Feb 16, 2021   SOURCE: BusinessWire

Global Flexible Pipe Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.com

The "Flexible Pipe Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The flexible pipe market was valued at USD 1,012 million in 2020, and it is expected to reach USD 1,308.44 million by 2026, with a CAGR of 4.44%, over the forecast period (2021-2026).

Companies Mentioned

  • National Oilwell Varco (NOV)
  • TechnipFMC PLC
  • The Prysmian Group
  • GE Oil & Gas Corporation
  • Shawcor Ltd
  • SoulForce (Pipelife Nederland B.V.)
  • Airborne Oil & Gas BV
  • Magma Global Ltd
  • ContiTech AG
  • Chevron Phillips Chemical Company LLC
  • Flexsteel Pipeline Technologies Inc.

Key Market Trends

Oil and Gas Industry to Drive the Market

  • The downstream product of oil and gas, i.e., petroleum, is widely used in cosmetic products. With the growth of disposable income and the increasing number of working women, the demand for cosmetics is increasing year-on-year.
  • This increasing demand for oil and gas requires effective transportation of oil and gas are under enormous physical and chemical stress. Further, the expansion of the transport sector by increasing the number of aviation carriers in the developed region as well as developing regions, along with the increase in the number of owners of passenger cars and vehicles will be driving the market for the oil industry.
  • The need for oil and gas does not only restrict to vehicles but it is also widely used in industries for running machines as well.
  • The transport sectors are the highest consumption oil and gas and thus, it will fuel the demand for flexible pipe market.

North America Holds the Largest Market Share

  • The United States is the largest market for flexible pipes in North America. The country's newfound shale resources and government policies, which aim at making the country the top oil and gas producer in the next few years, are expected to drive the demand for flexible pipes in the country.
  • For instance, with the US Department of Interior (DoI) planning to allow offshore exploratory drilling in about 90% of the outer continental shelf (OCS) acreage, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, the oil and gas sector in the region is expected to open up new opportunities to the market.
  • Further, according to the US Energy Information Administration, the United States will become a net energy exporter in 2020 and will remain so throughout the forecast period, as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production, coupled with slow growth in the US energy consumption.
  • The increase in demand for oil and gas will, in turn, boost the flexible pipe market during the forecast period in North America.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Demand for Non-corrosive Pipes in Oil and Gas Industry

4.3.2 Technological Advances in Drilling Process

4.4 Market Restraints

4.4.1 Fluctuating Oil Prices

4.5 Value Chain / Supply Chain Analysis

4.6 Industry Attractiveness - Porter's Five Forces Analysis

4.7 Technology Snapshot

5 MARKET SEGMENTATION

5.1 By Raw Material

5.1.1 High-density Polyethylene

5.1.2 Polyamides

5.1.3 Polyvinylidene Fluoride

5.1.4 Other Raw Materials

5.2 By Application

5.2.1 Offshore

5.2.1.1 Deepwater

5.2.1.2 Ultra-deepwater

5.2.2 On shore

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Latin America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/l5lx61