Flexible Pipes Market | 2026-2031

Market Size & Opportunities

Global Demand Analysis & Sales Opportunities in Flexible Pipes Market

• The annual demand for flexible pipes was USD 1,837.9 million in 2025 and is expected to reach USD 1,975.7 million in 2026, up 7.5% than the value in 2025.

• During the forecast period (2026-2031), the market is expected to grow at a CAGR of 5.3%. The annual demand will reach USD 2,555.1 million in 2031, which is almost 1.3 times the demand in 2026.

• South America had a market share of 50% in 2025 generating the largest demand across regions.

• Flowlines application will continue to dominate in the coming years.

• Among the internal pressure sheath materials, PVDF is expected to be the most used material in coming years.

• Rough bore will continue to dominate the market by bore type in coming years.

• Among the use type, gas exploration uses are estimated to generate the highest demand throughout the forecast period.

• By diameter type, 5-7.5 Inch diameter is anticipated to remain dominant.

“According to our Senior Analyst at Stratview Research, the global flexible pipes market will generate a cumulative sales opportunity worth USD 13.6 billion during 2026-2031. During the next five years, PVDF, Risers, & South America are some of the high-opportunity segments to bank upon.”

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Market Statistics

Have a look at the sales opportunities presented by the flexible pipes market in terms of growth and market forecast.

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Market Dynamics

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, introduction of stringent government regulations is further propelling the demand for flexible pipes

Market Drivers

Growth in Deepwater and Ultra-Deepwater Oil & Gas Developments

Flexible pipes are preferred in deepwater projects due to their ability to withstand dynamic loading, vessel motion, and high-pressure environments. Major developments in Brazil, Guyana, Gulf of Mexico, West Africa, and the North Sea continue to drive demand.

Rising FPSO Deployments

Flexible risers and flowlines are extensively used in Floating Production Storage and Offloading (FPSO) systems. The increasing number of FPSO installations, particularly in Brazil and Guyana, directly increases flexible pipe consumption.

Increasing Offshore Investment and Project Sanctions

Higher offshore E&P spending and increasing Final Investment Decisions (FIDs) for subsea projects are expanding the addressable market for flexible pipes.  National oil companies and supermajors are accelerating investments in offshore reserves to support long-term energy security.

“As per the analyst, the global flexible pipe industry is evolving fast. While conducting the market analysis, and speaking with the leading players, it is quite clear that the next decade will be defined by the trends like “shift toward high-temperature and high-pressure (HTHP) flexible pipe systems and increasing adoption of flexible pipes in long-distance subsea tiebacks.”

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Market Challenges:

High Raw Material and Manufacturing Costs

Flexible pipes utilize specialized materials such as PVDF, PA11/PA12, steel armor wires, and corrosion-resistant alloys, resulting in significantly higher manufacturing costs than conventional rigid pipes. Volatility in polymer and steel prices can impact project economics and procurement decisions.

Integrity Management and Asset Life Concerns

Flexible pipes operating in deepwater environments are exposed to fatigue loading, permeation, corrosion, annulus pressure build-up, and armor wire degradation. Operators face increasing inspection, monitoring, and maintenance requirements to ensure long-term reliability and regulatory compliance.

Segments' Analysis

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By Application

“Flowlines is expected to maintain its dominance and continue to lead the market in the coming years.”

Based on the application type, the flexible pipes market is segmented as flowlines, risers, jumpers and tie-ins, and other applications. Flowlines dominate the market and is expected to maintain their dominance over the next five years as well. The application type is also likely to witness 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

By Diameter Type

“5-7.5 inch is anticipated to remain dominant, whereas Above 10-inch will be the fastest-growing over the years.”

Based on the diameter type, the flexible pipes market is segmented as <2.5 inch, 2.5-5 inch, 5-7.5 inch, 7.5-10 inch, and above 10-inch. 5-7.5 inch segment currently dominates the market and is expected to remain the most dominant segment over the next five years. The diameter type is also likely to be the fastest-growing segment during the forecast period of 2026 to 2031, as it offers optimal flow capacity, cost efficiency, and flexibility for deepwater flowlines and risers in complex offshore developments.

By Internal Pressure Sheath Material Type

Based on the internal pressure sheath material type, the flexible pipes market is segmented as PA, PVDF, PE, and XLPE/ITPE. PA segment currently dominates the market and PVDF is expected to be the most dominant segment over the next five years. The internal pressure sheath material type is expected to be one of the lucrative segments during the forecast period of 2026 to 2031, as increasing sour service conditions, higher temperature requirements, and need for superior chemical resistance are accelerating the shift toward advanced materials

By Use Type

Based on the use type, the flexible pipes market is segmented as oil production, multi-phase production, oil export/dead crude, gas, water, and others. Gas segment currently dominates the market and is expected to remain the most dominant segment over the next five years 2026 to 2031, as increasing offshore gas developments, subsea tiebacks, and rising demand for flexible solutions in high-pressure gas transport continue to accelerate segment growth

By Design Application Type

Based on the design application type, the flexible pipes market is segmented as sour and sweet. Sour segment currently dominates the market and is expected to remain the most dominant segment over the next five years 2026 to 2031, as increasing development of high-CO₂ and hydrogen sulfide-rich reservoirs drives demand for corrosion-resistant materials and advanced flexible pipe designs

By Bore Type

Based on the bore type, the flexible pipes market is segmented as rough bore and smooth bore. Rough bore segment currently dominates the market and is expected to remain the most dominant segment over the next five years 2026 to 2031, as increasing multiphase flow requirements, higher pressure conditions, and deepwater developments continue to favor robust, turbulence-tolerant rough bore designs.

Regional Analysis

“South America is projected to lead the flexible pipes market in terms of market share, while Africa is expected to register the fastest market growth, driven by evolving market trends and rising market demand, as highlighted in the market analysis.”

South America is expected to remain the largest market for flexible pipes during the forecast period. Offshore activities, including recovering oil & gas exploration activities, are the major factors behind the dominance of the region in the market. Furthermore, 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.

Africa, the second largest market, is expected to maintain its dominance in the coming five years, driven by offshore activities in countries including Nigeria and others. Recovering oil & gas activities in the region is primarily driving the demand for flexible pipes in the coming years. Furthermore, Africa region is likely to be the fastest-growing market during the forecast period 2026 to 2031.

“Analysis suggests that the Top 10 countries generate >80% of the annual sales for the flexible pipes. A few countries are the demand powerhouses and will drive the regional markets in big ways offering attractive business opportunities.”
 

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Competitive Landscape

The flexible pipes market has a concentrated and competitive structure with the presence of limited global and regional players. Some of the major players also manufacture flexible piping systems. Leading players hold excellent market positions with a vast product portfolio, a wide distribution network, and years of track record.

The following are the key players in the flexible pipes market.

• TechnipFMC

• Baker Hughes

• National Oilwell Varco (NOV)

• Prymsian Group

Note: The above list is not an exhaustive list of the key players in the market. If your company is active in this market and would like to be considered for inclusion in future editions of this study, please contact us at [email protected].  

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Recent Developments / Mergers & Acquisitions

Recent mergers & acquisitions and other developments in the flexible pipes market reflect evolving market trends, and impact the market. Below given are a few recent developments in the market –

• In 2021, Baker Hughes acquired a majority stake in Aptomar AS to enhance its subsea monitoring and flexible pipe integrity solutions, strengthening its position in the subsea production systems market and expanding digital surveillance capabilities for offshore installations.

• In 2022, National Oilwell Varco (NOV) partnered with Subsea7 through a joint venture to develop next-generation flexible pipe technology for ultra-deepwater applications, combining NOV's manufacturing expertise with Subsea7's installation and engineering capabilities to address the Gulf of Mexico and Brazil pre-salt markets.

• In 2023, Vallourec acquired assets from Tenaris's umbilical tubing division, consolidating its position in the premium steel tube segment for flexible pipes and umbilicals, and expanding its production capacity to serve the growing subsea control systems market in West Africa and Southeast Asia.

Research Methodology

Market Definition

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 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 ensues 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.

Report Structure

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

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Segmentation

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 flexible pipes market is segmented into the following categories:

Flexible Pipes Market, By Application Type

• Flowlines

• Risers

• Jumpers and Tie-Ins

• Others

Flexible Pipes Market, by Diameter Type

• <2.5 Inch

• 2.5–5 Inch

• 5–7.5 Inch

• 7.5–10 Inch

• Above 10-Inch

Flexible Pipes Market, by Internal Pressure Sheath Material Type

• PA

• PVDF

• PE

• XLPE/ITPE

Flexible Pipes Market, by Use Type

• Oil Production

• Multi-Phase Production

• Oil Export/Dead Crude

• Gas

• Water

• Others

Flexible Pipes Market, by Design Application

• Sour

• Sweet

Flexible Pipes Market, by Bore Type

• Rough Bore

• Smooth Bore

Flexible Pipes Market, By Region       

• North America (Country Analysis: the USA, Canada, and Mexico)

• Europe (Country Analysis: the UK, Russia, Norway, and Rest of Europe)

• Asia-Pacific (Country Analysis: China, Indonesia, India, and Rest of Asia-Pacific)

• South America (Country Analysis: Brazil, Guyana, and Others)

• Africa (Country Analysis: Nigeria, Angola, Namibia, and Others)

• Middle East (Country Analysis: Saudi Arabia, the UAE, Qatar, and Others

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Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s flexible pipes market realities and future market possibilities for the forecast period

The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process

This report offers high-quality insights and is the outcome of a 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

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data

We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)

• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]