According to a new market report by Lucintel, the future of the flexible pipe market looks promising with opportunities in offshore and onshore applications. The global flexible pipe market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
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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. In this market, high-density polyethylene, polyamides, polyvinylidene, and fluoride are the major raw material types. Lucintel forecasts that high-density polyethylene will remain the largest raw material segment over the forecast period due to its low cost and easy applicability.
Within this market, offshore will remain the largest application segment over the forecast period due to increasing penetration in deep-water, ultra-water, and subsea applications.
North America will remain the largest market over the forecast period due to the presence of leading market players and a large number of oil & gas drilling activities in the US and Canada in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include new discoveries of potential reserves and increasing exploration of horizontal wells. National Oilwell Varco, Technipfmc, Prysmian Group, GE Oil & Gas, Shawcor, Pipelife Nederland, and Airborne Oil & Gas are among the major manufacturers in the flexible pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flexible pipe market by type, raw material, application, and region. Lucintel has prepared a comprehensive research report entitled "Global Flexible Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global flexible pipe market by type, raw material, application, and region as follows:
By Type [Value ($ Million) from 2014 – 2025]:
Risers
Jumpers
Flow Lines
Fluid Transfer Lines
By Raw Material [Value ($ Million) from 2014 – 2025]:
High-Density Polyethylene
Polyamides
Polyvinylidene Fluoride
Others
By Application [Value ($ Million) from 2014 – 2025]:
Deepwater
Ultra-deep water
Subsea
By Region [Value ($ Million) from 2014 – 2025]:
United States
Canada
Mexico
United kingdom
Germany
France
Italy
Spain
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.