QYResearch: Global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 7149 Million USD by 2022 ●Research Report ● Market Survey and Research ●Industry Analysis
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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.
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According to QYResearch, The global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 7149 Million USD by 2022 from 5860 Million USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.37% during the analysis period, 2016-2022. The global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 9198 Km by 2022 from 7111 Km in 2016, registering a Compounded Annual Growth Rate (CAGR) of 4.38% during the analysis period, 20162022. qyresearchglobal.com
The key consumption markets locate at developed countries. The EU has reached a market size of approximately 2729 million USD in 2016 and takes the market share of 46.37%, followed by North America with 38.97%. 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. Although Reinforced Thermoplastic Pipes brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
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