About Flexible Pipe
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.
Attributes | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
The flexible pipe market is global, with major markets in North America, Europe, Asia, and South America. The market is expected to grow in all of these regions, driven by factors such as increasing demand for oil and gas, deepwater exploration, and the development of new offshore wind farms. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Flexible Pipe market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flexible Pipe market by Type (Risers, Flow Lines, Jumpers and Fluid Transfer Lines), Application (Offshore (Deepwater, Ultra-Deep Water and Subsea) and Onshore) 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.
Influencing Trend:
Growing Acceptance of Engineering Grade Flexible Materials
Market Growth Drivers:
Rising Growth of Deepwater Exploration, Technological Advances in the Drilling Process and Rising Demand for Non-Corrosive Pipes in Oil & Gas Industry
Challenges:
Issue Related to Decreasing Crude Oil Prices and Concern Related to Large-Scale Manufacturing
Restraints:
Stringent Regulations in Oil & Gas Industry
Opportunities:
Increasing Exploration of Horizontal Wells and Growing Discovery of New Oil Reserves
Market Leaders and their expansionary development strategies
In July 2023, Tenaris has acquired Republic Tube LLC’s pipe processing facility in Houston, Texas, including land, buildings, and equipment. The plant, located on the northeast side of Houston, adds heat treatment and finishing lines, further complementing Tenaris’s existing operations in the south, and increasing its capacity to serve the domestic market. Approximately 400 people work at the facility.
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.
Key Target Audience
Global 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.