Press release
Rising Oil And Gas Demand Fuels Growth In The Flexible Pipe Market: A Key Factor Shaping the Future of the Flexible Pipe Market in 2025
Flexible Pipe Market Size
The flexible pipe market is witnessing a growth surge due to the rising demand for oil and gas, which are fuels extracted from the earth's surface. Technical and geometric challenges involved in the oil and gas industry's water operations necessitate the use of flexible pipes. The accelerating usage of oil and gas is directly enhancing the growth prospects of the flexible pipe market. To illustrate, the Energy Information Administration, a Federal Statistical System in the US in charge of energy data collection, analysis, and distribution, revealed that natural gas consumption for the electric power sector saw a 6% increase in July and August 2023 as opposed to the corresponding months in 2022. This implies that the escalating demand for oil and gas will generate substantial growth for the flexible pipe market.
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How will the growth rate of the flexible pipe market shape industry trends by 2034?
Over the past few years, the flexible pipe market size has experienced robust growth. It is projected to expand from $1.16 billion in 2024 to $1.22 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. This growth during the historical period can be credited to factors such as the expansion of the oil and gas industry, increased offshore drilling and production, the necessity for pipeline rehabilitation, environmental regulations, and cost efficiency.
The market size of flexible pipes is predicted to witness a significant increase in the coming years, with a value expected to reach $1.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.1%. This anticipated growth during the forecast period is due to factors such as increasing requirements for resilient and multifunctional pipes, an upswing in the demand for flexible pipes, projections of economic expansion, geopolitical stability, and market competition dynamics. Prominent trends identified for the forecast period entail custom and bespoke solutions, integration of subsea infrastructure, technological evolution, eco-friendly solutions, and smart pipe technologies.
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What trends are poised to drive the future success of the flexible pipe market?
Leading firms in the flexible pipe market are ramping up their efforts to create ingenuitive solutions, like superior materials and design tactics engineering, to cater to the escalating requirements of undersea applications. High-performing polymers and composites, commonly referred to as advanced materials, are crucial in boosting resilience and elasticity, vital for deep-sea deployments. A case in point, in November 2023, Baker Hughes, an American energy tech firm, introduced PythonPipe, a pioneering flexible pipe solution aimed at effective fluid transportation in demanding contexts, providing a considerable edge over conventional materials. The advanced co-extruded liner of PythonPipe boosts resilience, brings down permeability, making it ideal for high-pressure settings up to 3,000 psi, and trims down time and costs of installation by as much as 60%. This revolutionary solution doesn't only cut back on upkeep costs significantly but also decreases carbon emissions over its lifespan, thereby championing sustainable practices in fluid management.
Which primary segments of the flexible pipe market are driving growth and industry transformations?
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
Subsegments:
1) By High-density Polyethylene (HDPE): HDPE Pipes For Water Supply, HDPE Pipes For Gas Distribution, HDPE Pipes For Wastewater Management
2) By Polyamides: Nylon 6 Pipes, Nylon 11 Pipes, Nylon 12 Pipes
3) By Polyvinylidene Fluoride (PVDF): PVDF Pipes For Chemical Processing, PVDF Pipes For Water Treatment, PVDF Pipes For Pharmaceutical Applications
4) By Other Raw Materials: Thermoplastic Elastomers (TPE), Polypropylene (PP), Rubber-based Materials
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Which geographical regions are pioneering growth in the flexible pipe market?
North America was the largest region in the flexible pipes market share in 2024. Middle East and Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible pipe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the flexible pipe market landscape?
Major companies operating in the flexible pipe market include PT Elnusa Tbk, Schlumberger Limited, FlexEnergy LLC, Flexitech Group, Baker Hughes, Saipem S.p.A., NOV Inc., National Oilwell Varco, TechnipFMC plc, Wavin B.V., Cosmoplast Industrial Company LLC, Shawcor Ltd, SoluForce, FlexSteel Pipe, Flexfab Horizons International, Magma Global Ltd, GE Oil & Gas Corporation, Strohm B.V., The ContiTech Group, Airborne Oil & Gas B.V., Pipelife Nederland B.V., Flexmaster Joint Kit Pvt. Ltd.
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What Is Covered In The Flexible Pipe Global Market Report?
•Market Size Forecast: Examine the flexible pipe market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the flexible pipe market for a structured understanding.
•Key Players Overview: Analyze major players in the flexible pipe market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flexible pipe market.
•Segment Contributions: Evaluate how different segments drive overall growth in the flexible pipe market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flexible pipe market.
•Industry Challenges: Identify potential risks and obstacles affecting the flexible pipe market.
•Competitive Landscape: Review strategic developments in the flexible pipe market, including expansions, agreements, and new product launches.
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