NEW YORK, June 15, 2021 /PRNewswire/ -- The flexible pipes market for oil and gas is set to grow by USD 123.54 million, progressing at a CAGR of over 2% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Market Segmentation by Type:
Based on the segmentation by type, the market generated maximum revenue in the HDPE segment in 2019. The market is driven by the increasing number of offshore contracts to drilling companies in search of more oil. The growth of the market will be significant over the forecast period.
Market Segmentation by Geography:
MEA held the largest market share of 44% in 2019 and the region will offer several growth opportunities to market vendors. The growth of the market in MEA can be attributed to the growing acceptance of engineering-grade flexible materials over the forecast period. Saudi Arabia is a key market for flexible pipes market for oil and gas in MEA.
Flexible Pipes Market for Oil and Gas 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist flexible pipes market for oil and gas growth during the next five years
Estimation of the flexible pipes market for oil and gas size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the flexible pipes market for oil and gas
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of flexible pipes market for oil and gas vendors
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Global Offshore Drilling Market- The offshore drilling market is segmented by application (shallow water, deepwater, and ultra-deepwater) and geography (North America, APAC, Europe, MEA, and South America). Download FREE Sample Report
Global Land Drilling Rigs Market- The land drilling rigs market is segmented by type (conventional rigs and mobile rigs) and geography (MEA, North America, APAC, Europe, and South America). Download FREE Sample Report
Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the flexible pipes market for oil and gas report.
Further breakdown of the market segmentation in requested regions.
Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings
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