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Flexible Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global flexible pipe market reached a value of US$ 1.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.5 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A flexible pipe has a composite construction of layers of various materials that enable large amplitude deflections without causing damage to the pipe. It comprises leakproof thermoplastic barriers and corrosion-resistant steel wires, which gives the pipe high-pressure resistance, flexibility, and superior dynamic behavior. It eases spooling on reels for quick transportation, reduces time and technical ease of installation, and offers seabed accommodation and capacity for reuse. As a result, it finds extensive applications in the oil and gas, chemical, power generation, and water treatment industries across the globe.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Flexible Pipe Market Trends:

At present, there is a rise in exploration activities around the world due to the increasing demand for energy and improved metals. This, along with the growing use of non-corrosive pipes in the oil and gas industry, represents one of the key factors driving the market. Moreover, the increasing utilization of flexible pipes in horizontal drilling and lateral drilling for boring new reservoirs, is stimulating the growth of the market. In addition, technological advances in different drilling process that enable access to remote locations, unconventional formations, and deep-water regions are positively influencing the market. Besides this, the escalating demand for petroleum in the transport sector due to the rising number of passenger cars worldwide is offering lucrative growth opportunities to key market players. Additionally, as it offers high-durability and heat resistant properties, there is an increase in the employment of flexible pipes in transferring gases or hot liquids. Apart from this, the rising adoption of engineering-grade flexible materials in offshore and onshore activities due to their low weight and high tensile strength is propelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global flexible pipe market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on raw material, application and end use industry.

Breakup by Raw Material:

  • High-density Polyethylene
  • Polyamide
  • Polyvinylidene Fluoride
  • Others
     

Breakup by Application:

 

 
 

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  • Onshore
  • Offshore
     

Breakup by End Use Industry:

  • Oil and Gas
  • Water Treatment Plants
  • Chemical and Petrochemicals
  • Mining
  • Pharmaceuticals
  • Food and Beverages
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Chevron Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V. and TechnipFMC plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Raw Material, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Baker Hughes Company, Chevron Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V. and TechnipFMC plc
Customization Scope 10% Free Customization
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1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Flexible Pipe Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Raw Material
    6.1    High-density Polyethylene
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Polyamide
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Polyvinylidene Fluoride
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Onshore
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Offshore
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Oil and Gas
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Water Treatment Plants
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Chemical and Petrochemicals
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Mining
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Pharmaceuticals
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Food and Beverages
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Baker Hughes Company
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Chevron Phillips Chemical Company LLC
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis
        14.3.3    Continental AG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    DuPont de Nemours Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Evonik Industries AG
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    FlexSteel Pipeline Technologies Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    General Electric Company
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    NOV Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Pipelife Nederland B.V. (Wienerberger AG)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Prysmian S.p.A.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Shell plc
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
        14.3.12    Solvay S.A.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Strohm B.V.
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
        14.3.14    TechnipFMC plc
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio
           14.3.14.3 Financials
           14.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Flexible Pipe Market: Major Drivers and Challenges
Figure 2: Global: Flexible Pipe Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Flexible Pipe Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Flexible Pipe Market: Breakup by Raw Material (in %), 2021
Figure 5: Global: Flexible Pipe Market: Breakup by Application (in %), 2021
Figure 6: Global: Flexible Pipe Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Flexible Pipe Market: Breakup by Region (in %), 2021
Figure 8: Global: Flexible Pipe (High-density Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Flexible Pipe (High-density Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Flexible Pipe (Polyamide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Flexible Pipe (Polyamide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Flexible Pipe (Polyvinylidene Fluoride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Flexible Pipe (Polyvinylidene Fluoride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Flexible Pipe (Other Raw Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Flexible Pipe (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Flexible Pipe (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Flexible Pipe (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Flexible Pipe (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Flexible Pipe (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Flexible Pipe (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Flexible Pipe (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Flexible Pipe (Water Treatment Plants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Flexible Pipe (Water Treatment Plants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Flexible Pipe (Chemical and Petrochemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Flexible Pipe (Chemical and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Flexible Pipe (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Flexible Pipe (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Flexible Pipe (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Flexible Pipe (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Flexible Pipe (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Flexible Pipe (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Flexible Pipe (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Flexible Pipe (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Flexible Pipe Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Flexible Pipe Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Flexible Pipe Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Flexible Pipe Industry: SWOT Analysis
Figure 84: Global: Flexible Pipe Industry: Value Chain Analysis
Figure 85: Global: Flexible Pipe Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Flexible Pipe Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Flexible Pipe Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 3: Global: Flexible Pipe Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Flexible Pipe Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Flexible Pipe Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Flexible Pipe Market: Competitive Structure
Table 7: Global: Flexible Pipe Market: Key Players

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Key Questions Answered in This Report

The global flexible pipe market was valued at US$ 1.15 Billion in 2021.

We expect the global flexible pipe market to exhibit a CAGR of 4.20% during 2022-2027.

The expanding petrochemical sector, along with the growing adoption of flexible pipes in transferring
gases and hot liquids, based on its high-durability and heat resistant properties, is primarily driving the
global flexible pipe market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
flexible pipes.

Based on the raw material, the global flexible pipe market has been segmented into high-density
polyethylene, polyamide, polyvinylidene fluoride, and others. Among these, high-density polyethylene
holds the majority of the total market share.

Based on the application, the global flexible pipe market can be divided into onshore and offshore.
Currently, offshore exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global flexible pipe market include Baker Hughes Company, Chevron
Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel
Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger
AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V., and TechnipFMC plc.

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