Global Reinforced Thermoplastic Pipes Market size is projected to be valued $XX Billion by 2024; with a CAGR of XX% from 2017 to 2025. Reinforced thermoplastic pipes also known as flexible composite pipe (FCP) are anticorrosive, provide heat resistance & thermal insulation, high pressure resistance, and easy for construction. These are the major factors supplementing the growth of the market during the forecast period. Important applications of reinforced thermoplastic pipes have been classified as water injection lines, gas distribution networks, and oil flow lines, and among others.
Increasing applications of RTP pipes in various end use industries, growing offshore oil & gas activities worldwide, and growing acceptance of RTP pipes are the factors driving the growth of the reinforced thermoplastic pipes market. However, high cost may hinder the growth of the market. Moreover, the potential of the appearance of new players, and emerging markets might provide with several growth opportunities in the forecasted year.
The global reinforced thermoplastic pipes market is segmented on the product type, application, and geography. The market is segmented by type as non-metallic RTP, and metallic RTP. Further, the market is segmented by application as oil flow lines, water injection lines, gas distribution networks, and other applications.
Based on geography, global reinforced thermoplastic pipes market is segmented into North America, Europe, Asia Pacific, Rest of the World (RoW) North America is further bifurcated in U.S., and Rest of North America whereas Europe segment consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Polyflow, LLC, PES.TEC, Aerosun Corporation, National Oilwell Varco, GE Oil & Gas, Shawcor, Airborne Oil & Gas, Wienerberger, Cosmoplast, and Changchun GaoXiang Special pipe Co Ltd., among others.
The report covers
Scope of the Global Reinforced Thermoplastic Pipes Market
Product Type Segments