Flexible Pipes for Oil and Gas Market to 2024: Market is Set to Grow at a CAGR of 4.1%
Flexible pipes are dynamic risers that are connected to subsea production equipment in topside facilities, which permit the flow of oil, gas, and water through them.
High density polyethylene (HDPE) pipes will continue to dominate the flexible pipes market for oil and gas industry during the forecast period. HDPE pipes have the highest consumption in most oil and gas activities because they are strong, tough, flexible, and easy to install as compared to other types. They are corrosion-free and can be easily welded by butt fusion or electrofusion couplers to confirm a total leak proof network. The consumption of HDPE pipes will increase in the coming years due to the rising number of offshore contracts being given to drilling companies in search of more oil.
The offshore segment dominates the market. Flexibles pipes are widely used in offshore applications, such as chemical injection pipes and risers. These pipes help to explore and develop petroleum reserves that are located under a water body, such as river, sea, lake, or ocean. Offshore drilling and production activities are increasing owing to the increasing importance of deep and ultra-deep water activities in regions like Africa and Central and South America. The applications of flexible pipes in products, such as coiled tubing, umbilical pipes, and risers for offshore production activities are projected to drive the market in the oil and gas industry during the predicted period.
The global Flexible Pipes for Oil and Gas market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Flexible Pipes for Oil and Gas volume and value at global level, regional level and company level. From a global perspective, this report represents overall Flexible Pipes for Oil and Gas market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
- GE Oil & Gas
- SoluForce
- Technip
- NOV
- Airborne Oil & Gas
- DeepFlex
- FlexSteel Pipeline Technologies
- FlexPipe Systems
- Prysmian Group
- ContiTech AG
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
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Segment by Regions
- North America
- Europe
- China
- Japan
Segment by Type
- HDPE
- PA
- PVDF
- Other
Segment by Application
- Onshore
- Offshore
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