Spoolable Pipes Market by Type and Geography - Forecast and Analysis 2022-2026

The spoolable pipes market is projected to grow by USD 743.7 million with a CAGR of 6.36% during the forecast period 2021 to 2026.

This spoolable pipes market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers spoolable pipes market segmentation by type (thermoplastic and thermoset) and geography (North America, APAC, Europe, the Middle East and Africa, and South America). The spoolable pipes market report also offers information on several market vendors, including Baker Hughes Co., Changchun Gaoxiang Special Pipe Co. Ltd., Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., NOV Inc., Shawcor Ltd., Smartpipe Technologies, Strohm B.V, TechnipFMC plc, Wienerberger AG, Flexpipe Modular Material Handling System, FlexSteel Pipeline Technologies Inc, Future Pipe Industries, and Victrex Plc among others.

What will the Spoolable Pipes Market Size be During the Forecast Period?

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Spoolable Pipes Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the spoolable pipes market. During the COVID-19 pandemic, the demand for the spoolable pipes market was impacted negatively. A holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Spoolable Pipes Market Driver

• The advantages of spoolable pipes over traditional metallic pipes are one of the key drivers supporting the spoolable pipes market growth.
• Spoolable pipes, such as spoolable composite pipes and RTPs, are widely used in the oil and gas, irrigation, sewage, and water supply industries.
• In the oil and gas industry, spoolable pipes are increasingly accepted as an efficient alternative to conventional metal pipes because of their distinct advantages, such as better corrosion resistance, lightweight, and improved fatigue resistance. 
• Spoolable pipes, such as RTPs, are non-corrosive, whereas metallic pipes, such as iron and steel pipes, are corrosive. Metallic pipes are protected using a corrosion-proof layer.
• Spoolable pipes require very low maintenance when compared to metallic pipes because of their high resistance to corrosion and fatigue. Such an advantage will drive market growth during the forecast period.

Key Spoolable Pipes Market Trend

• Increasing ultra-deep drilling activities is one of the key spoolable pipes market trends contributing to the market growth.
• Ultra-deep-water oil fields are located at depths ranging from 3,000 to 5,000 feet, and reaching these depths requires highly advanced technologies and equipment. Moreover, with the growing interest in deep-sea drilling, the oil and gas industry is upgrading its pipeline systems. 
• Spoolable thermoplastic pipes are extensively used in both onshore and offshore oil and gas extraction, storage, and transportation. However, the use of these pipes is restricted in deep-water applications, and several research works have been carried out to extend the application of these pipes to deep-water oil and gas fields.
• Airborne received a large contract from Oceaneering International Inc. to deploy a 4-kilometer, 7.1-inch internal diameter, and 160 bar design pressure TCP flowline in its West African offshore field. Therefore, the increase in deep water oil and gas extraction activities will contribute to the growth of the market during the forecast period.

Key Spoolable Pipes Market Challenge

• Increasing ultra-deep drilling activities is one of the factors impeding the spoolable pipes market growth.
• Spoolable pipes are mainly categorized as spoolable composite pipes and reinforced thermoplastic pipes. These pipes are more fragile than steel pipes and are more likely to fail owing to installation-related deficiencies. 
• In some cases, the lack of underground pipe support damages the pipes owing to uneven pipe settlement into the bottom of the trench. This results in excessive internal axial and shear stress on the pipe body and at the connections.  
•  In winter, heat is applied to the pipe reels to extend the lengths of the pipes. While unreeling these pipes, non-uniform heating increases the chances of twisting because, in such cases, the pipes become more pliable on heated areas of the reel. Therefore, the fragility of these pipes can limit their adoption during the forecast period.

This spoolable pipes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global spoolable pipes market as a part of the global oil and gas storage and transportation market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the spoolable pipes market during the forecast period.

Who are the Major Spoolable Pipes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Baker Hughes Co.
• Changchun Gaoxiang Special Pipe Co. Ltd.
• Cosmoplast Ind. Co. LLC
• Hebei Heng An Tai Pipeline Co. Ltd.
• NOV Inc.
• Shawcor Ltd.
• Smartpipe Technologies
• Strohm B.V
• TechnipFMC plc
• Wienerberger AG
• Flexpipe Modular Material Handing System
• FlexSteel Pipeline Technologies Inc
• Future Pipe Industries
• Victrex Plc

 

This statistical study of the spoolable pipes market encompasses successful business strategies deployed by the key vendors. The spoolable pipes market is concentrated and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.

Product Insights and News

• technipfmc.com - The company offers a composite pipeline, which is a spoolable, flexible line pipe made from a thermoplastic liner, a helically wound reinforcement layer and an external thermoplastic jacket that resists high pressure effectively.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The spoolable pipes market report contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.

Spoolable Pipes Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the spoolable pipes market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Spoolable Pipes Market?

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for the spoolable pipes market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The growing upstream oil and gas sector will facilitate the spoolable pipes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

 In 2020 and the first half of 2021, the restrictions imposed to curb the spread of COVID-19 negatively impacted oil and gas pipeline projects in the region. However, in 2021, with the introduction of COVID-19 vaccines, the number of COVID-19 cases declined in the region. This led to the lifting of COVID-19-related restrictions, which has resulted in the resumption of operations on several delayed oil and gas pipeline projects.

What are the Revenue-generating Type Segments in the Spoolable Pipes Market?

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The spoolable pipes market share growth in the thermoplastic segment will be significant during the forecast period. The development in the pipeline infrastructure and the expansion of offshore oil and gas fields have propelled the demand for thermoplastic spoolable pipes. Therefore, the segment is expected to grow at a significant rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the spoolable pipes market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Spoolable Pipes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.36%
Market growth 2022-2026	$743.7 million
Market structure	Concentrated
YoY growth (%)	4.92
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 42%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Baker Hughes Co., Changchun Gaoxiang Special Pipe Co. Ltd., Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., NOV Inc., Shawcor Ltd., Smartpipe Technologies, Strohm B.V, TechnipFMC plc, Wienerberger AG, Flexpipe Modular Material Handing System, FlexSteel Pipeline Technologies Inc, Future Pipe Industries, and Victrex Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Spoolable Pipes Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive spoolable pipes market growth during the next five years
• Precise estimation of the spoolable pipes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the spoolable pipes industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of spoolable pipes market vendors

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