Spoolable Pipes Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2019-2023

The global spoolable pipes market has the potential to grow by USD 432.25 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by matrix type (thermoplastic and thermoset) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Airborne Oil & Gas BV, FlexSteel Pipeline Technologies Inc., Future Pipe Industries, Magma Global Ltd., National Oilwell Varco Inc., PES.TEC, Pipelife International GmbH, Polyflow LLC, Shawcor Ltd., and Victrex Plc.

Market Overview

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Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will decrease during the forecast period. To cater to the growing demand from the oil and gas industry, vendors are focusing on developing high-quality pipes for deep-water operations. Airborne Oil & Gas BV, FlexSteel Pipeline Technologies Inc., and Future Pipe Industries are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the fragility of spoolable pipes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this spoolable pipes market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, the report also includes information on the upcoming spoolable pipes market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This spoolable pipes market analysis report provides information on the production, sustainability, and prospects of several leading spoolable pipes companies, including:

• Airborne Oil & Gas BV
• FlexSteel Pipeline Technologies Inc.
• Future Pipe Industries
• Magma Global Ltd.
• National Oilwell Varco Inc.
• PES.TEC
• Pipelife International GmbH
• Polyflow LLC
• Shawcor Ltd.
• Victrex Plc

Spoolable Pipes Market: Segmentation by Region

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The growing midstream oil and gas sector is attracting new infrastructure investments in shale oil exploration in North America. There are significant investments in different areas of operations, including oil and gas storage facilities, refineries and oil pipelines, oil and gas pipelines, lease equipment, and export terminals. These factors are positively influencing spoolable pipes market growth in North America.

More than 40% of the market growth will originate from North America during the forecast period. Major oil and gas industry players operating in the region are making significant investments to improve their production capabilities. The US is the critical market for spoolable pipes in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.

Spoolable Pipes Market: Segmentation by Matrix Type

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Spoolable thermoplastic pipes are easy to install and are more affordable than metallic pipes. The development of pipeline infrastructure and the expansion of oil and gas fields have increased the demand for spoolable thermoplastic pipes.

Market growth in the thermoplastic segment will be faster than the growth of the market in the thermoset segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the spoolable pipes market size.

Spoolable Pipes Market: Key Drivers and Trends

Spoolable pipes are widely accepted in the oil and gas industry for pipe-in-pipe installations because of their greater flexibility and high insulation performance. The pipe-in-pipe technology is increasingly being adopted in the oil and gas industry, especially in offshore fields where the replacement of pipes is extremely difficult. The pipe-in-pipe installation method also offers various environmental advantages. The installation method only requires excavation at both ends of the pipelines and the older pipes are easily replaced with spoolable pipes without damaging the surrounding environment. These factors have increased the use of spoolable pipes in the oil and gas industry. This is one of the key factors driving the growth of the global spoolable pipes market size.

• Increasing ultra-deep drilling activities is a significant trend that will affect the spoolable pipes market landscape.
• Spoolable thermoplastic pipes are widely used in both onshore and offshore oil and gas E&P activities.
• Players in the oil and gas industry are upgrading their pipeline systems, production flowlines, injection lines, and transportation pipelines because of the increase in deep-sea drilling activities.
• Market vendors are investing heavily in the development of high-performance spoolable pipes that can be used in deep-water drilling activities.
• The growing interest in deep-sea water drilling activities in the oil and gas industry will positively influence the spoolable pipes market growth.
• During 2019-2023, the market will register a CAGR of around 6%.

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Spoolable Pipes Market: Key Highlights of the Report for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the spoolable pipes market size during the next five years
• Precise estimation of the global 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 APAC, Europe, MEA, North America, 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 vendors

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