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Research delivers insight into the flexible pipe market to show US$ 1,239.7 million by 2023 end

Industrial Market Research

The Global Flexible Pipe Market represents its costing, production, scope to increase its demand by 2023 year. The Flexible Pipe Market Report is based on Global key findings, Regional analysis, Growth factors and others. The Report helps to fasten the business across the globe and provides in-depth information.

GLOBAL FLEXIBLE PIPE MARKET Make an Inquiry about this news was valued at USD 848.4 Million in the year 2017. Global Flexible Pipe Market is further estimated to grow at a CAGR of 6.53% from 2017 to reach USD 1,239.7 Million by the year 2023.

North America region holds the maximum market share in 2017 and the Middle East & Africa region is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.

holds a notable market share in 2017 and is also projected to grow at a steady pace in the coming years.

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GE Oil & Gas Corporation (UK), TechnipFMC plc (UK), Prysmian Group (Italy), National Oilwell Varco (US), Shawcor Ltd. (Canada) are some of the key players in the Flexible Pipe Market with GE Oil & Gas Corporation holding considerable market share because of its better global presence both at production and at an operational level.

Rising research and development expenses to meet the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in the last 5 years.

Drivers:

             Increasing demand for Deepwater surveys

             Growing demand for rust-free pipes

Restraints:

             Strict laws of the Oil & Gas Industry

Opportunities:

             Detection of new oil reserves

Challenges:

             Production on a large scale

Segmentation on the basis of the application includes Onshore & Offshore of which the offshore segment is expected to hold the highest market share during the forecast period.

The offshore segment is also expected to grow at the highest CAGR of during the year 2018-2023.

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Key Benefits for Stakeholders

Flexible Pipe Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Application

Offshore

Onshore

By Raw Material

Polyvinylidene Fluoride

High-Density Polyethylene

Polyamides

Other

By Type

Jumpers

Risers

Fluid Transfer Lines

Flow Lines

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

GE Oil & Gas Corporation (UK)

TechnipFMC plc (UK)

Prysmian Group (Italy)

National Oilwell Varco (US)

Shawcor Ltd. (Canada)

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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