Market Research Center forecasts global demand for flexible composite pipe and polyester transmission belts

On July 31, 2026, Market Research Center Co., Ltd., a Tokyo‑based market‑research firm, released two reports covering the global markets for non‑adhesive flexible composite pipe and polyester‑core power‑transmission belts. The flexible composite pipe study shows the market reached US$637 million in 2024 and is projected to grow to US$1.092 billion by 2031, a compound annual growth rate of 8.1 %. Growth is driven by expanding offshore oil‑ and‑gas development, deep‑sea projects and related chemical‑plant and marine‑engineering applications.

The polyester‑core belt report estimates a 2024 market size of US$1.581 billion, expanding to US$2.176 billion by 2031 with a CAGR of 4.7 %. Demand is linked to factory automation, logistics and food‑processing equipment worldwide. Both reports analyse regional shares across North America, Europe, Asia‑Pacific, South America and the Middle East/Africa and examine the impact of U.S. tariff regimes on competition.