PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453895
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453895
Flexible Pipes Market Forecasts to 2030 - Global Analysis By Type (Flow Lines, Jumpers, Risers, Fluid Transfer Lines and Other Types), Raw Material Type, Application, and By Geography
According to Stratistics MRC, the Global Flexible Pipes Market is accounted for $1,219.0 million in 2023 and is expected to reach $1,881.9 million by 2030 growing at a CAGR of 6.4% during the forecast period. Flexible pipes are specially designed pipelines capable of bending and flexing to accommodate various conditions, such as seabed movements or dynamic fluid flows. Composed of layers including polymers, metals, and reinforcement materials, they offer durability and adaptability. Their construction allows for easy installation and maintenance, reducing downtime and operational costs. Flexible pipes ensure fluid transportation integrity in challenging environments, such as deep-sea drilling or subsea production, where traditional rigid pipelines may be impractical or vulnerable to damage.
According to the India Brand Equity Foundation (IBEF), power generation from renewable energy sources (natural gas) in India reached 127.01 billion units in FY20.
Market Dynamics:
Driver:
Growing subsea infrastructure investments
Governments, oil companies, and service providers are allocating substantial funds to develop subsea infrastructure to access these reserves efficiently and sustainably. These investments stem from the increasing demand for energy resources, particularly offshore oil and gas, and the exploration of deeper and more remote reserves. Moreover, as technological advancements continue to unlock previously inaccessible resources in deeper waters, the demand for flexible pipes is expected to rise further.
Restraint:
High initial investment
Flexible pipes are often made from specialized materials and require advanced manufacturing processes, which contributes to higher production costs compared to traditional rigid pipes. Additionally, the installation of flexible pipes may require specialized equipment, skilled labor, and engineering expertise, which further adds to the initial investment required. The upfront cost can be perceived as a barrier hindering market growth.
Opportunity:
Technological advancements
Innovations in materials science, manufacturing processes, and design capabilities contribute to the development of more durable, versatile, and efficient flexible pipe solutions. Ongoing research and development efforts focus on improving the design of flexible pipes to enhance their performance and longevity while minimizing maintenance requirements. Thus, this includes innovations in reinforcement structures, sealing mechanisms, and connection technologies, further enhancing the reliability and efficiency of flexible pipe systems.
Threat:
Lack of standardization
The absence of standardized testing and quality assurance procedures further compounds the issue. Without standardized specifications, there can be variations in the design, materials, and performance characteristics of flexible pipes. This lack of consistency makes it difficult for buyers to compare and evaluate products effectively. Additionally, the absence of industry-wide standards hampers innovation and research in the field of flexible pipes.
Covid-19 Impact
The COVID-19 pandemic has had significant negative impacts on the flexible pipe market, primarily due to disruptions in global supply chains, project delays, and decreased demand for oil and gas products. Supply chain disruptions, stemming from lockdowns, travel restrictions, and workforce shortages, have led to delays in the procurement of raw materials and components necessary for manufacturing flexible pipes. Moreover, the decline in oil prices resulting from reduced demand and oversupply has further dampened investment in offshore oil and gas projects, where flexible pipes are commonly used.
The jumpers segment is expected to be the largest during the forecast period
The jumpers segment is estimated to hold the largest share due to its crucial role in facilitating the connection between various subsea components, such as Christmas trees, manifolds, and flowlines, in offshore oil and gas operations. These connectors allow for quick and secure attachment to other subsea equipment. Additionally, they provide flexibility to accommodate movements caused by seabed topography changes, thermal expansion, and equipment installation or removal, thereby gradually propelling this segment's growth.
The polyvinylidene fluoride segment is expected to have the highest CAGR during the forecast period
The polyvinylidene fluoride segment is anticipated to have highest CAGR during the forecast period due to a significant portion of the industry driven by the unique properties and applications of this thermoplastic polymer. PVDF-based flexible pipes are well-suited for conveying corrosive fluids, such as hydrocarbons and chemicals, due to their resistance to a wide range of chemicals and solvents. Moreover, they offer flexibility and ease of installation, enabling efficient deployment in challenging offshore conditions, including deepwater and harsh environments, which boosts this segment's expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to the region's expanding offshore oil and gas activities, growing energy demand, and increasing investments in subsea infrastructure development. Countries such as Japan, China and India are key contributors to the market's growth in this region. Moreover, the region's vast coastline and extensive offshore reserves present abundant opportunities for flexible pipe deployment in both shallow and deepwater projects, further bolstering the demand for flexible pipes in the Asia Pacific region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period. Europe boasts a mature offshore oil and gas industry, with a long history of exploration and production in the North Sea and other offshore basins. Flexible pipes are widely utilized in these operations due to their ability to withstand the harsh conditions prevalent in the region, including rough seas, extreme temperatures, and corrosive environments. Furthermore, Europe's strong regulatory framework, including stringent safety and environmental standards, ensures the quality and reliability of flexible pipe systems deployed in the region.
Key players in the market
Some of the key players in the Flexible Pipes Market include TechnipFMC PLC, GE Oil & Gas Corporation, National Oilwell Varco (NOV), SoulForce, The Prysmian Group, Magma Global Ltd, Shawcor Ltd, Airborne Oil & Gas BV, ContiTech AG, Flexsteel Pipeline Technologies Inc. and Chevron Phillips Chemical Company LLC.
Key Developments:
In November 2023, Element Materials Technology announced the renewal of its strategic partnership with Magma Global (Portsmouth, U.K.), a TechnipFMC company that develops composite pipes to simplify subsea oil and gas architecture.
In August 2023, Technology Company Continental has launched its first private 5G network among European manufacturing sites at its display solutions plant in Brandys nad Labem.
Types Covered:
- Flow Lines
- Jumpers
- Risers
- Fluid Transfer Lines
- Other Types
Raw Material Types Covered:
- Polyamides
- Polyvinylidene Fluoride
- High-Density Polyethylene
- Other Raw Material Types
Applications Covered:
- Offshore
- Onshore
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Flexible Pipes Market, By Type
- 5.1 Introduction
- 5.2 Flow Lines
- 5.3 Jumpers
- 5.4 Risers
- 5.5 Fluid Transfer Lines
- 5.6 Other Types
6 Global Flexible Pipes Market, By Raw Material Type
- 6.1 Introduction
- 6.2 Polyamides
- 6.3 Polyvinylidene Fluoride
- 6.4 High-Density Polyethylene
- 6.5 Other Raw Material Types
7 Global Flexible Pipes Market, By Application
- 7.1 Introduction
- 7.2 Offshore
- 7.3 Onshore
- 7.4 Other Applications
8 Global Flexible Pipes Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 TechnipFMC PLC
- 10.2 GE Oil & Gas Corporation
- 10.3 National Oilwell Varco (NOV)
- 10.4 SoulForce
- 10.5 The Prysmian Group
- 10.6 Magma Global Ltd
- 10.7 Shawcor Ltd
- 10.8 Airborne Oil & Gas BV
- 10.9 ContiTech AG
- 10.10 Flexsteel Pipeline Technologies Inc.
- 10.11 Chevron Phillips Chemical Company LLC
List of Tables
- Table 1 Global Flexible Pipes Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 4 Global Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 5 Global Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 6 Global Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 7 Global Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 8 Global Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 9 Global Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 10 Global Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 11 Global Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 12 Global Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 13 Global Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 14 Global Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 15 Global Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 16 Global Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 17 North America Flexible Pipes Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 19 North America Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 20 North America Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 21 North America Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 22 North America Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 23 North America Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 24 North America Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 25 North America Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 26 North America Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 27 North America Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 28 North America Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 29 North America Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 30 North America Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 31 North America Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 32 North America Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 33 Europe Flexible Pipes Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 35 Europe Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 36 Europe Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 37 Europe Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 38 Europe Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 39 Europe Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 40 Europe Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 41 Europe Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 42 Europe Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 43 Europe Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 44 Europe Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 45 Europe Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 46 Europe Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 47 Europe Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 48 Europe Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 49 Asia Pacific Flexible Pipes Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 51 Asia Pacific Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 52 Asia Pacific Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 53 Asia Pacific Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 54 Asia Pacific Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 55 Asia Pacific Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 56 Asia Pacific Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 57 Asia Pacific Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 58 Asia Pacific Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 59 Asia Pacific Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 60 Asia Pacific Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 61 Asia Pacific Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 62 Asia Pacific Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 63 Asia Pacific Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 64 Asia Pacific Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 65 South America Flexible Pipes Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 67 South America Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 68 South America Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 69 South America Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 70 South America Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 71 South America Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 72 South America Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 73 South America Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 74 South America Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 75 South America Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 76 South America Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 77 South America Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 78 South America Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 79 South America Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 80 South America Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 81 Middle East & Africa Flexible Pipes Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Flexible Pipes Market Outlook, By Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Flexible Pipes Market Outlook, By Flow Lines (2021-2030) ($MN)
- Table 84 Middle East & Africa Flexible Pipes Market Outlook, By Jumpers (2021-2030) ($MN)
- Table 85 Middle East & Africa Flexible Pipes Market Outlook, By Risers (2021-2030) ($MN)
- Table 86 Middle East & Africa Flexible Pipes Market Outlook, By Fluid Transfer Lines (2021-2030) ($MN)
- Table 87 Middle East & Africa Flexible Pipes Market Outlook, By Other Types (2021-2030) ($MN)
- Table 88 Middle East & Africa Flexible Pipes Market Outlook, By Raw Material Type (2021-2030) ($MN)
- Table 89 Middle East & Africa Flexible Pipes Market Outlook, By Polyamides (2021-2030) ($MN)
- Table 90 Middle East & Africa Flexible Pipes Market Outlook, By Polyvinylidene Fluoride (2021-2030) ($MN)
- Table 91 Middle East & Africa Flexible Pipes Market Outlook, By High-Density Polyethylene (2021-2030) ($MN)
- Table 92 Middle East & Africa Flexible Pipes Market Outlook, By Other Raw Material Types (2021-2030) ($MN)
- Table 93 Middle East & Africa Flexible Pipes Market Outlook, By Application (2021-2030) ($MN)
- Table 94 Middle East & Africa Flexible Pipes Market Outlook, By Offshore (2021-2030) ($MN)
- Table 95 Middle East & Africa Flexible Pipes Market Outlook, By Onshore (2021-2030) ($MN)
- Table 96 Middle East & Africa Flexible Pipes Market Outlook, By Other Applications (2021-2030) ($MN)
