Dublin, May 26, 2023 (GLOBE NEWSWIRE) -- The "Flexible Pipes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Flexible Pipes Market to Reach $1.7 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Flexible Pipes estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. High-Density Polyethylene (HDPE), one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$639.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyamide segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $305.4 Million, While China is Forecast to Grow at 7.4% CAGR
The Flexible Pipes market in the U.S. is estimated at US$305.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$370.2 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Select Competitors (Total 46 Featured) -
- Airborne Oil & Gas B.V.
- ContiTech AG
- FlexSteel Pipeline Technologies, Inc.
- GE Oil & Gas
- Magma Global Limited
- National Oilwell Varco, Inc.
- Pipelife Nederland B.V.
- Prysmian Group
- Shawcor Ltd.
- TechnipFMC PLC
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.2 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Flexible Pipe Market to Witness Moderate Growth
- Flexible Pipes - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- New Oil Reserve Discoveries to Bolster Demand for Flexible Pipe Market
- Total Reserves in the US, Both Proven and Changes for the Years 2017-2018
- Introduction of Innovative and Technologically Advanced Process for Drilling to Support Market Growth of Flexible Pipes
- Increasing Demand for Non-corrosive Pipes Due to Increasing Need for Application in Oil & Gas Industry to Bolster Flexible Pipes Market Prospects
- Increase in Deepwater Exploration to Support Market Demand
- Global Liquids Output: Production in Million b/d
- Increasing demand for Oil & Gas Brighten-up Market Prospects of Flexible Pipes
- Supply and Demand of Oil (in Million Barrels a day) for OECD Countries: 2017-2020
- Global Oil Production in Thousand Barrels per Day: 1998-2018
- Increasing Demand for Non-corrosive Pipes Bolster Flexible Pipes Market Growth
- Drop in Crude Oil Prices to Challenge Market Growth of Flexible Pipes Market
- Increase in Horizontal Wells Exploration Drives Market Demand for Flexible Pipes
- Technological Advancements in Oil Drilling to Bolster Market Growth
- Stringent Regulations Governing the Oil & Gas Sector to Slow Down Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vfmrrw
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