North American Reinforced Thermoplastic Pipe Market Trends, Opportunities and Competitive Analysis 2024: A $1.1 Billion Market by 2030 with an Expected CAGR of 3.3% from 2024 to 2030 [Yaho...
Baker Hughes Company (BKR)
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Source: Yahoo! Finance
The future of the North American reinforced thermoplastic pipe market looks promising with opportunities in the oil and gas, water and wastewater, and mining & other applications. The North American reinforced thermoplastic pipe market is expected to reach an estimated $1.1 billion by 2030 with a CAGR of 3.3% from 2024 to 2030. The major drivers for this market are increasing old pipeline replacement, growing oil and gas industry, and new pipeline construction activities. Emerging trends include increasing demand for high temperature and pressure RTP pipes and increasing usage of RTP pipes in wastewater applications. Glass fiber epoxy laminate reinforced RTP is forecast to remain the largest reinforcement type segment over the forecast period due to their cost advantages and high performance in extreme conditions of high pressure and high temperature. Within this market, oil and gas will remain the largest application segment over the forecast period due to increasing old pipelin
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