Dublin, May 24, 2022 (GLOBE NEWSWIRE) -- The "Flexible Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global flexible pipe market reached a value of US$ 1.15 billion in 2021. Looking forward, the market is projected to reach a value of US$ 1.5 billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor. A flexible pipe has a composite construction of layers of various materials that enable large amplitude deflections without causing damage to the pipe. It comprises leakproof thermoplastic barriers and corrosion-resistant steel wires, which gives the pipe high-pressure resistance, flexibility, and superior dynamic behavior. It eases spooling on reels for quick transportation, reduces time and technical ease of installation, and offers seabed accommodation and capacity for reuse. As a result, it finds extensive applications in the oil and gas, chemical, power generation, and water treatment industries across the globe. Flexible Pipe Market Trends

At present, there is a rise in exploration activities around the world due to the increasing demand for energy and improved metals. This, along with the growing use of non-corrosive pipes in the oil and gas industry, represents one of the key factors driving the market. Moreover, the increasing utilization of flexible pipes in horizontal drilling and lateral drilling for boring new reservoirs, is stimulating the growth of the market.

In addition, technological advances in different drilling process that enable access to remote locations, unconventional formations, and deep-water regions are positively influencing the market. Besides this, the escalating demand for petroleum in the transport sector due to the rising number of passenger cars worldwide is offering lucrative growth opportunities to key market players.

Additionally, as it offers high-durability and heat resistant properties, there is an increase in the employment of flexible pipes in transferring gases or hot liquids. Apart from this, the rising adoption of engineering-grade flexible materials in offshore and onshore activities due to their low weight and high tensile strength is propelling the market growth. Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global flexible pipe market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on raw material, application and End-use industry. Breakup by Raw Material:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Chevron Phillips Chemical Company LLC, Continental AG, DuPont de Nemours Inc., Evonik Industries AG, FlexSteel Pipeline Technologies Inc., General Electric Company, NOV Inc., Pipelife Nederland B.V. (Wienerberger AG), Prysmian S.p.A., Shell plc, Solvay S.A., Strohm B.V. and TechnipFMC plc Key Questions Answered in This Report

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Flexible Pipe Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Raw Material 6.1 High-density Polyethylene 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Polyamide 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Polyvinylidene Fluoride 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Others 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Application 7.1 Onshore 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Offshore 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by End Use Industry 8.1 Oil and Gas 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Water Treatment Plants 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Chemical and Petrochemicals 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Mining 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Pharmaceuticals 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 Food and Beverages 8.6.1 Market Trends 8.6.2 Market Forecast 8.7 Others 8.7.1 Market Trends 8.7.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Baker Hughes Company 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 Financials 14.3.1.4 SWOT Analysis 14.3.2 Chevron Phillips Chemical Company LLC 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 SWOT Analysis 14.3.3 Continental AG 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 Financials 14.3.3.4 SWOT Analysis 14.3.4 DuPont de Nemours Inc. 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 Financials 14.3.4.4 SWOT Analysis 14.3.5 Evonik Industries AG 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.5.3 Financials 14.3.5.4 SWOT Analysis 14.3.6 FlexSteel Pipeline Technologies Inc. 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 General Electric Company 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 Financials 14.3.7.4 SWOT Analysis 14.3.8 NOV Inc. 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 Financials 14.3.8.4 SWOT Analysis 14.3.9 Pipelife Nederland B.V. (Wienerberger AG) 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.10 Prysmian S.p.A. 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 Financials 14.3.10.4 SWOT Analysis 14.3.11 Shell plc 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.11.3 Financials 14.3.12 Solvay S.A. 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio 14.3.12.3 Financials 14.3.12.4 SWOT Analysis 14.3.13 Strohm B.V. 14.3.13.1 Company Overview 14.3.13.2 Product Portfolio 14.3.14 TechnipFMC plc 14.3.14.1 Company Overview 14.3.14.2 Product Portfolio 14.3.14.3 Financials 14.3.14.4 SWOT Analysis

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