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    Spoolable Pipe Market Size, Share & Forecast (2019-2024)

    Spoolable Pipe Market Size, Share & Forecast (2019-2024)
    Report code - SROG101 Published On : Sep,2019 No. of Pages: 224

    Spoolable Pipe Market Size, Share, Trend, Forecast, & Co See more...

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    Spoolable Pipe Market Insights

    The global spoolable reinforced pipe market offers a healthy growth opportunity for the entire ecosystem and its size is projected to reach US$ 1,144.4 million in 2024. Spoolable reinforced pipe is also known as Thermoplastic Composite Pipe (TCP) and Reinforced Thermoplastic Pipe (RTP). The long-term business outlook seems promising with good growth potential over the next five years. An expected recovery in the rigs or wells count; cost competitiveness of spoolable reinforced pipes over steel pipes; excellent corrosion and erosion resistance; and higher preference of spoolable reinforced pipe over steel ones in low-diameter pipes.

    Spoolable Pipe Market Forecast

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    Over 90% of the failures in pipes in the high-pressure applications are related to 6-inch diameter or smaller pipes. Most of the failures are due to internal and external corrosion. Spoolable reinforced pipes offer excellent corrosion and erosion resistance properties, high fatigue resistance, reduced maintenance cost, faster commissioning, and improved flow rates. Spoolable reinforced pipes are used in the high-pressure applications in onshore, offshore, and downhole. They have gained a significant acceptance over a period of time and have been replacing steel pipes in the high-pressure applications. Spoolable reinforced pipes can be made up to the length of 600 meters to 3,000 meters with fewer joints in between.

    Spoolable reinforced pipes are mainly composed of three materials. The first material is HDPE (High-Density Polyethylene), which is used in the inner layer of the spoolable reinforced pipe. It has a good erosion and corrosion resistance, impact resistance, and has a successful track record in the low-pressure oil & gas applications. The second material is used as reinforcement, which allows the pipe to handle higher pressure. Steel bands or cords, braided polyester, glass fiber, aramid fiber, and carbon fiber can be used as reinforcement material depending on the manufacturers. The third and final pipe material is extruded HDPE that is used in the outer layer of the pipe with the purpose of providing protection to the pipe during the installation.

    Spoolable Pipe Market Share Analysis

    Spoolable Pipe Market Forecast

    Insights by Reinforcement Type

    The spoolable reinforced pipe market is segmented based on reinforcement type as Fiber Reinforcement and Steel Reinforcement. Fiber reinforcement segment is further divided into glass fiber reinforcement, carbon fiber reinforcement, and others, which are mainly aramid and polyester reinforcements. The fiber-reinforced spoolable pipe is likely to gain more market traction in the coming years by replacing steel pipes in the high-pressure applications. 

    Insights by Type of Applications

    Based on the application type, the spoolable pipe market is segmented into Onshore, Offshore, Downhole, Water, and Others. The Onshore segment is further segmented into production and gathering lines, injection lines, disposal lines, and others. Similarly, the Offshore segment is further segmented into subsea flowlines, jumpers, and others. Onshore is expected to remain the growth engine of the spoolable reinforced pipe market during the forecast period. All the major onshore applications, such as production and gathering lines and injection lines are likely to generate a healthy demand for spoolable reinforced pipes over the next five years.

    Insights by Diameter Type

    Based on the diameter type, the spoolable pipe market is segmented into Small-Diameter Pipe and Large-Diameter Pipe. The small-diameter pipe is projected to remain the largest consumer of spoolable reinforced pipes during the forecast period. All the major players are supplying primarily small-diameter pipes targeting all the major applications. The large-diameter pipe is also likely to exhibit healthy growth during the same period.

    Regional Insights

    In terms of regions, North America is expected to remain the growth engine of the spoolable reinforced pipe market during the forecast period. The region is likely to witness the highest growth during the forecast period, driven by the recovery of wells or rigs count and increasing penetration of spoolable reinforced pipes. All the leading spoolable reinforced pipe makers, such as National Oilwell Varco Inc. (Fiberspar), Shawcor Limited (Flexpipe), and Flexsteel Pipeline Technologies, Inc., are headquartered in North America. 

    Key Players

    The supply chain of this market comprises raw material manufacturers, spoolable reinforced pipe manufacturers, distributors, drilling contractors, EPC contractors, and operators (oil & gas companies). The key EPC contractors are Fluor Corporation, Bechtel, McDermott, and CB&I and the key oil & gas companies are Shell, ExxonMobil, Chevron, and ConocoPhillips.

    The key spoolable reinforced pipe manufacturers are National Oilwell Varco Inc., Shawcor Limited; Pipelife International; Flexsteel Pipeline Technologies, Inc.; Polyflow, GHGE; Aerosun Corporation; Hebei Heng An Tai Pipeline Co., Ltd.; Changchun Gao Xiang Special Pipe Co., LTD.; Magma Global Ltd.; Airborne Oil & Gas BV; Cosmoplast Industrial Company LLC; and Pes. Tec. The regional expansion, new product development, and collaboration with customers are the key strategies adopted by the key players to gain a competitive edge in the market.  

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Spoolable pipes are considered to be an important technology in the oil and gas industry for pipeline applications. These are specifically used in this industry for its various properties such as resistance against temperature, chemicals, corrosion, impact, and pressure.

    Spoolable pipes are available in different diameter sizes and also are now available in different types such as glass fiber, carbon fiber, and others. These pipes are used in different applications such as downhole, onshore, offshore, water, and many others.

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    $ 1,144.4 million

    Forecast

    5.3% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries Covered

    US, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, Austria, Norway, Denmark, Ireland, Finland, Portugal, Greece, Czech Republic, China, Japan, India, Korea, Taiwan, Australia, Thailand, New Zealand, Singapore, Malaysia, Indonesia, Brazil, Saudi Arabia, the United Arab Emirates, Iran, South Africa, and Argentina

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Spoolable Reinforced Pipe Market Size, Share & Forecast by Reinforcement Type:

    • Fiber Reinforcement
    • Glass Reinforcement
    • Carbon Reinforcement
    • Other Reinforcements
    • Steel Reinforcement

    Spoolable Reinforced Pipe Market Size, Share & Forecast by Application Type:

    • Onshore Applications
      • Production and Gathering Lines
      • Injection Lines
      • Disposal Lines
      • Others
    • Offshore Applications
      • Flowlines
      • Jumpers
      • Others
    • Water
    • Others

    Spoolable Reinforced Pipe Market Size, Share & Forecast by Diameter Type:

    • Small-Diameter Pipe
    • Large-Diameter Pipe

    Spoolable Reinforced Pipe Market Size, Share & Forecast by Sales Channel Type:

    • Operators
    • EPC Contractors
    • Drilling Contractors
    • Others

    Spoolable Reinforced Pipe Market Size, Share & Forecast by User Type:

    • Direct Sales
    • Distributors

    Spoolable Reinforced Pipe Market Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

    Report Features

    This report, from Stratview Research, studies the global spoolable reinforced pipe market over the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    A bird's eye view of the Global Spoolable Pipe Market

    What will be the size of the Spoolable Pipe Market in the foreseeable years?

    Driven by a number of factors like cost competitiveness of spoolable reinforced pipes over steel pipes, the spoolable pipe market size is projected to reach an estimated value of US$ US$ 1,144.4 million in 2024.

    Which country/region is expected to witness the highest growth in the Spoolable Pipe Market?

    North America is expected to witness the highest growth during the forecast period, driven by the recovery of wells or rigs count and increasing penetration of spoolable reinforced pipes..

    Which type of application is expected to remain dominant?

    Onshore application is projected to remain the most dominant application type.

    Who are the key players in the Spoolable Pipe Market?

    National Oilwell Varco Inc., Shawcor Limited; Pipelife International; Flexsteel Pipeline Technologies, Inc.; Polyflow, GHGE; Aerosun Corporation; Hebei Heng An Tai Pipeline Co., Ltd.; Changchun Gao Xiang Special Pipe Co., LTD.; Magma Global Ltd.; Airborne Oil & Gas BV; Cosmoplast Industrial Company LLC; and Pes. Tec.are among the key players in the Spoolable Pipe Market.

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