Press release
Flexible Pipe Market Report 2024 : Strategies And Recent Developments | PT Elnusa Tbk, Continental AG, Schlumberger Limited, FlexEnergy LLC, Flexitech Group
Flexible Pipe Global Market Report
The Business Research Company offers in-depth market insights through Flexible Pipe Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The flexible pipe market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to oil and gas industry growth, offshore drilling and production, pipeline rehabilitation needs, environmental regulations, cost efficiency.
The flexible pipe market size is expected to see strong growth in the next few years. It will grow to $1.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising demand for durable and versatile piping, increasing demand for flexible pipes, economic growth forecasts, geopolitical stability, market competition dynamics. Major trends in the forecast period include customization and tailored solutions, integration of subsea systems, technological advancements, environmentally conscious solutions, smart pipe technologies.
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Market Segmentation:
The flexible pipe market covered in this report is segmented -
1) By Raw Material: High-density Polyethylene, Polyamides, Polyvinylidene Fluoride, Other Raw Materials
2) By Application: Offshore, On shore
3) By End Use Industry: Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, Other End-Use Industries
Major Driver - Rising Oil And Gas Demand Fuels Growth In The Flexible Pipe Market
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. For instance, according to Australian petroleum production and exploration association report published in 2021, in 2020, Australian petroleum liquids output climbed marginally to 169 million barrels, a 2% increase compared to preceding year. Furthermore, in May 2021, a report was published by the Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas); the petroleum product production increased by 15.5% in May 2021 over May 2020, compared to a 30.9% increase in April 2021. Therefore, the increase in demand for oil and gas will drive the growth of the flexible pipe market.
Competitive Landscape:
Major companies operating in the flexible pipe market report are PT Elnusa Tbk, Continental AG, Schlumberger Limited, FlexEnergy LLC, Flexitech Group, Baker Hughes, Evonik Industries AG, Prysmian Group, Solvay S.A., DuPont de Nemours Inc., Saipem S.p.A., NOV Inc., National Oilwell Varco, TechnipFMC plc, Wienerberger AG, Wavin B.V., Cosmoplast Industrial Company LLC, Shawcor Ltd, SoluForce, FlexSteel Pipe, Flexfab Horizons International, Magma Global Ltd, GE Oil & Gas Corporation, Chevron Phillips Chemical LLC, Strohm B.V., The ContiTech Group, Airborne Oil & Gas B.V., Pipelife Nederland B.V., Petromaroc Corporation PLC, Flexmaster Joint Kit Pvt. Ltd.
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Top Trend - Industry Leaders Forge Strategic Partnerships To Transform Pipeline Integrity Management
Major companies operating in the flexible pipes market are adopting a strategic partnership approach to revolutionize the pipeline integrity management landscape by providing comprehensive and cutting-edge solutions. A strategic partnership is a collaborative agreement or alliance between two or more entities, such as companies, organizations, or governments, with the aim of achieving mutually beneficial objectives. For instance, in October 2023, AISUS Offshore Ltd., a Scotland-based remote inspection technology company, partnered with SIMEROS, a Brazil-based engineering firm. With this partnership, these companies aim to offer customers a one-stop-shop solution that covers the entire pipeline integrity management process, including innovative un-bonded flexible pipe integrity management solutions with advanced inspection.
The Table Of Content For The Market Report 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
…..
27. Flexible Pipe Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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