DUBLIN, August 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Flexible Pipes Market for Oil and Gas Industry 2016-2020" report to their offering.
The global flexible pipes market for oil and gas industry to grow at a CAGR of 3.56% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global flexible pipes market for oil and gas industry for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of flexible pipe products by type such as HDPE, PA, PVDF, and others in the offshore and onshore applications. The report also includes a discussion of the key vendors operating in this market.
Increasing number of horizontal wells will be a key trend for market growth. Flexible composite pipes are used in shallow and long horizontal wells. These composite pipes are the preferred choice as they can be easily retracted from these wells. The oil and gas industry is currently experiencing a shifting trend with respect to drilling pipes. Directional drilling is growing rapidly in comparison to vertical drilling. The production rate of horizontal wells is more than double in comparison to verticals wells. An increase in the number of horizontal wells is a potential growth opportunity for the market owing to the high application of flexible pipes in these wells.
According to the report, demand for non-corrosive flexible pipes will be a key driver for market growth. The cost of repairing and replacing corroded pipes is subject to factors such as location, temperature, and materials. A large amount is spent annually across the globe in repairing and replacing piping systems, cracking transport pipeline, and others. Flexible pipes are widely used to reduce such expenses, as these pipes have high strength, durability, non-corrosiveness, and are lightweight. These properties make them a preferred alternative to steel and concrete pipes used in the oil and gas industry.
- Airborne Oil & Gas
- General Electric Oil and Gas
- National Oilwell Varco (NOV)
Other prominent vendors
- ContiTech AG
- FlexPipe Systems
- FlexSteel Pipeline Technologies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Market segmentation by application
Part 08: Market segmentation by geography
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/9fw98v/global_flexible
Laura Wood, Senior Manager
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SOURCE Research and Markets