Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global spoolable pipes market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

Spoolable pipes are flexible pipes manufactured using polymeric materials reinforced with carbon and glass fibers. They can be wound on a reel and provide ease in installation and transportation. They are commonly available in composite and reinforced thermoplastic variants. Spoolable pipes are widely used in the production of gathering lines, jumpers, subsea flowlines, directional drilling, well intervention, and injection lines. They are also used for the transportation of refined and crude petroleum fuels, such as natural gas and oil, and other fuels, including slurry, sewage, and water. These pipes maintain structural integrity under extreme temperatures and exhibit excellent resistance to corrosion, erosion, pressure, and chemicals. Spoolable pipes also possess other beneficial properties, such as high fatigue resistance, enhanced flow rates, reduced maintenance costs, and fast commissioning.

Spoolable Pipes Market Trends:
The significant growth in the oil and gas industry across the globe is the key factor driving the market growth. Spoolable pipes are widely used for the transportation of crude oil and natural gas due to their low maintenance and installation properties. In line with this, the widespread product adoption in gas gathering lines is favoring the market growth. Moreover, various technological advancements, such as the development of complementary spoolable composite pipe technology for enhancing performance at high loads, are providing a considerable boost to the market growth. In addition to this, the increasing utilization of spoolable pipes in water distribution, mining, and water treatment on account of resistance to contamination and the minimized risks of microbial contamination is positively impacting the market growth. Apart from this, the increasing demand for fiber-reinforced spoolable pipes and the widespread product adoption for the renovation and repair of traditional piping systems are anticipated to create a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global spoolable pipes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on matrix type, reinforcement type, application and sales channel.

Breakup by Matrix Type:

Thermoplastics
Thermosets

Breakup by Reinforcement Type:

Glass Fiber-Reinforced Spoolable Pipe
Carbon Fiber-Reinforced Spoolable Pipe
Steel-Reinforced Spoolable Pipe
Others

Breakup by Application:

Onshore
Offshore
Downhole
Others

Breakup by Sales Channel:

Direct Sales
Distributors

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, FlexSteel Pipeline Technologies Inc., Future Pipe Industries, Hebei Heng An Tai Pipeline Co. Ltd, Magma Global Ltd. (TechnipFMC plc), NOV Inc., Pipelife International Gmbh (Wienerberger AG), Shawcor Ltd., Smartpipe Technologies and Strohm B.V.

Key Questions Answered in This Report

1. What was the size of the global spoolable pipes market in 2022?
2. What is the expected growth rate of the global spoolable pipes market during 2023-2028?
3. What has been the impact of COVID-19 on the global spoolable pipes market?
4. What are the key factors driving the global spoolable pipes market?
5. What is the breakup of the global spoolable pipes market based on the matrix type?
6. What is the breakup of the global spoolable pipes market based on the application?
7. What are the key regions in the global spoolable pipes market?
8. Who are the key players/companies in the global spoolable pipes market?