Flexible Pipe Market by Material (HDPE, PA, PVDF, and Others), by Application (Onshore, and Offshore), by Region - Global Trends & Forecasts to 2020
Report Summary : “Growing deep water oil & gas exploration & production driving the flexible pipes market” The global flexible pipes market size is estimated to reach USD 1.02 billion by 2020, at a CAGR of 3.7% between 2015 and 2020. Flexible pipes have properties such as high chemical resistance, pressure resistance, and mechanical strength; long durability; leak proof; operate efficiently under high pressure and temperature conditions; and offer ease of installation. These unique properties make flexible pipes the preferred option for offshore oil & gas application, thereby, driving the growth of flexible pipes market. “Offshore is the largest application of flexible pipes” Flexible pipes are used in offshore and onshore oil & gas exploration and production process. In offshore applications, flexible pipes are used in deep water, ultra deep water, and sub sea drilling processes. In 2015, the offshore segment accounted for the largest market shar...