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Wednesday, January 19, 2022

Global Flexible Pipes Market to be driven by the rising demand for flexible pipes as a substitute for traditional pipes in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Flexible Pipes Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global flexible pipes market, assessing the market based on its segments like raw material, application, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 871.2 million
  • Forecast CAGR (2022-2027): 4.67%
  • Forecast Market Size (2027): USD 1145.6 million

The market for flexible pipes has seen substantial growth due to factors such as the rising demand for flexible pipes as a substitute for traditional pipes. The increased incidence of pipe failure and leakage is driving the adoption of flexible pipes to improve the durability and flexibility of pipes in systems, boosting market growth. Flexible pipe is also useful for piping systems that regulate pressure and prevent subsurface drainage due to its corrosion resistance and strong mechanical strength. This is increasing the demand for flexible pipes in drainage systems in the residential, commercial, and industrial sectors, providing additional impetus to industry growth. The oil and gas industry's extensive use of flexible pipes is propelling the market forward. Flexible pipes are ideal for improving operational efficiency in the oil and gas industry because of their simple design and ease of use. They are frequently used to standardise operation and installation systems because they can function efficiently in high pressures, vessel motions, and fluid pressure. Furthermore, the development of innovative, flexible pipes capable of performing efficiently in the difficult operations that are commonly observed in the oil and gas industry is expected to boost industry growth. The growing need for environmentally friendly pipes is accelerating the adoption of flexible polyethylene pipes, which is propelling the market forward.

Industry Definition and Major Segments

Flexible pipes are products that may be modified and are made up of multiple layers. Thermoplastic barriers and steel wires are commonly used to improve the corrosion resistance and mechanical strength of pipes. Flexible pipes can be adjusted and customised to meet specific needs, and they are widely used in the oil and gas industry.

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Based on the raw materials, the market is divided into:

  • High-Density Polyethylene
  • Polyamide
  • Polyvinylidene fluoride
  • Others

Based on the application, the industry is divided into:

  • Onshore
  • Offshore

The regional markets for flexible pipes include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


Market Trends

The development of innovative flexible pipes to improve system efficiency and functionality is helping to propel the market forward. Furthermore, modern flexible piping technologies make installation and operation easier, reducing the need for expert labour and boosting the flexible pipes industry's growth. Because of the reliability and durability of innovative flexible pipes, which aid in the development of offshore fields, they are increasingly being embraced by major corporations, which is likely to fuel flexible pipe market expansion. Furthermore, the flexible pipe system's lightweight and simple design helps to reduce operating risk while enhancing cost-effectiveness. Furthermore, as a result of the implementation of various stringent government rules and rising safety concerns about workers' health, the deployment of flexible pipes to detect potential assets is soaring, which is expected to fuel the flexible pipes industry's growth in the upcoming years.

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Key Market Players

The major players in the market are National Oilwell Varco, Inc., Baker Hughes Company, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., among others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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