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Reinforced Thermoplastic Pipes Market Projected to Gain Significant Value by 2028

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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.

Full View of Report Description: https://datainsightspartner.com/report/reinforced-thermoplastic-pipes-market/768

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