Report: Global Flexible Pipe Market to Hit $1 Billion by 2022
6/16/2017
According to a report titled “Flexible Pipe Market by Raw Material (HDPE, PA, and PVDF), Application (Offshore and Onshore), and Region (North America, Middle East & Africa, Central & South America, Asia-Pacific, and Europe) – Global Forecast to 2022,” published by MarketsandMarkets™, the global flexible pipe market is anticipated to grow at a CAGR of 4.0% from USD $880.8 Million in 2016 to USD $1,111.3 Million by 2022.
Key findings in the report include:
- The growth of the flexible pipe market is driven by high investments in the oil & gas exploration and production industries
- The HDPE segment is expected to lead the flexible pipe market during the forecast period
- The offshore segment is the largest application segment of the flexible pipe market
- The flexible pipe market in the Middle East & Africa is projected to grow at the highest CAGR during the forecast period
To download a copy of the report, visit http://www.marketsandmarkets.com/Market-Reports/flexible-pipes-market-132547188.html.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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