Lucintel Forecasts Flexible Pipe Market to Reach $1.7 Billion by 2027
According to the recent study the flexible pipe market is projected to reach an estimated $1.7 billion by 2027 from $1.2 billion in 2021, at a CAGR of 5.2% from 2021 to 2027. Growth in this market is primarily driven by increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.
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