What is Global Industrial Flexible Pipe Market?
The Global Industrial Flexible Pipe Market is a vast and dynamic sector that encompasses a wide range of products and applications. These flexible pipes, primarily used for wire cable automatic instrument signal wire and cable protection pipe, as well as civil shower hoses, are integral to various industries worldwide. The market's value stood at a substantial US$ 5406 million in 2023. It is projected to escalate to an impressive US$ 7926 million by 2030. This growth trajectory, representing a Compound Annual Growth Rate (CAGR) of 5.7% from 2024 to 2030, underscores the increasing demand and potential of the Industrial Flexible Pipe market globally.
Plastic Flexible Pipe, Metal Flexible Pipe, Others in the Global Industrial Flexible Pipe Market:
The Global Industrial Flexible Pipe Market is segmented into Plastic Flexible Pipe, Metal Flexible Pipe, and others. Each type has its unique properties and applications. Plastic Flexible Pipes are lightweight, corrosion-resistant, and cost-effective, making them suitable for a variety of applications, including plumbing, irrigation, and cable protection. Metal Flexible Pipes, on the other hand, are known for their durability, strength, and resistance to high temperatures and pressures. They are commonly used in industrial applications, such as oil and gas, chemical, and power generation. The 'Others' category includes flexible pipes made from materials like rubber and composite, which find use in specialized applications.
Chemistry, Food and drink, Pharmaceutical, Other in the Global Industrial Flexible Pipe Market:
The usage of Industrial Flexible Pipes extends to various sectors such as Chemistry, Food and Drink, Pharmaceutical, and others. In the Chemistry industry, these pipes are used for transporting chemicals, gases, and corrosive substances. The Food and Drink industry uses them for conveying edible products, beverages, and cleaning agents. The Pharmaceutical industry employs these pipes in the production and packaging processes, ensuring a sterile environment. Other sectors like construction, agriculture, and telecommunications also utilize these flexible pipes for various applications.
Global Industrial Flexible Pipe Market Outlook:
The future of the Global Industrial Flexible Pipe Market looks promising, with a steady growth rate projected over the next decade. The market, which was valued at US$ 5406 million in 2023, is expected to reach a staggering US$ 7926 million by 2030. This represents a CAGR of 5.7% during the forecast period from 2024 to 2030. The primary drivers of this growth are the increasing demand for flexible pipes in various industries and the continuous advancements in pipe technology.
| Report Metric | Details |
| Report Name | Industrial Flexible Pipe Market |
| Accounted market size in 2023 | US$ 5406 in million |
| Forecasted market size in 2030 | US$ 7926 million |
| CAGR | 5.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Metraflex, CONTITECH, Dino Paoli Srl, ELAFLEX, EWM AG, Gap Plastomere, Geovent, HAKKO CORPORATION, Honeywell Thermal Solutions, IPL, JOHN GUEST, KANAFLEX SPAIN, KT-FLEX, LEONI Protec Cable Systems, Mondeo Valves, Narcisi, PACQUET RACCORD TOURNANT, PARKER Hydraulics, PLYMOVENT |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
