Lucintel Forecasts Flexible Pipe Market to Reach $1.7 Billion by 2027

Category: Business

According to the recent study the flexible pipe market is projected to reach an estimated $1.7 billion by 2027 from $1.2 billion in 2021, at a CAGR of 5.2% from 2021 to 2027. Growth in this market is primarily driven by increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials. Browse 98 figures / charts and 80 tables in this 178 -page report to understand trends, opportunities and forecast in flexible pipe market by type (risers, jumpers, flow lines, and fluid transfer lines), raw material (high-density polyethylene, polyamides, polyvinylidene fluoride, and others), application (offshore (deep water, ultra-deep water, and subsea) and onshore), and region (North America, Europe, Asia Pacific, and the Rest of the World). Download sample report by clicking on below link https://www.lucintel.com/flexible-pipe-market.aspx “High-density polyethylene market is expected to remain the largest segment during the forecast period.” Based on raw material, the flexible pipe market is segmented into high-density polyethylene, polyamides, polyvinylidene fluoride, and others. Lucintel forecasts that the high-density polyethylene market is expected to remain the largest segment due to its low cost and easy applicability. “Within the flexible pipe market, the offshore segment is expected to remain the largest application” Based on application the offshore segment is expected to witness the highest growth over the forecast period due to growing deep water, ultra-deep water, and subsea exploration activities. “Asia pacific will dominate the flexible pipe market in near future” APAC is expected to remain the largest market and witness the highest growth rate over the forecast period high demand from emerging economies. Download Brochure of this report by clicking on https://www.lucintel.com/flexible-pipe-market.aspx Major players of flexible pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NOV Inc., TechnipFMC, Prysmian Group, Baker Hughes Company, Future Pipe Industries, Strohm, Shawcor, ContiTech AG, Magma Global Ltd., and Pipelife Nederland B.V. are among the major flexible pipe providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flexible-pipe-market.aspx or helpdesk@lucintel.com