Flexible Pipe Market Report 2022-2027 Size, Share, Growth, Trends, Industry Analysis
According to the latest report by IMARC Group, titled " Global Flexible Pipe Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global flexible pipe market reached a value of US$ 1.15 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 1.5 Billion by 2027 , exhibiting a CAGR of 4.20% during 2022-2027. A flexible pipe is made up of layers of various materials that enable deflections without causing damage to the pipe. It comprises leak-proof thermoplastic barriers and corrosion-resistant steel wires, which gives the pipe flexibility, and superior dynamic behavior. It can also withstand high temperature and pressure conditions and simplify the installation process. As a result, flexible pipes are widely utilized in the oil and gas, chemical, power generation, and water treatment industries to transfer liquids and fluids. We are regularly tracking the direct effect of COVID-19 on the market, alon...