Global Reinforced Thermoplastic Pipes (RTP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Reinforced Thermoplastic Pipes (RTP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Reinforced thermoplastic pipe (RTP) is a generic term referring to a reliable high strength synthetic fibre, initially developed in the early 1990s by Wavin Repox, Akzo Nobel and by Tubes d'Aquitaine from France, who developed the first pipes reinforced with synthetic fibre to replace medium pressure steel pipes in response to growing demand for non-corrosive conduits for application in the onshore oil and gas industry, particularly in the Middle East.

Market Overview:

The latest research study on the global Reinforced Thermoplastic Pipes (RTP) market finds that the global Reinforced Thermoplastic Pipes (RTP) market reached a value of USD 908.89 million in 2022. It’s expected that the market will achieve USD 1334.01 million by 2028, exhibiting a CAGR of 6.6% during the forecast period.

Region Overview:

In 2022, the share of the Reinforced Thermoplastic Pipes (RTP) market in North America stood at 38.57%.

Company Overview:

Shawcor (Flexpipe Systems) is one of the major players operating in the Reinforced Thermoplastic Pipes (RTP) market, holding a share of 14.55% in 2023.

Shawcor (Flexpipe Systems)

ShawCor Ltd. is an energy services company focusing on technology-based products and services. The Company serves exploration and production, pipeline, petrochemical, and industrial markets around the world. ShawCor operates through its partial interest in Bredero-Shaw, and through its OMSCO, Guardian, Shaw Pipeline Services, Canusa-CPA, DSG-Canusa, and ShawFlex business units.

Technip

TechnipFMC is the world leader in the design and manufacture of flexible pipe. A flexible pipe is made up of several different layers. The main components are leakproof thermoplastic barriers and corrosion-resistant steel wires.

Segmentation Overview:

By type, Non-metallic RTP segment accounted for the largest share of market in 2022.

Non-metallic RTP

RTP pipe installations are very flexible and include buried pipe sections and above ground lay downs sections. Non-metallic RTP p reinforcements are mostly aramid, glass fiber, polyester, carbon fiber, etc. Low installation cost and easy transportation.

Metallic RTP

Metallic RTP reinforcements contain a metallic composition that is relatively expensive compared to non-metallic RTP pipes. Metallic RTP is used in high pressure and high temperature plants.

Application Overview:

By application, the Oil flow lines segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Reinforced Thermoplastic Pipes (RTP) market covered in Chapter 3:

National Oilwell Varco(NKT Flexibles)
Airborne Oil & Gas
Changchun GaoXiang Special pipe
Technip
PES.TEC
Shawcor(Flexpipe Systems)
Wienerberger(Pipelife)
Polyflow, LLC
Cosmoplast
Aerosun Corporation
GE Oil & Gas (Wellstream)

In Chapter 4 and Chapter 14.2, on the basis of types, the Reinforced Thermoplastic Pipes (RTP) market from 2018 to 2029 is primarily split into:

Non-metallic RTP
Metallic RTP

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Reinforced Thermoplastic Pipes (RTP) market from 2018 to 2029 covers:

Oil Flow Lines
Gas Distribution Networks
Water Injection Lines
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)