Flexible Pipe Global Market Report 2023

“Flexible Pipe Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on flexible pipe market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for flexible pipe? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The flexible pipe market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Raw Material: High-density Polyethylene; Polyamides; Polyvinylidene Fluoride; Other Raw Materials

• 2) By Application: Offshore; On shore

• 3) By End Use Industry: Oil and Gas; Water Treatment Plants; Chemical and Petrochemicals; Mining; Pharmaceuticals; Food and Beverages; Other End-Use Industries

• Companies Mentioned: NOV Inc; GE Oil & Gas Corporation; TechnipFMC plc; Prysmian Group; Shawcor Ltd

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the flexible pipe market are NOV Inc., GE Oil & Gas Corporation, TechnipFMC plc, Prysmian Group, Shawcor Ltd., Baker Hughes, Chevron Phillips Chemical, LLC, Continental AG, DuPont de Nemours, Inc., Evonik Industries AG, FlexSteel Pipe, SoluForce, Solvay S.A., Strohm B.V., The ContiTech group,and Magma Global Ltd.

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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flexible pipe market is expected to reach $1.33 billion in 2027 at a CAGR of 4.5%.

The flexible pipe market consists of sales of plastic flexible water oil coolant pipes and hose pipes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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

North America was the largest region in the flexible pipes market in 2022. Middle East and Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible pipe report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main raw materials for flexible pipes are high-density polyethylene, polyamides, polyvinylidene fluoride, and others. High-density polyethylene (HDPE) refers to the monomer of an ethylene-based polymer. It is used in various applications such as offshore and onshore and are used in oil and gas, water treatment plants, chemicals and petrochemicals, mining, pharmaceuticals, food and beverages and others.

An increase in demand for oil and gas is driving the demand for the flexible pipe market going forward. Oil and gas refer to fuels that are extracted from the earth's surface. Flexible pipes are used in the oil and gas industry to meet technical requirements and solve the geometric constraints of water. The increase in demand for oil and gas is driving the flexible pipe market. For instance, according to Australian petroleum production and exploration association report published in 2021, in 2020, Australian petroleum liquids output climbed marginally to 169 million barrels, a 2% increase over 2019. Furthermore, in May 2021, a report was published by the Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas); the petroleum product production increased by 15.5% in May 2021 over May 2020, compared to a 30.9% increase in April 2021. Therefore, the increase in demand for oil and gas will drive the growth of the flexible pipe market.

Product innovations are a key trend gaining popularity in the flexible pipe market. Major companies in the market are focused on innovating new products to sustain their position in the market. For instance,in January 2021, Baker Hughes, a US-based manufacturer of flexible pipes, launched its innovative next-generation onshore composite flexible pipe. 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 and 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 important features.

In October 2022, Armacell, a Europe-based manufacturer and supplier of industrial foams and flexible insulation materials, acquired Austroflex Rohr-Isoliersysteme GmbH for an undisclosed amount. Through the acquisition, Armacell further increases its geographic reach and market exposure in Europe while bolstering its product line, industry knowledge, and production capacity to meet the needs of the energy-efficient and rapidly expanding pre-insulated pipe market. Austroflex Rohr-Isoliersysteme GmbH is an Austria-based company operating in technical insulation solutions, thermal solar pipe systems, and flexible pre-insulated pipe systems.

The countries covered in the flexible pipe market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The flexible pipes market research report is one of a series of new reports from The Business Research Company that provides flexible pipes market statistics, including flexible pipes industry global market size, regional shares, competitors with a flexible pipes market share, detailed flexible pipes market segments, market trends and opportunities, and any further data you may need to thrive in the flexible pipes industry. This flexible pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.