The global flexible pipe market reached a value of US$ 1.15 billion in 2021. Looking forward, the market is projected to reach a value of US$ 1.5 billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
A flexible pipe has a composite construction of layers of various materials that enable large amplitude deflections without causing damage to the pipe. It comprises leakproof thermoplastic barriers and corrosion-resistant steel wires, which gives the pipe high-pressure resistance, flexibility, and superior dynamic behavior. It eases spooling on reels for quick transportation, reduces time and technical ease of installation, and offers seabed accommodation and capacity for reuse. As a result, it finds extensive applications in the oil and gas, chemical, power generation, and water treatment industries across the globe.
At present, there is a rise in exploration activities around the world due to the increasing demand for energy and improved metals. This, along with the growing use of non-corrosive pipes in the oil and gas industry, represents one of the key factors driving the market. Moreover, the increasing utilization of flexible pipes in horizontal drilling and lateral drilling for boring new reservoirs, is stimulating the growth of the market. In addition, technological advances in different drilling process that enable access to remote locations, unconventional formations, and deep-water regions are positively influencing the market. Besides this, the escalating demand for petroleum in the transport sector due to the rising number of passenger cars worldwide is offering lucrative growth opportunities to key market players. Additionally, as it offers high-durability and heat resistant properties, there is an increase in the employment of flexible pipes in transferring gases or hot liquids. Apart from this, the rising adoption of engineering-grade flexible materials in offshore and onshore activities due to their low weight and high tensile strength is propelling the market growth.
This report provides an analysis of the key trends in each sub-segment of the global flexible pipe market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on raw material, application and End-use industry.
A flexible pipe has a composite construction of layers of various materials that enable large amplitude deflections without causing damage to the pipe. It comprises leakproof thermoplastic barriers and corrosion-resistant steel wires, which gives the pipe high-pressure resistance, flexibility, and superior dynamic behavior. It eases spooling on reels for quick transportation, reduces time and technical ease of installation, and offers seabed accommodation and capacity for reuse. As a result, it finds extensive applications in the oil and gas, chemical, power generation, and water treatment industries across the globe.
Flexible Pipe Market Trends
At present, there is a rise in exploration activities around the world due to the increasing demand for energy and improved metals. This, along with the growing use of non-corrosive pipes in the oil and gas industry, represents one of the key factors driving the market. Moreover, the increasing utilization of flexible pipes in horizontal drilling and lateral drilling for boring new reservoirs, is stimulating the growth of the market. In addition, technological advances in different drilling process that enable access to remote locations, unconventional formations, and deep-water regions are positively influencing the market. Besides this, the escalating demand for petroleum in the transport sector due to the rising number of passenger cars worldwide is offering lucrative growth opportunities to key market players. Additionally, as it offers high-durability and heat resistant properties, there is an increase in the employment of flexible pipes in transferring gases or hot liquids. Apart from this, the rising adoption of engineering-grade flexible materials in offshore and onshore activities due to their low weight and high tensile strength is propelling the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global flexible pipe market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on raw material, application and End-use industry.
Breakup by Raw Material:
- High-density Polyethylene
- Polyamide
- Polyvinylidene Fluoride
- Others
Breakup by Application:
- Onshore
- Offshore
Breakup by End-use Industry:
- Oil and Gas
- Water Treatment Plants
- Chemical and Petrochemicals
- Mining
- Pharmaceuticals
- Food and Beverages
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Chevron Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V. and TechnipFMC plcKey Questions Answered in This Report
- How has the global flexible pipe market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global flexible pipe market?
- What are the key regional markets?
- What is the breakup of the market based on the raw material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the End-use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global flexible pipe market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Flexible Pipe Market
What is the estimated value of the Global Flexible Pipe Market?
What is the growth rate of the Global Flexible Pipe Market?
What is the forecasted size of the Global Flexible Pipe Market?
Who are the key companies in the Global Flexible Pipe Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 1.15 Billion |
| Forecasted Market Value ( USD | $ 1.5 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Flexible Pipe Market
6 Market Breakup by Raw Material
7 Market Breakup by Application
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Baker Hughes Company
- Chevron Phillips Chemical Company LLC
- Continental AG
- DuPont de Nemours Inc.
- Evonik Industries AG
- FlexSteel Pipeline Technologies Inc.
- General Electric Company
- NOV Inc.
- Pipelife Nederland B.V. (Wienerberger AG)
- Prysmian S.p.A.
- Shell plc
- Solvay S.A.
- Strohm B.V.
- TechnipFMC plc
Methodology
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