Press release
Global Flexible Pipe Market by Latest Trend, Share, Size, Application, growth and Forecast to 2024
Global Flexible Pipe Market – Industry Trends and Forecast to 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.
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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 deep water, ultra-deep water and subsea.
On the basis of geography, global flexible pipe market report covers data points for 28 countries across multiple geographies.
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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
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.
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., Flex Steel Pipeline Technologies, Inc., Evonik Industries, Airborne Oil & Gas, Chevron Phillips Chemical Company, Deep Flex, Conti Tech AG, Magma Global Ltd and Solu Force among others.
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