Sales of Reinforced Thermoplastic Pipes Made from High-density Polyethylene will hit US$ 321 Mn by 2031

Reinforced Thermoplastic Pipes Sales to Increase 1.6X by 2031 amid Surging Demand in Oil & Gas Industry The study conducted on the reinforced thermoplastic pipes market by Fact.MR offers insights into prominent drivers and restraints impacting the pace of market growth. The report highlights key factors driving the demand for reinforced thermoplastic pipes in terms of classification, reinforced material, pipe size, and end use A substantial rise in investment has been registered in the oil...

A substantial rise in investment has been registered in the oil & gas industry across various countries for establishing new projects over the last five years. Extensive use of refined products such as petroleum, diesel, CNG, and others have fueled the demand for oil & gas, consequently, propelling the global demand for reinforced thermoplastic pipes.

However, the recessionary downswing witnessed across various industries due to the outbreak of COVID-19 epidemic stunted growth to an extent in 2020. The shortage of raw material and cessation of refineries due to the regulatory lockdown has hampered sales. Nevertheless, with the ease in restrictions and lockdown, demand is estimated to rebound by Q4 2021.

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North America is anticipated to remain one of the leading markets for reinforced thermoplastic pipes. Owing to the increasing investment in the oil & gas industry for the exploration of new reserves, the region is expected to account for more than 30% of the global market share by 2031.

"Reinforced thermoplastic pipes are increasingly being used as a standard alternative solution for reducing pipeline corrosion costs associated with steel for oilfield flowline applications. This will create impetus for the market growth over the coming years," says the Fact.MR analyst.

Key Takeaways from Reinforced Thermoplastic Pipes Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

Leading manufacturers in the reinforced thermoplastic pipes market are focusing on new product launches and engaging in strategic agreements and partnerships for business expansion. For instance,

Some of the leading market players operating in the reinforced thermoplastic pipes market profiled by Fact.MR are:

More Valuable Insights on Reinforced Thermoplastic Pipes Market

Fact.MR, in its new report, offers an unbiased analysis of the global reinforced thermoplastic pipes market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in reinforced thermoplastic pipes market with detailed segmentation:

Key Questions Covered in the Reinforced Thermoplastic Pipes Market Report 

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HDPE Pipes Market- HDPE pipes can also be used to deliver drinking water. Water shortages are affecting local businesses and community living conditions in a number of places throughout the world. The respective governments are undertaking programs to upgrade their wastewater infrastructure and drinking water systems, which will inevitably boost HDPE pipe growth in the next years. The HDPE pipes market is expected to rise due to the ongoing demand for water infrastructure in all emerging regions. As developing countries strive actively to develop their sewage systems, the demand for HDPE pipes has surged as well.

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