Get In Touch

Bend Restrictors and Stiffeners Market: Overview

Bend restrictors and stiffeners are used in for deep-sea drilling operation in offshore areas in the oil & gas industry. Bend stiffeners are made up of polyurethane and have conically shaped design that helps add local stiffness to a riser, umbilical cable, and flowline to limit the curvature and bending stresses to acceptable levels. They are used to protect flexible pipelines from over-bending at the termination point. Bend restrictors are designed to prevent damage to an umbilical cable from over-bending. They balance the applied loads which could buckle the internal channels of flexible riser pipe, MUX line, and an umbilical cable. Bend restrictors are used to protect flexible pipelines from over-bending and buckling during their installation or operation phase where static loads are generated. 

Bend Restrictors and Stiffeners Market: Trend & Development

Increase in offshore drilling activities is augmenting the bend restrictors and stiffeners market. The bend restrictors and stiffeners market is expected to expand in the near future owing to the rise in demand for of fossil fuels across the globe. However, offshore operations are costlier and risky than onshore operations. Therefore, offshore operations focus on safety and cost-effectiveness. The bend restrictors and stiffeners market has been expanding as it offers several properties such as addition of stiffness and limit bending stresses and curvature. It also prevents structure damage from over-bending and lowers structure fatigue. Split design allow installation of the restrictor after pipe termination, ease of installation onshore and offshore, light weight in water, reducing the loading on the pipe, and increased durability are some of the benefits of bend restrictors driving the bend restrictors and stiffeners market .

The bend restrictors and stiffeners market can be segmented based on application and region. In terms of application, the bend restrictors and stiffeners market can be divided into cables, subsea riser, flowlines, flexible pipelines, and others. Bend restrictors are used to protect flexible pipelines from buckling and over-bending during their installation or operation phase, wherein static loads are generated. Bend restrictors are used to support a flexible pipe over free spans where there is the possibility of damaging the pipe structure because of over-bending, wellhead connections, PLET connections, J-tube exits, rigid pipe crossovers and over a subsea buoy. Unlike bend stiffeners, bend restrictors provide protection once the flexible pipe has achieved a particular bend radius. Polymer bend restrictor elements are typically made from structural polyurethane. 

Global Bend Restrictors and Stiffeners Market: Regional Outlook 

Based on region, the bend restrictors and stiffeners market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is a key region of the bend restrictors and stiffeners market. It is followed by Middle East & Africa and Latin America. Far East Asia accounted for major share of the bend restrictors and stiffeners market in 2017 due to the large amount of offshore well drilling (1,282) in the area. Thailand, China, and India are key countries for offshore well drilling in Asia Pacific. However, the UAE and countries in Africa are expected to significantly drive the bend restrictors and stiffeners market in the near future due to the large number of offshore drilling in these regions. Increasing offshore activities in Latin America countries such as Brazil and Mexico will drive the bend restrictors and stiffeners market in the region. 

Global Bend Restrictors and Stiffeners Market: Key Players 

Key players operating in the global bend restrictors and stiffeners market include Trelleborg, EXSTO, UW-ELAST AB, ABCO Subsea, BARDOT GROUP, Whitefield Plastics, Balmoral Group Holdings Ltd., First Subsea Ltd, and Flexible Engineered Solutions Limited. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Bend Restrictors Stiffeners Market

Pre Book