Lightweight Reinforced Thermoplastic Pipe Market (Consumer) Worth US$ 9.63 Billion by 2030

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.

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Prominent Players Analyzed in the Report:

Cosmoplast, 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.

North America has maximum market revenue and is expected to register a steady growth over the forecast period. This can be attributed to the establishment of large number of oil and gas companies in the region.

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For this report, 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

End-use Outlook (Revenue, USD Billion; 2021–2028)

Water wastewater
Oil Gas
Mining and others

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Regional Outlook (Revenue, USD Billion; 2021–2028)

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- BENELUX
- Austria
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA

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Overview of the Lightweight Reinforced Thermoplastic Pipe Market Report:

Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Lightweight Reinforced Thermoplastic Pipe industry

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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