Flexible Pipes for Oil & Gas Market by Type (High-density Polyethylene (HDPE), Polyamides (PA), Polyvinylidene Fluoride (PVDF), Others) by Application (Offshore, Onshore): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 08-Feb-2021 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-5790 Status : Published

The Flexible Pipes for Oil & Gas market is set for a rapid growth over the forecast period. In terms of revenue, the global Flexible Pipes for Oil & Gas market accounted for USD 1,025.43 Million in 2019 and is expected to reach USD 1,324.96 Million by 2026, growing at a CAGR of 3.73%.

Description

The Flexible Pipes for Oil & Gas market is set for a rapid growth over the forecast period. In terms of revenue, the global Flexible Pipes for Oil & Gas market accounted for USD 1,025.43 Million in 2019 and is expected to reach USD 1,324.96 Million by 2026, growing at a CAGR of 3.73%.

Global Flexible Pipes for Oil & Gas Market: Overview

Since 1972, when a patent was given to Coflexip to create a high-pressure, flexible steel pipe, flexible pipes have been used in the oil industry. It was used with a pressure of 15,000-psi choke & kill line in drilling as a first application. It has improved its design since then to manufacture the risers and flowlines that are now used in the offshore oil industry.

In recent years, the production of flexible pipe technology has emerged significantly. The strong trend in the oil and gas industry has, of course, been towards operators searching for operational efficiencies. Marginal increases in operating productivity have been the order of the day.

However, incorporating this is more complex than it could seem, considering that many emerging fields are situated in some of the most demanding environments the industry has ever had to deal with. Higher temperatures, deeper water, aging infrastructure, complex chemistry and higher pressure, all add up to produce far more extreme conditions for flexible pipes to endure. In particular, more and more fields are shifting the limitations of current technology. So, is it possible to expect a little more from flexible pipe technology?

Today, the need for improved flexible pipe technology is epitomized by frontier markets such as West Africa and Brazil. Typically, operations here involve negotiating incredibly deep waters, high pressures and very high temperatures, with a Floating Production Storage and Offloading (FPSO) installation. That is why Brazilian ventures have always been at the forefront of technological advances. Increased construction project has contributed to gradual progress in product capabilities in such diverse environments.

Global Flexible Pipes for Oil & Gas Market: Growth Factors

For transporting oils or other liquids from one location to another, flexible pipes and tubes are commonly used, mainly through the seabed, or at ores and construction sites. Flexible pipes are used throughout industry verticals due to advantages such as light weight, high-pressure power, leak resistance, and reduced cost. The technological and cost advantages provided by these pipes are projected to reduce the use of steel equipment at a higher rate in the coming years for new exploration activities.

There is a need to limit inspection to lower costs with the continued attention of the companies on unconventional oil and gas resources, along with the subsea and offshore projects that are heading into deeper waters and more demanding environments. Additionally, the maintenance and repair expenses are high. And thus, as they play a key role in raising the life expectancy, efficiency, and profitability of offshore and onshore wells, flexible pipes are considered to be the best match.

Oil and gas as a downstream product, i.e., ‘Petroleum’, is commonly used in cosmetic products. Demand for cosmetics is growing year-on-year with the rise of disposable income and the rising number of working women. This growing demand for oil and gas needs the efficient transport facilities, and tremendous physical and chemical stress is also imposed on the market.

The growth of the transport sector, by growing number of aviation carriers in various regions and increasing number of heavy-duty vehicle owners would drive the market demand.

Global Flexible Pipes for Oil & Gas Market: Segmentation

The HDPE segment is expected to account for large market shares in 2019 and the profitability is anticipated to drive over the next forecast period, owing to its superior features such as light weight, leak resistance, high-pressure control, and reduced cost.

On the basis of applications, the industry is fragmented into offshore and onshore. The offshore segment was leading the global flexible pipes for oil and gas industry in 2019, and the figure is expected to rise during the forecast period. Over the past few years, the demand for the development and production of deep and ultra-deep water, and subsea production and exploration activities has increased across the globe. Customers are inclined towards improved productivity and high-performance drilling activities. All these factors will boost market demand for the offshore segment in the near future.

Global Flexible Pipes for Oil & Gas Market: Regional Analysis

By Geography, the Flexible Pipes for Oil & Gas market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

By Geography, North America held the largest market share in 2019. In North America, the United States is the leading market for flexible pipes. The country's newly discovered shale resources and regulatory frameworks, which focus on making the nation the top producer of oil and gas during the next few years, are anticipated to push the country's demand for flexible pipes.

In addition, according to the US Energy Information Administration, the United States will soon become a net energy exporter by the year 2022 and is anticipated to remain so throughout the forecast period, owing to robust fuel flows, higher crude shipment and surging natural gas exports.

Global Flexible Pipes for Oil & Gas Market: Competitive Players

The major players in the global flexible pipes for oil & gas market include Airborne Oil & Gas BV, MAGMA GLOBAL Ltd., FlexSteel Pipeline Technologies Inc., Shawcor Ltd., Prysmian Spa, General Electric Co., Continental AG, Wienerberger AG, National Oilwell Varco Inc., and TechnipFMC Plc among others.

The report segment of global flexible pipes for oil & gas market are as follows:

Global Flexible Pipes for Oil & Gas Market: Type Segment Analysis

  • HDPE
  • PA
  • PVDF
  • Others

Global Flexible Pipes for Oil & Gas Market: Application Segment Analysis

  • Offshore
  • Onshore

Global Flexible Pipes for Oil & Gas Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Flexible Pipes for Oil & Gas Market, 2016-2026, (USD Million)
    • 2.2. Flexible Pipes for Oil & Gas Market: Market snapshot
  • Chapter 3. Global Flexible Pipes for Oil & Gas Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Flexible Pipes for Oil & Gas Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type Segment
      • 3.11.2. Market Attractiveness Analysis by Application Segment
  • Chapter 4. Global Flexible Pipes for Oil & Gas Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Flexible Pipes for Oil & Gas Market – Type Segment Analysis
    • 5.1. Global Flexible Pipes for Oil & Gas Market Revenue Share, by Type, 2019 & 2026 (USD Million)
    • 5.2. Global Flexible Pipes for Oil & Gas Market by HDPE, 2016 – 2026 (USD Million)
    • 5.3. Global Flexible Pipes for Oil & Gas Market by PA, 2016 – 2026 (USD Million)
    • 5.4. Global Flexible Pipes for Oil & Gas Market by PVDF, 2016 – 2026 (USD Million)
    • 5.5. Global Flexible Pipes for Oil & Gas Market by Others, 2016 – 2026 (USD Million)
  • Chapter 6. Flexible Pipes for Oil & Gas Market – Application Segment Analysis
    • 6.1. Global Flexible Pipes for Oil & Gas Market Revenue Share, by Application, 2019 & 2026 (USD Million)
    • 6.2. Global Flexible Pipes for Oil & Gas Market by Offshore, 2016 – 2026 (USD Million)
    • 6.3. Global Flexible Pipes for Oil & Gas Market by Onshore, 2016 – 2026 (USD Million)
  • Chapter 7. Flexible Pipes for Oil & Gas Market - Regional Analysis
    • 7.1. Global Flexible Pipes for Oil & Gas Market: Regional Overview
      • 7.1.1. Global Flexible Pipes for Oil & Gas Market Revenue Share, By Region, 2019 & 2026 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Flexible Pipes for Oil & Gas Market Revenue 2016 – 2026 (USD Million)
      • 7.2.2. North America Flexible Pipes for Oil & Gas Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.2.3. North America Flexible Pipes for Oil & Gas Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.4.2. U.S. Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.5.2. Canada Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.6.2. Mexico Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Flexible Pipes for Oil & Gas Market Revenue 2016 – 2026 (USD Million)
      • 7.3.2. Europe Flexible Pipes for Oil & Gas Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.3.3. Europe Flexible Pipes for Oil & Gas Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. UK Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.4.2. UK Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.5.2. France Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.6.2. Germany Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.7. Italy
        • 7.3.7.1. Italy Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.7.2. Italy Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.8. Spain
        • 7.3.8.1. Spain Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.8.2. Spain Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.9. Russia
        • 7.3.9.1. Russia Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.9.2. Russia Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.10.2. Rest of Europe Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Flexible Pipes for Oil & Gas Market Revenue 2016 – 2026 (USD Million)
      • 7.4.2. Asia Pacific Flexible Pipes for Oil & Gas Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.4.3. Asia Pacific Flexible Pipes for Oil & Gas Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.4.2. China Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.5.2. Japan Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.6. India
        • 7.4.6.1. India Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.6.2. India Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.7. Australia
        • 7.4.7.1. Australia Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.7.2. Australia Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.8.2. South Korea Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.9. Rest of Asia Pacific
        • 7.4.9.1. Rest of Asia Pacific Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.9.2. Rest of Asia Pacific Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Flexible Pipes for Oil & Gas Market Revenue 2016 – 2026 (USD Million)
      • 7.5.2. Latin America Flexible Pipes for Oil & Gas Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.5.3. Latin America Flexible Pipes for Oil & Gas Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.4.2. Brazil Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.5.2. Argentina Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.6.2. Rest of Latin America Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1.1. Middle East & Africa Flexible Pipes for Oil & Gas Market Revenue 2016 – 2026 (USD Million)
      • 7.6.1.2. Middle East & Africa Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 7.6.1.3. Middle East & Africa Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6.2. GCC Countries
      • 7.6.2.1. GCC Countries Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 7.6.2.2. GCC Countries Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6.3. South Africa
      • 7.6.3.1. South Africa Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 7.6.3.2. South Africa Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6.4. Rest of MEA
      • 7.6.4.1. Rest of MEA Flexible Pipes for Oil & Gas Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 7.6.4.2. Rest of MEA Flexible Pipes for Oil & Gas Market Revenue, by Application, 2016 – 2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Airborne Oil & Gas BV
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. *Same information will be provided for below mentioned companies*
      • 8.2.1. FlexSteel Pipeline Technulogies Inc.
      • 8.2.2. Continental AG
      • 8.2.3. MAGMA GLOBAL Ltd.
      • 8.2.4. General Electric Co.
      • 8.2.5. National Oilwell Varco Inc.
      • 8.2.6. Shawcor Ltd.
      • 8.2.7. Prysmian Spa
      • 8.2.8. Wienerberger AG
      • 8.2.9. TechnipFMC Plc

Methodology


Frequently Asked Questions

For transporting oils or other liquids from one location to another, flexible pipes and tubes are commonly used, mainly through the seabed, or at ores and construction sites. Flexible pipes are used throughout industry verticals due to advantages such as light weight, high-pressure power, leak resistance, and reduced cost. The technological and cost advantages provided by these pipes are projected to reduce the use of steel equipment at a higher rate in the coming years for new exploration activities.

There is a need to limit inspection to lower costs with the continued attention of the companies on unconventional oil and gas resources, along with the subsea and offshore projects that are heading into deeper waters and more demanding environments. Additionally, the maintenance and repair expenses are high. And thus, as they play a key role in raising the life expectancy, efficiency, and profitability of offshore and onshore wells, flexible pipes are considered to be the best match.

Oil and gas as a downstream product, i.e., ‘Petroleum’, is commonly used in cosmetic products. Demand for cosmetics is growing year-on-year with the rise of disposable income and the rising number of working women. This growing demand for oil and gas needs the efficient transport facilities, and tremendous physical and chemical stress is also imposed on the market.

The growth of the transport sector, by growing number of aviation carriers in various regions and increasing number of heavy-duty vehicle owners would drive the market demand.

According to Zion Market Research, the Flexible Pipes for Oil & Gas market is expected to generate revenue of around USD 1,324.96 Million by the end of 2026, growing at a CAGR of 3.73%.

By Geography, the Flexible Pipes for Oil & Gas market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

By Geography, North America held the largest market share in 2019. In North America, the United States is the leading market for flexible pipes. The country's newly discovered shale resources and regulatory frameworks, which focus on making the nation the top producer of oil and gas during the next few years, are anticipated to push the country's demand for flexible pipes.

In addition, according to the US Energy Information Administration, the United States will soon become a net energy exporter by the year 2022 and is anticipated to remain so throughout the forecast period, owing to robust fuel flows, higher crude shipment and surging natural gas exports.

The major players in the global flexible pipes for oil & gas market include Airborne Oil & Gas BV, FlexSteel Pipeline Technologies Inc., Continental AG, MAGMA GLOBAL Ltd., General Electric Co., National Oilwell Varco Inc., Shawcor Ltd., Prysmian Spa, Wienerberger AG, and TechnipFMC Plc among others.

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