The Flexible Pipe Global Market Report 2023 by The Business Research Company, provides flexible pipe market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Flexible Pipe Market:
https://www.thebusinessresearchcompany.com/report/flexible-pipe-global-market-report
According to The Business Research Company’s Flexible Pipe Global Market Report 2023, the global flexible pipe market is expected to grow from $1.06 billion in 2022 to $1.12 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global flexible pipe market is expected to reach $1.33 billion in 2027 at a CAGR of 4.5%.
An increase in demand for oil and gas is driving the demand for the flexible pipe market going forward. Oil and gas refer to fuels that are extracted from the earth’s surface. Flexible pipes are used in the oil and gas industry to meet technical requirements and solve the geometric constraints of water. The increase in demand for oil and gas is driving the flexible pipe market.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=8736&type=smpThe flexible pipe market is segmented:
1) By Raw Material: High-density Polyethylene, Polyamides, Polyvinylidene Fluoride, Other Raw Materials
2) By Application: Offshore, On shore
3) By End Use Industry: Oil and Gas, Water Treatment Plants, Chemical and Petrochemicals, Mining, Pharmaceuticals, Food and Beverages, Other End-Use Industries
Product innovations are a key trend gaining popularity in the flexible pipe market. Major companies in the market are focused on innovating new products to sustain their position in the market. For instance, in January 2021, Baker Hughes, a US-based manufacturer of flexible pipes, launched its innovative next-generation onshore composite flexible pipe. This product has improved the fundamental design of flowlines and oil and gas pipeline networks. This lightweight flexible pipe was developed for the energy sector to address corrosion and cost challenges with conventional steel pipes and also offers an environmentally friendly alternative to resource-intensive onshore steel pipes and reduces installed costs by more than 20%, which is one of its important features.
The flexible pipe market report table of contents includes:
1. Executive Summary
2. Flexible Pipe Market Characteristics
3. Flexible Pipe Market Trends And Strategies
4. Flexible Pipe Market – Macro Economic Scenario
5. COVID-19 Impact On Flexible Pipe Market
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26. Africa Flexible Pipe Market
27. Flexible Pipe Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flexible Pipe Market
29. Flexible Pipe Market Future Outlook and Potential Analysis
30. Appendix
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