Flexible Pipe Market worth 1.02 Billion USD by 2020
Flexible Pipe Market worth 1.02 Billion USD by 2020
The report "Flexible Pipe Market by Material (HDPE, PA, PVDF, and Others), by Application (Onshore, and
Offshore), by Region - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The Flexible Pipe
Market size is estimated to grow from the estimated USD 0.82 Billion in 2015 to USD 1.02 Billion by 2020, at a
CAGR of 3.7% between 2015 and 2020.
Download PDF of Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=132547188
Browse 78 market data Tables and 56 Figures spread through 149 Pages and in-depth TOC on "Flexible Pipe
Market - Global Trends & Forecasts to 2020"
http://www.marketsandmarkets.com/Market-Reports/flexible-pipes-market-132547188.html
Early buyers will receive 10% customization on this report.
Request for Customization of this Report at
http://www.marketsandmarkets.com/requestCustomization.asp?id=132547188
The market is driven by the increasing need for energy and high investments in oil & gas exploration and
production sector. The flexible pipes market in the Middle East & Africa and Central & South America are projected
to witness strong growth in the next five years. The demand for flexible pipes across these regions is reinforced by
increasing oil & gas exploration activities in Saudi Arabia, Tanzania, Brazil, and Mexico.
North America: The Largest Market for Flexible Pipes
North America is currently the largest market for flexible pipes in the world. The U.S. is the largest consumer of
flexible pipes in this region.
The favourable market forces driving the market for flexible pipes in North America are:
Presence of major manufacturers of flexible pipes in the region
Growing oil & gas explorations in the region
Discovery of shale oil & gas
Offshore: The Largest Application Segment of Flexible Pipe Market
Flexible pipes are used in the oil & gas industry in both offshore and onshore exploration & production. Onshore
and offshore are the main applications segments considered in the report. In 2015, the offshore application
segment is estimated to account for the largest market share, in terms of value. This application segment is also
projected to witness the highest CAGR between 2015 and 2020.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=132547188
HDPE: The Largest Material Segment of Flexible Pipe Market
Flexible pipes are manufactured with materials such as HDPE, PA, PVDF, and others. These are the widely used
materials for flexible pipes manufacturing. On the basis of material, HDPE accounted for the largest share of the
flexible pipes market in 2015 and is also projected to witness the highest CAGR between 2015 and 2020.
The key players in the global Flexible Pipe Market are National Oilwell Varco (U.S.), Technip (France), SoluForce
(Netherlands), Airborne Oil & Gas B.V. (Netherlands), DeepFlex (U.S.), and GE Oil & Gas (U.K.), among others.