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Flexible Pipe Global Market Growth & Forecast to 2024 with CAGR 4.1% Including Top Players: National Oilwell Varco, Prysmian Group, General Electric, Technip, SHAWCOR

Global Flexible Pipe Market to Grow at CAGR of 4.1% by 2017-2024

Global Flexible Pipe Market to Grow at CAGR of 4.1% by 2017-2024

The Upcoming market report of 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 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 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.

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Market Segmentation are:

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
• 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.

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