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Flexible Pipe Market worth 1,111.3 Million USD by 2022


(, March 21, 2020 ) report "Flexible Pipe Market by Raw Material (HDPE, PA, and PVDF), Application (Offshore and Onshore), and Region (North America, Middle East & Africa, Central & South America, Asia-Pacific, and Europe) - Global Forecast to 2022", The flexible pipe market is projected to grow from USD 880.8 Million in 2016 to USD 1,111.3 Million by 2022, at a CAGR of 4.0% during the forecast period. The growth of this market is driven by high investments in the oil & gas exploration and production industries.

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The HDPE segment is projected to lead the flexible pipe market during the forecast period

Flexible pipes are manufactured by using materials such as HDPE, PA, and PVDF, among others. Based on raw material, the HDPE segment accounted for the largest share of the flexible pipe market in 2016. This segment is projected to grow at the highest CAGR between 2017 and 2022. The high demand for HDPE is mainly attributed to its low cost and excellent physical properties.

The offshore segment is the largest application segment of the flexible pipe market

The offshore application segment has been witnessing significant growth in recent years, owing to the increase in deepwater, ultra-deep water, and subsea exploration activities. Moreover, the price of offshore flexible pipes is higher as compared to the flexible pipes used in onshore applications. The increasing applicability of flexible pipes in products such as coiled tubing and risers for offshore production activities contributes to the growth of the flexible pipe market in offshore application.

Don't miss out on business opportunities in Flexible Pipe Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Flexible Pipe Market”
74 - Market Data Tables
32 - Figures
118 - Pages

The flexible pipe market in the Middle East & Africa is projected to grow at the highest CAGR during the forecast period

The flexible pipe market in the Middle East & Africa is projected to witness the highest growth during the forecast period. This growth is mainly driven by the increase in onshore and offshore oil & gas exploration activities in Saudi Arabia, the UAE, and Nigeria, among other countries. Moreover, in Angola, Kaombo project is being executed for ultra-deep water offshore oil & gas exploration, which is estimated to take approximately three years for completion. In Tanzania, both onshore and offshore exploration projects are in the pipeline. All these factors have contributed to the growth of the flexible pipe market in the Middle East & Africa.

Key players operating in the flexible pipe market are National Oilwell Varco, Inc. (U.S.), Technip Inc. (France), Prysmian Group (Italy), GE Oil & Gas Corporation (U.K.), Shawcor Ltd. (Canada), Pipelife Nederland B.V. (Netherlands), Airborne Oil & Gas B.V. (Netherlands), Magma Global Ltd. (U.K.), ContiTech AG (Germany), and FlexSteel Pipeline Technologies, Inc. (U.S.).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Sanjay Gupta


Source: EmailWire.Com

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