Latest News- Flexible Pipes Market: HDPE is expected to lead the Product Type segment during 2025-2029

The Flexible Pipes Market is being driven by Rising investment in upstream oil and gas activity

The Flexible Pipes Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 181.5 million. In the oil and gas sector, there is a notable shift towards directional drilling in both shallow and deep wells, particularly in horizontal drilling. This trend is driven by the higher production rates and efficiency of horizontal wells, which can yield more than double the output of vertical wells. Given the increasing number of horizontal wells, the demand for flexible composite pipes is surging. These pipes, renowned for their ease of retraction, are the preferred choice for such applications. Moreover, in the challenging subsea environment, the industry requires robust and reliable flexible pipes that can ensure uninterrupted operations. Thus, the growing need for high-performance, flexible pipes presents a significant growth opportunity for market participants. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • HDPE
  • PA
  • PVDF
  • Others
• Type
  • Single wall
  • Multi wall
  • Double wall
• End-user
  • Oil and gas
  • Chemical and petrochemicals
  • Water treatment plants
  • Mining
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • North America
    • US
  • Europe
    • UK
    • Norway
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising investment in upstream oil and gas activity
• Increasing focus on unconventional oil and gas E and P activities
• Increasing demand for engineering-grade flexible materials

However, the market also witnesses some limitations, which are as follows:

• High initial cost associated with flexible pipes
• Stringent government regulations
• Fluctuation in crude oil prices

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Market Scope in Flexible Pipes Market Research Report

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Research Analysis Overview

The flexible pipe market encompasses the design, fabrication, testing, installation, maintenance, repair, and replacement of flexible pipe systems and their components, including hose assemblies. Hose assembly innovation and technology play a significant role in addressing the challenges and seizing opportunities in this sector. Regulations, safety, certification, traceability, and standards are crucial aspects of hose assembly production and usage. Flexible pipe solutions offer benefits such as flexibility, durability, and cost-effectiveness, making them a preferred choice in various industries.

Market Research Overview

The Flexible Pipes Market encompasses businesses manufacturing flexible piping solutions, hose assemblies, pipe fittings, flexible connectors, pressure hoses, high-pressure hoses, industrial hoses, and hydraulic hoses. According to Technavio's market analysis, the global Building Products industry, which includes manufacturers of building components and home improvement products and equipment, is projected to grow significantly. This expansion is attributed to the booming construction sector, particularly in developing economies, where the demand for infrastructure development in response to urbanization and public healthcare necessitates the construction of residential and healthcare facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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