Flexible Pipe Market Scope
Flexible Pipe is a type of hose pipe or a rigid pipe which is flexible in nature, used to carry fluids from one point to another. These pipes offer a greater amount of features such as durability, high-pressure control, and leak resistance. These are majorly used in transporting oils or other liquids, mostly near the seabed. Increasing ongoing focus for transportation of oil and gas from offshore and subsea is driving the market for the flexible pipe.
The market study is being classified by Type (Risers, Flow Lines, Jumpers and Fluid Transfer Lines), by Application (Offshore (Deepwater, Ultra-Deep Water and Subsea) and Onshore) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Flexible Pipe market throughout the predicted period.
Evonik Industries (Germany), Chevron Phillips Chemical Company (United States), Solvay S.A. (Belgium), Technip Inc. (France), National Oilwell Varco, Inc. (United States), Prysmian Group (Italy), Shawcor Ltd. (Canada), GE Oil & Gas Corporation (United Kingdom), Pipelife Nederland B.V. (Netherlands), Magma Global Ltd. (United Kingdom), Airborne Oil & Gas B.V. (Netherlands) and ContiTech AG (Germany) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Flexible Pipe market by Type, Application and Region.
On the basis of geography, the market of Flexible Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. High-Density Polyethylene will boost the Flexible Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Diameter: 10mm will boost the Flexible Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Acceptance of Engineering Grade Flexible Materials
- Rising Growth of Deepwater Exploration
- Technological Advances in the Drilling Process
- Rising Demand for Non-Corrosive Pipes in Oil & Gas Industry
- Increasing Exploration of Horizontal Wells
- Growing Discovery of New Oil Reserves
- Stringent Regulations in Oil & Gas Industry
- Issue Related to Decreasing Crude Oil Prices
- Concern Related to Large-Scale Manufacturing
Key Target AudienceGlobal flexible pipe manufacturers, Research organizations and consulting companies, Organizations, associations, and alliances related to Flexible Pipe, Government bodies such as regulating authorities and policymakers. and Industry associations
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