Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Flexible Pipes Market Outlook

The global flexible pipes market attained a value of about USD 999.04 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.7% to reach nearly USD 1,506.49 million by 2032.

Global Flexible Pipes Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 999.04
Market Size 2032 USD Million 1,506.49
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.7%
CAGR 2024-2032 - Market by Region Asia Pacific 5.3%
CAGR 2024-2032 - Market by Country India 5.9%
CAGR 2024-2032 - Market by Country Saudi Arabia 5.2%
CAGR 2024-2032 - Market by Raw Material High-Density Polyethylene 5.3%
CAGR 2024-2032 - Market by Application Onshore 5.4%
Market Share by Country 2023 Canada 2.6%

Rising Deployment of Flexible Pipes as a Substitute for Traditional Pipes Bolstering the Market Growth

The market for flexible pipes is being aided by the growing demand for flexible pipes as a substitute for traditional pipes. The rising prevalence of leakage and pipe failure are surging the deployment of flexible pipes to enhance the durability and flexibility of pipes in systems, hence bolstering the market growth. Moreover, the corrosion-resistant and high mechanical strength of flexible pipe make it ideal for piping systems to regulate pressure and prevent underground drainage. This is increasing the demand for flexible pipes in drainage systems in the residential, commercial, and industrial sectors, which is providing further impetus to the industry growth.

Global Flexible Pipes Market

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The extensive deployment of flexible pipes in the oil and gas industry is fuelling the market growth. The simplified design and the ease of operation offered by flexible pipes make it suitable to enhance operational efficiency in the oil and gas industry. As flexible pipes can efficiently function in high pressures, vessel motions, and fluid pressure, they are widely used to standardise operation and installation systems. Moreover, the development of innovative, flexible pipes that can efficiently function in challenging operations that are often incurred in the oil and gas industry is projected to augment the industry growth. The rising demand for sustainable pipes is further escalating the adoption of flexible polyethylene pipes, hence driving the growth of the market.

Flexible Pipes: Industry Definition and Segmentation:

Flexible pipes are products that are made up of various layers and can be configured. They typically consist of thermoplastics barriers and steel wires to enhance corrosion resistance and mechanical strength of pipes. Flexible pipes can be modulated and customised in accordance with applications and find their major application in the oil and gas industry.

Global Flexible Pipes Market by Segment

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The major raw materials of flexible pipes are:

  • High-Density Polyethylene
  • Polyamide
  • Polyvinylidene fluoride
  • Others
CAGR 2024-2032 - Market by Raw Material
High-Density Polyethylene 5.3%
Polyamide 4.9%
Polyvinylidene fluoride XX%
Others XX%

The market can be broadly categorised on the basis of its application segments into:

  • Onshore
  • Offshore
CAGR 2024-2032 - Market by Application
Onshore 5.4%
Offshore XX%
CAGR 2024-2032 - Market by Country
India 5.9%
Saudi Arabia 5.2%
China 5.0%
UK 4.6%
USA 4.4%
Canada XX%
Germany 4.3%
France XX%
Italy XX%
Japan XX%
Australia XX%
Brazil XX%
Mexico XX%

The EMR report looks into the regional markets of flexible pipes like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Region
Asia Pacific 5.3%
Middle East and Africa 5.1%
Latin America 4.9%
North America 4.5%
Europe 4.3%

Development of Innovative Flexible Pipes to Invigorate the Growth of the Market

The development of innovative flexible pipes to enhance the efficiency and functionality of systems is significantly contributing to the market growth. They also boost the production of end use products while enhancing the durability of the piping systems. Moreover, innovative flexible piping systems ease the installation and operation, hence eliminating the requirement of skilled labour forces, which is augmenting the growth of the flexible pipes industry. As the reliability and durability of innovative flexible pipes boost the development of offshore fields, they are increasingly adopted by leading companies, which is expected to drive the market growth of flexible pipes.

Global Flexible Pipes Market by Region

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In addition, the lightweight and simple system of flexible pipes aid in reducing operational risk while increasing their cost-effectiveness. Moreover, the growing demand for products with enhanced safety owing to the introduction of various stringent governments’ regulations and rising safety concerns regarding workers’ health is surging the deployment of flexible pipes to detect possible assets, which is projected to propel the growth of the flexible pipes industry in upcoming years.

Market Share by Country
Canada 2.6%
USA XX%
UK XX%
Germany XX%

Key Industry Players in the Global Flexible Pipes Market

The report presents a detailed analysis of the following key players in the global flexible pipes market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • National Oilwell Varco, Inc.
  • Baker Hughes Company
  • Magma Global Ltd.
  • FlexSteel Pipeline Technologies, Inc.
  • Shawcor Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Application
  • Region
Breakup by Raw Material
  • High-Density Polyethylene
  • Polyamide
  • Polyvinylidene fluoride
  • Others
Breakup by Application
  • Onshore
  • Offshore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • National Oilwell Varco, Inc.
  • Baker Hughes Company
  • Magma Global Ltd.
  • FlexSteel Pipeline Technologies, Inc.
  • Shawcor Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global flexible pipes market attained a value of nearly USD 999.04 million.

The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,506.49 million by 2032.

The major market drivers include the growing demand for flexible pipes in the residential, industrial, and commercial sectors and the extensive use of flexible pipes in the oil and gas sector.

The key trends guiding the market growth are the development of innovative flexible pipes, the rising demand for flexible pipes to enhance the cost-effectiveness of systems, and the growing focus on safety in industries due to stringent government regulations.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major raw materials of flexible pipes in the market are high-density polyethylene, polyamide, and polyvinylidene fluoride, among others.

The various applications of flexible pipes are onshore and offshore.

The major players in the market are National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., and Shawcor Ltd., among others.

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