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Do you want to know about “Global Flexible Pipe Market” in next Seven Year? CAGR will be more than 4.1% by 2024

The new industry report “Global Flexible Pipe Market” By Type (Risers, Jumpers, Flow Lines, Fluid Transfer Lines), Raw Material (High-Density Polyethylene, Polyvinylidene Fluoride, Polyamides), Application {Offshore (Deepwater, Ultra-Deep Water, Subsea), Onshore}, Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Trends and Forecast to 2024

The Global Flexible Pipe Market accounted for USD 1.11 billion in 2016 and is projected to grow at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Flexible pipes are light weight, high chemical & corrosion resistant, which have made them a feasible option for different applications in the oil and gas industry. They are used to produce risers, coiled tubing, and umbilical in the oil & gas industry.

Major market drivers:
• Increasing demand for non-corrosive pipes in oil & gas industry
• Growth of deep-water exploration
• Technological advancements in drilling process
Market Restraint:
• Stringent regulation against oil explorations

Competitive Analysis

The global flexible pipe market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Browse full Report Visit @ databridgemarketresearch.com/reports/global-flexible-pipe...

Market Segmentation

On the basis of product type, the global flexible pipe market is segmented into risers, jumpers, flow lines, fluid transfer lines.

On the basis of raw material, the global flexible pipe market is segmented into high-density polyethylene, polyvinylidene fluoride and polyamides. High-density polyethylene accounts the largest market share in 2016 due to its good physical features and low cost.

On the basis of application, the global flexible pipe market is segmented into offshore and onshore. Offshore is sub segmented into deepwater, ultra-deep water and subsea. Offshore segment witnessed the largest market share due to the increase in ultra-deep water, deepwater and subsea exploration activities.

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On the basis of geography, global flexible pipe market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Major Market Competitors

Some of the major players operating in global flexible pipe market are National Oilwell Varco, Prysmian Group, General Electric, Technip, SHAWCOR, Pipelife Nederland B.V., FlexSteel Pipeline Technologies, Inc., Evonik Industries, Airborne Oil & Gas, Chevron Phillips Chemical Company, DeepFlex, ContiTech AG, Magma Global Ltd and SoluForce among others.

Related Report

Global Hexamethylenediamine Market– Industry Trends and Forecast to 2024

Global Hexamethylenediamine Market, By Application (Nylon Synthesis, Curing Agents, Water treatment chemicals, Chemical synthesis, Medical applications, Adhesives, Others); End User (automotive, textile, paints and coatings, petrochemical, others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Report Access: databridgemarketresearch.com/reports/global-hexamethylene...

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavorsto provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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