Energy & Utility

According to a market report by Lucintel, the future of the spoolable pipe market looks promising with opportunities in the onshore, offshore, and downhole applications. The global spoolable pipe market is expected to reach an estimated $1.71 billion by 2028 with a CAGR of 4.1% from 2023 to 2028. The major drivers for this market are significantly growing oil and gas industries, increasing use of these pipes to transport crude oil and natural gas since they require less maintenance and are simple to install, and rising trend of fiber-reinforced spoolable pipes.



In this market, thermoplastic and thermoset are the two major segments of spoolable pipe market by matrix type. Lucintel forecasts that thermoplastic is expected to witness higher growth over the forecast period as it can be recycled, moded, reheated, and frozen and its increasing application in various industries owing to its high durability, UV resistance, self-lubrication, and water resistance characteristics.



Within this market, onshore is expected to witness highest growth over the forecast period due to the extensive use of these pipes to reduce installation costs and durations for transporting hydrocarbons from the wellhead to processing facilities or pipelines.



North America is expected to witness highest growth over the forecast period due to the existence of major players and presence of large oil and gas reserves in the region.

NOV Fiberglass, Airborne Oil& Gas, Pipe Life, Flexpipe System, and Flexsteel are the major suppliers in the global spoolable pipe market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global spoolable pipe market by matrix type, reinforcement type, sales channel, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Spoolable Pipe Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global spoolable pipe market by matrix type, reinforcement type, sales channel, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the spoolable pipe market by matrix type (thermoplastics and thermosets), reinforcement type (glass fiber-reinforced spoolable pipes, carbon fiber-reinforced spoolable pipes, steel-reinforced spoolable pipes, and others), sales channel (direct sales and distributors), application (onshore, offshore, downhole, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?