How big is the flexible pipe market | Size & Trends 2031

Q: How big is the flexible pipe market size?

The flexible pipe market is projected to reach USD 1.7 billion by 2031.

Q: What is the CAGR of the flexible pipe market during the forecast period?

The flexible pipe market is projected to grow at a CAGR of 7.20 % from 2025 to 2031.

Q: What industries use flexible pipes the most?

Oil & gas, chemical, marine, and mining sectors are key users due to the need for adaptable, corrosion-resistant transport solutions.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6780

Publication Date: Jul 2025

How big is the flexible pipe market?

According to 6Wresearch internal database and industry insights, the Global flexible pipe market was valued at USD 1.1 Billion in 2024 and is expected to reach USD 1.7 Billion by 2031, growing at a compound annual growth rate of 7.20% during the forecast period (2025-2031).

The need for corrosion-resistant piping systems, the expansion of subsea operations, and increased onshore and offshore oil and gas exploration are all driving the market growth. Flexible risers and composite materials are two technological developments that are making pipeline solutions in challenging conditions safer and more affordable.

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Key Growth Factors of the Flexible Pipe Market

Rising demand for flexible risers and flowlines in offshore drilling
Growing need for corrosion-resistant and lightweight piping systems
Expansion in oil & gas activities in deep and ultra-deep waters
Use in industrial fluid transfer and chemical applications is growing.
Demand for affordable transportation options in challenging conditions
Creation of hybrid and composite pipe technologies

Flexible Pipe Market Trends

Flexible pipe markettrends include increased adoption of thermoplastic composite pipes (TCP), digital monitoring integration for pipe performance, and demand for flexible pipes in floating production systems. Major players are focusing on customization and product longevity for complex installations.

Emerging Developments in the Flexible Pipe Market

Emerging developments in the flexible pipe Market include smart flexible pipes with embedded sensors, multilayered hybrid materials for high-pressure tolerance, and modular pipe systems for rapid deployment. Growing investments in subsea infrastructure are also accelerating innovation in pipe technologies.