Flexible Pipe Market Report 2026

The flexible pipe market size has grown strongly in recent years. It will grow from $1.21 billion in 2025 to $1.28 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of offshore oil and gas projects, increasing demand for fluid transfer solutions, growth of chemical processing infrastructure, rising adoption of non-metallic piping systems, availability of advanced thermoplastic materials.

The flexible pipe market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing investments in offshore energy development, rising focus on lightweight and flexible pipeline systems, expansion of water treatment infrastructure, growing demand for high-temperature resistant pipes, increasing adoption in renewable energy applications. Major trends in the forecast period include increasing adoption of high-pressure flexible pipe systems, rising demand for corrosion-resistant pipe materials, growing use of flexible pipes in offshore applications, expansion of advanced polymer-based pipe solutions, enhanced focus on long-service-life performance.

The rising demand for oil and gas is expected to drive the growth of the flexible pipe market in the coming years. Oil and gas are energy resources extracted from beneath the earth’s surface and are widely used across power generation, transportation, and industrial applications. Flexible pipes are extensively used in the oil and gas industry to address complex technical requirements and overcome geometric challenges in offshore and subsea environments. Their ability to withstand high pressure, corrosive conditions, and dynamic movements makes them well suited for such applications. For example, in April 2024, according to the Energy Information Administration, a US-based federal statistical system responsible for energy data collection and analysis, natural gas consumption in the electric power sector increased by 6% in July and August 2023 compared with the same period in 2022. Therefore, the growing demand for oil and gas is contributing to the expansion of the flexible pipe market.

Companies operating in the flexible pipe market are increasingly focusing on technological innovation, particularly the development of advanced materials and engineering designs, to meet the rising requirements of submarine and deep-water applications. Advanced materials include high-performance polymers and composite structures that improve flexibility, durability, and resistance to harsh operating conditions, which are essential for subsea installations. For instance, in November 2023, Baker Hughes, a US-based energy technology company, introduced PythonPipe, an advanced flexible pipe solution designed for efficient fluid transport in challenging environments. PythonPipe features a co-extruded liner that enhances durability and reduces permeability, making it suitable for high-pressure operations of up to 3,000 psi. The technology also reduces installation time and costs by up to 60%, lowers maintenance requirements, and significantly cuts carbon emissions across its lifecycle, supporting more sustainable fluid management practices.

In June 2025, Hunting PLC, a UK-based precision engineering company, acquired Flexible Engineered Solutions (Group) Holdings Limited for an undisclosed amount. Through this acquisition, Hunting aims to strengthen its subsea portfolio, expand its global manufacturing capabilities, and enhance its capacity to deliver integrated offshore technology solutions. Flexible Engineered Solutions (Group) Holdings Limited is a UK-based engineering manufacturer specializing in fluid transfer systems, including subsea swivels, quick connectors, and offshore loading equipment.

Major companies operating in the flexible pipe market are Schlumberger Limited, Baker Hughes, TechnipFMC plc, Saipem S.p.A., NOV Inc., National Oilwell Varco, Magma Global Ltd, Strohm B.V., Airborne Oil & Gas B.V., SoluForce, FlexSteel Pipe, Shawcor Ltd, Wellstream International Ltd, NKT Flexibles, Prysmian Group, ContiTech Group, Oceaneering International, Trelleborg Group, DeepOcean Group, Subsea 7.

North America was the largest region in the flexible pipes market share in 2025. Middle East and Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible pipe market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flexible pipe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The flexible pipe market consists of sales of plastic flexible water oil coolant pipes and hose pipes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.