USD 1.41 billion
Report ID:
SQMIG20A2241 |
Region:
Global |
Published Date: February, 2025
Pages:
200
|Tables:
145
|Figures:
88
Global Spoolable Pipes Market size was valued at USD 1.41 billion in 2023 and is poised to grow from USD 1.46 billion in 2024 to USD 1.94 billion by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).
Spooled Pipes are engineered solutions that are typically constructed in multiple layers designed for simplicity and ease of installation. Unlike rigid steel pipe, it can be wound into spools for transport and use, making it ideal for a variety of applications, especially in harsh environments. It is usually made of reinforced thermoplastic or composite materials has developed this pipe, offering advantages such as corrosion resistance, flexibility and cost effectiveness, and has applications in a variety of areas such as oil and gas, water utilities, drilling, etc. Spooled pipelines can maintain their indoor integrity at extreme temperatures even in dense and other harsh environments. The use of fiber, metal and other reinforcements makes the pipe compatible with various fluids such as oil, water and natural gas.
Increasing demand in the oil and gas industry, increasing exploration and production activities, lower installation and maintenance costs of pipelines, pipelines/pipelines increased and planned pipelines, and older pipelines. The major factors expected to drive the demand are spoolable pipelines forecast period. Additionally, spoolable pipe offers many advantages over conventional steel pipe, such as corrosion resistance, lightweight construction, ease of installation, and reduced maintenance that pipe provides the market for spool power develops.
Market snapshot - 2025-2032
Global Market Size
USD 1.41 billion
Largest Segment
Onshore
Fastest Growth
Offshore
Growth Rate
3.6% CAGR
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Global Spoolable Pipes Market is segmented by Matrix Type, Reinforcement Type, Application, Sales Channel and region. Based on Matrix Type, the market is segmented into Thermoplastics and Thermosets. Based on Reinforcement Type, the market is segmented into Glass Fiber-Reinforced Spoolable Pipe, Carbon Fiber-Reinforced Spoolable Pipe, Steel-Reinforced Spoolable Pipe and Others. Based on Application, the market is segmented into Onshore, Offshore, Downhole and Others. Based on Sales Channel, the market is segmented into Direct Sales and Distributors. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The global spoolable pipes market from the onshore segment is set to gain a notable share soon. Spoolable pipe is a common engineering solution in multiple layers and is widely used in the onshore oil and gas industry because it offers many advantages, such as better flexibility, fewer joints, one length longer, lighter, easier to install. In addition, high-pressure areas such as portable well test lines, pipelines, collection lines, gas lift lines, replacement lines, and drain lines.
Offshore is the fastest growing segment in the market. The segment of the spool pipe market is linked with spool pipe in the offshore oil and gas industry. Spoolable pipes, also known as flexible pipes, are made of composite materials such as reinforced thermoplastics or reinforced heat setting resins They offer many advantages over traditional rigid pipes, such as flexibility, light weight, corrosion resistance and ease of installation basis. In addition, spoolable composite tubing will find applications in offshore applications including pipelines, flowlines, risers, jumper expansion spools, chemical injection, methanol injection, gas lifts, wellbore penetration, choke and kill, decommissioning, and hydrate prevention which is removed. In addition, thermoplastic composite Pipes are not only used in offshore and banking applications, but other applications have also been found for downhole works where metals are prone to corrosion.
Thermoset segment is the dominant segment in the market such as reinforced heat setting resins (RTR) exhibit excellent corrosion resistance. This is an important asset in the oil and gas and other industries, where pipelines are exposed to harsh environmental conditions and corrosive agents. The corrosion resistance of the thermoset ensures a pipe that can be spoiled for a long time and lasts a long time. Thermoset-based spools are resistant to a variety of chemicals, making them suitable for a variety of non-corrosive fluids. This feature is especially important in applications with corrosive and aggressive chemicals.
The thermoplastics segment of the global spoolable pipes market is expected to account for the largest share during the forecast period. This increase in fractions is due to the increase in gas removal. For example, the total revenue of Canadian oil and gas extraction grew by more than 53%, reaching $268 billion (about $820 per person in the US) by 2022. Gas extraction creates a need for more efficient pipelines such as thermoplastic spool pipe Reinforced thermoplastic pipe (RTP). An alternative to traditional pipe materials can be developed in continuous spool lengths using filament winding or tape placement methods to provide more flexible methods of venting and this pipe is less corroded and stiffer and deeper are light to beat.
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North America is estimated to hold the dominant position in the global spoolable pipes market during the forecast period. The growth of this market in North America is closely linked to the growing demand for shale gas in the region. Shale gas extraction from areas such as the Marcellus and the Permian Basin has increased dramatically. Spools are preferred for gas extraction because of their flexibility, corrosion resistance and quick installation, and demand for spooled Pipes. North America is expected to remain strong as the shale gas industry continues to expand Oil & ongoing gas infrastructure including existing pipeline and well system contribute significantly to the demand for spoolable pipe. As North America continues to invest in energy infrastructure to support generation and distribution, the need for reliable and sustainable pipeline solutions will become increasingly important than any other.
The Asia-Pacific region in the global spoolable pipes market is estimated to witness the highest growth rate during the forecast period. The main reason for this growth is rapid urbanization and infrastructure development. As countries in the region urbanize, the demand for modern and efficient infrastructure, including pipelines and sea walls, is growing. In Asia Pacific, China, India and Southeast Asian countries are achieving rapid industrialization and infrastructure development this is driving the demand for spoolable pipelines for various applications such as oil and gas, water distribution and technical processes. Asia Pacific Exploration and production in offshore and onshore oil and gas fields is increasing. In this application, spoolable pipelines are preferred due to their lightweight, capacity they don't wear out and are easy to install, increasing their demand in the region.
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Increased Use of Efficient Pipe Technologies
Lack of Synthetic Materials
Challenges for High-temperature Applications
Ability to Handle Limited Pressures and Temperatures
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The competitive environment of the Global Spoolable Pipes Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The competitive scenario in the spool pipe market is characterized by the presence of many key players, and many regional and local operators These companies depend on factors such as product quality, technological innovation, pricing, distribution network and customer service compete. Here are some of the major players in the market. Airborne Oil & Gas is a company based in the Netherlands that specializes in the design, manufacture and supply of thermoplastic composite pipe solutions for the oil and gas industry. The company's products include TCP Flowline, TCP Jumpers, TCP Riser There are also solutions. Magma Global Ltd. Headquartered in the United Kingdom, Magma Global is a leading manufacturer of high-performance carbon fiber composite pipes for subsea applications in the oil and gas industry The company's products are known for sound construction lightweight, high strength and corrosion resistance.
Increasing Demand for Cost-effective Solutions
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global spoolable pipes market is witnessing strong growth driven by increasing demand for cost-effective and sustainable solutions in the oil and gas industry. Spoolable pipes made of reinforced thermoplastic or composite materials offer excellent corrosion resistance, lightweight design and ease of installation compared to conventional steel pipes, this market is particularly dynamic and the need for cost-effective solutions to transport hydrocarbons from production sites to manufacturing sites. Furthermore, the flexibility and durability of spooled pipelines makes them suitable for harsh environments such as offshore drilling sites and remote locations. Despite these factors, challenges such as environmental concerns related to plastic waste, high cost to the end users may hamper the market growth but new trends are expected in product and technological developments aimed at meeting the specific requirements of the oil and gas industry will drive market growth in the coming years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.41 billion |
Market size value in 2032 | USD 1.94 billion |
Growth Rate | 3.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Spoolable Pipes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Spoolable Pipes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spoolable Pipes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Spoolable Pipes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Spoolable Pipes Market size was valued at USD 1415.49 Million in 2023 and is poised to grow from USD 1466.45 Million in 2024 to USD 1946 Million by 2032, growing at a CAGR of 3.6% during the forecast period (2025-2032).
The competitive environment of the Global Spoolable Pipes Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The competitive scenario in the spool pipe market is characterized by the presence of many key players, and many regional and local operators These companies depend on factors such as product quality, technological innovation, pricing, distribution network and customer service compete. Here are some of the major players in the market. Airborne Oil & Gas is a company based in the Netherlands that specializes in the design, manufacture and supply of thermoplastic composite pipe solutions for the oil and gas industry. The company’s products include TCP Flowline, TCP Jumpers, TCP Riser There are also solutions. Magma Global Ltd. Headquartered in the United Kingdom, Magma Global is a leading manufacturer of high-performance carbon fiber composite pipes for subsea applications in the oil and gas industry The company’s products are known for sound construction lightweight, high strength and corrosion resistance. 'Shawcor Ltd.', 'National Oilwell Varco Inc.', 'Pipeline International GmbH', 'Baker Hughes Company', 'Future Pipe Industries LLC', 'Polyflow LLC', 'Airborne Oil & Gas B.V.', 'Magma Global Ltd.', 'Smartpipe Technologies Limited', 'Strohm B.V.', 'Changchun Gaoxiang Special Pipes Co. Ltd.', 'Flexpipe Inc.', 'Fibron Pipe GmbH', 'Cairn India Limited', 'Belco Manufacturing Company', 'GE Oil & Gas', 'Hebei Heng An Tai Pipeline Co. Ltd.', 'Hebei Shengtian Pipe-Fitting Group Co. Ltd.', 'Hebei Yanshan Yonghui Steel Pipe Co. Ltd.', 'Hebei Zhonghai Steel Pipe Manufacturing Corporation', 'JFE Steel Corporation', 'NOV Fiber Glass Systems', 'Pipelife Nederland B.V.', 'PolyPipe Inc.', 'SoluForce GmbH', 'Spoolable Pipe Specialists LLC', 'Titeflex Corporation', 'TUBAOCEAN Offshore Engineering Co. Ltd.', 'ZCL Composites Inc.', 'Zhejiang Jiuli Hi-Tech Metals Co. Ltd.'
Growing Demand for Cost-effective Solutions
The global spoolable pipes market is witnessing a key trend of increasing adoption in the oil and gas industry. Spooled pipe with reinforced thermoplastic or composite materials corrosion than conventional steel pipe offers many advantages like resistance, lightweight design and ease of installation. As oil and gas companies seek to optimize operating costs and increase productivity, the demand for cost-effective solutions to transport hydrocarbons from production sites to manufacturing facilities is increasing Spooled Pipes Custom method does steel pipe reduce installation time and labor costs associated with transportation, handling and operation providing a viable alternative. Also, threaded pipelines provide excellent flexibility and durability, making them suitable for harsh environments such as offshore drilling and remote oil exploration Research and materials increasing production activity in unconventional oil and gas reserves is fueling the demand for pipelines, as they offer flexibility in design and installation that will they have been able to accommodate complex well system.
North America is estimated to hold the dominant position in the global spoolable pipes market during the forecast period. The growth of this market in North America is closely linked to the growing demand for shale gas in the region. Shale gas extraction from areas such as the Marcellus and the Permian Basin has increased dramatically. Spools are preferred for gas extraction because of their flexibility, corrosion resistance and quick installation, and demand for spooled Pipes. North America is expected to remain strong as the shale gas industry continues to expand Oil & ongoing gas infrastructure including existing pipeline and well system contribute significantly to the demand for spoolable pipe. As North America continues to invest in energy infrastructure to support generation and distribution, the need for reliable and sustainable pipeline solutions will become increasingly important than any other.
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Report ID: SQMIG20A2241
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