Global Flexible Pipes Market, By Raw Material (High-density Polyethylene, Polyamide, Polyvinylidene Fluoride, and Others), Application (Onshore and Offshore), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flexible Pipe Market
The flexible pipe market is expected to be growing at a growth rate of 6.7% in the forecast period of 2021 to 2028.
A flexible pipe is formed up of several layers and the main parts are leak proof thermoplastic barriers and corrosion resistant steel wires which provides flexibility and superior dynamic behaviour to the structure. Flexible pipes are used to transfer liquids and fluids such as crude oil and they can operate under high temperature and pressure conditions. Flexible pipes are being made by different materials such as HDPE (High Density Polyethylene), PVDF (Polyvinylidene Fluoride), PA (Polyamide), PP (Polypropylene) and others. HDPE tubing is less flexible in comparison with LDPE, but has better chemical and physical properties. Flexible pipes are used in horizontal wells.
Factors such as the increasing rise of the deep water exploration, the rising adoption of the engineering grade flexible materials, the increasing need for non-corrosive pipes in oil and gas industry, and the technological developments in the drilling procedures are expected to boost the growth of the flexible pipe market in the forecast period.
Additionally, the flexible pipe market is propelled by the growing energy need around the globe and considerable rise in the exploration and production actions in the oil and gas industry which is estimated to further cushion the growth of the flexible pipe market in coming years.
Furthermore, the increase in the number of the horizontal wells around the globe will be a major factor supplementing the growth of the for flexible pipe market in the forecast period. However, strict administrations in the oil and gas industry is one of the major factors most likely to hamper the growth of the flexible pipe market in the coming future.
Nevertheless, the growing of the horizontal wells and the discovery of new oil reserves extend advantageous opportunities for the growth of the flexible pipe market. Also, comparison to the vertical drilling, horizontal drilling is increasing more swiftly as the manufacture of the horizontal wells is more than twice.
A rise in the system of horizontal wells can be believed as a beneficial opportunity for the growth for the flexible pipe market around the world. Despite that, declining of the crude oil expenses and the large-scale manufacturing are further projected as the challenge for the growth of the flexible pipe market during the forecast period.
This flexible pipe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on adhesive resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flexible Pipe Market Scope and Market Size
The flexible pipe market is segmented on the basis of raw material, application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on the raw material, the flexible pipe market is segmented into high-density polyethylene, polyamide, polyvinylidene fluoride, and others.
- Based on the application, the flexible pipe market is segmented into onshore and offshore.
Flexible Pipe Market Country Level Analysis
The flexible pipe market is analysed and market size, volume information is provided by raw material and application as referenced above.
The countries covered in the flexible pipe market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the flexible pipe market because of the existence of the leading market players and large number of oil and gas drilling in the developed countries. Furthermore, the new oil and gas discoveries in region the demand for flexible pipe has been increased significantly and the offshore segment is the major factor that has further propelled to the growth of the flexible pipe market in the region during forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flexible Pipe Market Share Analysis
The flexible pipe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flexible pipe market.
The major players covered in the flexible pipe market report are DuPont, Chevron Phillips Chemical Company, Evonik Industries, Solvay, National Oilwell Varco, Inc., Technip Inc., Prysmian Group, General Electric, Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas, Magma Global Ltd., ContiTech AG, FlexSteel Pipeline Technologies, Inc., Chevron Corporation, ExxonMobil Corporation, Total S.A., BP plc, Royal Dutch Shell plc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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