Press release
Spoolable Pipes Global Market Research Report to Witness a Remarkable Growth During Forecast Period 2032 | Shawcor Ltd., National Oilwell Varco, Baker Hughes, Future Pipe Industries, Polyflow LLC.
Spoolable Pipes Market
The Business Research Company's Spoolable Pipes Global Market Report 2023 identifies 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.
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 market size of global spoolable pipes market is expected to reach $1.89 billion in 2027 at a CAGR of 4.6%.
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Major players in the spoolable pipes market are 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), Smartpipe Technologies, Strohm B.V., Changchun Gaoxiang Special Pipes Co. Ltd., Flexpipe Inc., FibronPipe, and Cairn India.
Product innovations have emerged as a key trend gaining popularity in the spoolable pipes market. The market is seeing increased investments in nonmetallic composite materials as they offer lower prices, reduced corrosion risks and lower manufacturing emissions than traditional pipes.
Read More On The Global Spoolable Pipes Market Report Here:
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The Spoolable Pipes Market Is Segmented -
• 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.
The Business Research Company's "Global Spoolable Pipes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
.....
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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