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    Spoolable Pipe Market Analysis

    Spoolable Pipe Market Analysis
    Report code - SROG101 Published On : Feb,2024 No. of Pages: 224
    Spoolable Pipe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Market Highlights

    The spoolable pipes market is poised for substantial growth, with a promising compound annual growth rate (CAGR) of 3.8% in the long term, culminating in a projected value of $1.3 billion by the year 2030.

    Spoolable pipes are engineered solutions typically composed of multiple layers designed for flexibility and ease of installation. Unlike rigid steel pipes, they can be wound onto spools for transportation and deployment, making them ideal for various applications, especially in challenging environments. These pipes are typically made of reinforced thermoplastic or composite materials, offer advantages such as corrosion resistance, flexibility, and cost-effectiveness, and have applications in various sectors including oil & gas, water management, mining, and others. Spoolable pipes can maintain their structural integrity even under extreme temperatures and other harsh environmental conditions. The use of reinforcement, such as fiber and steel, makes the pipe compatible with different types of fluids including oils, water, and natural gas.

    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.

    Recent Product Developments: In 2021, Baker Hughes, a US-based oil field service company, announced the launch of a new composite flexible pipe for onshore pipelines. This flexible, lightweight reinforced thermoplastic pipe (RTP) is a more cost-effective and environmentally friendly alternative to traditional onshore steel pipes. The pipe’s proven spoolable design makes transporting and installing it easier, faster, and less expensive than conventional steel pipes, saving more than 20% on installation expenses.

    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Reinforcement-Type Analysis

    Fiber Reinforcement (Glass-Fiber Reinforced, Carbon-Fiber Reinforced, and Others) and Steel Reinforcement

    Fiber reinforcement is anticipated to be the dominant reinforcement type for spoolable pipes in the years to come.

    Application-Type Analysis

    Onshore Applications (Production and Gathering Lines, Injection Lines, Disposal Lines, and Others), Offshore Applications (Subsea Flowlines, Jumpers, and Others), Downhole, Water, and Others

    Onshore application is expected to be the fastest-growing application type in the spoolable pipes market during the forecasted period.

    Diameter-Type Analysis

    Small Diameter and Large Diameter

    Small diameter is expected to be the dominating diameter type for the spoolable pipes during the forecast period.

    User-Type Analysis

    Operator, EPC Contractor, Drilling Contractor, and Others

    Operator is anticipated to be the dominating user type in the spoolable pipes market during the forecast period.

    Sales-Type Analysis

    Direct Sales and Distributors

    Direct sales are anticipated to be the largest sales type channel in the spoolable pipe market in the years to come.

    Product-Type Analysis

    Spoolable Composite Pipe and Reinforced Thermoplastic Pipe

    Reinforced thermoplastic pipe is expected to hold the largest share by product type in the spoolable pipe market.

    Regional Analysis

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

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    Reinforcement Trends

    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.

    Application Trends

    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.

    Diameter Trends

    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.

    Sales Trends

    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.

    Product Trends

    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.

    Regional Insights

    In terms of regions, North America is estimated to hold the dominant position in the spoolable pipes market during the forecast period. 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.

    Key Players

    The following are the key players in the spoolable pipes market.

    • 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.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Spoolable Pipe Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

     

    The Spoolable Pipes Market is segmented into the following categories-

    By Reinforcement Type

    • Fiber Reinforcement
      • (Type Analysis: Glass-Fiber Reinforced, Carbon-Fiber Reinforced, and Others)
    • Steel Reinforcement

    By Application Type

    • Onshore Applications
      • (Type Analysis: Production and Gathering Lines, Injection Lines, Disposal Lines, and Others)
    • Offshore Applications
      • Jumpers (Type Analysis: Subsea Flowlines, Jumpers, Disposal Lines, Others)
    • Downhole
    • Water
    • Others

    By Diameter Type

    • Small Diameter
    • Large Diameter

    By User Type

    • Operator
    • EPC Contractor
    • Drilling Contractor
    • Others

    By Sales Type

    • Direct Sales
    • Distributors

    By Product Type

    • Spoolable Composite Pipe
    • Reinforced Thermoplastic Pipe

    By Region

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

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Spoolable Pipe Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

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

    Spoolable pipes are engineered solutions typically composed of multiple layers designed for flexibility and ease of installation. Unlike rigid steel pipes, they can be wound onto spools for transportation and deployment, making them ideal for various applications, especially in challenging environments. These pipes are typically made of reinforced thermoplastic or composite materials, offer advantages such as corrosion resistance, flexibility, and cost-effectiveness, and have applications in various sectors including oil & gas, water management, mining, and others.

    The Spoolable Pipes Market is estimated to grow at a CAGR of 3.8% by 2030, driven by their extensive use in the oil & gas industry, especially in onshore applications due to their lightweight nature, corrosion resistance, and flexibility. Additionally, they offer significant advantages over traditional metal pipes, such as lower installation and transportation costs, making them attractive for various industries.

    National Oilwell Varco Inc., Shawcor Limited, FlexSteel Pipeline Technology Inc., Wienerberger AG, TechnipFMC plc, Future Pipe Industries, and Changchun Gao Xiang Special Pipe Co., Ltd. are the leading players in the Spoolable Pipe Market.

    North America is estimated to remain dominant in the spoolable pipe market in the foreseeable future. The key economies driving the regions demand for spoolable pipes are the United States and Canada. These countries have a well-established and dominant energy industry, including oil & gas exploration, production, and distribution. The region is home to extensive shale reserves, offshore drilling operations, and onshore production sites, which drive significant demand for spoolable pipes.

    Asia-Pacific is estimated to remain the fastest-growing market for spoolable pipes in the foreseeable future. The Asia-Pacific region has witnessed a significant increase in oil & gas exploration and production activities. Countries, such as Australia, Malaysia, and Indonesia, are actively involved in offshore and onshore energy projects, driving the demand for durable and corrosion-resistant piping solutions.

    Onshore application is estimated to be dominant in the market in the coming years. The combination of cost-effectiveness, adaptability, corrosion resistance, and ease of deployment positions spoolable pipes as the preferred choice for onshore applications, contributing to their major share of the market in this segment.