North American Spoolable Pipe Market to reach US$ 650.1 million in 2022

Stratview Research has published a new research report on North American Spoolable Pipe Market. This extensive report by Stratview Research analyses the growth of North American Spoolable Pipe Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• by Reinforcement Type (Fiber Reinforcement, Steel Reinforcement)
• by Product Type (Spoolable Composite Pipe, Reinforced Thermoplastic Pipe)
• by Application Type (Onshore Applications, Offshore Applications, Water, Others)
• by Diameter Type (Small Diameter Pipe, Large Diameter Pipe)
• by User Type (Operators, EPC Contractors, Drilling Contractors, Others)
• by Sales Channel Type (Direct Sales, Distributors)
• By Country (The USA, Canada, Mexico)

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Demand for spoolable pipes in North America
The North American spoolable pipe market offers a healthy growth opportunity for the entire ecosystem and is projected to reach US$ 650.1 million in 2022. The spoolable pipe market includes both spoolable composite pipe (SCP) and reinforced thermoplastic pipe (RTP). Despite the short-term fluctuations in the demand for spoolable pipes driven by decreasing rigs or wells count, the long-term business outlook seems promising with good growth potential over the next five years. An expected recovery in the rigs or wells count; cost competitiveness of spoolable pipes over steel pipes; excellent corrosion and erosion resistance; and higher preference of spoolable pipe over steel ones in small diameter pipes are the major factors that are proliferating the growth of the spoolable pipe market.

Applications of spoolable pipe
Over 90% of the failures in pipes in the high-pressure applications are related to 6-inch diameter or smaller pipes. Most of the failures are due to the internal and external corrosion. Spoolable pipes offer excellent corrosion and erosion resistance properties, high fatigue resistance, reduced maintenance cost, faster commissioning, and improved flow rates. Spoolable pipes are used in the high-pressure applications in onshore, offshore, and downhole. They have gained a significant acceptance over a period of time and have been replacing steel pipes in the high-pressure applications. Spoolable pipes can be made up to the length of 600 meters to 3,000 meters with fewer joints in between.

Material used for spoolable pipe
Spoolable pipes are mainly composed of three materials. The first material is HDPE (High-Density Polyethylene) which is used in the inner layer of the spoolable pipe. It has a good erosion and corrosion resistance, impact resistance, and has a successful track record in the low-pressure oil & gas applications. The second material is used as reinforcement, which allows the pipe to handle higher pressure. Steel bands or cords, braided polyester, glass fiber, aramid fiber, and carbon fiber can be used as reinforcement material depending on the manufacturers. The third and final pipe material is extruded HDPE that is used in the outer layer of pipe with the purpose of providing protection to the pipe during the installation.
About eight to ten years back, the usage of spoolable pipes in high-pressure applications was at a nascent stage in the North American oil & gas industry. Since then, there has been a transformation in the acceptance of spoolable pipes in the regional oil & gas industry. North America has been the pioneer in the usage of the spoolable pipes.

Top market players
The supply chain of this market comprises raw material manufacturers, spoolable pipe manufacturers, distributors, drilling contractors, EPC contractors, and operators (oil & gas companies). The key EPC contractors are Fluor Corporation, Bechtel, McDermott, and CB&I and the key oil & gas companies are Shell, ExxonMobil, Chevron, and ConocoPhillips.
The key spoolable pipe manufacturers are National Oilwell Varco Inc., Shawcor Limited; Pipelife International; Flexsteel Pipeline Technologies, Inc.; Polyflow, LLC; Magma Global Ltd.; Airborne Oil & Gas BV; Cosmoplast Industrial Company LLC; and Pes.Tec. The regional expansion, new product development, and collaboration with customers are the key strategies adopted by the key players to gain a competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• North American Spoolable Pipe Market overview, industry life cycle analysis, supply chain analysis
• Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend (2011 – 2016) and forecast analysis (2017-2022) of each segment.
• Competitors’ market share, product portfolio and new launches.
• Growth opportunities in each segment.
• Emerging trends which will decide the future course of development.
• Strategic growth opportunities for the existing and new players
• Key success factors.

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