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
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.
Estimated Market Size in 2020:
USD 1,028.55 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,639.36 million
Tables, Graphs & Figures
Type, Product, Raw Material, Application, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Insulated Flexible Pipe
• Silicone Flexible Pipe
• Metric Flexible Pipe
• Flow Lines
• Fluid Transfer Lines
Raw Materials Covered:
• Polyvinylidene Fluoride (PVDF)
• Polyvinyl Chloride (PVC)
• Polyamides (PA)
• High-Density Polyethylene (HDPE)
• Other Raw Materials
End Users Covered:
• Oil & Gas
• Water Treatment
• Chemical and Petrochemical
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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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