Global Spoolable Pipes Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Spoolable Pipes Market is estimated to be USD 601.54 Mn in 2023 and is expected to reach USD 852 Mn by 2028 growing at a CAGR of 7.21%.

Market Dynamics

Spooling pipes are reinforced composite pipes that consists of a spoolable composite pipe and reinforced thermoplastic pipe. They offer excellent resistance to erosion and corrosion. They also possess other beneficial properties like fast commissioning, reduced maintenance costs, high fatigue resistance, and enhanced flow rates. Factors such as superior properties of spoolable pipes as compared to conventional, rise in production of oil & gas, rise in investment in water treatments plants and water distribution are drivers for the market growth. Whereas high entry barriers, and thermoplastic susceptible to UV and may results in chemically break down the material act as restraint for the market.

Market Segmentation

• The Global Spoolable Pipes Market is segmented further based on Diameter Type, Reinforcement Type, Application, Sales Channel, and Geography.
• By Diameter Type, the market is classified into Large Diameter Type and Small Diameter Type segments. Amongst all segments, the Large Diameter Type segment is expected to grow at the highest CAGR.
• By Reinforcement Type, the market is classified into Fiber Reinforcement, Steel Reinforcement, and Other Segments. Amongst all, the Fiber Reinforcement segment is expected to contribute the highest growth.
• By Application, the market is classified into Onshore, Offshore, Downhole and Other Segments. Amongst all, the Onshore segment is expected to contribute the highest growth.
• By Sales Channel, the market is classified into Direct and Indirect segments. Amongst all, the Direct Sales Channel segment is expected to contribute the highest growth.
• By Geography, North America is projected to lead the market.

Recent Developments

1. A composite jumper designed & manufactured by Strohm will feature in deep-sea mining activities being developed by Allseas - 19th February 2021
2. NOV has opened its first spoolable composite pipe facility in Saudi Arabia - 2nd April 2019

Company Profiles

Some of the companies covered in this report are Airborne Oil & Gas B.V., Changchun Gaoxiang Special Pipes Co., Ltd, Dalian Yingyu Co., Limited, Flexpipe Inc., Flexsteel Pipeline Technologies, Inc., Future Pipe Industries Llc, H.A.T. Flex, Magma Global Limited, National Oilwell Varco, Inc., Pipelife International Gmbh, Polyflow Llc., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Spoolable Pipes Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies