The favorable characteristics of flexible pipes, such as high tolerance for extreme temperature and pressure conditions, durability, and superior strength make them ideal for use in oil and gas extraction activities. In the coming years, these benefits are slated to augment the demand for flexible pipes, creating novel growth prospects in the flexible pipe market. The rapidly rising demand for...

Lucintel's latest market report analyzed that flexible pipe provides attractive opportunities in offshore and onshore applications. The flexible pipe market is expected to reach $1.7 billion by 2027 with a CAGR of 5.2%. In this market, high-density polyethylene is the largest segment by raw material, whereas offshore is largest by application. Increasing use of hybrid flexible pipes and...