The Flexible Pipe Market to experience an impressive growth at a CAGR of 5.3% during 2018-2023

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Flexible Pipe Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Flexible Pipe Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.


The strategic Market dissection

The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
1. Raw Material Type (High-Density Polyethylene, Polyamides, polyvinylidene Fluoride, Others)
2. Line Type (Risers, Flow Lines, Jumpers, Fluid Transfer Lines)
3. Application Type (Offshore, Onshore)
4. Region (North America, Europe, Asia-Pacific and Rest of the World)

Click here for detailed description:
https://www.stratviewresearch.com/362/Flexible-Pipes-Market.html

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/362/Flexible-Pipes-Market.html

The Growth Prognosis & its Drivers

The market for flexible pipes is likely to be prosperous in the coming years with significant growth opportunities in the entire market value chain. It is estimated that the global flexible pipes market is likely to recover in the coming years and will register a healthy CAGR of 5.3% during the forecast period. Recovery of oil & gas activities across regions coupled with an increasing acceptance of flexible pipes in various applications is the factor proliferating the growth of the market, owing to their cost effectiveness and superior performance than steel pipes. Additionally, the introduction of stringent government regulations is further propelling the demand for flexible pipes. As per Baker Hughes estimates, the worldwide rig count grew by 27.3% from the last year to reach an average of 2,029 rig counts in 2017.

A flexible pipe is a hollow structure designed to transfer fluids or liquids from one location to another. It is widely used in offshore and onshore oil and gas exploration as well as in production process. Technological advancements are serving the evolution of flexible pipes. Corrosion is one of the major downsides allied with metal piping systems. It ensures both inside and outside the pipe; thus, significantly impeding the hydraulic efficiency. HDPE pipes do not corrode or rust and are unaffected by any biological growth, thus, offering extended service life and continuing cost savings. Flexible pipes are widely used for conveying liquids and fluids, such as crude oil. They can operate even under high pressure and temperature conditions.

The Key players

The top players are National Oilwell Varco, Inc., GE Oil & Gas Corporation, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG.

The undisputed Dominance of the North America

Based on regions, North America is expected to remain the largest market for flexible pipes during the forecast period. Recovering oil & gas exploration activities is the major factor behind the dominance of the region in the market. Technological advancements in horizontal and pad drilling along with the richness of shale oil and gas are the other factors powering the growth of the global flexible pipes market in the region. The region is likely to be the fastest-growing market during the forecast period as well.

The Middle East & Africa, the second largest market, is expected to maintain its dominance in the coming five years, driven by Saudi Arabia, the UAE, and Nigeria. Recovering oil & gas activities in the region is primarily driving the demand for flexible pipes in the coming years.

Emerging Trends: Based on the raw material type, the flexible pipe market is segmented as HDPE, PA, PVDF, and Others. HDPE currently dominates the market and is expected to remain the most dominant segment over the next five years. The material type is also likely to be the fastest-growing segment during the forecast period of 2018 to 2023, propelled by its cost-effectiveness and outstanding physical properties.

Based on the application type, the flexible pipes market is segmented as offshore and onshore applications. Offshore applications dominate the market and are expected to maintain its dominance over the next five years as well. The application type is also likely to witness the higher growth over the next five years, propelled by a host of factors including an increased acceptance in various applications, such as risers, as well as increasing penetration in deep-water, ultra-water, and subsea applications.

Click Here for Other Reports from Stratview Research in the Oil & Gas Industry: https://www.stratviewresearch.com/market-reports/Oil-Gas.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.