Press release
Flexible Pipe Market: Rising Demand for Non-corrosive Pipes in Oil & Gas Industry with Top Competitors like General Electric, Technip, SHAWCOR, Pipelife Nederland B.V and Global Forecast to 2024
Flexible Pipe Market
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Global Flexible Pipe Market accounted for USD 1.11 billion in 2016 and is projected to grow at a CAGR of 4.1% during the forecast period of 2017 to 2024.
Market Definition: Global Flexible Pipe Market
Flexible pipes are light weight, high chemical & corrosion resistant, which have made them a feasible option for different applications in the oil and gas industry. They are used to produce risers, coiled tubing, and umbilical in the oil & gas industry
Major Market Competitors
• National Oilwell Varco,
• Prysmian Group,
• General Electric,
• Technip,
• SHAWCOR,
• Pipelife Nederland B.V.,
• Flex Steel Pipeline Technologies Inc.,
• Evonik Industries,
• Airborne Oil & Gas,
• Chevron Phillips Chemical Company,
• Deep Flex,
• Conti Tech AG,
• Magma Global Ltd and
• Solu Force
Competitive Analysis: Global Flexible Pipe Market
Global Flexible Pipe Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers:
• Increasing demand for non-corrosive pipes in oil & gas industry
• Growth of deep-water exploration
• Technological advancements in drilling process
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Market Segmentation:
On the basis of Product Type, the global flexible pipe market is segmented into risers, jumpers, flow lines, fluid transfer lines.
On the basis of Raw Material, the global flexible pipe market is segmented into high-density polyethylene, polyvinylidene fluoride and polyamides. High-density polyethylene accounts the largest market share in 2016 due to its good physical features and low cost.
On the basis of Application, the global flexible pipe market is segmented into offshore and onshore. Offshore is sub segmented into deepwater, ultra-deep water and subsea. Offshore segment witnessed the largest market share due to the increase in ultra-deep water, deepwater and subsea exploration activities.
On the basis of geography, global flexible pipe market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Global Flexible Pipe Market Research reports provide in-depth analysis about the market conditions and requirements for effective decision making. Such report studies cover information including (but not limited to) market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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