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Flexible Pipe Market 2022 | Analysis, Growth, Industry Demand, Current Trends and Business Opportunities 2027
Flexible Pipe Market
The latest research study "Flexible Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global flexible pipe market reached a value of US$ 1.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.5 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027.
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A flexible pipe has a composite construction of layers of different materials that allow large amplitude deflections without damaging the pipe. It consists of leak-proof thermoplastic barriers and corrosion-resistant steel wires and therefore has high-pressure resistance, flexibility, and superior dynamic behavior. It provides seabed accommodation and capacity for reuse, reduces installation time and technical complexity, and enables spooling on reels for quick transportation. As a result, flexible pipe finds extensive applications in the oil and gas, chemical, water treatment, and power generation industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Flexible Pipe Market Trends and Drivers:
The global flexible pipe market is primarily driven by rising exploration activities due to the increasing demand for energy and improved metals. Additionally, the surging use of flexible pipes in lateral and horizontal drilling for boring new reservoirs is positively influencing market growth. Moreover, numerous technological advancements in various drilling processes that provide access to remote locations, unconventional formations, and deep-water regions have catalyzed market growth.
Besides this, the increasing demand for petroleum in the transportation industry due to the rise in the number of passenger cars is contributing to market growth. Furthermore, the surging adoption of engineering-grade flexible materials in offshore and onshore activities due to their high tensile strength and low weight has augmented the product demand. Apart from this, the rising applications of flexible pipes in transferring gases or hot liquids due to their high durability and heat-resistant properties are propelling the market growth.
Other factors, including the rising use of non-corrosive pipes in the oil and gas industry, the increasing number of horizontal wells, and emerging petroleum applications in cosmetics and personal care products, are also anticipated to drive the market further.
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Global Flexible Pipe Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Flexible Pipe Companies:
Baker Hughes Company, Chevron Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V. and TechnipFMC plc.
The report has segmented the market on the basis of region, raw material, application and end use industry.
Breakup by Raw Material:
• High-density Polyethylene
• Polyamide
• Polyvinylidene Fluoride
• Others
Breakup by Application:
• Onshore
• Offshore
Breakup by End Use Industry:
• Oil and Gas
• Water Treatment Plants
• Chemical and Petrochemicals
• Mining
• Pharmaceuticals
• Food and Beverages
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/flexible-pipe-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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