), a leading technology company using materials science to push the boundaries of the semiconductor, life sciences, and other technology-enabled sectors, announced that it has closed the acquisition of Alluxa, Inc., a privately held, California-based company.

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Market Segmentations Of Reinforced Thermoplastic Pipes :

• Classification

  • HDPE (High-density polyethylene) Reinforced Thermoplastic Pipes
  • PA (Polyamide) Reinforced Thermoplastic Pipes
  • PVDF (Polyvinylidene fluoride) Reinforced Thermoplastic Pipes
  • Other Reinforced Thermoplastic Pipes

• Reinforced Material

  • Aramid Reinforced Thermoplastic Pipes
  • Glass Fiber Reinforced Thermoplastic Pipes
  • Steel Reinforced Thermoplastic Pipes

• Pipe Size

  • Reinforced Thermoplastic Pipes Measuring Up to 4 Inches
  • Reinforced Thermoplastic Pipes Measuring 6 Inches
  • Reinforced Thermoplastic Pipes Measuring Above 6 Inches

• End Use

  • Reinforced Thermoplastic Pipes for Oil & Gas
  • Reinforced Thermoplastic Pipes for On Shore Operations
  • Reinforced Thermoplastic Pipes for Off Shore Operations
  • Reinforced Thermoplastic Pipes for Chemical Industry
  • Reinforced Thermoplastic Pipes for Water Industry
  • Reinforced Thermoplastic Pipes for Other End Uses

Report Benefits & Key Questions Answered

• Reinforced Thermoplastic Pipes Historical volume analysis: The report offers a comparative analysis between historic sales of Reinforced Thermoplastic Pipes and projected sales performance for 2021-2031
• Reinforced Thermoplastic Pipes Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
• Reinforced Thermoplastic Pipes Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
• Post COVID consumer spending on Reinforced Thermoplastic Pipes Systems: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

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