The article cited AMA's Global Flexible Pipe Market Study explored substantial growth with CAGR of 4.9%. According the report, Growing Acceptance of Engineering Grade Flexible Materials is one of the primary growth factors for the market. Rising Growth of Deepwater Exploration
is also expected to contribute significantly to the Flexible Pipe market. Overall, Offshore (Deepwater, Ultra-Deep Water and Subsea)
applications of Flexible Pipe, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as 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) may see astonishing sales in this Market and certainly improve revenue growth.
The Raw Material, such as High-Density Polyethylene, is boosting the Flexible Pipe market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Size, such as Diameter: 10mm, is boosting the Flexible Pipe market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Flexible Pipe market identified that the demand is rising in many different parts of the world as "Increasing Exploration of Horizontal Wells
". Furthermore, some recent industry insights like "In November 2023, Energy technology company Baker Hughes announced Tuesday the launch of its new PythonPipe portfolio, the latest in reinforced thermoplastic pipe (RTP) technology that enables faster installation, reduced time to first production and lower lifecycle emissions." is constantly making the industry dynamic. One of the challenges that industry facing is "Issue Related to Decreasing Crude Oil Prices and Concern Related to Large-Scale Manufacturing"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Flexible Pipe market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Flexible Pipe market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Flexible Pipe market tight? Which application/end-user category or Product Type [Risers, Flow Lines, Jumpers and Fluid Transfer Lines] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Flexible Pipe market and other related sub-markets covered in the study.
o Key & emerging players in the Flexible Pipe market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Flexible Pipe market size is calculated using market estimation process, the Flexible Pipe market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Flexible Pipe market size has been validated using both top-down and bottom-up approaches.