According to the latest report by IMARC Group, titled “Spoolable Pipes Market Report by Matrix Type (Thermoplastics, Thermosets), Reinforcement Type (Glass Fiber-Reinforced Spoolable Pipe, Carbon Fiber-Reinforced Spoolable Pipe, Steel-Reinforced Spoolable Pipe, and Others), Application (Onshore, Offshore, Downhole, and Others), Sales Channel (Direct Sales, Distributors), and Region 2024-2032,” the global spoolable pipes market size reached US$ 1.8 Billion in 2023. Spoolable pipes, also known as composite pipes, are lightweight, flexible, durable, and corrosion-resistant alternatives to traditional steel pipes. These pipes are made from a combination of plastic and reinforcing fibers, including carbon or glass fibers, that are wound around a spool to create a continuous length of pipe. They offer numerous advantages, such as a high strength-to-weight ratio, corrosion and chemical resistance, and easy installation. Apart from this, spoolable pipes require minimal maintenance and have a longer lifespan than traditional pipes, helping businesses save time and money. They are versatile, cost-effective, and can be easily transported and installed in various environments, including offshore and onshore oil and gas fields, chemical processing plants, and water treatment facilities.
Global Spoolable Pipes Market Trends:
The increasing demand for spoolable pipes from the expanding oil and gas industry across the globe to transport crude oil and natural gas is primarily driving the market growth. Concurrent with this, the largescale product utilization in gas gathering lines, water distribution, mining, and water treatment plants is impelling the market growth. Moreover, the implementation of favorable green initiatives and regulations by governments and the escalating awareness among consumers about the advantages of spoolable pipes over traditional steel pipes are influencing the market growth. In addition to this, the escalating demand for renewable energy sources, such as wind and solar power, is enhancing the need for spoolable pipes used for constructing transmission and distribution systems, which is creating a positive outlook for the market. Furthermore, ongoing technological advancements, such as the development of new spoolable pipe materials produced using improved manufacturing processes, are presenting remunerative growth opportunities for the market. Besides this, the advent of complementary spoolable composite pipe technology for enhancing performance at high loads is contributing to the market growth. Looking forward, the market value is projected to reach US$ 2.4 Billion by 2032, expanding at a CAGR of 3.4% during 2024-2032.
Market Summary:
- Based on the matrix type, the market has been bifurcated into thermoplastics and thermosets.
- On the basis of the reinforcement type, the market is segregated into glass fiber-reinforced, carbon fiber-reinforced, steel-reinforced, and other spoolable pipes
- Based on application, the market has been categorized into onshore, offshore, downhole, and others.
- On the basis of the sales channel, the market is divided into direct sales and distributors.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some 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.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Matrix Type, Reinforcement Type, Application, Sales Channel, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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.. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800