Flexible Pipes Market Size, and Research Report 2023 by Production, Consumption Analysis, Product Types and Forecast to 2030

U.S (New York)– The “Flexible Pipes Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures.  In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.

The global flexible pipes market size was valued at $0.8 billion in 2019, and is anticipated to generate $1.2 billion by 2027. The market is projected to experience growth at a CAGR of 4.7% from 2020 to 2027. 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 & exploration as well as in production process. Corrosion is one of the major downsides associated with metal piping systems. Flexible pipes require protection from both inside and outside, thus impeding the hydraulic efficiency and further enhancing the performance of flexible pipes. High-density polyethylene (HDPE) pipes do not corrode or rust, and are unaffected by any biological growth, thus extending service life and ensuring 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.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.

Technological advancements in drilling processes have led to the development of the oil & gas industry, which, in turn, drives the growth of the global flexible pipe market. Technological advancements in flexible pipes have further enabled access for extremely remote locations such as deep water. However, as the oil & gas industry deals with the transport of crude oil, stringent regulations imposed on the materials used in pipes hamper the market growth. On the contrary, increase in horizontal exploration activities is anticipated to offer lucrative opportunity for the market expansion during the forecast period.

Polyamide flexible pipes provide prolonged durability, due to their mechanical properties, which make them suitable for use in industries such as machinery tools, packaging, and automation. In addition, polypropylene (PP) pipes and tubing exhibit enhanced durability and heat resistant properties. Thus, these pipes are ideal for use in transfer of gases or hot liquids or where higher pressure and temperature are expected. PP flexible pipes are further suggested for vacuum systems. Furthermore, PP plastic piping possess resistance to alkali and acids, however, they have poor resistance to aliphatic, aromatic, and chlorinated solvents.

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The global flexible pipes market is segmented into raw material, application, and region. Depending on raw material, the market is segregated into high-density polyethylene, polyamide, polyvinylidene fluoride, and others. On the basis of application, it is categorized into onshore and offshore. Region wise, the flexible pipes market analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Abrupt deterioration has witnessed in 2020 in the global macroeconomic situation, due to the outbreak of the COVID-19 pandemic. In response to this health emergency, governments in most countries have adopted containment measures, including travel bans, quarantines, and other public emergency measures, with serious repercussions on economic activity and the entire production system. Initial evidence is beginning to emerge of the impact of these measures on economic performance in the countries first affected by the epidemic. The impacted economies such as Italy, China, the UK, India, Spain, and the U.S. have witnessed slowdown in demand and the economic cycle.

KEY BENEFITS FOR STAKEHOLDERS
– The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the flexible pipes market from 2019 to 2027 to determine the prevailing opportunities.
– Comprehensive analysis of factors that drive and restrict flexible pipes market growth is provided.
– The flexible pipes market forecast and estimations are based on factors impacting the market growth, in terms of value.
– Profiles of leading players operating in the flexible pipes market are provided to understand the global competitive scenario.
– The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable flexible pipes market share.
– The flexible pipes market size is provided in terms of revenue.
– The report provides an in-depth analysis of the forecast along with the current and future flexible pipes market trends.

– Key Players
o National Oilwell Varco, Inc.
o Baker Hughes Company
o Magma Global Ltd.
o FlexSteel Pipeline Technologies, Inc.
o Shawcor Ltd.
o Pipelife Nederland B.V.
o Airborne Oil & Gas B.V.
o Technip FMC Plc.
o Prysmian Group
o ContiTech AG

KEY MARKET SEGMENTS

By Raw Material
– High-density Polyethylene
– Polyamide
– Polyvinylidene Fluoride
– Others

By End-use Industry
– Onshore
– Offshore

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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o South Africa
o Saudi Arabia
o Rest of LAMEA

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

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