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Flexible pipes offers superior durability because of its long-term mechanical properties hence widely used in markets such as factory machinery tools, packaging and automation. Exploration of oil & gas reserves and drilling activities. Development of technologies concerned to the exploration of reserves and oil production is expected to drive the growth of the flexible pipe market.

Flexible Pipe Market – Global Industry Analysis and Forecast (2023-2029)

Flexible Pipe Market is expected to reach US$ 1.36 Bn. by 2029, at a CAGR of 4.9% during the forecast period.