Global Reinforced Thermoplastic Pipes (RTP) market will reach 7900 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/16

Reinforced thermoplastic pipes (RTP) is a generic term referring to a reliable high strength synthetic fibre (such as glass, aramid or carbon), which is a kind of high-pressure plastic compound pipe consisting of three layers. The outer layer can be white (on the ground against ultraviolet ray) or black (under the ground) based on needs; the intermediate layer is the reinforced tape compounded by the reinforced material, which may be polyester fiber or aramid fiber and so on. The pipes use many kinds of connection forms such as buckle joint, in-line coupling joint and flanged joint. The general application temperature of RTP is -42°C-+135°C, and the maximum operation pressure may reach 32MPa.RTP is mainly used for Oil & Gas applications.

At present, in developed countries, the Reinforced Thermoplastic Pipes industry is generally at a more advanced level. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Global giant manufactures mainly distributed in North America and E.U. The manufacturers in North America have a long history and unshakable status in this field. Manufacturers such as National Oilwell Varco (NKT Flexibles) and Shawcor (Flexpipe Systems) have relative higher level of product’s quality and largest market share in the North America region. As to EU, GE Oil & Gas (Wellstream) has become as a global leader.

China’s Reinforced Thermoplastic Pipes industry are still undeveloped because of the administrative monopoly in oil and gas industry.Currently, China has become a large international consumption country of oil and gas, but the production technology is relatively laggard to produce some low-end product. Although the new production lines are increasing, and the high-end product is still relying on import.

In the coming years, Reinforced Thermoplastic Pipes industry is expected to witness the highest growth rate in the Asia-Pacific region, especially in China.Meanwhile, A considerable amount of the 150,000 to 200,000 km of globally installed transport lines is over 20 years old and in need of replacement, which is an attractive entry point for new entrants.The competition will be more and more intense.Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area. In future there will be more new investment enter into the field.

The global Reinforced Thermoplastic Pipes (RTP) market is valued at 6050 million USD in 2017 and is expected to reach 7900 million USD by the end of 2025, growing at a CAGR of 3.4% between 2018 and 2025.

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