Global Flexible Pipe Market to Reach US$ 1.7 Billion by 2032, Fuelled by Growing Product Utilization Across Oil and Gas Industry

February 16, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­Flexible Pipe Market Report by Raw material (High-density polyethylene, Polyamide, Polyvinylidene fluoride, and Others), Application (Onshore, Offshore), End use industry (Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, and Others), and Region 2024-2032,” the global flexible pipe market size reached US$ 1.3 Billion in 2023. Flexible pipe is a multi-layered hollow tube fabricated from polyvinyl chloride (PVC), high-density polyethylene (HDPE), polyvinylidene fluoride (PVDF), fiberglass-reinforced polymer (FRP), polyamide (PA), and polypropylene (PP) materials. It encompasses layers of different components that allow substantial deflections without damaging the pipe. It further comprises corrosion-resistant steel wires and leak-proof thermoplastic barriers, which provide the structure with optimal flexibility, mechanical strength, dynamicity, and the ability to endure high temperatures under pressure conditions. Flexible pipes are cost-effective, easy to install, allow high flow rates, eliminate fluid loss, absorb vibrations and noises from compressors, and can be joined with connectors to channel liquids such as water, air, crude oil, and chemicals. Apart from this, flexible pipes can be modulated and customized per the requirements; thus, they find extensive application in the oil and gas, chemical, power generation, and water treatment operations.

Global Flexible Pipe Market Trends:

The large-scale demand for non-corrosive pipes in the oil and gas sector for performing various industrial applications represents a prime factor driving the market growth. This is further influenced by the escalating number of horizontal wells and the discovery of new oil reserves across the globe. Moreover, ongoing off-shore and onshore deep-water and subsea exploration activities and the increasing risk of leakages during operations are acting as another growth-inducing factor. In line with this, the implementation of numerous stringent safety standards by governments of several countries has prompted users to deploy flexible pipes in industries to ensure workers’ protection during the transfer of hot liquids, which, in turn, is contributing to the market growth. Additionally, the widespread product uptake in drainage systems of the residential, commercial, and industrial sectors, due to its high mechanical strength and corrosion-resistant properties, is propelling the market growth. Furthermore, technological advancements in drilling procedures and the adoption of engineering-grade flexible materials for manufacturing flexible pipes are supporting the market growth. Other factors, including the shifting consumer inclination towards sustainable pipes made from polyethylene and the advent of innovative product variants with enhanced efficiency and functionality, are positively impacting the market growth. Looking forward, the market value is projected to reach US$ 1.7 Billion by 2032, expanding at a CAGR of 3.58% during 2024-2032.

Market Summary:

  • On the basis of the raw material, the market is segregated into high-density polyethylene, polyamide, polyvinylidene fluoride, and others.
  • Based on the application, the market has been bifurcated into onshore and offshore.
  • On the basis of the end use industry, the market has been divided into oil and gas, water treatment plants, chemical and petrochemicals, mining, pharmaceuticals, food and beverages, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Flexible Pipe Market to Reach US$ 1.7 Billion by 2032, Fuelled by Growing Product Utilization Across Oil and Gas Industry
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More