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Oil And Gas Flexible Pipes Market

Oil And Gas Flexible Pipes Market

The market for Oil And Gas Flexible Pipes was estimated at $780 million in 2024; it is anticipated to increase to $1.00 billion by 2030, with projections indicating growth to around $1.24 billion by 2035.

Report ID:DS2402066
Author:Chandra Mohan - Sr. Industry Consultant
Published Date:February 2025
Datatree
Energy & Power
Oil & Gas
Oil And Gas Flexible Pipes
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Report Summary
Table of Contents
Methodology
Market Data

Global Oil And Gas Flexible Pipes Market Outlook

Revenue, 2024

$780M

Forecast, 2034

$1.19B

CAGR, 2024 - 2034

4.3%
The Oil And Gas Flexible Pipes industry revenue is expected to be around $813.5 million in 2025 and expected to showcase growth with 4.3% CAGR between 2025 and 2034. The strong growth numbers support the importance and continual growth of the market for oil and gas pipes due to advancements in the industry and technology as well, as increasing global energy needs. Given these elements along with progress in extraction technologies and higher funding in oil and gas exploration activities are solidifying the significance of the flexible pipes sector, within the oil and gas industry. Ensuring its continued growth path in the coming years.

Flexible pipes used in the oil and gas industry are mainly made of notch thermoplastic composites and are known for their outstanding flexibility and durability as well as their resistance to corrosion. They find use in various sectors such as offshore drilling projects and subsea developments while also being integral to floating production systems. These pipes play a role, in ensuring smooth fluid transfer operations by enhancing safety measures and cutting down installation time and maintenance costs significantly.

Oil And Gas Flexible Pipes market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034

Market Key Insights

  • The Oil And Gas Flexible Pipes market is projected to grow from $780.0 million in 2024 to $1.19 billion in 2034. This represents a CAGR of 4.3%, reflecting rising demand across Offshore Drilling Operations, Onshore Oil and Gas Extraction and Refinery and Processing Plants.
  • The market leaders include National Oilwell Varco and TechnipFMC and Prysmian Group which determine the competitive dynamics of this sector.
  • U.S. and Russia are the top markets within the Oil And Gas Flexible Pipes market and are expected to observe the growth CAGR of 3.0% to 4.0% between 2024 and 2030.
  • Emerging markets including Indonesia, Mexico and Nigeria are expected to observe highest growth with CAGR ranging between 4.7% to 6.0%.
  • The market expansion of Oil And Gas Flexible Pipes will receive a $57.1 million boost from the transition toward high-performance materials throughout the next decade.
  • The Oil And Gas Flexible Pipes market is set to add $408 million between 2024 and 2034, with manufacturer targeting Polyamide & Polyethylene Materials projected to gain a larger market share.
  • With Growing offshore drilling activities, and Rising need for efficient fluid transfer systems, Oil And Gas Flexible Pipes market to expand 52% between 2024 and 2034.
oil and gas flexible pipes market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Oil And Gas Flexible Pipes

Countries such as China and India are putting effort into the growth of their oil and gas industries alongside those, in the Middle East and Africa.

Growth Opportunities in North America and Asia-Pacific

North America Outlook

In North America the utilization of oil and gas pipelines is influenced by notable progress in drilling methods and the substantial growth of shale gas activities. The United States occupies a leading market stance in this region due to its focus on ensuring energy security. However the market for oil and gas pipelines faces tough competition, in this region with many companies capitalizing on creative material technology and design enhancements to meet various operational needs. Furthermore the growing focus on impact serves as a key motivator for embracing these sophisticated pipeline systems due, to their enhanced longevity and lower risk of leaks.

Asia-Pacific Outlook

In contrast there is a rise in the need for flexible oil and gas pipes in the Asia Pacific region due to increased energy consumption in countries like China and India. The focus, on developing oil and gas infrastructure in these nations presents promising market prospects. Competition mainly centers on pricing meeting regional regulations and operational effectiveness. Moreover the increasing offshore drilling operations in the South China Sea and Indian Ocean are driving demand in the APAC market, for oil and gas pipes designed for high pressure and high temperature conditions.

Market Dynamics and Supply Chain

01

Driver: Growing offshore drilling activities, and Advancement in pipe manufacturing technology

The offshore drilling sector has also experienced a rise in activity thanks to cutting edge technology and undiscovered resources in deep sea areas. In this context of demanding conditions at sea depths, flexible pipes for oil and gas operations stand out for their performance fuelled by growing demand, in this specific field of application. The ongoing progress in manufacturing technology has also brought about a range of top notch oil and gas flexible pipes to the market that excel in durability and resistance, to corrosion while requiring minimal maintenance efforts These qualities make these flexible pipes highly sought after in the tough conditions often found in the oil and gas sector.
Energy companies are also placing a growing emphasis on enhancing efficiency and cutting costs. This has also led to the adoption of oil and gas flexible pipes due to their durability and adaptability, in creating effective fluid transfer systems.
02

Restraint: High Capital Investment

In the oil and gasindustry'sflexible pipes market one notable challenge is the investment needed for their production and use. Creating these pipes demands advanced engineering knowledge with significant financial investments. This leads to product costs that may put off buyers and constrain market expansion. Moreover swapping rigid pipes with flexible options also calls for a considerable financial commitment, which could be off putting, for oil and gas companies working within tight budget constraints. This aspect curbs demand in the market. Disrupts theindustry'sdynamics.
03

Opportunity: Advancements in Drilling Technologies and Deep and Ultra-Deepwater Exploration

The increasing use of cutting edge drilling technologies in the oil and gas industry highlights a future for flexible pipes. These advancements such as drilling and hydraulic fracturing have driven the need for oil and gas flexible pipes due, to their ability to withstand tough downhole conditions and adapt to complex drilling settings. These technologies often call for the use of oil and gas flexible pipes that can resist corrosion and endure high pressure and temperature changes.
The increasing emphasis placed upon ultra deepwater explorations has led to a rising demand for specialized gear such as flexible pipes for oil and gas purposes. The utilization of these pipes is favored in challenging environments because of their remarkable flexibility and high strength to weight ratio that result in reduced installation expenses. They play a role, in facilitating the efficient extraction of hydrocarbons.
04

Challenge: Regulatory and Environmental Constraints

Strict environmental rules, in the oil and gas sector pose a challenge as well. Oil and gas flexible pipe manufacturing and application must adhere to regulations to protect the environment. For example these pipes need to maintain integrity resist corrosion and perform well in harsh conditions. Compliance costs can be high resulting in demand and hindering market expansion.

Supply Chain Landscape

1
Raw Material Acquisition

Saudi Aramco

ExxonMobil

2
Material Processing

Nippon Steel Corporation

ArcelorMittal

3
Pipe Manufacturing

TechnipFMC

NOV

4
End-user Industry

Petrobras

Chevron

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Oil And Gas Flexible Pipes in Offshore Drilling Operations, Onshore & Extraction & Refinery & Processing Plants

Offshore Drilling Operations

In drilling activities at sea depths where oil and gas are extracted from underwater reservoirs via drilling platforms extending to the ocean floor below them use flexible pipes made of high quality composite materials to endure challenging marine environments such as strong currents and harsh weather conditions effectively provided by industry leaders, like TechnipFMC and National Oilwell Varco with their innovative and long lasting pipe solutions.

Onshore Oil and Gas Extraction

In the realm of extracting oil and gas from land based locations, sturdy yet adaptable steel pipes are widely employed. Flexible pipes for oil and gas operations in environments are designed to endure challenging high pressure and high temperature environments enhancing the safety and effectiveness of the extraction procedures. Prominent companies involved in these fields include Baker Hughes and Schlumberger renowned for their dependable flexible pipe solutions, for land based operations.

Refinery and Processing Plants

In refinery and processing facilities corrosion resistant alloy pipes are commonly used for oil and gas transportation due to their reliability in maintaining product flow and preventing leaks during the refining process. Companies like ExxonMobil and Royal Dutch Shell are highly regarded for employing quality flexible pipes in their extensive refining operations. Gas transmission through pipelines is crucial in the energy sector as it ensures efficient distribution of natural gas, to consumers.

Recent Developments

December 2024

Halliburton has launched a range of flexible oil and gas pipes that boast improved durability and exceptional resistance to corrosion specifically designed to meet the demanding conditions of offshore drilling projects, with high pressures and temperatures.

October 2024

Schulmberger Ltd put a lot of effort into researching and developing their oil and gas pipes to boost efficiency in operations and minimize the environmental effects of offshore drilling operations.

August 2024

Baker Hughes revealed their collaboration, with Chevron to enhance oil and gas pipes for better flow rates and durability in challenging offshore conditions.

Flexible pipes in the oil and gas industry have become a part of the energy sector due to their durability and flexibility compared to traditional rigid pipe systems used for extracting and transporting hydrocarbons from both offshore and onshore reserves Settings in the oil and gas sector have evolved with a growing preference, for these flexible pipes thanks to technological advancements and their versatile applications.

Impact of Industry Transitions on the Oil And Gas Flexible Pipes Market

As a core segment of the Oil & Gas industry, the Oil And Gas Flexible Pipes market develops in line with broader industry shifts. Over recent years, transitions such as Adoption of High-Performance Materials and Digitalization and Advanced Monitoring Systems have redefined priorities across the Oil & Gas sector, influencing how the Oil And Gas Flexible Pipes market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Adoption of High-Performance Materials

The field of pipes for oil and gas is experiencing notable transformations due to the growing use of advanced materials that offer high performance qualities. As time progresses and technology advances towards material choices for these pipes becomes crucial to withstand tough environmental challenges like corrosion and extreme pressure and temperature changes. By employing top notch materials, like thermoplastics or high quality metals in the manufacturing process ensures that these pipes can uphold their performance levels throughout extended periods of operation. The impact of this shift extends beyond the oil and gas flexible pipes sector—it brings advantages that span across the entire oil and gas industry as a whole. The enhanced longevity of pipes mitigates the risk of downtime and cuts down on expenses related to equipment replacement which ultimately boosts operational effectiveness. This industry transition is expected to add $57.1 million in the industry revenue between 2024 and 2030.
02

Digitalization and Advanced Monitoring Systems

The next shift is centered on the transformation in the flexible tubing sector. The incorporation of cutting edge monitoring systems and sensory technologies in pipes is on the rise. This progress provides up to the minute information, on the state of pipes enabling effective predictive maintenance approaches and minimizing unexpected shutdown incidents.

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