MARKET OVERVIEW:
Onshore flexible composite pipes are revolutionizing pipeline infrastructure with their lightweight design and ability to withstand harsh environmental conditions. Their growing adoption stems from cost-effective installation, reduced maintenance requirements, and longer operational lifespans - factors that are particularly valuable in remote or challenging terrains where traditional piping solutions prove inadequate.
MARKET INSIGHT & GROWTH DRIVERS:
BILLION 5.5%
The market growth is driven by increasing adoption in oil and gas applications, where these pipes demonstrate significant advantages in corrosive environments and challenging terrains. While North America currently dominates with a market size of USD 802 million in 2024, Asia-Pacific is emerging as the fastest-growing region due to expanding energy infrastructure projects USD 2.62 BILLION USD 4.23
MARKET SEGMENTATION:
MARKET DYNAMICS
Rising Demand in Oil & Gas Sector Fuels Market Expansion
The global onshore flexible composite pipe experiencing significant growth due to incre oil and gas operations. These pipes are beco upstream and midstream applications beca corrosion resistance compared to traditiona studies indicate that corrosion-related main approximately 35% of total operational cos piping systems, making lightweight compos increasingly attractive.
MARKET OPPORTUNITIES
The accelerating transition toward renewable energy presents substantial growth opportunities. Hydrogen transport infrastructure requires pipe solutions resistant to embrittlement, where composite materials demonstrate 3-5 times longer service life than steel alternatives. Projections indicate hydrogen pipeline networks will require 8,500 km of new composite piping by 2030. Geothermal energy projects similarly benefit from corrosion-resistant properties, with pilot programs showing 22% cost reductions in steam gathering systems when using advanced composite designs.
COMPANY MISSION
The oil and gas industry's shift toward corrosionresistant and lightweight piping solutions is a primary driver for onshore flexible composite pipes. These pipes offer superior performance in harsh environments where traditional steel pipes face limitations due to corrosion and high maintenance costs. With oilfield operations expanding in regions like North America and the Middle East, demand is projected to grow at 5.50%
CAGR from 2025 to 2032
REGIONAL MARKET OUTLOOK
North America
North America leads the global onshore flexible composite pipe market, with the region's 2023 valuation reaching USD 747.15 million and projected growth at a 4.71% CAGR through 2032. This dominance stems from its mature oil & gas sector, strict regulatory frameworks for pipeline safety, and high adoption of corrosion-resistant materials.
Europe
Europe's market growth is propelled by stringent EU directives on pipeline emissions and leakage prevention, with Germany and the UK accounting for 52% of regional consumption. The REPowerEU plan's focus on hydrogen infrastructure is driving adoption of carbon-fiber composite pipes rated for hydrogen embrittlement resistance. However, the market faces headwinds from slower permitting processes for energy projects and competition from established steel pipe manufacturers defending their market share.
COMPETITIVE LANDSCAPE
TechnipFMC (UK/France)
Prysmian Group (Italy)
National Oilwell Varco (U.S.)
Shawcor (Canada)
FlexSteel Pipeline Technologies (U.S.)
SoluForce (Netherlands)
Aerosun Corporation (China)
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
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