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Flexible Pipe Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | NOV Inc., GE Oil & Gas Corporation, TechnipFMC plc, Prysmian Group, Shawcor Ltd
Flexible Pipe Market
Flexible Pipe Market Size, Growth Rate, And Forecast
The global flexible pipe market is expected to grow from $1.06 billion in 2022 to $1.12 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flexible pipe market is expected to reach $1.33 billion in 2027 at a CAGR of 4.5%.
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Flexible Pipe Market Drivers
An increase in demand for oil and gas is driving the demand for the flexible pipe market going forward. Oil and gas refer to fuels that are extracted from the earth's surface. Flexible pipes are used in the oil and gas industry to meet technical requirements and solve the geometric constraints of water. The increase in demand for oil and gas is driving the flexible pipe market.
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Flexible Pipe Market Segments
• By Raw Material: High-density Polyethylene, Polyamides, Polyvinylidene Fluoride, Other Raw Materials
• By Application: Offshore, On shore
• By End Use Industry: Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Flexible Pipe market.
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Flexible Pipe Market Key Players
Major competitors in the Flexible Pipe market include NOV Inc., GE Oil & Gas Corporation, TechnipFMC plc, Prysmian Group, Shawcor Ltd., Baker Hughes, Chevron Phillips Chemical, LLC, Continental AG
The Business Research Company's "Global Flexible Pipe Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Flexible Pipe Market Include:
1. Executive Summary
2. Flexible Pipe Market Characteristics
3. Flexible Pipe Market Trends And Strategies
4. Flexible Pipe Market - Macro Economic Scenario
5. Flexible Pipe Market Size And Growth
……..
28. Key Mergers And Acquisitions In The Flexible Pipe Market
29. Flexible Pipe Market Future Outlook and Potential Analysis
30. Appendix
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