Spoolable Pipe Market is Forecasted to Reach US$ 1.3 billion in 2028, Says Stratview Research

The global Spoolable Pipe Market is projected to witness a growth rate of 3.8% annually from 2023 to 2028, with an anticipated size of US$ 1.3 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Spoolable Pipe Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.3 billion
Growth (CAGR): 3.8% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Spoolable Pipe Market:
The global Spoolable Pipe Market is segmented based reinforcement type, application type, diameter type, sales type, product type and region

Based on the reinforcement type- The spoolable pipes market is segmented into fiber reinforcement (glass-fiber reinforced, carbon-fiber reinforced, and others) and steel reinforcement. The fiber reinforced is anticipated to be the dominant and faster-growing reinforcement type in the spoolable pipe market during the forecast period. Major factors, such as advancements in fiber technology, have led to the development of stronger and more durable composite materials, enhancing the implementation and consistency of fiber-reinforced spoolable pipes. These pipes offer advanced resistance to corrosion, abrasion, and low energy, making them suitable for various demanding applications in industries such as oil & gas, water management, and industrial infrastructure. In addition to that, the lightweight characteristics of fiber-reinforced spoolable pipes make them easier to transport, handle, and install compared to traditional rigid pipes, reducing overall costs and project timelines.
Moreover, the flexibility of these pipes allows for easier adjustability around obstacles and uneven terrain, further increasing their applicability in difficult environments. The combination of superior performance, cost-effectiveness, sustainability advantages, and continuous innovation is driving the fiber-reinforced segment to become a dominant force in the spoolable pipe market.

Based on the application type- The market is segmented into onshore applications (production and gathering lines, injection lines, disposal lines, others), offshore applications (subsea flowlines, jumpers, and others), downhole, water, and others. Onshore is expected to be the growth engine of the spoolable pipe market during the forecast period. All the major onshore applications, such as production and gathering lines and injection lines, are expected to generate a strong demand for spoolable pipes in the next five years. Factors, such as increasing onshore exploration and production activities coupled with the adaptability and cost-effectiveness of spoolable pipes for onshore projects, are fueling the growth of spoolable pipes. Furthermore, the onshore segment benefits from the availability of infrastructure and logistical support, making it easier to transport and deploy spoolable pipes compared to offshore installations.

Based on the diameter type- The market is segmented into small diameter and large diameter. Small diameter is estimated to hold the major share of the market during the forecast period due to their inherent advantages because they offer superior flexibility and adjustability, facilitating easier transportation, handling, and installation, particularly in controlled environments like offshore rigs or urban settings. The smaller diameter also translates to cost-effectiveness, requiring less material, lighter transportation, and potentially smaller installation equipment, thereby reducing overall expenses. In terms of efficiency, they are often suitable for applications with moderate flow rates or pressure requirements, offering lower operational costs and minimized pressure drop over shorter distances.

Based on the sales type- The market is segmented into direct sales and distributors. Direct sales are anticipated to have the larger share in the spoolable pipe market during the forecast period. Direct sales channels enable manufacturers to offer customized solutions and tailored products to meet specific customer requirements. The dominance of direct sales in the spoolable pipes market reflects the benefits of direct customer engagement, customization capabilities, technical support, supply chain control, and profitability advantages for manufacturers and suppliers.

Based on the product type- The market is segmented into spoolable composite pipe (SCP) and reinforced thermoplastic pipe (RTP). The RTP is expected to be the dominant product type in the spoolable pipe market. RTP combines the structural integrity of traditional pipes with the lightweight, corrosion-resistant properties of thermoplastics, offering superior performance across various applications. RTP's dominance is attributed to its flexibility, as it can be customized to meet specific strategy requirements, including high pressure, temperature, and corrosive environments. Furthermore, RTP's ability to withstand harsh operating conditions, such as those encountered in oil & gas extraction, further hardens its dominance. Besides, advancements in RTP technology, including improved materials and manufacturing processes, continue to enhance its performance and expand its applications, supporting its position as the most dominating product type in the spoolable pipe market.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is estimated to hold the dominant position in the spoolable pipes market during the forecast period. This growth outlook is majorly attributed to the following-
• The growth of the market in North America is closely tied to the booming shale gas exploration in the region. Shale gas extraction, particularly from formations like the Marcellus and Permian basins, has witnessed significant growth.
• Spoolable pipes are favored in shale gas extraction due to their flexibility, corrosion resistance, and rapid installation capabilities, as the shale gas industry continues to expand, the demand for spoolable pipes in North America is expected to remain strong.
• The ongoing expansion of oil & gas infrastructure, including pipeline and well systems, contributes significantly to the demand for spoolable pipes. As North America continues to invest in energy infrastructure projects to support production and distribution, the need for reliable and durable piping solutions becomes paramount.
The Asia-Pacific spoolable pipe market is estimated to gain the highest growth in the forecasted period. The primary reason for this growth is the rapid pace of urbanization and infrastructure development. As countries in the region continue to urbanize, there is an increasing demand for modern and efficient infrastructure, including pipelines for water supply, sewage systems, and industrial applications.

Spoolable Pipe Market Drivers:
• Major factors such as increasing demand in the oil & gas industry, rise in exploration and production activities, low installation & maintenance cost of spoolable pipes, huge ongoing & planned pipelines/high pipeline investments, and aging pipeline infrastructure are expected to fuel the demand for spoolable pipes during the forecast period.
• In addition to that, spoolable pipes offer several advantages over traditional steel pipes, including corrosion resistance, lightweight construction, ease of installation, and reduced maintenance requirements attributed to the growth of the spoolable pipes market.

Top 10 Companies in the Spoolable Pipe Market:
Stratview Research has identified the following companies as the top market players:
• National Oilwell Varco Inc. (Fiberspar)
• Shawcor Limited (Flexpipe Systems Inc.)
• FlexSteel Pipeline Technology Inc.
• Wienerberger AG
• TechnipFMC plc
• Future Pipe Industries
• Changchun Gao Xiang Special Pipe Co., Ltd.
• Hebei Heng An Tai Pipeline Co., Ltd.
• Pes Tec.
• Cosmoplast Industrial Company (L.L.C.)
• Polyflow Holdings LLC
• Strohm B.V.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Spoolable Pipe Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• North American Spoolable Pipe Market: https://www.stratviewresearch.com/143/north-america-spoolable-pipe-market.html

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