Covid-19 Impact on Flexible Pipes Market: Updated Study Offering Insights & Analysis up to 2023

Stratview Research has announced a new report on the Flexible Pipes Market. According to the report, the market 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.

Market Segmentation
The Flexible Pipes Market is segmented by Raw Material (High-Density Polyethylene, Polyamides, Polyvinylidene Fluoride, and Others), by Type (Risers, Jumpers, and Fluid Transfer Lines), by Application Type (Offshore and Onshore), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the 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.

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.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Flexible Pipes Market Dynamics.
- Market Size and forecast from 2018 till 2023.
- Supply & Demand Value Chain.
- Flexible Pipes Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Flexible Pipes Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Flexible Pipes Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Flexible Pipes Market.
• 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,
• ContiTech AG.

Read More: https://www.stratviewresearch.com/362/Flexible-Pipes-Market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.