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Global Flexible Pipes Market: By Raw Material: High-Density Polyethylene, Polyamide, Polyvinylidene fluoride, Others; By Application: Onshore, Offshore; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Flexible Pipes Market Outlook
The global flexible pipes market attained a value of about USD 871.2 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.67% to reach nearly USD 1145.6 million by 2026.
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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.
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.
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The major raw materials of flexible pipes are:
- High-Density Polyethylene
- Polyamide
- Polyvinylidene fluoride
- Others
The market can be broadly categorised on the basis of its application segments into:
- Onshore
- Offshore
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.
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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.
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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Flexible Pipes Market Analysis
8.1 Key Industry Highlights
8.2 Global Flexible Pipes Historical Market (2018-2022)
8.3 Global Flexible Pipes Market Forecast (2023-2028)
8.4 Global Flexible Pipes Market by Raw Material
8.4.1 High-Density Polyethylene
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Polyamide
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Polyvinylidene fluoride
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Flexible Pipes Market by Application
8.5.1 Onshore
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Offshore
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Flexible Pipes Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Flexible Pipes Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Flexible Pipes Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Flexible Pipes Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Flexible Pipes Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Flexible Pipes Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 National Oilwell Varco, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Baker Hughes Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Magma Global Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 FlexSteel Pipeline Technologies, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Shawcor Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Flexible Pipes Market: Key Industry Highlights, 2018 and 2028
2. Global Flexible Pipes Historical Market: Breakup by Raw Material (USD Million), 2018-2022
3. Global Flexible Pipes Market Forecast: Breakup by Raw Material (USD Million), 2023-2028
4. Global Flexible Pipes Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Flexible Pipes Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Flexible Pipes Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Flexible Pipes Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Flexible Pipes Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Flexible Pipes Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Flexible Pipes Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Flexible Pipes Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Flexible Pipes Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Flexible Pipes Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Flexible Pipes Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Flexible Pipes Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Flexible Pipes Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Flexible Pipes Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Flexible Pipes Market Structure
Key Questions Answered in the Report
In 2020, the global flexible pipes market attained a value of nearly USD 871.2 million.
The market is projected to grow at a CAGR of 4.67% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1145.6 million by 2026.
The market is being aided by 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 industry.
The industry is projected to be driven by 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 industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major raw materials of flexible pipes in the industry are high-density polyethylene, polyamide, and polyvinylidene fluoride, among others.
The significant application segments in the market are onshore and offshore.
The major players in the industry are National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., and Shawcor Ltd., among others.
Analyst Review
The global flexible pipes market attained a value of nearly USD 871.2 million in 2020, driven by the extensive use of flexible pipes in the oil and gas industry. Aided by the rising demand for flexible pipes to enhance the cost-effectiveness of systems, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.67%. The market is projected to reach about USD 1145.6 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its raw materials, the flexible pipes industry can be segmented into high-density polyethylene, polyamide, and polyvinylidene fluoride, among others. On the basis of applications, the industry is divided into onshore and offshore. The major regional markets for flexible pipes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., and Shawcor Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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