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.
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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:
- 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
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