404
Flexible Pipes Market Report | Covid-19 Impact Analysis
Flexible Pipes Market by Raw Material (High-Density Polyethylene, Polyamides, Polyvinylidene Fluoride, and Others), by Type (Risers, Jumpers, and Fluid Transfer Lines), by Application Type (Offshore and Onshore), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Flexible Pipes Market by Raw Material (High-Density Polyethylene, Polyamides, Polyvinylidene Fluoride, and Others), by Type (Risers, Jumpers, and Fluid Transfer Lines), by Application Type (Offshore and Onshore), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Enquiry Form
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The market for flexible pipes is likely to be prosperous in the coming years with significant growth opportunities in the entire market value chain. It is estimated that the global flexible pipes market is likely to recover in the coming years and will register a healthy CAGR of 5.3% during the forecast period. Recovery of oil & gas activities across regions coupled with an increasing acceptance of flexible pipes in various applications is the factor proliferating the growth of the market, owing to their cost effectiveness and superior performance than steel pipes. Additionally, the introduction of stringent government regulations is further propelling the demand for flexible pipes. As per Baker Hughes estimates, the worldwide rig count grew by 27.3% from the last year to reach an average of 2,029 rig counts in 2017.
A flexible pipe is a hollow structure designed to transfer fluids or liquids from one location to another. It is widely used in offshore and onshore oil and gas exploration as well as in production process. Technological advancements are serving the evolution of flexible pipes. Corrosion is one of the major downsides allied with metal piping systems. It ensures both inside and outside the pipe; thus, significantly impeding the hydraulic efficiency. HDPE pipes do not corrode or rust and are unaffected by any biological growth, thus, offering extended service life and continuing cost savings. Flexible pipes are widely used for conveying liquids and fluids, such as crude oil. They can operate even under high pressure and temperature conditions.
Based on the raw material type, the flexible pipe market is segmented as HDPE, PA, PVDF, and Others. HDPE currently dominates the market and is expected to remain the most dominant segment over the next five years. The material type is also likely to be the fastest-growing segment during the forecast period of 2018 to 2023, propelled by its cost-effectiveness and outstanding physical properties.
Based on the application type, the flexible pipes market is segmented as offshore and onshore applications. Offshore applications dominate the market and are expected to maintain its dominance over the next five years as well. The application type is also likely to witness the higher growth over the next five years, propelled by a host of factors including an increased acceptance in various applications, such as risers, as well as increasing penetration in deep-water, ultra-water, and subsea applications.
Based on regions, North America is expected to remain the largest market for flexible pipes during the forecast period. Recovering oil & gas exploration activities is the major factor behind the dominance of the region in the market. Technological advancements in horizontal and pad drilling along with the richness of shale oil and gas are the other factors powering the growth of the global flexible pipes market in the region. The region is likely to be the fastest-growing market during the forecast period as well.
The Middle East & Africa, the second largest market, is expected to maintain its dominance in the coming five years, driven by Saudi Arabia, the UAE, and Nigeria. Recovering oil & gas activities in the region is primarily driving the demand for flexible pipes in the coming years.
The supply chain of this market comprises raw material suppliers, flexible pipes manufacturers, distributors, and oil & gas companies. Some of the key flexible pipe manufacturers are National Oilwell Varco, Inc., GE Oil & Gas Corporation, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG. The development of advanced products and formation of mergers & acquisitions are the major strategies adopted by the major players in order to remain competitive and to quickly gain the market share.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Research Scope |
|
Trend & Forecast Period |
2012-2023 |
Forecast |
5.3% CAGR during 2018-2023 |
Regions Covered |
North America, Middle East & Africa, Europe, Asia-Pacific, Rest of the World |
Countries/Subregions Covered |
The USA, Canada, Mexico, Saudi Arabia, the UAE, Qatar, Nigeria, Germany, Spain, France, Italy, the UK, Russia, China, Japan, India, South Korea, Brazil, Argentina and Others |
Figures & Tables |
>150 |
Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Flexible Pipes Market Size, Share & Forecast by Raw Material Type:
Flexible Pipes Market Size, Share & Forecast by Type:
Flexible Pipes Market Size, Share & Forecast by Application Type:
Flexible Pipes Market Size, Share & Forecast by Region:
This report, from Stratview Research, studies the flexible pipes market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
Driven by a number of factors like Recovery of oil & gas activities across regions, the Flexible Pipe Market is projected to grow at 5.3% CAGR during 2018-2023.
North America is expected to remain the largest market for flexible pipes during the forecast period of 2018-2023. Recovering oil & gas exploration activities is the major factor behind the dominance of the region in the market.
Offshore Application is projected to remain the most dominant application type in the market during the forecast period.
National Oilwell Varco, Inc., GE Oil & Gas Corporation, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG are among the key players in the Flexible Pipe Market.
Billing Information
404
We are sorry, Page not found!
The page you are looking for might have been removed had its name changed or is temporarily unavailable.
Back To HomepageMarket Research Reports | Consulting | Insights | Blog | Conferences | Careers | Subscribe | Sitemap | XML
Disclaimer | T&C - Privacy Policy | Cookies | Unsubscribe
© Copyright 2019 Stratview Research. Trademark of Radiant Offshore Consultancy LLP. All Rights Reserved.
Don't want insights worth $20,000 for free?
Give it a Thought!
We are offering insights worth more than $20,000 for Free! Only for registered users.
You will get access to :
Decision Makers / CXO Level Professionals from leading organizations have already started registering!
You can cancel your registration anytime with a single click