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Flexible Pipes Market

Flexible Pipes Market Forecasts to 2028 – Global Analysis By Product (Flow Lines, Fluid Transfer Lines, Jumpers, Risers), End User (Oil & Gas, Water Treatment, Chemical and Petrochemical, Manufacturing, Mining) and By Geography

4.1 (90 reviews)
Published: November 2021 ID: SMRC21130
4.1 (90 reviews)
Published: November 2021 ID: SMRC21130

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Flexible Pipes Market is accounted for $1,028.55 million in 2020 and is expected to reach $1,639.36 million by 2028 growing at a CAGR of 6.0% during the forecast period. Factors such as the increasing demand for engineering grade flexible materials, rise in oil & gas exploration activities, and technological advancements in the drilling process are driving the growth of the market. However, stringent regulations in the oil & gas industry are hampering the growth of the market.

A flexible pipe is a vacuum type tube designed to carry fluids from one place to another. These pipes are utilized in offshore and onshore oil & gas exploration. Flexible pipe is characterized by a composite construction of layers of different materials, which allows large amplitude deflections without adverse effects on the pipe.

Based on the application, the offshore segment is anticipated to expand at a rapid pace during the forecast period due to the growing importance of profound and ultra-deepwater activities in most of the regions. By geography, North America is going to have high growth during the forecast period which can be attributed to the industrial advancements in horizontal and pad drilling and the large quantity of shale oil and gas reserves.

Some of the key players profiled in the Flexible Pipes Market include Contitech AG, National Oilwell Varco, Airborne Oil & Gas B.V., Magma Global Ltd, Deepflex, GE Oil & Gas Inc., Soluforce, Chevron Phillips Chemical Company LLC, Technipfmc PLC,  Pipelife Nederland B.V., Prysmian S.p.A., Flexsteel Pipeline Technologies, and Shawcor Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1,028.55 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.0%

Predicted 2028 Value:

USD 1,639.36 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

204

Chapters Covered:

Type, Product, Raw Material, Application, End User, and Region

Core Drivers and Opportunities:

  • Growing demand for engineering grade flexible materials
  • Rising oil & gas exploration activities
  • Increasing exploration of horizontal wells

Restraining Factors & Market Threats:

  • Stringent regulations in the oil & gas industry
  • Fluctuating crude oil prices


Types Covered:
• Insulated Flexible Pipe
• Silicone Flexible Pipe
• Metric Flexible Pipe

Products Covered:
• Flow Lines
• Fluid Transfer Lines
• Jumpers
• Risers    

Raw Materials Covered:
• Polyvinylidene Fluoride (PVDF)
• Polyvinyl Chloride (PVC)
• Aluminum
• Rubber
• Polyamides (PA)
• High-Density Polyethylene (HDPE)
• Teflon
• Other Raw Materials

Applications Covered:
• Onshore
• Offshore

End Users Covered:
• Oil & Gas
• Water Treatment
• Chemical and Petrochemical
• Manufacturing
• Mining

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Key Questions Answered In The Report

The Global Flexible Pipes Market is majorly driven by the increasing demand for engineering grade flexible materials, rise in oil & gas exploration activities, and technological advancements in the drilling process.

The high-density polyethylene (HDPE) segment is growing at a highest CAGR owing to its ease of installation and excellent physical properties.

North America dominated with a significant market share due to the presence of large quantity of shale oil and gas reserves.

Asia Pacific market is growing at a highest CAGR owing to the high demand from emerging economies.

Key players in Flexible Pipes Market include Contitech AG, National Oilwell Varco, Airborne Oil & Gas B.V., Magma Global Ltd, Deepflex, GE Oil & Gas Inc., Soluforce, Chevron Phillips Chemical Company LLC, Technipfmc PLC, Pipelife Nederland B.V., Prysmian S.p.A., Flexsteel Pipeline Technologies, and Shawcor Ltd.

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