Press release
Spoolable Pipes Market Competitive Landscape and Strategic Insights Analysis, Size & Prominent Players
Spoolable Pipes Market
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Published by: Allied Market Research
Market Value:
- 2016: $1,345 million
- 2023 (forecasted): $2,107 million
- CAGR: 6.7% (2017-2023)
Key Market Segments:
- 2016 Onshore Application: ~5/9 share of the global market revenue
Market Insights
Spoolable Pipes:
- Types: Thermoplastics or thermosets with steel, fiber, or aluminum reinforcement.
- Applications: Transport of crude/refined fuels, sewage, slurry, water. Used in onshore, offshore, downhole, waste water treatment, and mining.
- Advantages: High strength, impact & fatigue resistance, lightweight, high design flexibility, easy installation, lower operational costs compared to steel pipes.
Market Drivers:
- Increased adoption in onshore/offshore oil & gas transport due to easy installation and cost efficiency.
- Growth in oil & gas production necessitating reliable transport solutions.
Market Challenges:
High entry barriers due to stringent regulations and lengthy product approval cycles.
Growth Opportunities:
- Offshore oil & gas field discoveries.
- Rise in onshore/offshore exploration activities due to increasing energy demand.
Key Findings
- LAMEA: Expected highest growth (CAGR 7.3%).
- Asia-Pacific: Significant growth potential.
- Thermoplastics Matrix: Highest market share in 2016; projected growth (CAGR 6.8%).
- Fiber Reinforcement: Leading in revenue, expected significant growth (CAGR 6.8%).
- U.S.: Highest market share in 2016 (CAGR 6.3%).
- North America & LAMEA: >80% of global market share in 2016.
Top Market Players:
- Airborne Oil & Gas B.V.
- Changchun Gaoxiang Special Pipes Co., Ltd.
- Flexpipe Inc.
- FlexSteel Pipeline Technologies, Inc.
- Future Pipe Industries (L.L.C.)
- Magma Global Limited
- National Oilwell Varco, Inc.
- Pipelife International GmbH
- Polyflow LLC
- Smartpipe Technologies
πππππ’π§ πππ©π¨π«π πππππ’π₯π¬: https://www.alliedmarketresearch.com/spoolable-pipes-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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