Glass fibers are expected to experience consistent growth in the global market, primarily driven by the increasing demand from various end-use industries such as construction, automotive, and aerospace. The global glass fiber market is expected to grow at a CAGR of around 5% from 2021 to 2026. The growth is mainly attributed to the increasing demand for lightweight and high-strength materials from various end-use industries. Glass fibers are widely used in the construction industry for reinforcing concrete, as well as in the manufacturing of insulation materials for buildings. The automotive industry also uses glass fibers for manufacturing lightweight parts, which improve fuel efficiency and reduce emissions. In the aerospace industry, glass fibers are used for manufacturing aircraft components that require high strength-to-weight ratios.
North America is the largest market for glass fibers, with the United States being the leading contributor to the region’s growth. Europe is also a significant market, with countries such as Germany and France being major contributors to the region’s growth. The Asia-Pacific region is expected to be the fastest-growing market, with China and India being the major contributors to the region’s growth.
Some of the key players in the glass fiber market include Owens Corning, Saint-Gobain, Nippon Electric Glass Co., Ltd., PPG Industries, Inc., and Johns Manville. These companies are investing in research and development activities to develop new glass fiber products that can meet the evolving needs of various end-use industries. They are also adopting various strategies such as partnerships, collaborations, and mergers and acquisitions to expand their market presence and increase their market share.
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Key findings of the Reinforced Thermoplastic Pipes market study:
- The report provides a present market outlook on Reinforced Thermoplastic Pipes. Additionally, the Reinforced Thermoplastic Pipes market share is anticipated to grow with a CAGR of 4.7% in the forecast period.
- Regional breakdown of the Reinforced Thermoplastic Pipes market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Reinforced Thermoplastic Pipes vendors in detail.
- Region-wise and country-wise fragmentation of the Reinforced Thermoplastic Pipes market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Reinforced Thermoplastic Pipes market.
- Reinforced Thermoplastic Pipes price, market share, and Trends forecast for assessment period 2022-2032
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Reinforced Thermoplastic Pipes market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Reinforced Thermoplastic Pipes market including
- 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
Report benefits & key questions answered
- Reinforced Thermoplastic Pipes historical market outlook: the market intelligence survey report discloses the demand and sales projections of Reinforced Thermoplastic Pipes over the last forecast period 2016 to 2020.
- Post impact of covid on the Reinforced Thermoplastic Pipes market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Reinforced Thermoplastic Pipes, thus affecting the market growth.
- Reinforced Thermoplastic Pipes market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Reinforced Thermoplastic Pipes market to assist the businesses to formulate their strategies for expansion.
- Reinforced Thermoplastic Pipes category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Reinforced Thermoplastic Pipes sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Reinforced Thermoplastic Pipes company & brand share analysis: the report discloses the competitiveness of the Reinforced Thermoplastic Pipes market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Segmentation of the RTP Market
· By Classification
-
- HDPE (High-density polyethylene)
- PA (Polyamide)
- PVDF (Polyvinylidene fluoride)
- Other
· By Reinforced Material
-
- Aramid
- Glass Fiber
- Steel
· By Pipe Size
-
- Measuring Up to 4 Inches
- Measuring 6 Inches
- Measuring Above 6 Inches
· By End Use
-
- Pipes for Oil & Gas
- On Shore Operations
- Off Shore Operations
- Chemical Industry
- Water Industry
- Other End Uses
· By Region
-
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
