Product Code: CH 4116
"Increase in deepwater oil drilling activities is anticipated to drive the demand for flexible pipes"
The flexible pipe market is projected to reach USD 1,111.3 million by 2022, at a CAGR of 4.0% from 2017 to 2022. Flexible pipes encompass unique properties such as high chemical resistance, mechanical strength, long durability, and pressure resistance. These pipes are leak-proof and can operate under high pressure and temperature conditions. The increasing usage of flexible pipes for offshore oil & gas application is one of the most significant factors driving the growth of the flexible pipe market. However, stringent regulations in the oil & gas industry hamper oil & gas exploration activities, which, in turn, act as a restraint to the growth of the flexible pipe market.
"The offshore segment is the largest application segment of the flexible pipe market"
Flexible pipes are increasingly utilized in offshore and onshore oil & gas exploration and production activities. In offshore application, flexible pipes are used in deepwater, ultra-deep water, and subsea drilling processes. The offshore application segment accounted for the largest share of the flexible pipe market in 2016, in terms of value. This application segment is projected to grow at the highest CAGR between 2017 and 2022.
"Middle East & Africa is projected to the fastest-growing market for flexible pipes"
North America accounted for the largest share of the flexible pipe market in 2016. The presence of leading market players and increase in oil & gas drilling operations in the U.S. and Canada are key factors anticipated to drive the growth of the flexible pipe market in the North American region. The market in the Middle East & Africa is projected to grow at the highest CAGR between 2017 and 2022, owing to a large number of oil & gas reserves in this region. Saudi Arabia led the demand for flexible pipes in the Middle East & Africa, due to the increase in oil & gas exploration activities.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The break-up of primary interviews is given below:
- By Company Type - Tier 1 - 40%, Tier 2 - 40%, and Others - 20%
- By Designation - C Level - 10%, Director Level - 50%, and Others - 40%
- By Region - Europe - 47%, Asia-Pacific - 25%, North America - 13%, Middle East & Africa - 10%, and Central & South America - 5%
Key companies operating in the flexible pipe market include National Oilwell Varco, Inc. (U.S.), Technip Inc. (France), Prysmian Group (Italy), GE Oil & Gas Corporation (U.K.), Shawcor Ltd. (Canada), Pipelife Nederland B.V. (Netherlands), Airborne Oil & Gas B.V. (Netherlands), Magma Global Ltd. (U.K.), ContiTech AG (Germany), and FlexSteel Pipeline Technologies, Inc. (U.S.).
Research Coverage:
The competitive environment prevailing in the industry is analyzed through Porter's Five Forces analytical framework. Porter's Five Forces Analysis provides an in-depth understanding of the market attractiveness and the impact of various forces on the flexible pipe market. Moreover, the report includes an in-depth analysis of competitive landscape and DIVE matrix of flexible pipe. Key market dynamics such as drivers, restraints, opportunities, and challenges have been identified, and their impact on the flexible pipe market is analyzed in this study.
Reasons to Buy the Report:
The report will help leaders/new entrants in the market in the following ways:
- 1. The report segments the flexible pipe market, and provides the closest approximations of the revenue for the overall market and subsegments across different regions.
- 2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, opportunities, and challenges.
- 3. The report helps stakeholders understand their competitors better and gain additional business insights. The competitive landscape section includes new product launches, agreements, expansions, acquisitions, and innovations adopted by key market players.
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. MARKET SCOPE
- 1.3.1. MARKETS COVERED
- 1.3.2. YEARS CONSIDERED FOR THE STUDY
- 1.4. CURRENCY
- 1.5. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. KEY DATA FROM SECONDARY SOURCES
- 2.1.2. KEY DATA FROM PRIMARY SOURCES
- 2.2. MARKET SIZE ESTIMATION
- 2.3. DATA TRIANGULATION
- 2.4. RESEARCH ASSUMPTIONS AND LIMITATIONS
- 2.4.1. ASSUMPTIONS
- 2.4.2. LIMITATIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. SIGNIFICANT OPPORTUNITIES IN THE FLEXIBLE PIPE MARKET
- 4.2. FLEXIBLE PIPE MARKET SHARE, BY APPLICATION AND REGION
- 4.3. FLEXIBLE PIPE MARKET, BY RAW MATERIAL, 2015-2022
- 4.4. FLEXIBLE PIPE MARKET SIZE, BY LEADING COUNTRIES, 2017-2022(USD MILLION)
- 4.5. FLEXIBLE PIPE MARKET SHARE, BY REGION
5. MARKET OVERVIEW
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. DRIVERS
- 5.2.1.1. Rising growth of deepwater exploration
- 5.2.1.2. Growing acceptance of engineering grade flexible materials
- 5.2.1.3. Rising demand for non-corrosive pipes in oil & gas industry
- 5.2.1.4. Technological advances in drilling process
- 5.2.2. RESTRAINTS
- 5.2.2.1. Stringent regulations in oil & gas industry
- 5.2.3. OPPORTUNITIES
- 5.2.3.1. Increasing exploration of horizontal wells
- 5.2.3.2. Discovery of new oil reserves
- 5.2.4. CHALLENGES
- 5.2.4.1. Decreasing crude oil prices
- 5.2.4.2. Large-scale manufacturing
- 5.3. PORTER'S FIVE FORCES ANALYSIS
- 5.3.1. BARGAINING POWER OF SUPPLIERS
- 5.3.2. BARGAINING POWER OF BUYERS
- 5.3.3. THREAT OF SUBSTITUTES
- 5.3.4. THREAT OF NEW ENTRANTS
- 5.3.5. INTENSITY OF COMPETITIVE RIVALRY
6. FLEXIBLE PIPES, BY RAW MATERIAL
- 6.1. INTRODUCTION
- 6.2. HIGH-DENSITY POLYETHYLENE
- 6.3. POLYAMIDES
- 6.4. POLYVINYLIDENE FLUORIDE
- 6.5. OTHERS
7. FLEXIBLE PIPES, BY TYPE
- 7.1. INTRODUCTION
- 7.2. RISERS
- 7.3. FLOW LINES
- 7.4. JUMPERS
- 7.5. FLUID TRANSFER LINES
8. FLEXIBLE PIPES, BY APPLICATION
- 8.1. INTRODUCTION
- 8.2. OFFSHORE
- 8.2.1. DEEPWATER
- 8.2.2. ULTRA-DEEP WATER
- 8.2.3. SUBSEA
- 8.3. ONSHORE
9. FLEXIBLE PIPES, BY REGION
- 9.1. INTRODUCTION
- 9.2. NORTH AMERICA
- 9.2.1. U.S.
- 9.2.2. CANADA 50
- 9.3. MIDDLE EAST & AFRICA
- 9.3.1. SAUDI ARABIA
- 9.3.2. UAE
- 9.3.3. QATAR
- 9.3.4. NIGERIA
- 9.3.5. ANGOLA
- 9.3.6. TANZANIA
- 9.3.7. MOZAMBIQUE
- 9.3.8. REST OF MIDDLE EAST & AFRICA
- 9.4. CENTRAL & SOUTH AMERICA
- 9.4.1. BRAZIL
- 9.4.2. MEXICO
- 9.4.3. REST OF CENTRAL & SOUTH AMERICA
- 9.5. ASIA-PACIFIC
- 9.5.1. CHINA
- 9.5.2. INDONESIA
- 9.5.3. AUSTRALIA
- 9.5.4. MALAYSIA
- 9.5.5. INDIA
- 9.5.6. REST OF ASIA-PACIFIC
- 9.6. EUROPE
- 9.6.1. RUSSIA
- 9.6.2. NORWAY
- 9.6.3. U.K.
- 9.6.4. TURKEY
- 9.6.5. DENMARK
- 9.6.6. REST OF EUROPE
10. COMPETITIVE LANDSCAPE
- 10.1. INTRODUCTION
- 10.1.1. DYNAMICS
- 10.1.2. INNOVATORS
- 10.1.3. VANGUARDS
- 10.1.4. EMERGING
- 10.2. COMPETITIVE BENCHMARKING
- 10.3. STRENGTH OF PRODUCT OFFERINGS
- 10.4. BUSINESS STRATEGY EXCELLENCE
- 10.5. MARKET RANKING
11. COMPANY PROFILES (Overview, Financials, Products & Services, Strategy, and Developments) *
- 11.1. NATIONAL OILWELL VARCO (NOV)
- 11.2. TECHNIPFMC PLC
- 11.3. PRYSMIAN GROUP
- 11.4. GE OIL & GAS CORPORATION
- 11.5. SHAWCOR LTD.
- 11.6. PIPELIFE NEDERLAND B.V.
- 11.7. AIRBORNE OIL & GAS B.V.
- 11.8. MAGMA GLOBAL LTD.
- 11.9. CONTITECH AG
- 11.10. FLEXSTEEL PIPELINE TECHNOLOGIES INC.
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
12. APPENDIX
- 12.1. INSIGHTS FROM INDUSTRY EXPERTS
- 12.2. DISCUSSION GUIDE
- 12.3. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.4. INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
- 12.5. AVAILABLE CUSTOMIZATIONS
- 12.6. RELATED REPORTS
- 12.7. AUTHOR DETAILS
LIST OF TABLES
- TABLE 1: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 2: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 3: FLEXIBLE PIPE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- TABLE 4: NORTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
- TABLE 5: NORTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 6: NORTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 7: U.S.: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 8: U.S.: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 9: CANADA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 10: CANADA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 11: MIDDLE EAST & AFRICA: FLEXIBLE PIPE MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
- TABLE 12: MIDDLE EAST & AFRICA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 13: MIDDLE EAST & AFRICA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 14: SAUDI ARABIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 15: SAUDI ARABIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 16: UAE: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 17: UAE: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 18: QATAR: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 19: QATAR: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 20: NIGERIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 21: NIGERIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 22: ANGOLA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 23: ANGOLA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 24: TANZANIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 25: TANZANIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 26: MOZAMBIQUE: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 27: MOZAMBIQUE: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 28: REST OF MIDDLE & AFRICA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 29: REST OF MIDDLE & AFRICA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 30: CENTRAL & SOUTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
- TABLE 31: CENTRAL & SOUTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 32: CENTRAL & SOUTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 33: BRAZIL: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 34: BRAZIL: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 35: MEXICO: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 36: MEXICO: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 37: REST OF CENTRAL & SOUTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 38: REST OF CENTRAL & SOUTH AMERICA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 39: ASIA-PACIFIC: FLEXIBLE PIPE MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
- TABLE 40: ASIA-PACIFIC: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 41: ASIA-PACIFIC: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 42: CHINA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 43: CHINA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 44: INDONESIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 45: INDONESIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 46: AUSTRALIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 47: AUSTRALIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 48: MALAYSIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 49: MALAYSIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 50: INDIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 51: INDIA: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 52: REST OF ASIA-PACIFIC: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 53: REST OF ASIA-PACIFIC: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 54: EUROPE: FLEXIBLE PIPE MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
- TABLE 55: EUROPE: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 56: EUROPE: FLEXIBLEPIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 57: RUSSIA: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 58: RUSSIA: FLEXIBLEPIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 59: NORWAY: FLEXIBLEPIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 60: NORWAY: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 61: U.K.: FLEXIBLEPIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 62: U.K.: FLEXIBLEPIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 63: TURKEY: FLEXIBLEPIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 64: TURKEY: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 65: DENMARK: FLEXIBLEPIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 66: DENMARK: FLEXIBLE PIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
- TABLE 67: REST OF EUROPE: FLEXIBLE PIPE MARKET SIZE, BY RAW MATERIAL, 2015-2022 (USD MILLION)
- TABLE 68: REST OF EUROPE: FLEXIBLEPIPE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
LIST OF FIGURES
- FIGURE 1: FLEXIBLE PIPES: MARKET SEGMENTATION
- FIGURE 2: FLEXIBLE PIPE MARKET: RESEARCH DESIGN
- FIGURE 3: KEY INDUSTRY INSIGHTS
- FIGURE 4: BREAKDOWN OF PRIMARY INTERVIEWS
- FIGURE 5: BOTTOM-UP APPROACH
- FIGURE 6: TOP-DOWN APPROACH
- FIGURE 7: FLEXIBLE PIPE MARKET: DATA TRIANGULATION
- FIGURE 8: HDPE SEGMENT DOMINATES OVERALL FLEXIBLE PIPE MARKET
- FIGURE 9: OFFSHORE APPLICATION TO BE THE FASTER-GROWING SEGMENT BETWEEN 2017 AND 2022
- FIGURE 10: MIDDLE EAST & AFRICA TO BE FASTEST-GROWING MARKET BETWEEN 2017 AND 2022
- FIGURE 11: ATTRACTIVE OPPORTUNITIES IN THE FLEXIBLE PIPE MARKET, 2017 VS. 2022 (USD MILLION)
- FIGURE 12: OFFSHORE APPLICATION ACCOUNTED FOR LARGER SHARE FLEXIBLE PIPE MARKET, 2016
- FIGURE 13: HDPE SEGMENT TO DOMINATE OVERALL FLEXIBLE PIPE MARKET
- FIGURE 14: U.S. IS THE LARGEST MARKET FOR FLEXIBLE PIPES, 2017-2022
- FIGURE 15: NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF FLEXIBLE PIPE MARKET IN 2016
- FIGURE 16: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN FLEXIBLE PIPE MARKET
- FIGURE 17: REGIONAL DISTRIBUTION OF UNDISCOVERED ARCTIC OIL RESOURCES
- FIGURE 18: EUROPE BRENT CRUDE OIL PRICES, 2011-2016 (USD PER BARREL)
- FIGURE 19: PORTER'S FIVE FORCES ANALYSIS
- FIGURE 20: HDPE TO BE FASTEST-GROWING SEGMENT FOR FLEXIBLE PIPE MARKET, BETWEEN 2017 AND 2022
- FIGURE 21: OFFSHORE IS FASTER-GROWING APPLICATION SEGMENT OF FLEXIBLE PIPE MARKET, BETWEEN 2017 AND 2022
- FIGURE 22: NIGERIA, TANZANIA, MOZAMBIQUE, MALAYSIA, AND INDONESIA EMERGING AS THE NEW HOTSPOTS
- FIGURE 23: THE U.S. TO DOMINATE THE FLEXIBLE PIPE MARKET IN NORTH AMERICA BETWEEN 2017 AND 2022
- FIGURE 24: HDPE MATERIAL SEGMENT TO DOMINATE FLEXIBLE PIPE MARKET IN THE U.S. BETWEEN 2017 AND 2022
- FIGURE 25: HDPE SEGMENT TO DOMINATE THE FLEXIBLE PIPE MARKET IN THE MIDDLE EAST & AFRICA
- FIGURE 26: CHINA TO DOMINATE THE FLEXIBLE PIPE MARKET IN ASIA-PACIFIC BETWEEN 2017-2022
- FIGURE 27: DIVE CHART
- FIGURE 28: FLEXIBLE PIPE MARKET RANKING
- FIGURE 29: NATIONAL OILWELL VARCO (NOV): COMPANY SNAPSHOT
- FIGURE 30: PRYSMIAN GROUP: COMPANY SNAPSHOT
- FIGURE 31: GE OIL & GAS CORPORATION: COMPANY SNAPSHOT
- FIGURE 32: SHAWCOR LTD.: COMPANY SNAPSHOT
