Press release
Spoolable Pipes Global Market Report 2025: Market Size, 5.4% CAGR Growth, Key Drivers, and Leading Trends
Spoolable Pipes Global Market Outlook
What Is The Projected Market Size Of The Global Spoolable Pipes Global Market Report 2025 And Its Growth Rate?
•The spoolable pipes market size will grow from $1.63 billion in 2024 to $1.72 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%.
•The growth in the historic period can be attributed to oil and gas industry demand, advancements in composite materials, expansion in pipeline infrastructure, rise in exploration and production activities, cost and time efficiency.
•The market size is expected to grow to $2.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%.
•The growth in the forecast period can be attributed to the rise in energy infrastructure development, increasing demand for flexible pipeline solutions, focus on environmental sustainability, expansion of infrastructure in developing regions, increase in offshore and subsea applications.
What Is Driving The Growth In The Spoolable Pipes Global Market Report 2025?
The increasing demand for oil and gas is expected to drive the growth of the spoolable pipes market going forward. Oil and gas refer to fossil fuels used primarily for energy and industrial applications, extracted from beneath the Earth's surface. The demand for oil and gas is attributed to their essential role in transportation, heating, electricity generation, industrial growth, population increase, urbanization, and the demand for petrochemicals. 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. For instance, In April 2024, the U.S. Energy Information Administration (EIA) reported that the electric power sector saw the most significant increase in natural gas consumption among U.S. economic sectors in 2023. There was a 7% rise, amounting to an increase of 2.2 billion cubic feet per day (Bcf/d), bringing the total from 33.2 Bcf/d in 2022 to a record high of 35.4 Bcf/d.
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Who Are the Key Players Driving Spoolable Pipes Global Market Report 2025 Growth?
•Shawcor Ltd.
•National Oilwell Varco Inc.
•Pipeline International GmbH
•Baker Hughes Company
•Future Pipe Industries LLC
•Polyflow LLC
•Airborne Oil & Gas B.V.
•Magma Global Ltd.
•Smartpipe Technologies Limited
•Strohm B.V.
•Changchun Gaoxiang Special Pipes Co. Ltd.
•Flexpipe Inc.
•Fibron Pipe GmbH
•Belco Manufacturing Company
•Hebei Heng An Tai Pipeline Co. Ltd.
•Hebei Shengtian Pipe-Fitting Group Co. Ltd.
•Hebei Yanshan Yonghui Steel Pipe Co. Ltd.
•Hebei Zhonghai Steel Pipe Manufacturing Corporation
•JFE Steel Corporation
•NOV Fiber Glass Systems
•Pipelife Nederland B.V.
•PolyPipe Inc.
•SoluForce GmbH
•Spoolable Pipe Specialists LLC
•Titeflex Corporation
•TUBAOCEAN Offshore Engineering Co. Ltd.
•ZCL Composites Inc.
•Zhejiang Jiuli Hi-Tech Metals Co. Ltd.
What Are The Key Trends In The Spoolable Pipes Global Market Report 2025?
•Technological innovations in manufacturing processes
•Renewable energy projects
•Increased applications in water management
•Growing preference for lightweight and flexible pipes
•Focus on pipeline safety and reliability
What Are The Segments Of The Global Spoolable Pipes Global Market Report 2025?
•By Matrix: Thermoplastics, Thermosets
•By Reinforcements: Glass Fiber Reinforcement, Carbon Fiber Reinforcement, Steel Reinforcement
•By Sales: Direct Sales, Distributors
•By Application: On-Shore, Off-Shore, Downhole
Which Region Leads The Spoolable Pipes Global Market Report 2025?
North America was the largest region in the spoolable pipes market share in 2024. The regions covered in the spoolable pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Spoolable Pipes Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Spoolable Pipes Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Spoolable Pipes Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Spoolable Pipes Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Spoolable Pipes Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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