The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increase in oil and gas demand is expected to drive innovation in flexible pipe manufacturing, propelling the market during the forecast period.

The global flexible pipe market is expected to grow from $1.06 billion in 2022 to $1.12 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The flexible pipe market is expected to reach $1.33 billion in 2027 at a CAGR of 4.5%.

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Global Flexible Pipe Market Segments Include:

• By Raw Material: High-density Polyethylene, Polyamides, Polyvinylidene Fluoride, Other Raw Materials
• By Application: Offshore, On shore
• By End Use Industry: Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, Other End-Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global flexible pipe market in 2021.

Major Market Players in the flexible pipe market include NOV Inc., GE Oil & Gas Corporation, TechnipFMC plc, Prysmian Group, Shawcor Ltd., Baker Hughes, Chevron Phillips Chemical, LLC, Continental AG, DuPont de Nemours.

Product innovations are a key trend that is gaining traction in the flexible pipe market. To maintain their market position, major market players are focusing on developing new products. Baker Hughes, a flexible pipe manufacturer based in the United States, for example, will launch its innovative next-generation onshore composite flexible pipe in January 2021. This product has improved the fundamental design of flowlines and oil and gas pipeline networks. This lightweight flexible pipe was developed for the energy sector to address corrosion and cost challenges with conventional steel pipes. It also offers an environmentally friendly alternative to resource-intensive onshore steel pipes and reduces installed costs by more than 20%, which is one of its key features.

The Flexible Pipe Global Market Report 2023 provides a flexible pipe market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flexible pipe market forecast analyzes flexible pipe market size, flexible pipe market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Flexible pipes are unbonded and flexible pipes designed for the transfer of high-pressure and high-temperature fluids. The primary advantage of using flexible pipes is that they are fungus resistant.

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