DUBLIN, May 24, 2022 /PRNewswire/ -- The "Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global spoolable pipes market reached a value of US$ 1.62 billion in 2021. Looking forward, the market is projected to reach a value of US$ 2.1 billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Spoolable pipes are flexible pipes manufactured using polymeric materials reinforced with carbon and glass fibers. They can be wound on a reel and provide ease in installation and transportation. They are commonly available in composite and reinforced thermoplastic variants. Spoolable pipes are widely used in the production of gathering lines, jumpers, subsea flowlines, directional drilling, well intervention, and injection lines.
They are also used for the transportation of refined and crude petroleum fuels, such as natural gas and oil, and other fuels, including slurry, sewage, and water. These pipes maintain structural integrity under extreme temperatures and exhibit excellent resistance to corrosion, erosion, pressure, and chemicals. Spoolable pipes also possess other beneficial properties, such as high fatigue resistance, enhanced flow rates, reduced maintenance costs, and fast commissioning.
Spoolable Pipes Market Trends
The significant growth in the oil and gas industry across the globe is the key factor driving the market growth. Spoolable pipes are widely used for the transportation of crude oil and natural gas due to their low maintenance and installation properties. In line with this, the widespread product adoption in gas gathering lines is favoring the market growth.
Moreover, various technological advancements, such as the development of complementary spoolable composite pipe technology for enhancing performance at high loads, are providing a considerable boost to the market growth. In addition to this, the increasing utilization of spoolable pipes in water distribution, mining, and water treatment on account of resistance to contamination and the minimized risks of microbial contamination is positively impacting the market growth.
Apart from this, the increasing demand for fiber-reinforced spoolable pipes and the widespread product adoption for the renovation and repair of traditional piping systems are anticipated to create a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, FlexSteel Pipeline Technologies Inc., Future Pipe Industries, Hebei Heng An Tai Pipeline Co. Ltd, Magma Global Ltd. (TechnipFMC plc), NOV Inc., Pipelife International Gmbh (Wienerberger AG), Shawcor Ltd., Smartpipe Technologies and Strohm B.V.
Key Questions Answered in This Report
How has the global spoolable pipes market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global spoolable pipes market?
What are the key regional markets?
What is the breakup of the market based on the matrix type?
What is the breakup of the market based on the reinforcement type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the sales channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global spoolable pipes market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Spoolable Pipes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Matrix Type
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Reinforcement Type
7.1 Glass Fiber-Reinforced Spoolable Pipe
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Carbon Fiber-Reinforced Spoolable Pipe
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Steel-Reinforced Spoolable Pipe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1.1 Market Trends
8.1.2 Market Forecast
8.2.1 Market Trends
8.2.2 Market Forecast
8.3.1 Market Trends
8.3.2 Market Forecast
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Sales Channel
9.1 Direct Sales
9.1.1 Market Trends
9.1.2 Market Forecast
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Baker Hughes Company
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 SWOT Analysis
15.3.2 FlexSteel Pipeline Technologies Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
15.3.3 Future Pipe Industries
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
15.3.4 Hebei Heng An Tai Pipeline Co. Ltd
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
15.3.5 Magma Global Ltd. (TechnipFMC plc)
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
15.3.6 NOV Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 SWOT Analysis
15.3.7 Pipelife International Gmbh (Wienerberger AG)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
15.3.8 Shawcor Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 SWOT Analysis
15.3.9 Smartpipe Technologies
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
15.3.10 Strohm B.V.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/l3b8b3
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets