Press release
Global Spoolable Pipes Market Size, Industry Share, Opportunity Assessment, Growth Rate, CAGR Status And Key Players Analysis (2023-2032) | Shawcor Ltd., National Oilwell Varco, Pipeline International Gmbh (Wienerberger AG), Baker Hughes, Future Pipe Indu
Spoolable Pipe Market
Spoolable Pipes Market Size, Growth Rate, And Forecast:
The global spoolable pipes market is expected to grow from $1.49 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The spoolable pipes market is expected to reach $1.89 billion in 2027 at a CAGR of 4.6%.
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Spoolable Pipes Market Drivers:
The increasing demand for oil and gas is expected to drive the growth of the spoolable pipes market going forward. Spoolable pipes are used in oil and gas production drilling, storage and transportation systems. They are reliable solutions for transporting hydrocarbons, refined fuels and chemical products due to their remarkable strength-to-weight ratio, chemical resistance and paraffin build-up resistance.
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Spoolable Pipes Market Segments:
By Matrix: Thermoplastics, Thermosets
By Reinforcements: Glass Fiber Reinforcement, Carbon Fiber Reinforcement, Steel Reinforcement
By Application: On-shore, Off-shore, Downhole
By Sales: Direct Sales, Distributors
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Spoolable Pipes Market.
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Spoolable Pipes Market Key Players:
Major competitors in the spoolable pipes Market include Shawcor Ltd., National Oilwell Varco, Pipeline International Gmbh (Wienerberger AG), Baker Hughes, Future Pipe Industries, Polyflow LLC., Airborne Oil & Gas B.V., Magma Global Ltd. (TechnipFMC plc).
The Business Research Company's "Global Spoolable Pipes Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Spoolable Pipes Market Include:
1. Executive Summary
2. Spoolable Pipes Market Characteristics
3. Spoolable Pipes Market Trends And Strategies
4. Spoolable Pipes Market - Macro Economic Scenario
5. Spoolable Pipes Market Size And Growth
……
25. Key Mergers And Acquisitions In The Spoolable Pipes Market
26. Africa Spoolable Pipes Market
27. Spoolable Pipes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Spoolable Pipes Market
29. Spoolable Pipes Market Future Outlook and Potential Analysis
30. Appendix
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