Global Flexible Pipes Market is accounted for $1,028.55 million in 2020 and is expected to reach $1,639.36 million by 2028 growing at a CAGR of 6.0% during the forecast period. Factors such as the increasing demand for engineering grade flexible materials, rise in oil & gas exploration activities, and technological advancements in the drilling process are driving the growth of the market.
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By geography, North America is going to have high growth during the forecast period which can be attributed to the industrial advancements in horizontal and pad drilling and the large quantity of shale oil and gas reserves.
Some of the key players profiled in the Flexible Pipes Market include Contitech AG, National Oilwell Varco, Airborne Oil & Gas B.V., Magma Global Ltd, Deepflex, GE Oil & Gas Inc., Soluforce, Chevron Phillips Chemical Company LLC, Technipfmc PLC, Pipelife Nederland B.V., Prysmian S.p.A., Flexsteel Pipeline Technologies, and Shawcor Ltd.
Types Covered in Flexible Pipes Market
• Insulated Flexible Pipe
• Silicone Flexible Pipe
• Metric Flexible Pipe
Products Covered:
• Flow Lines
• Fluid Transfer Lines
• Jumpers
• Risers
Raw Materials Covered:
• Polyvinylidene Fluoride (PVDF)
• Polyvinyl Chloride (PVC)
• Aluminum
• Rubber
• Polyamides (PA)
• High-Density Polyethylene (HDPE)
• Teflon
• Other Raw Materials
Applications Covered:
• Onshore
• Offshore
End Users Covered:
• Oil & Gas
• Water Treatment
• Chemical and Petrochemical
• Manufacturing
• Mining
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