HDPE Flexible Pipe Market Key Trends, Growth Prospect and Investment Feasibility Forecast by 2022

Global HDPE Flexible Pipe Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. HDPE Flexible Pipe (HDPE) is a polyethylene thermoplastic made from petroleum. With a high strength-to-density ratio, HDPE is used in the production of plastic bottles, geomembranes, corrosion-resistant piping, and plastic lumber. They are durable, resistant to corrosion, and have high impact strength.

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High Density Polyethylene (HDPE) Flexible Pipe Market is categorized based on product type, type, applications, and geography. This industry is categorized based on product types such as Diameter: 10mm, Diameter: 20mm, others. HDPE Flexible Pipe Industry is categorized based on application into Offshore, Onshore. The “Offshore” segment is expected to witness significant growth in the upcoming years, owing to increase in ultra-deepwater, subsea exploration activities, Deepwater. Furthermore, the price of offshore flexible pipes is higher as compared to the flexible pipes used in onshore applications.

HDPE Flexible Pipe Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

The Middle East and Africa has been at the forefront with regards to HDPE Flexible Pipe Industry and will continue to rule the roost in the years to come. The Middle East and Africa market are projected to witness high growth, Due to rising in the onshore and offshore gas and oil exploration activities in Saudi Arabia, Nigeria, and UAE, among other countries.

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Some of the key players that fuel the growth of the HDPE Flexible Pipe Market include Magma Global, Technip, Airborne Oil, Pipelife Nederland, GE Oil & Gas Corporation, National Oilwell Varco, Prysmian Group, Shawcor. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.