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(Transportation-News.com, December 14, 2018 )
Stratview Research announces the launch of a new research report on Flexible Pipes Market. This extensive report from Stratview Research, studies Flexible Pipes Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Flexible Pipes Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• by Raw Material Type (High-Density Polyethylene, Polyamides, Polyvinylidene Fluoride, Others)- HDPE is expected to remain the most dominant segment over the next five years.
• by line type (Risers, Flow Lines, Jumpers, Fluid Transfer Lines)
• by Application Type (Offshore, Onshore)- Offshore applications will be dominant application type.
• by Region (North America, Europe, Middle East & Africa, South America)- North America is expected to remain the largest market.
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Flexible Pipes Market Insights
The market for flexible pipes is likely to be prosperous in the coming years with significant growth opportunities in the entire market value chain. It is estimated that the global flexible pipes market is likely to recover in the coming years and will register a healthy CAGR of 5.3% during the forecast period. Recovery of oil & gas activities across regions coupled with an increasing acceptance of flexible pipes in various applications is the factor proliferating the growth of the market, owing to their cost effectiveness and superior performance than steel pipes. Additionally, the introduction of stringent government regulations is further propelling the demand for flexible pipes. As per Baker Hughes estimates, the worldwide rig count grew by 27.3% from the last year to reach an average of 2,029 rig counts in 2017.
The supply chain of this market comprises raw material suppliers, flexible pipes manufacturers, distributors, and oil & gas companies. Some of the key flexible pipe manufacturers are National Oilwell Varco, Inc., GE Oil & Gas Corporation, Magma Global Ltd., FlexSteel Pipeline Technologies, Inc., Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Technip FMC Plc., Prysmian Group, and ContiTech AG. The development of advanced products and formation of mergers & acquisitions are the major strategies adopted by the major players in order to remain competitive and to quickly gain the market share.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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