A flexible pipe is a hollow structure designed to transfer fluids or liquids from one location to another. It is widely used in offshore and onshore oil and & exploration as well as in production process. Corrosion is one of the major downsides associated with metal piping systems. Flexible pipes require protection from both inside and outside, thus impeding the hydraulic efficiency and further enhancing the performance of flexible pipes. High-density polyethylene (HDPE) pipes do not corrode or rust, and are unaffected by any biological growth, thus extending service life and ensuring cost savings. Flexible pipes are widely used for conveying liquids and fluids, such as crude oil. They can operate even under high pressure and temperature conditions.
The global flexible pipes market size was valued at $0.8 billion in 2019, and is anticipated to generate $1.2 billion by 2027. The market is projected to experience growth at a CAGR of 4.7% from 2020 to 2027.
Technological advancements in drilling processes have led to the development of the oil & gas industry, which, in turn, drives the growth of the global flexible pipe market. Technological advancements in flexible pipes have further enabled access for extremely remote locations such as deep water. However, as the oil & gas industry deals with the transport of crude oil, stringent regulations imposed on the materials used in pipes hamper market growth. On the contrary, an increase in horizontal exploration activities is anticipated to offer lucrative opportunity for the market expansion during the forecast period.
Polyamide flexible pipes provide prolonged durability, due to their mechanical properties, which make them suitable for use in industries such as machinery tools, packaging, and automation. In addition, polypropylene (PP) pipes and tubing exhibit enhanced durability and heat resistant properties. Thus, these pipes are ideal for use in transfer of gases or hot liquids or where higher pressure and temperature are expected. PP flexible pipes are further suggested for vacuum systems. Furthermore, PP plastic piping possess resistance to alkali and acids, however, they have poor resistance to aliphatic, aromatic, and chlorinated solvents.
The global flexible pipes market is segmented into raw material, application, and region. Depending on raw material, the market is segregated into high-density polyethylene, polyamide, polyvinylidene fluoride, and others. On the basis of application, it is categorized into onshore and offshore. Region wise, the flexible pipes market analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Abrupt deterioration has witnessed in 2020 in the global macroeconomic situation, due to the outbreak of the COVID-19 pandemic. In response to this health emergency, governments in most countries have adopted containment measures, including travel bans, quarantines, and other public emergency measures, with serious repercussions on economic activity and the entire production system. Initial evidence is beginning to emerge of the impact of these measures on economic performance in the countries first affected by the epidemic. The impacted economies such as Italy, China, the UK, India, Spain, and the U.S. have witnessed slowdown in demand and the economic cycle.
The key players operating in flexible pipes industry include National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG. The key players have adopted strategies such as partnership and business expansion to sustain the intense competition in the market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Raw Material
By End-use Industry
By Region
Key Players
The global flexible pipes market size was valued at $0.8 billion in 2019, and is anticipated to generate $1.2 billion by 2027. The market is projected to experience growth at a CAGR of 4.7% from 2020 to 2027.
Technological advancements in drilling processes have led to the development of the oil & gas industry, which, in turn, drives the growth of the global flexible pipe market. Technological advancements in flexible pipes have further enabled access for extremely remote locations such as deep water. However, as the oil & gas industry deals with the transport of crude oil, stringent regulations imposed on the materials used in pipes hamper market growth. On the contrary, an increase in horizontal exploration activities is anticipated to offer lucrative opportunity for the market expansion during the forecast period.
Polyamide flexible pipes provide prolonged durability, due to their mechanical properties, which make them suitable for use in industries such as machinery tools, packaging, and automation. In addition, polypropylene (PP) pipes and tubing exhibit enhanced durability and heat resistant properties. Thus, these pipes are ideal for use in transfer of gases or hot liquids or where higher pressure and temperature are expected. PP flexible pipes are further suggested for vacuum systems. Furthermore, PP plastic piping possess resistance to alkali and acids, however, they have poor resistance to aliphatic, aromatic, and chlorinated solvents.
The global flexible pipes market is segmented into raw material, application, and region. Depending on raw material, the market is segregated into high-density polyethylene, polyamide, polyvinylidene fluoride, and others. On the basis of application, it is categorized into onshore and offshore. Region wise, the flexible pipes market analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Abrupt deterioration has witnessed in 2020 in the global macroeconomic situation, due to the outbreak of the COVID-19 pandemic. In response to this health emergency, governments in most countries have adopted containment measures, including travel bans, quarantines, and other public emergency measures, with serious repercussions on economic activity and the entire production system. Initial evidence is beginning to emerge of the impact of these measures on economic performance in the countries first affected by the epidemic. The impacted economies such as Italy, China, the UK, India, Spain, and the U.S. have witnessed slowdown in demand and the economic cycle.
The key players operating in flexible pipes industry include National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG. The key players have adopted strategies such as partnership and business expansion to sustain the intense competition in the market.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the flexible pipes market from 2019 to 2027 to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict flexible pipes market growth is provided.
- The flexible pipes market forecast and estimations are based on factors impacting market growth, in terms of value.
- Profiles of leading players operating in the flexible pipes market are provided to understand the global competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable flexible pipes market share.
- The flexible pipes market size is provided in terms of revenue.
- The report provides an in-depth analysis of the forecast along with the current and future flexible pipes market trends.
KEY MARKET SEGMENTS
By Raw Material
- High-density Polyethylene
- Polyamide
- Polyvinylidene Fluoride
- Others
By End-use Industry
- Onshore
- Offshore
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Players
- National Oilwell Varco, Inc.
- Baker Hughes Company
- Magma Global Ltd.
- FlexSteel Pipeline Technologies, Inc.
- Shawcor Ltd.
- Pipelife Nederland B.V.
- Airborne Oil & Gas B.V.
- Technip FMC Plc.
- Prysmian Group
- ContiTech AG
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Flexible Pipes Market, by Raw Material
Chapter 5: Flexible Pipes Market, by Application
Chapter 6: Flexible Pipes Market, by Region
Chapter 7: Company Profiles:
Companies Mentioned
- National Oilwell Varco Inc
- Baker Hughes Company
- Magma Global Ltd
- FlexSteel Pipeline Technologies Inc
- Shawcor Ltd
- Pipelife Nederland BV
- Airborne Oil & Gas BV
- Technip FMC Plc
- Prysmian Group
- ContiTech AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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