The global flexible pipe market size reached US$ 1.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 1.6 Billion by 2028, exhibiting a CAGR of 4.91% during 2022-2028.
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.
Canada
Europe
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:
The analyst provides an analysis of the key trends in each sub-segment of the global flexible pipe market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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
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 plc.Key Questions Answered in This Report:
- What was the size of the global flexible pipe market in 2022?
- What is the expected growth rate of the global flexible pipe market during 2023-2028?
- What are the key factors driving the global flexible pipe market?
- What has been the impact of COVID-19 on the global flexible pipe market?
- What is the breakup of the global flexible pipe market based on the raw material?
- What is the breakup of the global flexible pipe market based on the application?
- What are the key regions in the global flexible pipe market?
- Who are the key players/companies in the global flexible pipe market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Flexible Pipe Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Raw Material
6.1 High-density Polyethylene
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyamide
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polyvinylidene Fluoride
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Water Treatment Plants
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemical and Petrochemicals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Mining
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Pharmaceuticals
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Food and Beverages
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Baker Hughes Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Chevron Phillips Chemical Company LLC
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Continental AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 DuPont de Nemours Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Evonik Industries AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 FlexSteel Pipeline Technologies Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 General Electric Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 NOV Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Pipelife Nederland B.V. (Wienerberger AG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Prysmian S.p.A.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Shell plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Solvay S.A.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Strohm B.V.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 TechnipFMC plc
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
List of Figures
Figure 1: Global: Flexible Pipe Market: Major Drivers and Challenges
Figure 2: Global: Flexible Pipe Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Flexible Pipe Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Flexible Pipe Market: Breakup by Raw Material (in %), 2022
Figure 5: Global: Flexible Pipe Market: Breakup by Application (in %), 2022
Figure 6: Global: Flexible Pipe Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Flexible Pipe Market: Breakup by Region (in %), 2022
Figure 8: Global: Flexible Pipe (High-density Polyethylene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Flexible Pipe (High-density Polyethylene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Flexible Pipe (Polyamide) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Flexible Pipe (Polyamide) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Flexible Pipe (Polyvinylidene Fluoride) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Flexible Pipe (Polyvinylidene Fluoride) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Flexible Pipe (Other Raw Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Flexible Pipe (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Flexible Pipe (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Flexible Pipe (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Flexible Pipe (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Flexible Pipe (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Flexible Pipe (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Flexible Pipe (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Flexible Pipe (Water Treatment Plants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Flexible Pipe (Water Treatment Plants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Flexible Pipe (Chemical and Petrochemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Flexible Pipe (Chemical and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Flexible Pipe (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Flexible Pipe (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Flexible Pipe (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Flexible Pipe (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Flexible Pipe (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Flexible Pipe (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Flexible Pipe (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Flexible Pipe (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Flexible Pipe Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Flexible Pipe Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Flexible Pipe Industry: SWOT Analysis
Figure 84: Global: Flexible Pipe Industry: Value Chain Analysis
Figure 85: Global: Flexible Pipe Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Flexible Pipe Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Flexible Pipe Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 3: Global: Flexible Pipe Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Flexible Pipe Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Flexible Pipe Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Flexible Pipe Market: Competitive Structure
Table 7: Global: Flexible Pipe Market: Key Players
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. and TechnipFMC plc
Methodology
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