The global flexible pipe market is projected to reach $1.7 billion by 2027, at a CAGR of 5.2% during 2021-2027. The growth of flexible pipe market is driven by increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the flexible pipe market by type (risers, jumpers, flow lines, and fluid transfer lines), raw material (high-density polyethylene, polyamides, polyvinylidene fluoride, and others), application (offshore (deep water, ultra-deep water, and subsea) and onshore), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the flexible pipe market?
Q.4 What are some changing demands of customers in the flexible pipe market?
Q.5 What are the new developments in the flexible pipe market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this flexible pipe area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this flexible pipe market?
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of hybrid flexible pipes and polyvinylidene fluoride in flexible pipes.
Based on raw material, the flexible pipe market is segmented into high-density polyethylene, polyamides, polyvinylidene fluoride, and others. The high-density polyethylene segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its low cost and easy applicability.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period high demand from emerging economies.
Key Players in the flexible pipe market are NOV Inc., TechnipFMC, Prysmian Group, Baker Hughes Company, Future Pipe Industries, Strohm, Shawcor, ContiTech AG, Magma Global Ltd., and Pipelife Nederland B.V.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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