A flexible pipe is a hollow tube designed to carry fluids from one location to another. Flexible pipes are used in offshore and onshore oil & gas exploration and production process. In the offshore applications (the largest application sector of the Flexible Pipe Market), flexible pipes are used in deep water, ultra-deep water, and subsea drilling processes.
Scope and Regional Forecast of the Flexible Pipe Market:
The Middle East & Africa Flexible Pipe Market is expected to be the fastest-growing market in the world between 2016 and 2021. In North America, Oil & Gas industry as well as Chemical industry is the major end users of flexible pipe.
The offshore application segment in the Flexible Pipe Market is the major contributor to the growth of flexible pipes in North America. The Europe is the second-largest consumer of flexible pipes, globally. The market in this region is mainly driven by the growing oil & gas industry and discoveries of new oil & gas reserves.
According to the IndustryARC research analysis studies on the Flexible Pipe Market, due to the benefits such as high-pressure control, lightweight, leak resistance, lower price flexible pipes are being used across industry verticals. However, Oil and gas, chemical Industry, power generation and water treatment are key end use industries during 2016-2021.
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Segmentation and Key Players of the Flexible Pipe Market:
The Flexible Pipe Market is segmented into various categories in the IndustryARC marketing research report by types, by application, by industry and by geography.
By type: insulated flexible pipe, metric flexible pipe, silicone flexible pipe and others
By material: stainless flexible pipe, aluminium flexible pipe, rubber flexible pipe, Teflon flexible pipe, PVC flexible pipe, high density polyethylene flexible pipe and others
By application: on shore, off shore (deep water, subsea)
By industry: oil & gas, mining, water treatment, chemical and petrochemical, manufacturing and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Flexible Pipe Market according to the IndustryARC research report are as follows:
The Flexible Pipe Market is a rapidly growing market with many applications of flexpipe in various end user industries across the globe. This market is expected to witness high growth for flexible tube and fittings due to its less maintenance cost and durability from different kinds of damages during 2016-2021.
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