The global lightweight Reinforced Thermoplastic Pipe (RTP) market is expected to reach a market size of USD 9.63 Billion at a rapid CAGR of 6.8% during the forecast period, according to the latest analysis by Emergen Research. The rapid growth in the market can be attributed to the rise in the usage of RTPs in the oil and gas sector. Rapid and continuous innovations and technological advancements in the field of lightweight RTP also supports the rapid growth of the market. Increasing demand for pipes with superior temperature and pressure resistance is also a driving factor for growth of the market. Advantages of RTPs such as durability, corrosion resistance, low maintenance and low cost are the key factors contributing to the growth of the market. Being lightweight, RTPs require less man power and time for installation. This reduces the installation cost.

lightweight reinforced thermoplastic pipe (RTP) market Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the along with crucial statistical data lightweight reinforced thermoplastic pipe (RTP) market. The research study provides historical data from 2017 to 2019 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies

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lightweight reinforced thermoplastic pipe (RTP) market report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied :

• lightweight RTP market are Cosmoplast, H.A.T-Flex, Saudi Aramco National Oilwell Varco, OPR Offshore Pipelines Risers Inc., Saudi Arabian Amiantit Co., Shawcor and Wienerberger AG, Baker and Hughes, and PES.TEC.

• Based on regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show significant growth owing to recent advancements and rising investments in the RD sector.

Emergen Research has segmented global lightweight reinforced thermoplastic pipe (RTP) market based on product type, reinforcement type, end-use, and region:  

• Product type Outlook (Revenue, USD Billion; 2021–2028)
  • Metallic
  • Non-metallic
• Reinforcement Type Outlook (Revenue, USD Billion; 2021–2028)
  • Dry Glass Fiber RTP
  • Aramid Tape RTP
  • Glass Fiber Epoxy Laminate RTP
  • Steel RTP
• End-use Outlook (Revenue, USD Billion; 2021–2028)
  • Water wastewater
  • Oil Gas
  • Mining and others

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Radical Highlights of the lightweight reinforced thermoplastic pipe (RTP) market Report:

• Comprehensive overview of lightweight reinforced thermoplastic pipe (RTP) market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and RD advancements lightweight reinforced thermoplastic pipe (RTP) market information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations

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