According to a new market report published by Lucintel, the growth of the North American reinforced thermoplastic pipe market looks promising with opportunities in the oil and gas, water and wastewater, and mining industries. The North American reinforced thermoplastic pipe market is expected to grow with a CAGR of 2.6% from 2020 to 2025. The major drivers for this market are increasing old pipeline replacement, growing oil and gas industry, and new pipeline construction activities.
In this market, glass fiber epoxy laminate, dry glass fiber, steel, and aramid are the major reinforcements type used with thermoplastic resin to manufacture RTP. Lucintel forecasts that glass fiber epoxy laminate reinforced thermoplastic pipe will remain the largest segment over the forecast period due to their cost advantages and high performace in extreme conditions of high pressure and high temperature.
Within this market, oil and gas will remain the largest end use segment over the forecast period due to increasing replacement of old pipelines with RTP.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high temperature and pressure RTP and increasing usage of RTP in wastewater applications. Baker Hughes, NOV, TechnipFMC, Shawcor, Wienerberger, Future Pipe Industries, FlexSteel, and Magma are among the major suppliers in the North American reinforced thermoplastic pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the North American reinforced thermoplastic pipe market by end use, reinforcement type, diameter, pressure rating, product type, and country. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the North American Reinforced Thermoplastic Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the North American reinforced thermoplastic pipe market by end use, reinforcement type, diameter, pressure rating, product type, and country as follows:
By End Use [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:
• Oil and Gas
• Water and Wastewater
• Mining and Others
By Reinforcement Type [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:
• Glass Fiber Epoxy Laminate-Reinforced Thermoplastic Pipes
• Dry Glass Fiber-Reinforced Thermoplastic Pipes
• Steel-Reinforced Thermoplastic Pipes
• Aramid Tape-Reinforced Thermoplastic Pipes
By Diameter [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:
• Small Diameter Pipes
• Large Diameter Pipes
By Pressure Rating [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:
• Low Pressure Pipes
• High Pressure Pipes
By Product Type [Value ($ Million) and Volume (Thousand Meters) for 2014 – 2025]:
• Metallic Reinforced Thermoplastic Pipes
• Non-Metallic Reinforced Thermoplastic Pipes
By Country [Value ($ Million) for 2014 – 2025]:
• United States
This research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at email@example.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the North American reinforced thermoplastic pipe market by end use (oil & gas, water & wastewater, and mining & others), reinforcement type (glass fiber epoxy laminate RTP, dry glass fiber RTP, steel RTP, and aramid tape reinforced thermpopastic pipes), diameter (small diameter and large diameter pipes), pressure rating (low pressure and high pressure pipes), and product type (metallic and non-metallic reinforced thermoplastic pipes)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which countries will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?