Information presented in the report enables the new entrants and potential investors to make informed decisions by investing in the most lucrative options, thus leading to the growth of the overall flexible pipe market size.
According to the report added by Progressive Markets, the Global Flexible Pipe Market is anticipated to grow at a CAGR of 3.7% during 2015-2025. The report, titled "Global Flexible Pipe Market- by Type, by Application, and by Region- Size, Trend, Share, Opportunity Analysis & Forecast, 2015-2025", is a compilation of crucial data acquired from extensive analysis of the market, by research analysts and core industry experts.
Flexible pipes have gained widespread acceptance in the oil & gas industry. These pipes and tubes are extensively used to transport oils and liquids from one location to the other, especially through the seabed, or at construction sites and ores.
Flexible pipes are the ideal choice when it comes to transferring fluids from deep-water pipelines and platforms in the construction and oil-drilling processes. Compared to the conventional pipes, these pipes display high resistance to wear and corrosion, are lightweight, and offer superior mechanical properties such as consistent performance even at high temperature and pressure, high flexibility, and adhesiveness, thus making them suitable for harsh mining and drilling activities.
The adoption of engineering-grade materials has resulted in cost-effective and high-performance flexible pipes.
Drivers, Restraints & Opportunities:
The growth of the flexible pipe market can be attributed to the rise in activities such as exploration of oil & gas reserves. The increased consumption of these resources, in turn, results in the growing demand for drilling activities.
Oil & gas reserves act as an important economic source in the growth and development of a nation. With advancements in technology, new technologies to convert unproved resources into proved resources are constantly being developed.
More than 70% of the earth's crust is yet to be explored, thus resulting in a wide range of opportunities for new entrants to enter the market and expand their reach across the globe. Development of technologies related to the exploration of reserves and oil production, that is currently in the nascent stage, is expected to drive the growth of the flexible pipe market.
However, the stringent regulations imposed on oil & gas drilling activities restrict the growth of the global market. Strict directives and restrictions are imposed to curb the adverse effects on the environment.
The actions include air & water quality regulation, offshore regulation, and chemical management.
Flexible Pipe Market Key Segments:
The report analyzes the market across three major segments- type, application, and the geography. The types of raw materials used for manufacturing flexible pipes include polyamide, high-density polyethylene (HDPE), and others.
These pipes are widely used in off-shore as well as on-shore applications. Based on the geography, the presence of the market is analyzed across Asia-Pacific, Europe, North America, and LAMEA.
The flexible pipe market forecast for the duration 2017-2025 are made by closely monitoring the top contenders within the market framework and is based on past data that indicates the market trends and dynamic nature of the industry.
Leading players operating in the global flexible pipe industry include DeepFlex Inc., Flexpipe Systems Inc., GE Oil & Gas Inc., Pipelife Nederland B.V., ShawCor Ltd., Magma Global Ltd., FlexSteel Pipeline Technologies Inc., ContiTech AG, Prysmian S.p.A., and National Oilwell Varco L.P. These organizations account for a major part of the flexible pipe market share.
The report includes the key winning strategies adopted by the key players to gain a strong foothold in the industry and highlights the mergers, acquisitions, and partnerships between the players that influence the overall development of the global market.
Key Benefits of the report:
The flexible pipe industry analysis presents a comprehensive overview of key market dynamic factors, such as drivers, restraints, and opportunities, to provide a better understanding of the global market. Quantitative analysis of the current market enables the market players to identify the prevailing opportunities in terms of growth and profitability, whereas the qualitative analysis provides industrial insights on the potential and niche segments that exhibit favorable conditions for the rapid expansion of the flexible pipe market.
Porter's Five Forces Model evaluates the competitive scenario of the market and assists the market players in devising strategic business moves. Detailed flexible pipe market shares analysis (2014-2025) of the market segments is included in the study.
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