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The research study by Fact.MR is bullish on the future prospects of reinforced thermoplastic pipes market, and offers an in-depth analysis on all the crucial aspects influencing revenue growth. Sustained demand from oil and gas industry and rising proclivity for plastic pipes over metallic pipes continue to be the preeminent drivers of the reinforced thermoplastic pipes market.
Top 6 Players Account for Over 50% of the Revenue Share, Business Expansion Remains the Focal Point
As per the research study, the reinforced thermoplastic pipes represent a moderately consolidated landscape and the top 6 players hold over 50% of the revenue share. With a global presence, the major focus of these companies is on diversification of the product lines and venturing into strategic collaborations and acquisitions.
The report also finds that the key focus of the manufacturers is to efficiently cater to rising demand by ensuring continuous supply of efficient products with enhanced durability and functionality. However, standards and certifications for enhancing the product visibility can hurt the prospects of unorganized players.
High failure rates of piping infrastructure in the high-pressure applications, either due to the internal or external corrosion, has led manufacturers to explore new avenues of reinforced thermoplastic pipes offerings. Recuperating prices of oil & gas coupled with rising demand from industries such as chemicals and polymer & plastics are the major demand levers of reinforced thermoplastic pipes.
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Fact.MR’s report analyzes all the paramount prospects, ranging from dynamic end-user specifications to evolving manufacturing framework, to gauge widespread adoption of reinforced thermoplastic pipes across diverse industry verticals. Rising demand from onshore applications across the globe has also been identified as one of the prominent factors boosting the deployment of reinforced thermoplastic pipes.
Growing Prevalence of Shale Drilling Activities to Boost Sales of Reinforced Thermoplastic Pipes
As the report, growing popularity of shale drilling activities across key regions, such as U.S. and Canada, will bode well for the growth of reinforced thermoplastic pipes market. Moreover, the study also unveils that the manufacturers of reinforced thermoplastic pipes will gain high-profit margins with on-going projects on replacement of old and worn-out pipes, primarily across gas distribution companies in the key regions.
Need to integrate heat-resistant and strong synthetic fibers is supplementing the sales of aramid reinforced thermoplastic pipes, with a market valuation of over US$ 140 Mn by 2018-end. As per the Fact.MR report, reinforced thermoplastic pipes with diameter up to 4" are being increasingly sought across multiple applications, followed by 5" & 6". Oil and gas industry remains the largest end-user segment in terms of demand for reinforced thermoplastic pipes, driven by the soaring production rates and structural rehabilitation practices, finds the Fact.MR report.
Cost Reduction and Enhanced Reliability- Key USPs of Reinforced Thermoplastic Pipes
The popularity of reinforced thermoplastic pipes for medium to high-pressure applications has been gaining significant prominence, superseding the vigor of conventional metal pipes. This surge in appeal of reinforced thermoplastic pipes can be attributed to their excellent chemical resistance and high performance, and cost-effectiveness.
On the back of myriad benefits, end-users across a range of industries are using reinforced thermoplastic pipes. The concerns apropos of pipeline reliability are likely to pick pace, which is expected to significantly propel the demand for reinforced thermoplastic pipes in the forthcoming years. Fast and easy installation, as compared to that of conventional pipes, is considerably boosting the popularity of reinforced thermoplastic pipes across multiple industry spaces.
Competitive Landscape
The competitive landscape in the reinforced thermoplastic pipes market profiles the prominent players operating in the reinforced thermoplastic pipes market space. Few of the profiled players in the reinforced thermoplastic pipes market report include Shawcor Ltd., Pipelife Nederland B.V., CGH – Belgium, Aerosun Corporation, Polyflow LLC., Cosmoplast Industrial Company, and MFX DO BRASIL EQUIPAMENTOS DE PETROLÉO LTDA.
Shawcor Ltd., a key player of the reinforced thermoplastic pipes market, operates via two reportable business segments namely Pipeline and Pipe Services and Petrochemical & Industrial. The company acquired Tubular Inspection and Management ("TIM") and Global Poly businesses operated by Flint Field Services Ltd. in 2015, in a bid to extend its current service offerings in composite production systems.
Cosmoplast Industrial Company, a leading player of the reinforced thermoplastic pipes market, manufactures RTP at its joint venture facility along with Technip Coflexlite at its Abu Dhabi faculty since 2004. Some of the pipeline system offerings of the company include uPVC pipe system, HDPE pipe system, and Plumbing systems.
Polyflow LLC., a key player of the reinforced thermoplastic pipes market, opening of a sales office in the Eastern Hemisphere in 2018, in a bid to support an expanding international client base.
Table of Content:
- Executive Summary
1.1 Market Overview
1.2 Market Analysis
1.3. Market Opportunity Analysis - Market Introduction
2.1. Market Definition
2.2. Market Taxonomy - Associated Industry Outlook and Performance
3.1 Parent Market Overview
3.1.1. Global Competitive Pipes Market
3.1.2. Global Oil & Gas Pipes Market
3.2. Global Total Natural Gas Proved Reserves
3.3. Total Proved reserves of Crude Oil
3.4. U.S. Historic & Current Oil & Gas production scenario
3.5. Crude Oil Price Movements
3.5.1. WTI price movements
3.5.2. Brent price movements - Market Dynamics & Associated Indicators
4.1. Key Growth Drivers and Impact Analysis by Region
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Trends
4.2. Value Chain Analysis
4.2.1. Key Reinforced Thermoplastic Pipes manufacturers
Continued…………
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