Report Description

The Saudi Arabia Reinforced Thermoplastic Pipes Market is expected to increase during the forecast period owing to several government schemes such as Vision 2030 to emphasize on developing industries such as water and oil & gas industry coupled with the shift in consumer preference from steel pipes to plastic pipes for various industrial uses as it is a more economical option. Such factors are likely to increase the demand for reinforced thermoplastic pipes during the forecast period.

Reinforced Thermoplastic Pipes or RTP pipes is a generalized term that describes pipe systems that are reinforced with high-strength composite fibres such as glass, carbon, or aramid, or high strength steel wire. Traditional pipelining materials can be replaced with reinforced thermoplastic pipes, which have three fundamental layers: an exterior thermoplastic jacket, a continuous helically wrapped high-strength fibre reinforcement, and a thermoplastic liner. Moreover, in response to the rising demand for non-corrosive conduits for use in the onshore oil and gas industry, it is designed to replace medium-pressure steel pipes.

Growing Demand for RTP for Oil & Gas Applications:
The economy of Saudi Arabia is built on oil and there are strict government restrictions over the main economic activity. Reinforced thermoplastic pipe use has a variety of effects on operational costs, lead times, compliance, ease of installation, maintenance costs, total costs of ownership, and much more in the oil and gas sector and hydrocarbon transportation. Additionally, because this kind of pipe can survive harsh conditions and is immune to typical problems other glass fibre products are, it is gaining popularity among operators and engineers in the oil and gas business. This has increased the role of reinforced thermoplastic pipes in the industry. Additionally, owing to their increased application in offshore activities and improvements in their stiffness to weight ratio, corrosion resistance, and fatigue resistance, reinforced thermoplastic pipes are becoming more and more popular, which is driving the demand for the market.

For instance, in 2021, the Non-metallic Innovation Centre (NIC), through a joint collaboration between Saudi Aramco Technologies Company (SATC) and the Netherlands-based pipe manufacturer SoluForce, is developing a novel cost-effective reinforced thermoplastic pipe (RTP) technology suitable for high temperature and high-pressure applications.

Citing another instance, National Oilwell Varco (NOV) has opened its first local spoolable composite pipe facility in Dammam, Saudi Arabia. NOV’s new Saudi facility is bigger than its original plant in Houston, Texas and is the first reinforced thermoplastic pipe (RTP) manufacturing hub in the Kingdom. The manufacturing complex will produce spoolable and jointed pipe, including high-pressure line pipe, and downhole tubing and casing.

Cost Saving Along with Installation and Maintenance Drives the Market Progress
A tried-and-true pipeline solution that can resist high heat and intense pressure is the use of reinforced thermoplastic pipes. Additionally, reinforced thermoplastic pipes are stronger than steel pipes and have the same level of corrosion resistance as fiberglass pipes. Both salt corrosion and H2S/CO2 corrosion can be tolerated by them. This increases the system's lifespan without incurring additional costs, thereby propelling its demand. Additionally, because it enables to optimize operations while avoiding safety concerns, the installation process for RTPs involves fewer labor and takes less time than other alternatives. RTPs can be used in difficult terrain owing to their flexibility and spoolability, which cut down on setup and downtime.

Additionally, RTPs can be entirely pigged for simple inspection and maintenance and are resistant to the accumulation of paraffin wax. While its flexibility necessitates fewer joints and enables a leak-free system, the corrosion-resistant material decreases product failures. Liner options enable customization to meet particular applications, allowing the qualities of chosen materials to match diverse operating circumstances and lowering maintenance and total cost of ownership. The market is therefore anticipated to be driven by these factors throughout the projected period.

Increasing Adoption of RTPs in Water Distribution Channel
Saudi Arabia is stepping up attempts to become the world's largest desalination market by announcing 60 water projects costing USD 9.33 billion in 2022. Saudi Arabia has been boosting its expenditures on power, water, and sustainable energy. The Saudi Arabian government has combined water desalination and wastewater treatment, and it has been increasing its capacities throughout the sector. Additionally, Kingdom has been obliged to look for fresh water due to the rising demand for water. During the projected period, there is expected to be a significant increase in demand for reinforced thermoplastic pipes as a result of large-scale water transfer projects like the Shoaibah to Jeddah Water Transfer Project. Additionally, there will be an increase in demand for reinforced thermoplastic pipes during the projected period due to continuing efforts to maintain the country’s aging pipe network and a growing trend toward using them in water distribution channels.


Download Free Sample Report

Market Segments
Saudi Arabia Reinforced Thermoplastic Pipes Market is segmented on the basis of classification, reinforced material, pipe size, end use, and region. Based on classification, the market is segmented into high-density polyethylene, polyamide, polyvinylidene fluoride, and others. Based on reinforced material, the market is further split into aramid, glass fiber, and stee. Based on pipe size, the market is segmented into up to 4 inches, 6 inches, and above 6 inches. Based on end use, the market is segmented into oil & gas, on shore operations, offshore operations, chemical, water industry, and others.

Market Players
Major players in Saudi Arabia Reinforced Thermoplastic Pipes Market include Alwasail Industrial Company, Saudi Arabian AMIANTIT Company, Cosmoplast Industrial Company, Magma Global Ltd., Saudi HEPCO LLC, The Zedan Group, H.A.T. Flex, National Oilwell Varco, Wienerberger AG, and OPR Offshore Pipelines & Risers Inc.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

       By Classification

       By Reinforced Material

       By Pipe Size

       By End Use

       By Region

Regional Scope

Central, Western, Eastern, Southern, Northern

Key companies profiled

Alwasail Industrial Company, Saudi Arabian AMIANTIT Company, Cosmoplast Industrial Company, Magma Global Ltd., Saudi HEPCO LLC, The Zedan Group, H.A.T. Flex, National Oilwell Varco, Wienerberger AG, and OPR Offshore Pipelines & Risers Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Saudi Arabia Reinforced Thermoplastic Pipes Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Reinforced Thermoplastic Pipes Market, By Classification:
    • High-density polyethylene
    • Polyamide
    • Polyvinylidene Fluoride
    • Others
  • Saudi Arabia Reinforced Thermoplastic Pipes Market, By Reinforced Material:
    • Aramid
    • Glass Fiber
    • Steel
  • Saudi Arabia Reinforced Thermoplastic Pipes Market, By Pipe Size:
    • Up to 4 Inches
    • 6 Inches
    • Above 6 Inches
  • Saudi Arabia Reinforced Thermoplastic Pipes Market, By End Use:
    • Oil & Gas
    • On Shore Operations
    • Offshore Operations
    • Chemical
    • Water Industry
    • Others
  • Saudi Arabia Reinforced Thermoplastic Pipes Market, By Region:
    • Central
    • Western
    • Eastern
    • Southern
    • Northern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Reinforced Thermoplastic Pipes Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Reinforced Thermoplastic Pipes Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Reinforced Thermoplastic Pipes Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia Reinforced Thermoplastic Pipes Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Classification (High-density polyethylene, Polyamide, Polyvinylidene Fluoride, Others)

6.2.2.    By Reinforced Material (Aramid, Glass Fiber, Steel)

6.2.3.    By Pipe Size (Up to 4 Inches, 6 Inches, above 6 Inches)

6.2.4.    By End Use (Oil & Gas, On Shore Operations, Offshore Operations, Chemical, Water Industry, Others)

6.2.5.    By Region

6.3.  By Company (2022)

6.4.  Market Map

7.    Saudi Arabia High-density Polyethylene Reinforced Thermoplastic Pipes Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Reinforced Material

7.2.2.    By Pipe Size

7.2.3.    By End use

7.2.4.    By Region

8.    Saudi Arabia Polyamide Reinforced Thermoplastic Pipes Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Reinforced Material

8.2.2.    By Pipe Size

8.2.3.    By End use

8.2.4.    By Region

9.    Saudi Arabia Polyvinylidene Fluoride Reinforced Thermoplastic Pipes Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Reinforced Material

9.2.2.    By Pipe Size

9.2.3.    By End use

9.2.4.    By Region

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

12. Market Opportunities

13. Policy & Regulatory Landscape

14. Saudi Arabia Economic Profile

15. Company Profiles

15.1.             Alwasail Industrial Company

15.2.             Saudi Arabian AMIANTIT Company

15.3.             Cosmoplast Industrial Company

15.4.             Magma Global Ltd.

15.5.             Saudi HEPCO LLC

15.6.             The Zedan Group

15.7.             H.A.T. Flex

15.8.             National Oilwell Varco

15.9.             Wienerberger AG

15.10.          OPR Offshore Pipelines & Risers Inc.

16. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The key industry trends of the Saudi Arabia Reinforced Thermoplastic Pipes Market are increasing market penetration of oil and gas industry and shifting consumer preference from steel pipes to reinforced thermoplastic pipes.

down-arrow

The leading market players in Saudi Arabia Reinforced Thermoplastic Pipes Market including Alwasail Industrial Company, Saudi Arabian Amiantit Company, Cosmoplast Industrial Company, Magma Global Ltd., Saudi HEPCO LLC, The Zedan Group, H.A.T. Flex, National Oilwell Varco, Wienerberger AG, OPR Offshore Pipelines & Risers Inc.

down-arrow

The growth rate of Saudi Arabia Reinforced Thermoplastic Pipes Market is expected to be nearly 4.2% during the forecast period.

down-arrow

The advantages of Reinforced Thermoplastic Pipes include ability to withstand high pressure and temperature, extended lifetime of oil and gas pipelines, ease of installation and lower total installation cost, ease of maintenance and total cost of ownership

profile

Srishti Verma

Business Consultant
Press Release

Saudi Arabia Reinforced Thermoplastic Pipes Market to Register a High CAGR until 2028

Dec, 2022

Increasing application across different industries and rising oil and gas industry are expected to drive the growth of Saudi Arabia Reinforced Thermoplastic Pipes Market during the forecast period of