The Flexible Pipe Global Market Report 2023, provides comprehensive information on the flexible pipe market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive Flexible Pipe Global Market Report for the year 2023, it is anticipated that the global flexible pipe market will experience notable expansion. Specifically, the market, which had a valuation of $1.06 billion in 2022, is forecasted to elevate to $1.12 billion in 2023. This remarkable growth trajectory manifests as a commendable compound annual growth rate (CAGR) of 5.8%, signaling robust economic prospects within the industry. Nevertheless, it is imperative to acknowledge the manifold challenges and complexities that have impeded the world’s path to post-pandemic economic revival, particularly in the immediate aftermath of the Russia-Ukraine conflict.
The ongoing war between these two nations has reverberated throughout the global economic landscape, initiating a sequence of far-reaching consequences. Notably, the conflict has triggered the imposition of economic sanctions on several countries, fostering a notable surge in commodity prices. Furthermore, supply chain disruptions have introduced an element of volatility into the market, exacerbating inflationary pressures across the spectrum of goods and services, thereby influencing a multitude of markets on a global scale.
Nevertheless, the global flexible pipe market exhibits remarkable resilience and an enduring trajectory of growth. It is poised to reach a market size of $1.33 billion by the year 2027, cultivating this expansion at a steady CAGR of 4.5%. Amidst this intricate landscape, one of the salient trends that has gained prominence is the continuous emphasis on product innovation within the flexible pipe market.
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Eminent companies operating within this sphere have proactively invested in the development of cutting-edge solutions to secure their positions in the competitive market. A compelling illustration of this forward-looking approach can be found in Baker Hughes, a distinguished U.S.-based manufacturer of flexible pipes. In January 2021, Baker Hughes introduced its pioneering next-generation onshore composite flexible pipe.
This innovative product represents a paradigm shift in the design of flowlines and oil and gas pipeline networks. Offering a lightweight alternative to traditional steel pipes, it is tailored to address corrosion and cost-related challenges in the energy sector. Notably, this environmentally sustainable solution stands out as an ecologically responsible choice, effectively mitigating resource-intensive demands associated with conventional onshore steel pipes. Not only does it embody environmental stewardship, but it also brings tangible economic benefits, reducing installed costs by more than 20%. These multifaceted attributes collectively underline the forward-thinking nature of product innovation within the flexible pipe market, underscoring its pivotal role in shaping the industry’s landscape.
The flexible pipe market is segmented:
1) By Raw Material: High-density Polyethylene, Polyamides, Polyvinylidene Fluoride, Other Raw Materials
2) By Application: Offshore, On shore
3) By End Use Industry: Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, Other End-Use Industries
Top 5 Major Players:
North America was the largest region in the flexible pipe market in 2022.
Table of contents :
1. Executive Summary
2. Flexible Pipe Market Characteristics
3. Flexible Pipe Market Trends And Strategies
4. Flexible Pipe Market – Macro Economic Scenario
5. Flexible Pipe Market Size And Growth
….
26. Africa Flexible Pipe Market
27. Flexible Pipe Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flexible Pipe Market
29. Flexible Pipe Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Flexible Pipe Market, Segmentation By Raw Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Flexible Pipe Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Flexible Pipe Market, Segmentation By End Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: NOV Inc Financial Performance
Table 47: GE Oil & Gas Corporation Financial Performance
Table 48: TechnipFMC plc Financial Performance
Table 49: Prysmian Group Financial Performance
Table 50: Shawcor Ltd Financial Performance
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