Summary
Trends, opportunities, and forecast for the flexible pipe market to 2028 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)
Flexible Pipe Market Trends and Forecast
The future of the global flexible pipe market looks promising with opportunities in offshore and onshore applications. The global flexible pipe market is expected to reach an estimated $1.7 billion by 2027 and is forecast to grow at a CAGR of 4.7% from 2022 to 2027. The major drivers for this market are increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
Emerging Trends in the Flexible Pipe Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of hybrid flexible pipes and polyvinylidene fluoride in flexible pipes.
Flexible Pipe Market by Segments
In this market, high-density polyethylene is the largest raw material market, whereas offshore is largest market by application. Growth in various segments of the flexible pipe market is given below:
The study includes a trend and forecast for the flexible pipe market by type, raw material, application, and region as follows:
By Type [Value ($ Million) from 2016 to 2027]:
• Risers
• Jumpers
• Flow Lines
• Fluid Transfer Lines
By Raw Material [Value ($ Million) from 2016 to 2027]:
• High-Density Polyethylene
• Polyamides
• Polyvinylidene Fluoride
• Others
By Application [Value ($ Million) from 2016 to 2027]:
• Offshore
o Deep Water
o Ultra-Deep Water
o Subsea
• Onshore
By Region [Value ($ Million) and Volume (Thousand Tons) from 2016 to 2027]:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
• APAC
o China
o India
o Japan
• ROW
o Brazil
List of Flexible Pipe Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Flexible pipe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flexible pipe companies profiled in this report include.
• NOV Inc.
• TechnipFMC
• Prysmian Group
• Baker Hughes Company
• Future Pipe Industries
• Strohm
• Shawcor
• ContiTech AG
• Magma Global Ltd.
• Pipelife Nederland B.
V.
Flexible Pipe Market Insights
• The analyst forecasts that high-density polyethylene are expected to remain the largest segment due to its low cost and easy applicability.
• Within the global flexible pipe market, the offshore application is expected to be the largest segment over the forecast period due to growing deep water, ultra-deep water, and subsea exploration activities.
• APAC is expected to remain the largest market and witness the highest growth rate over the forecast period high demand from emerging economies.
Features of the Flexible Pipe Market
• Market Size Estimates: Flexible pipe market size estimation in terms of value ($M) and volume (thousand tons).
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Flexible pipe market size by various segments, such as type, raw material, and application.
• Regional Analysis: Flexible pipe market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different type, raw material, application, and regions for flexible pipe market.
• Strategic Analysis: This includes M&A and competitive landscape for the flexible pipe.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the flexible pipe market size?
Answer:The global flexible pipe market is expected to reach an estimated $1.7 billion by 2027.
Q2. What is the growth forecast for flexible pipe market?
Answer:The flexible pipe market is expected to grow at a CAGR of ~4.7% from 2022 to 2027.
Q3. What are the major drivers influencing the growth of the flexible pipe market?
Answer: The major drivers for this market are increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
Q4. What are the major applications or end use industries for flexible pipe?
Answer:Offshore and onshore are the major applications for flexible pipe
Q5. What are the emerging trends in flexible pipe market?
Answer: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.
Q6. Who are the key flexible pipe companies?
Answer:Some of the key flexible pipe companies are as follows:
• NOV Inc.
• TechnipFMC
• Prysmian Group
• Baker Hughes Company
• Future Pipe Industries
• Strohm
• Shawcor
• ContiTech AG
• Magma Global Ltd.
• Pipelife Nederland B.
V.
Q7.
Which flexible pipe raw material segment will be the largest in future?
Answer: The analyst forecasts that high-density polyethylene are expected to remain the largest segment due to its low cost and easy applicability.
Q8: In flexible pipe market, which region is expected to be the largest in next 5 years?
Answer:North America will remain the largest region in next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, The analyst provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global 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 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last 5 years?
For any questions related to flexible pipe market or related to flexible pipe companies, flexible pipe market size, flexible pipe market share, flexible pipe analysis, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
