Press release
Flexible Pipe Manufacturer And Suppliers,Industry Segment and Drivers,Market Growth Rate and Revenue-Report Forecast 2024
Global Flexible Pipe Market
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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Key Points Discussed In Research
• Global Flexible Pipe Market
• Type (Risers, Jumpers, Flow Lines, Fluid Transfer Lines),
• Application {Offshore (Deepwater, Ultra-Deep Water, Subsea), Onshore},
• Raw Material (High-Density Polyethylene, Polyvinylidene Fluoride, Polyamides),
• Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
• Trends and Forecast to 2024
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 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.
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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.
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Top 10 Competitors
1. National Oilwell Varco,
2. Prysmian Group,
3. General Electric,
4. Technip,
5. SHAWCOR,
6. Pipelife Nederland B.V.,
7. Flex Steel Pipeline Technologies, Inc.,
8. Evonik Industries,
9. Airborne Oil & Gas,
10. Chevron Phillips Chemical Company,
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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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