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Flexible Pipe Market Worth 1,111.3 Million USD by 2022


News provided by

MarketsandMarkets

16 Jun, 2017, 09:30 GMT

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PUNE, India, June 16, 2017 /PRNewswire/ --

The report "Flexible Pipe Market by Raw Material (HDPE, PA, and PVDF), Application (Offshore and Onshore), and Region (North America, Middle East & Africa, Central & South America, Asia-Pacific, and Europe) - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 880.8 Million in 2016 to USD 1,111.3 Million by 2022, at a CAGR of 4.0% during the forecast period.

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Browse 68 market data tables and 57 figures spread through 123 pages and in-depth TOC on "Flexible Pipe Market - Global Forecast to 2022"

http://www.marketsandmarkets.com/Market-Reports/flexible-pipes-market-132547188.html

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buyers will receive 10% customization on this report

The growth of this market is driven by high investments in the oil & gas exploration and production industries.

Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=132547188

The HDPE segment is projected to lead the flexible pipe market during the forecast period 

Flexible pipes are manufactured by using materials such as HDPE, PA, and PVDF, among others. Based on raw material, the HDPE segment accounted for the largest share of the flexible pipe market in 2016. This segment is projected to grow at the highest CAGR between 2017 and 2022. The high demand for HDPE is mainly attributed to its low cost and excellent physical properties.

The offshore segment is the largest application segment of the flexible pipe market 

The offshore application segment has been witnessing significant growth in recent years, owing to the increase in deepwater, ultra-deep water, and subsea exploration activities. Moreover, the price of offshore flexible pipes is higher as compared to the flexible pipes used in onshore applications. The increasing applicability of flexible pipes in products such as coiled tubing and risers for offshore production activities contributes to the growth of the flexible pipe market in offshore application.

The flexible pipe market in the Middle East & Africa is projected to grow at the highest CAGR during the forecast period 

The flexible pipe market in the Middle East & Africa is projected to witness the highest growth during the forecast period. This growth is mainly driven by the increase in onshore and offshore oil & gas exploration activities in Saudi Arabia, the UAE, and Nigeria, among other countries. Moreover, in Angola, Kaombo project is being executed for ultra-deep water offshore oil & gas exploration, which is estimated to take approximately three years for completion. In Tanzania, both onshore and offshore exploration projects are in the pipeline. All these factors have contributed to the growth of the Flexible Pipe Market in the Middle East & Africa.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=132547188

Key players operating in the flexible pipe market are 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.).

Browse Related Reports: 

FRP/GRP/GRE Pipe Market by Type of Resin (Polyster, Polyurethane, Epoxy, Others), by Fiber Type (Glass Fiber, Carbon Fiber), by Application (Oil And Gas, Sewage Pipe, Irrigation and Others) & by Region - Global Trend and Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/frp-pipe-market-136989073.html

Thermoplastic Pipe Market by Polymer Type (PE, PVDF, PVC, PP & PA), Application (Oil & Gas, Municipal, Mining & Dredging & Chemicals), & by Region (APAC, North America, Latin America, Europe and Middle East & Africa) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/thermoplastic-pipe-market-94371234.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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