Get In Touch

Global Reinforced Thermoplastic Pipes Market: Overview

Reinforced thermoplastic pipes are high-pressure pipes made of high-strength synthetic fiber. They contain three layers. The outer layer is generally white or black in color and provides protection against UV rays. The intermediate layer consists of reinforced tape, which is compounded by reinforced material such as polyester and aramid fiber. The third layer is a protective layer. Reinforced thermoplastic pipes are also known as flexible composite pipes. They offer properties such as thermal insulation, heat resistance, anticorrosion, high pressure resistance, and flexibility. These factors are projected to drive the reinforced thermoplastic pipes market during the forecast period.

Global Reinforced Thermoplastic Pipes Market: Drivers

The reinforced thermoplastic pipes market is driven by their increasing application in end-use industries such as transportation, expansion in the offshore oil & gas industry, and rise in adoption of these pipes on a large scale. Several industries use metal pipes that are prone to reaction with fluids and undergo corrosion. These pipes can cause economic losses. Therefore, governments and government agencies are imposing strict regulations on the industrial sector regarding the use of metal pipes. This is boosting the reinforced thermoplastic pipes market. However, the high cost of reinforced thermoplastic pipes and their installation is likely to hinder the market in the coming years.

Reinforced thermoplastic pipes are used in oil & gas flow lines, water or fluid distribution networks, water injection lines, and other applications. In the oil & gas industry, a major loss of oil and gas occurs due to the fracture and corrosion of pipelines. Hence, to avoid these losses, the industry has switched to cost-effective pipes that can sustain high-pressure corrosive environments. Reinforced thermoplastic pipes are also preferred in water injection lines and distribution networks.

Based on inner layer material, the reinforced thermoplastic pipes market can be segmented into polyamide, polyethylene, and others. In terms of reinforced material,  the reinforced thermoplastic pipes market can be classified into aramid, steel, and others. The inner layer provides thermal resistance to pipes and prevents corrosion and cracks.

In terms of geography, the global reinforced thermoplastic pipes market can be segmented into Latin America, North America, Eastern Europe, Asia Pacific, and Middle East & Africa. North America dominates the reinforced thermoplastic pipes market, closely followed by Europe and Asia Pacific. Technological innovations and a wide range of applications are driving demand for reinforced thermoplastic pipes. The dominance of North America region is attributable to the rising number of end-user industries such as oil & gas and transportation. However, the reinforced thermoplastic pipes market in Latin America is anticipated to expand at a sluggish pace as it experiences saturation. The demand for reinforced thermoplastic pipes in Middle East & Africa is high due to the presence of a robust oil & gas industry. The demand is expected to rise over the forecast period.

Global Reinforced Thermoplastic Pipes Market: Key Players

Some of the key players operating in the global reinforced thermoplastic pipes are Wienerberger AG, Bekaert, TechnipFMC plc., Amiantit Group, Cosmoplast Industrial Company (LLC), Magma Global Limited, Pestec, Wellstream Flexibles (General Electric), Aerosun Corporation, Airborne Oil & Gas BV, CGH Belgium, National Oilwell Varco (NKT Flexibles), Shawcor (Flexpipe Systems), Airborne Oil & Gas, Polyflow, LLC, Changchun GaoXiang Special pipe, and Harwal Group of Companies. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Reinforced Thermoplastic Pipes Market

Pre Book