Flexible Pipes for Oil and Gas Market Size, Trends and Insights By Type (Thermoplastic, Hybrid, Composite), By Application (Production, Injection Lines, Water Injection, Others), By Material (High-Density Polyethylene (HDPE), Polyvinylidene Fluoride (PVDF), Polyamides, Others), By Function (Exploration, Production, Refining, Distribution), By End-Use Industry (Offshore, Onshore), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- TechnipFMC plc
- National Oilwell Varco Inc.
- Prysmian Group
- Airborne Oil & Gas B.V.
- Magma Global Ltd.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Flexible Pipes for Oil and Gas Market is expected to record a CAGR of 2.8% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1,300.6 Million. By 2032, the valuation is anticipated to reach USD 1,667.6 Million.
The flexible pipes for the oil and gas market involve the manufacturing, distribution, and utilization of adaptable piping systems designed for the efficient transportation of hydrocarbons in challenging oil and gas environments. These flexible pipes, made from materials like thermoplastics and composites, offer durability, resistance to corrosion, and operational flexibility.
Key applications include offshore and onshore projects, supporting exploration, production, and distribution activities. The market is driven by technological innovations, increased focus on cost-efficiency, and the growing demand for reliable infrastructure in both traditional and unconventional oil and gas exploration.
Flexible Pipes for Oil and Gas Market – Significant Growth Factors
The Flexible Pipes for Oil and Gas Market presents significant growth opportunities due to several factors:
- Increasing Offshore Exploration: The growing focus on offshore oil and gas exploration activities is a key driver. Flexible pipes are essential in such environments due to their ability to withstand dynamic seabed conditions, making them crucial for offshore drilling and production.
- Technological Advancements: Ongoing advancements in flexible pipe materials and manufacturing technologies drive market growth. Innovations in materials like composites enhance durability and performance, meeting the industry’s demand for more resilient and efficient solutions.
- Rising Demand for Cost-Efficient Solutions: Flexible pipes offer cost-effective alternatives to traditional rigid pipes, reducing installation costs and operational risks. The industry’s emphasis on cost efficiency and operational flexibility contributes to the increased adoption of flexible piping systems.
- Exploration of Unconventional Resources: The exploration of unconventional oil and gas resources, including shale and tight oil, propels the demand for flexible pipes. These resources often require adaptable solutions to navigate complex reservoir conditions, where flexible pipes excel.
- Emerging Markets and New Exploration Frontiers: Opportunities lie in expanding into emerging markets and new exploration frontiers where there is a growing need for flexible pipe solutions. As energy demands rise globally, entering untapped regions presents avenues for market expansion.
- Innovation for Sustainable Solutions: The increasing focus on sustainability opens opportunities for innovations in flexible pipe materials and manufacturing processes. Developing eco-friendly, sustainable solutions aligns with industry trends and positions companies to cater to environmentally conscious consumers and regulatory requirements.
Flexible Pipes for Oil and Gas Market – Mergers and Acquisitions
The Flexible Pipes for Oil and Gas Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Flexible Pipes for Oil and Gas Market include:
- In 2021, Saipem S.p.A. and Saudi Aramco entered a long-term agreement for onshore activities, focusing on enhancing efficiency in existing facilities. Aligned with Saudi Aramco’s strategy to modernize facilities in the Eastern Province, this initiative signifies a commitment to long-term collaboration and operational improvements in the region.
- In 2019, National Oilwell Varco (NOV) completed a joint industry project, validating and demonstrating the installation and performance of a full-scale Seabox subsea water treatment module in a realistic subsea environment. The Seabox system facilitates direct seabed water treatment, enabling optimized water flooding and improved oil recovery by pumping treated water directly into the injection well.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Flexible Pipes for Oil and Gas Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Flexible Pipes for Oil and Gas Market | Portable Generator Market | Fire Pump Market |
| CAGR 2.8% (Approx) | CAGR 5% (Approx) | CAGR 4.2% (Approx) |
| USD 1,667.6 Million by 2032 | USD 7 Billion by 2032 | USD 708.23 Million by 2032 |
Flexible Pipes for Oil and Gas Market – Significant Threats
The Flexible Pipes for Oil and Gas Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Fluctuating Oil Prices: The market is vulnerable to fluctuations in oil prices, affecting capital expenditures in the oil and gas industry. Reduced investments during low oil prices can lead to project delays or cancellations, impacting the demand for flexible pipes.
- Global Economic Uncertainty: Economic uncertainties, geopolitical tensions, and global crises can disrupt investments in oil and gas projects. Uncertain economic conditions may lead to budget constraints and reduced spending on infrastructure, affecting the demand for flexible pipes.
- Intense Competition: The presence of numerous manufacturers and suppliers intensifies competition, leading to pricing pressures and reduced profit margins. Companies must constantly innovate and differentiate themselves to maintain market share in this competitive landscape.
- Regulatory Challenges: Evolving environmental and safety regulations in the oil and gas industry pose challenges. Compliance with stringent regulations may require additional investments and modifications to flexible pipe designs, impacting manufacturing costs and market competitiveness.
- Substitution by Alternative Materials: Advances in alternative materials or technologies for oil and gas infrastructure may pose a threat to traditional flexible pipes. If new materials or methods offer comparable performance at a lower cost, there is a risk of substitution, impacting the market share of flexible pipe solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 1,300.6 Million |
| Projected Market Size in 2032 | USD 1,667.6 Million |
| Market Size in 2022 | USD 1,265.2 Million |
| CAGR Growth Rate | 2.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application, Material, Function, End-Use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Type
- Thermoplastic: Thermoplastic flexible pipes for oil and gas use heat-responsive polymers. Their lightweight, corrosion-resistant nature contributes to ease of installation. Current trends show increased adoption due to their cost-effectiveness, durability, and adaptability, especially in offshore applications where weight reduction is crucial.
- Hybrid: Hybrid flexible pipes combine different materials, often combining metallic and non-metallic components. Trends highlight their versatility, offering enhanced strength and durability. Hybrid pipes are gaining popularity for their ability to withstand harsh conditions, providing solutions for varied oil and gas applications.
- Composite: Composite flexible pipes use advanced materials like carbon fibers in a resin matrix. Trends emphasize their superior strength, corrosion resistance, and reduced maintenance costs. Growing demand for lightweight, durable solutions in offshore and onshore operations drives the adoption of composite flexible pipes.
By Application
- Production: In the flexible pipes for oil and gas market, production applications involve the transportation of hydrocarbons from wells to processing facilities. Flexible pipes provide adaptability to dynamic environments, facilitating the efficient flow of oil and gas during production and increasing demand for durable and corrosion-resistant materials to enhance production efficiency and reliability.
- Injection Lines: Injection lines in the market refer to flexible pipes used for injecting fluids, such as water or chemicals, into oil reservoirs to enhance recovery. These pipes play a critical role in optimizing production processes. Growing emphasis on advanced materials for injection lines to improve chemical resistance and maintain operational integrity.
- Water Injection: Water injection applications involve the use of flexible pipes to transport water into oil reservoirs for secondary recovery methods. This process enhances pressure, promoting oil extraction efficiency. Increasing adoption of flexible pipes with enhanced corrosion resistance and durability for sustainable water injection practices.
- Others: The “Others” category encompasses diverse applications in the flexible pipes market, such as gas injection, gas lift, and various specialized uses across the oil and gas industry. Customization and development of flexible pipes tailored for specific applications, meeting evolving industry demands for versatile solutions.
By Material
- High-Density Polyethylene: HDPE is a thermoplastic known for its high strength, flexibility, and resistance to corrosion. In the flexible pipes market, HDPE is widely used due to its durability and adaptability, making it suitable for various oil and gas applications. Increasing adoption of HDPE in flexible pipes, driven by its superior properties, including chemical resistance, ease of installation, and cost-effectiveness.
- Polyvinylidene Fluoride (PVDF): PVDF is a high-performance fluoropolymer with excellent chemical resistance and durability. In the flexible pipes market, PVDF is employed for its ability to withstand harsh environments and aggressive fluids in oil and gas operations. Growing utilization of PVDF in flexible pipes, driven by its exceptional chemical resistance, thermal stability, and suitability for demanding applications.
- Polyamides: Polyamides, commonly known as nylon, are versatile polymers with high strength and flexibility. In the flexible pipes market, polyamides are used for their robustness and ability to withstand dynamic conditions in oil and gas operations. Increasing adoption of polyamides in flexible pipes, driven by their resilience, impact resistance, and suitability for various operational environments.
- Others: This category encompasses diverse materials like thermoplastics, composites, and alloys used in flexible pipes for oil and gas. These materials are chosen based on specific project requirements and environmental conditions. Growing innovation in materials within the “Others” category, with companies exploring advanced composites and hybrid materials to enhance the performance and durability of flexible pipes for diverse applications in the oil and gas sector.
By Function
- Exploration: In exploration, flexible pipes facilitate hydrocarbon transport during initial drilling and assessment. Increasing demand for flexible pipes in deepwater and unconventional exploration, driven by their adaptability to challenging seabed conditions and the rise in exploration activities in complex geological environments.
- Production: In production, flexible pipes transport hydrocarbons from wells to processing facilities, accommodating dynamic reservoir conditions. The growing use of flexible pipes in enhanced oil recovery projects and offshore production, emphasizing their resilience and efficiency in transporting produced fluids.
- Refining: In refining, flexible pipes aid in the transfer of refined products within the refining process. Increasing application of flexible pipes in refinery expansions and upgrades, catering to the need for reliable and durable piping solutions in refining operations.
- Distribution: In distribution, flexible pipes transport refined products from refineries to storage or distribution points. Rising adoption of flexible pipes for the distribution of refined products, especially in regions with challenging terrains, enabling efficient and cost-effective transport.
By End Use Industry
- Offshore: Flexible pipes for the offshore industry involve the production and utilization of adaptable piping systems for hydrocarbon transportation in challenging marine environments. Trends include increased adoption in deepwater projects, advancements in corrosion-resistant materials, and innovations to address dynamic seabed conditions, enhancing reliability in offshore exploration and production.
- Onshore: Onshore flexible pipes are employed for hydrocarbon transport in land-based oil and gas operations. Market trends include a focus on cost-efficient solutions, the incorporation of flexible pipes in unconventional resource exploration, and innovations to address diverse reservoir conditions, optimizing efficiency in onshore drilling and production.
Flexible Pipes for Oil and Gas Market – Regional Analysis
The Flexible Pipes for Oil and Gas Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, a prominent trend in the flexible pipes for oil and gas market is the acceleration of shale gas exploration. The region sees increased demand for flexible pipe solutions in unconventional resource projects, emphasizing adaptability to dynamic reservoir conditions and the integration of advanced technologies for efficient exploration and production.
- Europe: Europe exhibits a growing trend towards sustainable and eco-friendly solutions in the flexible pipes market. Increasing emphasis on environmental considerations drives innovations in materials and manufacturing processes, aligning with Europe’s commitment to green energy and sustainable practices in oil and gas infrastructure.
- Asia-Pacific: The Asia-Pacific region experiences a trend of rapid infrastructural development in emerging markets. Increasing energy demands drive the adoption of flexible pipes for efficient oil and gas transport. Technological advancements, coupled with extensive investments in infrastructure projects, support the growing use of flexible piping systems in the dynamic energy landscape of Asia-Pacific.
- LAMEA (Latin America, Middle East, and Africa): LAMEA demonstrates a trend of expanding exploration activities in the oil and gas sector, particularly in the Middle East. The region witnesses increased investments in offshore projects, driving the demand for flexible pipes to withstand challenging marine conditions. Collaborations and technological advancements further support market growth in LAMEA.
Competitive Landscape – Flexible Pipes for Oil and Gas Market
The Flexible Pipes for Oil and Gas Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- TechnipFMC plc
- National Oilwell Varco Inc.
- Prysmian Group
- Airborne Oil & Gas B.V.
- Magma Global Ltd.
- Shawcor Ltd.
- ContiTech AG
- Soluforce, a Pipelife company
- Baker Hughes Company
- Saipem S.p.A.
- FlexSteel Pipeline Technologies Inc.
- DeepFlex Inc.
- Flexpipe Systems
- Ge Oil & Gas
- Wellstream Holdings AS
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New entrants like Flexpipe Systems and Soluforce are adopting innovation and development strategies to penetrate the flexible pipes for oil and gas market. Established players such as TechnipFMC, National Oilwell Varco, and Prysmian Group dominate through extensive R&D investments, diverse product portfolios, and strategic collaborations.
These key players leverage their global reach, advanced manufacturing capabilities, and technological expertise to deliver high-performance solutions. Their dominance is reinforced by a focus on cost-efficiency, operational flexibility, and a commitment to sustainability, positioning them as industry leaders in a market driven by complex challenges and evolving energy demands.
The Flexible Pipes for Oil and Gas Market is segmented as follows:
By Type
- Thermoplastic
- Hybrid
- Composite
By Application
- Production
- Injection Lines
- Water Injection
- Others
By Material
- High-Density Polyethylene (HDPE)
- Polyvinylidene Fluoride (PVDF)
- Polyamides
- Others
By Function
- Exploration
- Production
- Refining
- Distribution
By End-Use Industry
- Offshore
- Onshore
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Flexible Pipes for Oil and Gas Market, (2024 – 2033) (USD Million)
- 2.2 Global Flexible Pipes for Oil and Gas Market: snapshot
- Chapter 3. Global Flexible Pipes for Oil and Gas Market – Industry Analysis
- 3.1 Flexible Pipes for Oil and Gas Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing Offshore Exploration
- 3.2.2 Technological Advancements
- 3.2.3 Rising Demand for Cost-Efficient Solutions
- 3.2.4 Exploration of Unconventional Resources
- 3.2.5 Emerging Markets and New Exploration Frontiers
- 3.2.6 Innovation for Sustainable Solutions.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Material
- 3.7.4 Market Attractiveness Analysis By Function
- 3.7.5 Market Attractiveness Analysis By End-Use Industry
- Chapter 4. Global Flexible Pipes for Oil and Gas Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Flexible Pipes for Oil and Gas Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Flexible Pipes for Oil and Gas Market – Type Analysis
- 5.1 Global Flexible Pipes for Oil and Gas Market Overview: By Type
- 5.1.1 Global Flexible Pipes for Oil and Gas Market Share, By Type, 2022 and – 2033
- 5.2 Thermoplastic
- 5.2.1 Global Flexible Pipes for Oil and Gas Market by Thermoplastic, 2024 – 2033 (USD Million)
- 5.3 Hybrid
- 5.3.1 Global Flexible Pipes for Oil and Gas Market by Hybrid, 2024 – 2033 (USD Million)
- 5.4 Composite
- 5.4.1 Global Flexible Pipes for Oil and Gas Market by Composite, 2024 – 2033 (USD Million)
- 5.1 Global Flexible Pipes for Oil and Gas Market Overview: By Type
- Chapter 6. Global Flexible Pipes for Oil and Gas Market – Application Analysis
- 6.1 Global Flexible Pipes for Oil and Gas Market Overview: By Application
- 6.1.1 Global Flexible Pipes for Oil and Gas Market Share, By Application, 2022 and – 2033
- 6.2 Production
- 6.2.1 Global Flexible Pipes for Oil and Gas Market by Production, 2024 – 2033 (USD Million)
- 6.3 Injection Lines
- 6.3.1 Global Flexible Pipes for Oil and Gas Market by Injection Lines, 2024 – 2033 (USD Million)
- 6.4 Water Injection
- 6.4.1 Global Flexible Pipes for Oil and Gas Market by Water Injection, 2024 – 2033 (USD Million)
- 6.5 Others
- 6.5.1 Global Flexible Pipes for Oil and Gas Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Flexible Pipes for Oil and Gas Market Overview: By Application
- Chapter 7. Global Flexible Pipes for Oil and Gas Market – Material Analysis
- 7.1 Global Flexible Pipes for Oil and Gas Market Overview: By Material
- 7.1.1 Global Flexible Pipes for Oil and Gas Market Share, By Material, 2022 and – 2033
- 7.2 High-Density Polyethylene (HDPE)
- 7.2.1 Global Flexible Pipes for Oil and Gas Market by High-Density Polyethylene (HDPE), 2024 – 2033 (USD Million)
- 7.3 Polyvinylidene Fluoride (PVDF)
- 7.3.1 Global Flexible Pipes for Oil and Gas Market by Polyvinylidene Fluoride (PVDF), 2024 – 2033 (USD Million)
- 7.4 Polyamides
- 7.4.1 Global Flexible Pipes for Oil and Gas Market by Polyamides, 2024 – 2033 (USD Million)
- 7.5 Others
- 7.5.1 Global Flexible Pipes for Oil and Gas Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Flexible Pipes for Oil and Gas Market Overview: By Material
- Chapter 8. Global Flexible Pipes for Oil and Gas Market – Function Analysis
- 8.1 Global Flexible Pipes for Oil and Gas Market Overview: By Function
- 8.1.1 Global Flexible Pipes for Oil and Gas Market Share, By Function, 2022 and – 2033
- 8.2 Exploration
- 8.2.1 Global Flexible Pipes for Oil and Gas Market by Exploration, 2024 – 2033 (USD Million)
- 8.3 Production
- 8.3.1 Global Flexible Pipes for Oil and Gas Market by Production, 2024 – 2033 (USD Million)
- 8.4 Refining
- 8.4.1 Global Flexible Pipes for Oil and Gas Market by Refining, 2024 – 2033 (USD Million)
- 8.5 Distribution
- 8.5.1 Global Flexible Pipes for Oil and Gas Market by Distribution, 2024 – 2033 (USD Million)
- 8.1 Global Flexible Pipes for Oil and Gas Market Overview: By Function
- Chapter 9. Global Flexible Pipes for Oil and Gas Market – End-Use Industry Analysis
- 9.1 Global Flexible Pipes for Oil and Gas Market overview: By End-Use Industry
- 9.1.1 Global Flexible Pipes for Oil and Gas Market share, By End-Use Industry, 2022 and – 2033
- 9.2 Offshore
- 9.2.1 Global Flexible Pipes for Oil and Gas Market by Offshore, 2024 – 2033 (USD Million)
- 9.3 Onshore
- 9.3.1 Global Flexible Pipes for Oil and Gas Market by Onshore, 2024 – 2033 (USD Million)
- 9.1 Global Flexible Pipes for Oil and Gas Market overview: By End-Use Industry
- Chapter 10. Flexible Pipes for Oil and Gas Market – Regional Analysis
- 10.1 Global Flexible Pipes for Oil and Gas Market Regional Overview
- 10.2 Global Flexible Pipes for Oil and Gas Market Share, by Region, 2022 & – 2033 (USD Million)
- 10.3. North America
- 10.3.1 North America Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.3.1.1 North America Flexible Pipes for Oil and Gas Market, by Country, 2024 – 2033 (USD Million)
- 10.3.1 North America Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.4 North America Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033
- 10.4.1 North America Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033 (USD Million)
- 10.5 North America Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033
- 10.5.1 North America Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033 (USD Million)
- 10.6 North America Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033
- 10.6.1 North America Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033 (USD Million)
- 10.7 North America Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033
- 10.7.1 North America Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033 (USD Million)
- 10.8 North America Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033
- 10.8.1 North America Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033 (USD Million)
- 10.9. Europe
- 10.9.1 Europe Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.9.1.1 Europe Flexible Pipes for Oil and Gas Market, by Country, 2024 – 2033 (USD Million)
- 10.9.1 Europe Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.10 Europe Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033
- 10.10.1 Europe Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033 (USD Million)
- 10.11 Europe Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033
- 10.11.1 Europe Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033 (USD Million)
- 10.12 Europe Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033
- 10.12.1 Europe Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033 (USD Million)
- 10.13 Europe Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033
- 10.13.1 Europe Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033 (USD Million)
- 10.14 Europe Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033
- 10.14.1 Europe Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033 (USD Million)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.15.1.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by Country, 2024 – 2033 (USD Million)
- 10.15.1 Asia Pacific Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.16 Asia Pacific Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033
- 10.16.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033 (USD Million)
- 10.17 Asia Pacific Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033
- 10.17.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033 (USD Million)
- 10.18 Asia Pacific Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033
- 10.18.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033 (USD Million)
- 10.19 Asia Pacific Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033
- 10.19.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033 (USD Million)
- 10.20 Asia Pacific Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033
- 10.20.1 Asia Pacific Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033 (USD Million)
- 10.21. Latin America
- 10.21.1 Latin America Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.21.1.1 Latin America Flexible Pipes for Oil and Gas Market, by Country, 2024 – 2033 (USD Million)
- 10.21.1 Latin America Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.22 Latin America Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033
- 10.22.1 Latin America Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033 (USD Million)
- 10.23 Latin America Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033
- 10.23.1 Latin America Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033 (USD Million)
- 10.24 Latin America Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033
- 10.24.1 Latin America Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033 (USD Million)
- 10.25 Latin America Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033
- 10.25.1 Latin America Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033 (USD Million)
- 10.26 Latin America Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033
- 10.26.1 Latin America Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033 (USD Million)
- 10.27. The Middle East and Africa
- 10.27.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.27.1.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Country, 2024 – 2033 (USD Million)
- 10.27.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, 2024 – 2033 (USD Million)
- 10.28 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033
- 10.28.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Type, 2024 – 2033 (USD Million)
- 10.29 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033
- 10.29.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Application, 2024 – 2033 (USD Million)
- 10.30 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033
- 10.30.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Material, 2024 – 2033 (USD Million)
- 10.31 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033
- 10.31.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by Function, 2024 – 2033 (USD Million)
- 10.32 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033
- 10.32.1 The Middle-East and Africa Flexible Pipes for Oil and Gas Market, by End-Use Industry, 2024 – 2033 (USD Million)
- Chapter 11. Company Profiles
- 11.1 TechnipFMC plc
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 National Oilwell Varco Inc.
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Prysmian Group
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Airborne Oil & Gas B.V.
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Magma Global Ltd.
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Shawcor Ltd.
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 ContiTech AG
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Soluforce
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 a Pipelife company
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Baker Hughes Company
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Saipem S.p.A.
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 FlexSteel Pipeline Technologies Inc.
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 DeepFlex Inc.
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Flexpipe Systems
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 Ge Oil & Gas
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Wellstream Holdings AS
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.17 Others.
- 11.17.1 Overview
- 11.17.2 Financials
- 11.17.3 Product Portfolio
- 11.17.4 Business Strategy
- 11.17.5 Recent Developments
- 11.1 TechnipFMC plc
List Of Figures
Figures No 1 to 37
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- TechnipFMC plc
- National Oilwell Varco Inc.
- Prysmian Group
- Airborne Oil & Gas B.V.
- Magma Global Ltd.
- Shawcor Ltd.
- ContiTech AG
- Soluforce, a Pipelife company
- Baker Hughes Company
- Saipem S.p.A.
- FlexSteel Pipeline Technologies Inc.
- DeepFlex Inc.
- Flexpipe Systems
- Ge Oil & Gas
- Wellstream Holdings AS
- Others
FAQs
The key factors driving the Market are Increasing Offshore Exploration, Technological Advancements, Rising Demand for Cost-Efficient Solutions, Exploration of Unconventional Resources, Emerging Markets and New Exploration Frontiers And Innovation for Sustainable Solutions.
The “Thermoplastic” category dominated the market in 2022.
The key players in the market are TechnipFMC plc, National Oilwell Varco Inc., Prysmian Group, Airborne Oil & Gas B.V., Magma Global Ltd., Shawcor Ltd., ContiTech AG , Soluforce, a Pipelife company, Baker Hughes Company, Saipem S.p.A., FlexSteel Pipeline Technologies Inc., DeepFlex Inc., Flexpipe Systems, Ge Oil & Gas , Wellstream Holdings AS, Others.
“Asia-Pacific” had the largest share in the Flexible Pipes for Oil and Gas Market.
The global market is projected to grow at a CAGR of 2.8% during the forecast period, 2023-2032.
The Flexible Pipes for Oil and Gas Market size was valued at USD 1,300.6 Million in 2023.