North America Reinforced Thermoplastic Pipes Market
North America Reinforced Thermoplastic Pipes Market by Classification (HDPE, PA, PVDF), by Reinforced Material (Aramid, Glass Fiber, Steel Reinforced Thermoplastic Pipes), by Pipe Size (Up to 4 Inches, 6 Inches, Above 6 Inches), by End Use, by Country - Market Insights 2022 to 2032
Analysis of North America Reinforced Thermoplastic Pipes market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
North America Reinforced Thermoplastic Pipes Market Outlook (2022 to 2032)
The North American reinforced thermoplastic pipes market is estimated to increase at a CAGR of 3%, expected to reach a market value of US$ 4 Billion by the end of the said period of assessment, 2022 to 2032,
As of 2021, the market was valued at US$ 2.87 Billion. From 2021 to 2022, the industry is slated to document a Y-o-Y increase of 2.4%, reaching US$ 2.94 Billion.
| Report Attributes | Details |
|---|---|
| North America Reinforced Thermoplastic Pipes Market Size (2021A) | US$ 2.87 Billion |
| Estimated Market Value (2022E) | US$ 2.94 Billion |
| Forecasted Market Value (2032F) | US$ 4 Billion |
| United States Growth Rate (2022 to 2032) | 3% CAGR |
| Key Companies Profiled | Baker and Hughes; Cosmoplast; H.A.T-Flex; National Oilwell Varco; OPR Offshore Pipelines & Risers Inc.; PES.TEC; Saudi Arabian Amiantit Co.; Saudi Aramco; Shawcor; Wienerberger AG |
The high per unit cost based on weight or force bearing capability compared to typical steel bars or pre-stressing tendons significantly limits the usage of reinforced thermoplastics. The most important structural engineering issue with RTP is its poor shear strength in the transverse direction. Such qualities may result in tendon rupture.
Furthermore, reinforced thermoplastic pipes sales have increased due to increased demand in the chemical and water industries for flexible, lightweight, and corrosion-resistant pipes. Despite a decline in crude oil consumption in 2020 because to the pandemic crisis, which hindered investments in reinforced thermoplastic pipes production, demand is likely to soar throughout the forecast time.
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North American Reinforced Thermoplastic Pipes Historical Market Outlook (2017 to 2021) vs. Growth Forecast (2022 to 2032)
The global market for reinforced thermoplastic pipes (RTP) was assessed at US$ 2.87 Billion in 2021, with a 2% growth rate from 2017 to 2021. Increased oil output and a developing chemical sector are expected to improve sales across North America in the coming years.
According to Fact.MR's analysis, the market is expected to reach US$ 4 Billion with a compound annual growth rate of 3% from 2022 to 2032. Because of the many qualities they possess, reinforced thermoplastic pipes are gaining popularity across a wide range of end-use sectors.
Some of the main features to highlight include heat resistance, flexibility, thermal insulation, high-pressure resistance, lightweight, and anticorrosion. All of these characteristics indicate that the North America reinforced thermoplastic pipes market will rise rapidly.
The usage of reinforced thermoplastic pipes is increasing among oil and gas firms. By employing this method, they are preventing the loss of oil and gas that is commonly caused by pipeline corrosion or cracking. Aside from that, the industry is boosting its usage of reinforced thermoplastic pipes due to their low cost.
As a result, the North America reinforced thermoplastic pipes market is gaining prominence in the oil and gas industry. North America is likely to maintain its worldwide market dominance, with a market share of more than 30%.
Demand for Reinforced Thermoplastic Pipes Influenced by the Oil and Gas Industry
Oil and gas companies were among the first to experiment with reinforced thermoplastic pipes applications in large-scale production processes. Extensive investments in oil and gas projects have been made throughout areas during the last half-decade. Irreplaceable and widely utilized refined products have increased demand for oil and gas across areas, impacting demand for reinforced thermoplastic pipes.
According to the IEA, projected investments in upstream oil and gas have been reduced as a result of the drop in oil prices and demand. However, long-term market circumstances look to be mostly positive.
The capacity of oil pipelines to survive harsh circumstances improves their longevity, and the ability to regulate operating costs, lead time, and compliance, simplicity of installation, maintenance expenses, and total costs of ownership has made it a popular choice in the oil and gas business throughout the years.
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Rise in Popularity of Electric Cars to be a Key Market Trend
Reinforced thermoplastics technology brings up new possibilities for the developing electric car sector. Glass fiber composite material has met the consistent need for lightweight material with higher tensile strength.
In addition, the composite material has been widely employed as load-bearing structures in engineering sectors such as aviation, marines, automobile, and building construction, creating enormous traction for reinforced thermoplastics across the world.
Reinforced thermoplastic pipes have been recognized as a standard alternative option to steel for oilfield flow line applications in order to minimize pipeline corrosion costs in industries during the last few years. This has increased the global market traction for RTP.
RTPs have several applications in the oil and gas sector, including gas distribution networks and water channels, where they can minimize operational costs. Furthermore, RTPs provide ultra-low permeability and increased material strength. They are extremely resistant to corrosion, which increases their longevity.
Country-wise Insights
Why is the market for Reinforced Thermoplastic Pipes thriving in the United States?
Reinforced thermoplastic pipes account for 30% of the market in the United States. Key growth drivers are increased pipeline replacement, developing oil and gas sector, and an emphasis on boosting output by increasing well depths and exploring for new reserves.
Furthermore, there are several chances in the water & wastewater and mining industries. In the future years, the market is estimated to develop at a CAGR of roughly 3% between 2022 and 2032. North America dominated the RTP market in 2019 with a valuation of US$ 81 Mn, owing to the shale gas effect and massive continuing expansions in the United States.
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Category-wise Insights
Why are Glass Fiber-Reinforced Thermoplastic Pipes Gaining Popularity?
According to Fact.MR, glass fibres are expected to increase at a constant rate among other reinforcing materials, with a CAGR of around 5%. The high tensile and flexural strength of this material is boosting its demand in extremely corrosive applications such as sour fluids and gases.
Glass fiber reinforced thermoplastic pipes are widely employed in the marine, aerospace, automotive and construction sectors due to their improved mechanical qualities.
Which Segment Dominates the Reinforced Thermoplastic Pipe Market Based on Classification?
The market is divided into HDPE (High-density polyethylene) Reinforced Thermoplastic Pipes, PA (Polyamide) Reinforced Thermoplastic Pipes, PVDF (Polyvinylidene fluoride) Reinforced Thermoplastic Pipes and Other Reinforced Thermoplastic Pipes.
According to a Reinforced thermoplastic pipes market analysis, the HDPE (High-density polyethylene) sector is predicted to outperform all others. The key reason for this segment's rapid growth is its cross-linked structure, which makes it robust and temperature resistant. Other factors contributing to high-density polyethylene's high demand are its flexibility, light weight, and ease of weldability.
Which End-Use Industry Dominates the Reinforced Thermoplastic Pipes Market?
The Reinforced thermoplastic pipes market is divided into four sections based on end-use industry for Oil & Gas, On Shore Operations, Off Shore Operations, Chemical Industry, Water Industry and Other End Uses. According to current developments in Reinforced thermoplastic pipes, the oil & gas market is the best performing segment in this category.
Reinforced thermoplastic pipes are used by oil & gas refineries to transport oil and gas to end consumers through various distribution methods. These include water injection pipelines, effluent water disposal, temporary surface lines, and water transport and distribution, all of which increase reinforced thermoplastic pipes utilization.
Competitive Landscape: Top Companies in Reinforced Thermoplastic Pipes Market
The North American reinforced thermoplastic pipes market is huge, and the product's applications in several sectors are expanding. As a result, producers find the market to be a goldmine. Each important participant has a different USP and strategy for launching a product into the market. To grow their operations, prominent manufacturers rely on strategies such as new product releases and mergers and acquisitions.
Fact.MR has provided detailed information about the price points of key manufacturers in the Reinforced Thermoplastic Pipes market positioned across countries, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance :
- Baker Hughes announced the debut of their next-generation onshore composite flexible pipe in January 2021 to solve the corrosion and cost of ownership concerns associated with traditional steel pipe in the energy, oil and gas, and industrial sectors. This product is flexible and lightweight, making it a more cost-effective and ecologically friendly alternative to resource-intensive onshore steel pipes.
Key Segments Covered in the North American Reinforced Thermoplastic Pipes Market
-
By Classification :
- HDPE (High-density polyethylene)
- PA (Polyamide)
- PVDF (Polyvinylidene fluoride)
- Other
-
By Reinced Material :
- Aramid
- Glass Fiber
- Steel
-
By Pipe Size :
- Measuring Up to 4 Inches
- Measuring 6 Inches
- Measuring Above 6 Inches
-
By End-Use :
- Oil & Gas
- On Shore Operations
- Off Shore Operations
- Chemical Industry
- Water Industry
- Other End Uses
-
By Country :
- United States
- Canada
- Mexico
Table of Content
- 1. North America Market - Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Market Background
- 5. North America Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 6. North America Market - Pricing Analysis
- 7. North America Market Demand (in Value or Size in US$ Mn) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Classification
- 8.1. HDPE
- 8.2. PA
- 8.3. PVDF
- 8.4. Others
- 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Reinforced Material
- 9.1. Aramid
- 9.2. Glass Fiber
- 9.3. Steel
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Pipe Size
- 10.1. Up to 4 Inches
- 10.2. 6 Inches
- 10.3. Above 6 Inches
- 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
- 11.1. Oil and Gas
- 11.1.1. On Shore
- 11.1.2. Off Shore
- 11.2. Chemical
- 11.3. Water Distribution
- 11.4. Others
- 11.1. Oil and Gas
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Country
- 12.1. U.S
- 12.2. Canada
- 12.3. Mexico
- 13. U.S Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Canada Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Mexico Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Baker and Hughes
- 17.2. Cosmoplast
- 17.3. H.A.T-Flex
- 17.4. Master Tech Company (MTC)
- 17.5. National Oilwell Varco
- 17.6. OPR Offshore Pipelines & Risers Inc.
- 17.7. PES.TEC
- 17.8. Shawcor
- 17.9. Wienerberger AG
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2017 to 2021
Table 2. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2022 to 2032
Table 3. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2017 to 2021
Table 4. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2022 to 2032
Table 5. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2017 to 2021
Table 6. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2022 to 2032
Table 7. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2017 to 2021
Table 8. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2022 to 2032
Table 9. North America Value (US$ Mn) and Volume (Kilo Meters) Analysis, by Country, 2017 to 2021
Table 10. North America Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Country, 2022 to 2032
Table 11. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2017 to 2021
Table 12. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2022 to 2032
Table 13. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2017 to 2021
Table 14. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2022 to 2032
Table 15. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2017 to 2021
Table 16. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2022 to 2032
Table 17. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2017 to 2021
Table 18. U.S Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2022 to 2032
Table 19. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2017 to 2021
Table 20. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2022 to 2032
Table 21. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2017 to 2021
Table 22. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2022 to 2032
Table 23. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2017 to 2021
Table 24. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2022 to 2032
Table 25. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2017 to 2021
Table 26. Canada Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2022 to 2032
Table 27. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2017 to 2021
Table 28. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Classification, 2022 to 2032
Table 29. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2017 to 2021
Table 30. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Reinforced Material, 2022 to 2032
Table 31. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2017 to 2021
Table 32. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By Pipe Size, 2022 to 2032
Table 33. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2017 to 2021
Table 34. Mexico Market Value (US$ Mn) and Volume (Kilo Meters) Analysis, By End Use, 2022 to 2032
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List Of Figures
Figure 1. North America Market Quarterly Sales Value (US$ Mn) 2021
Figure 2. North America Market Volume (Kilo Meters) and Value (US$ Mn) Analysis, 2017, 2022 and 2032
Figure 3. North America Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2017 to 2021
Figure 4. North America Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2022 to 2032
Figure 5. North America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 6. North America Market Incremental $ Opportunity, 2022 to 2032
Figure 7. North America Market Share by Classification – 2022 & 2032
Figure 8. North America Market Attractiveness Analysis by Classification, 2022 to 2032
Figure 9. North America Market Y-o-Y Growth Projections by Classification, 2022 to 2032
Figure 10. North America Market by HDPE Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 11. North America Market by PA Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 12. North America Market by PVDF Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 13. North America Market by Others Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 14. North America Market Share by Reinforced Material– 2022 & 2032
Figure 15. North America Market Attractiveness Analysis by Reinforced Material, 2022 to 2032
Figure 16. North America Market Y-o-Y Growth Projections by Reinforced Material, 2022 to 2032
Figure 17. North America Market by Aramid Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 18. North America Market by Glass Fiber Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 19. North America Market by Steel Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 20. North America Market Share by Pipe Size – 2022 & 2032
Figure 21. North America Market Attractiveness Analysis by Pipe Size, 2022 to 2032
Figure 22. North America Market Y-o-Y Growth Projections by Pipe Size, 2022 to 2032
Figure 23. North America Market by Up to 4 Inches Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 24. North America Market by 6 Inches Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 25. North America Market By Above 6 Inches Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 26. North America Market Share by End Use – 2022 & 2032
Figure 27. North America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 28. North America Market Y-o-Y Growth Projections by End Use, 2022 to 2032
Figure 29. North America Market by Oil & Gas Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 30. North America Market by Chemical Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 31. North America Market by Water Distribution Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 32. North America Market by Others Market Value (US$ Mn), Volume (Kilo Meters) and Forecast, 2017 to 2032
Figure 33. North America Market Share by Country – 2022 & 2032
Figure 34. North America Market Attractiveness Index by Country, 2022 to 2032
Figure 35. North America Market Y-o-Y Growth Projections by Country, 2022 to 2032
Figure 36. U.S Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2017 to 2021
Figure 37. U.S Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2022 to 2032
Figure 38. U.S Market Share Analysis by Country, 2022 & 2032
Figure 39. U.S Market Share Analysis by Classification, 2022 & 2032
Figure 40. U.S Market Attractiveness Analysis by Classification, 2022 to 2032
Figure 41. U.S Market Y-o-Y Growth Projection by Classification, 2022 to 2032
Figure 42. U.S Market Share Analysis by Reinforced Material, 2022 & 2032
Figure 43. U.S Market Attractiveness Analysis by Reinforced Material, 2022 to 2032
Figure 44. U.S Market Y-o-Y Growth Projection by Reinforced Material, 2022 to 2032
Figure 45. U.S Market Share Analysis by Pipe Size, 2022 & 2032
Figure 46. U.S Market Attractiveness Analysis by Pipe Size, 2022 to 2032
Figure 47. U.S Market Y-o-Y Growth Projection by Pipe Size, 2022 to 2032
Figure 48. U.S Market Share Analysis By End Use, 2022 & 2032
Figure 49. U.S Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 50. U.S Market Y-o-Y Growth Projection by End Use, 2022 to 2032
Figure 51. Canada Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2017 to 2021
Figure 52. Canada Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2022 to 2032
Figure 53. Canada Market Share Analysis by Classification, 2022 & 2032
Figure 54. Canada Market Attractiveness Analysis by Classification, 2022 to 2032
Figure 55. Canada Market Y-o-Y Growth Projection by Classification, 2022 to 2032
Figure 56. Canada Market Share Analysis by Reinforced Material, 2022 & 2032
Figure 57. Canada Market Attractiveness Analysis by Reinforced Material, 2022 to 2032
Figure 58. Canada Market Y-o-Y Growth Projection by Reinforced Material, 2022 to 2032
Figure 59. Canada Market Share Analysis by Pipe Size, 2022 & 2032
Figure 60. Canada Market Attractiveness Analysis by Pipe Size, 2022 to 2032
Figure 61. Canada Market Y-o-Y Growth Projection by Pipe Size, 2022 to 2032
Figure 62. Canada Market Share Analysis by End Use, 2022 & 2032
Figure 63. Canada Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 64. Canada Market Y-o-Y Growth Projection by End Use, 2022 to 2032
Figure 65. Mexico Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2017 to 2021
Figure 66. Mexico Market Value (US$ Mn), Volume (Kilo Meters) Forecast and Analysis, 2022 to 2032
Figure 677. Mexico America Market Share Analysis by Classification, 2022 & 2032
Figure 68. Mexico America Market Attractiveness Analysis by Classification, 2022 to 2032
Figure 69. Mexico America Market Y-o-Y Growth Projection by Classification, 2022 to 2032
Figure 70. Mexico Market Share Analysis by Reinforced Material, 2022 & 2032
Figure 71. Mexico Market Attractiveness Analysis by Reinforced Material, 2022 to 2032
Figure 72. Mexico Market Y-o-Y Growth Projection by Reinforced Material, 2022 to 2032
Figure 73. Mexico Market Share Analysis By Pipe Size, 2022 & 2032
Figure 74. Mexico Market Attractiveness Analysis by Pipe Size, 2022 to 2032
Figure 75. Mexico Market Y-o-Y Growth Projection by Pipe Size, 2022 to 2032
Figure 76. Mexico Market Share Analysis By End Use, 2022 & 2032
Figure 77. Mexico Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 78. Mexico Market Y-o-Y Growth Projection by End Use, 2022 to 2032
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- FAQs -
What is the expected North America reinforced thermoplastic pipes market scenario in 2022?
The value of North American reinforced thermoplastic pipes market is estimated to be worth US$ 2.94 Billion in 2022.
How far is the Europe demand expected to reach over the forecast period?
The demand is anticipated to reach US$ 4 Billion by 2032 end.
What was the last 5-year CAGR for the demand in the North America reinforced thermoplastic pipes market?
During 2017-2021, North American reinforced thermoplastic pipes market grew at 2% CAGR.
Who are the prominent players in the North American Reinforced Thermoplastic Pipes Market?
Some of the prominent players in Reinforced Thermoplastic Pipes market are Baker and Hughes, Cosmoplast, H.A.T-Flex, National Oilwell Varco, OPR Offshore Pipelines & Risers Inc., PES.TEC, Saudi Arabian Amiantit Co., Saudi Aramco, Shawcor and Wienerberger
Which is the leading country in the Reinforced Thermoplastic Pipes Market?
Reinforced thermoplastic pipes account for 30% of the market in the United States.
Which Reinforced Thermoplastic Pipes type contributes maximum share in Reinforced Thermoplastic Pipes Sales?
Glass fibres are expected to increase at a constant rate among other reinforcing materials, with a CAGR of around 5%.
North America Reinforced Thermoplastic Pipes Market