Press release
Spoolable Pipes Market Size Unlocking New Opportunities for Success
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/2524
Market Dynamics
- Spoolable pipelines are flexible pipes designed for the transport of crude oil, refined petroleum fuels, natural gas, sewage, slurry, and water. These pipes are made from thermoplastics or thermosets reinforced with steel, fiber, or aluminum, enhancing their strength, impact resistance, and durability. The lightweight and flexible design of thermoplastics facilitates easy installation, making them ideal for onshore, offshore, downhole, wastewater treatment, and mining applications.
- Initially developed for aboveground onshore applications to combat steel line corrosion, spoolable pipes have gained traction in the oil & gas industry for transporting resources from wellheads to production facilities. Their ease of installation and cost-effectiveness compared to steel pipes contribute to lower operational expenses, optimizing production output and prolonging field productivity.
However, the market faces challenges due to high entry barriers for new players, lengthy product approval cycles, and stringent regulations governing spoolable pipe design, construction, and manufacturing.
Key Market Insights
- Onshore Applications Lead the Market: The onshore application segment generated the highest revenue in 2016 and is anticipated to grow at a CAGR of 7.1% from 2017 to 2023.
- Emerging Offshore Opportunities: New offshore oil & gas discoveries present lucrative opportunities for manufacturers.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/spoolable-pipes-market/purchase-options
Regional Growth Trends:
- LAMEA is expected to witness the highest growth, with a CAGR of 7.3% from 2017 to 2023, followed by Asia-Pacific.
- North America and LAMEA collectively accounted for more than four-fifths of the global market share in 2016, driven by increased onshore and offshore exploration activities.
Material Insights:
- Thermoplastic matrix spoolable pipes dominated the market in 2016 and are projected to grow at a CAGR of 6.8%.
- Fiber reinforcement was the highest revenue-generating segment in 2016 and is expected to maintain significant growth at a CAGR of 6.8%.
- Country-Specific Performance: The U.S. held the highest market share in 2016, growing at a CAGR of 6.3%.
Key Players
Prominent players in the global spoolable pipes market include:
- 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
Conclusion
The spoolable pipes market is poised for substantial growth, driven by increasing oil & gas production and the demand for cost-effective, durable pipeline solutions. While challenges such as regulatory constraints exist, technological advancements and expanding offshore exploration activities present significant opportunities for market players.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/spoolable-pipes-market
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