Reinforced Thermoplastic Pipes (RTP) Industry Competition by Manufacturers, Share, Size and development Trends 2022


Global Reinforced Thermoplastic Pipes (RTP) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A generic term referring to a consistent high strength synthetic fiber like (glass, aramid or carbon), that is a kind of high-pressure plastic compound pipe comprising three layers is known as Reinforced thermoplastic pipes (RTP).


The factors that propel the growth of the RTP Market include increasing demand, rapid urbanization & industrialization, wide range of application and product development & technological innovations. In addition, key factors such as abrasion performance, anticorrosive, easy construction, high flexibility, high pressure resistance, high transportability, etc. significantly fuel the market growth.
Reinforced Thermoplastic Pipes (RTP) Market is classified on the basis of product type, applications, distribution channel and geography. The market is segmented by product type as non-metallic RTP, metallic RTP and others. Reinforced Thermoplastic Pipes (RTP) Market is classified on applications as gas distribution networks, oil flow lines, water injection lines, and others.  Reinforced Thermoplastic Pipes (RTP) Market is segmented by distribution channel as online stores, specialty stores and others. Reinforced Thermoplastic Pipes (RTP) Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
By geography, North America is projected to account a major share of the Reinforced Thermoplastic Pipes (RTP) Industry. The factors that attribute to the growth of this region include increasing demand, technological innovations and wide range of applications. On the other hand, Asia Pacific is expected to show fast growth rates in the RTP Market.
Some of the key players that fuel the Growth of the Reinforced Thermoplastic Pipes (RTP) Market include Airborne Oil & Gas, Aerosun, Changchun Gaoxiang Special Pipe, Cosmoplast, Flexpipe Systems, GE Oil&Gas (Wellstream), National Oilwell Varco(NKT Flexibles), Polyflow, PES.TEC, Technip, Wienerberger (Pipelife), and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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