[FURL=https://www.industryarc.com/Report/18821/indonesia-flexible-pipe-market?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Indonesia Flexible Pipe market[/FURL] size is forecast to reach US$13.1 million by 2026, after growing at a CAGR of 4.1% during 2021-2026. Flexible pipes are widely used to transport oils or other liquids from one location to the other and they are also operated under high temperature and pressure conditions. These pipes offer various properties such as high-pressure control, lightweight, and leak resistance among others. Polyvinylidene difluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer used in flexible pipes manufacturing.Key Takeaways
The growing demand for oil & gas is driving the market growth for the flexible pipes market. Flexible pipes reduce costs and improve the productivity of offshore oil and natural gas projects.
Growing demand for high-performance pipes among the marine and petrochemical sectors is driving the demand for the flexible pipes market.
The manufacturers are involved in developing advanced flexible pipes for the oil & gas and chemical industries. Investments in research and developments to enhance the capabilities of flexible pipes are supporting the market growth.
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Indonesia Flexible Pipe Market Segment Analysis – By End-Use Industry
The oil & gas industry is accounted for approximately 15% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The growing population along with increasing transportation activities in the country is driving the market growth for flexible pipes. According to the International Trade Administration, the investments in Indonesia’s oil and gas industry reached around USD 12.3 billion and USD 12 billion respectively in 2018 and 2019. They also mentioned that the country produces approximately 746,800 barrels of oil per day. The construction industry is expected to hold a significant share and grow moderately during the forecast period. According to business Indonesia, the construction industry registered an annual growth rate of 5.8% in 2019 which slightly greater than the nation's growth rate of 5.02%. The Indonesian government has budgeted a large amount for infrastructure developments in 2020.
Indonesia Flexible Pipe Market Drivers:
Growing demand from Oil & gas Industry
Growing infrastructure activities in Indonesia
Indonesia Flexible Pipe Market Landscape
Major players in the Indonesia Flexible Pipe market are Metline Industries, Vinilon Group, National Oilwell Varco, Technipfmc PLC, Prysmian Group, GE Oil & Gas Corporation, Shawcor Ltd., Pipelife Nederland B.V., Airborne Oil & Gas B.V., Magma Global Ltd., Contitech AG, Flexsteel Pipeline Technologies Inc., and others.
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