PUNE, India, February 26, 2016 /PRNewswire/ --
Growing deep-water oil & gas exploration & production is driving the flexible pipes market while 0ffshore is the largest application with rising demand from Middle East & Africa according to this new report that says global flexible pipe market size is estimated to reach USD 1.02 billion by 2020, at a CAGR of 3.7% between 2015 and 2020.
Complete report on global flexible pipe market spread across 149 pages, profiling 10 companies and supported with 78 tables and 56 figures is now available at http://www.reportsnreports.com/reports/495307-flexible-pipe-market-by-material-hdpe-pa-pvdf-and-others-by-application-onshore-and-offshore-by-region-global-trends-forecasts-to-2020.html
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.
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 subsea drilling processes. In 2015, the offshore segment accounted for the largest market share of the overall flexible pipes market, in terms of value. The market in this application segment is also estimated to register the highest CAGR between 2015 and 2020.
In 2015, the Middle East & Africa flexible pipes market is projected to register the highest growth rate between 2015 and 2020. Availability of large amount oil & gas reserves in this region is driving the flexible pipes market on a large scale. Saudi Arabia led the demand for flexible pipes in the region due to increased oil & gas exploration activities in the last two-three years.
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (33%), Tier 2 (60%) and others (7%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (56%) and Director Level (33%) and others (11%) from various key organizations operating in the global flexible pipes market. The primary interviews were conducted worldwide covering regions such as North America (18.1%), Middle East & Africa (27.3%), Central & South America (9.1%), Asia-Pacific (36.4%) and Europe (9.1%).
The key companies profiled in this market research report are National Oil well Varco (U.S.), Technip (France), Solu Force (Netherlands), Airborne Oil & Gas B.V. (Netherlands), Dee pFlex (U.S.), and GE Oil & Gas (U.K.). Order a copy of Flexible Pipe Market by Material (HDPE, PA, PVDF, and Others), by Application (Onshore, and Offshore), by Region - Global Trends & Forecasts to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=495307
This report segments the flexible pipes market in the oil & gas industry and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions. The report will help the stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions undertaken in the market.
On a related note, another research on FRP Panels & Sheets Market Global Trend and Forecasts to 2020 says the FRP panels & sheets market size is estimated to grow from USD 1.61 billion in 2015 to USD 2.24 billion by 2020, at a projected CAGR of 6.74% between 2015 and 2020. Construction application is to witness maximum traction during forecast period. North America is to be the fastest growing region during the forecast period. Companies like Crane Composites, Glasteel, Polser FRP, Panels Inc., Panolam Industries International Inc., Fibrosan, Strongwell Corporation, Enduro Composites, Nudo, Lamilux Heinrich Strunz Group and Fibertech Industries have been profiled in this 122 pages research report available at http://www.reportsnreports.com/reports/446339-frp-panels-sheets-market-by-fiber-type-glass-fiber-other-fibers-by-resin-type-thermoplastic-thermoset-by-application-construction-transportation-aerospace-and-others-by-region-trends-forecast-to-2020.html
Explore more reports on Advanced Materials market at http://www.reportsnreports.com/market-research/advanced-material/
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