According to the recent study the global flexible pipe market is projected to reach an estimated $2 billion by 2030 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
Browse 98 figures/charts
and 80 tables in this 178-page report to understand trends, opportunities and
forecast in global flexible pipe market by type (risers, jumpers, flow lines,
and fluid transfer lines), raw material (high-density polyethylene, polyamides,
polyvinylidene fluoride, and others), application (offshore (deep water,
ultra-deep water, and subsea) and onshore), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel forecasts that
high-density polyethylene are expected to remain the largest segment due to its
low cost and easy applicability.
Within the global
flexible pipe market, the offshore application is expected to be the largest
segment over the forecast period due to growing deep water, ultra-deep water,
and subsea exploration activities.
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flexible pipe market.
APAC is expected to
remain the largest market and witness the highest growth rate over the forecast
period high demand from emerging economies.
NOV Inc., TechnipFMC,
Prysmian Group, Baker Hughes Company, Future Pipe Industries, Strohm are the major suppliers in the flexible
pipe market.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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