According to a new report published by Allied Market Research, titled, Spoolable Pipes Market by Matrix Type, Reinforcement Type, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global spoolable pipes market was valued at $1,345 million in 2016 and is expected to garner $2,107 million by 2023, registering a CAGR of 6.7% from 2017 to 2023. In 2016, the onshore application accounted for approximately five-ninths share of the global market, in terms of revenue.

High resistance to corrosion, temperature, pressure; and less number of joints in spoolable pipes as compared to steel pipes make them durable and co-terminus with the production life cycle of the oil & gas field. Thus, superior properties of spoolable pipes are expected to drive the market.

Download Sample PDF Brochure at:

The key players operating in the global spoolable pipes market are Airborne Oil & Gas B.V., Changchun Gaoxiang Special Pipes Co., Ltd., Flexpipe Inc., FlexSteel Pipeline Technologies, Inc., Future Pipe Industries (L.L.C.), Magma Global Limited, National Oilwell Varco, Inc., Pipelife International GmbH, Polyflow LLC, and Smartpipe Technologies.

Spoolable pipelines are flexible pipes used for the transport of crude and refined petroleum fuels such as oil, natural gas, and other fluids, including sewage, slurry, and water. These are thermoplastics or thermosets pipes with reinforcement of steel, fiber, or aluminum. The structural layer or the reinforcement offers high strength and impact & fatigue resistance, thereby increasing durability of the pipes.

The lightweight and high design flexibility of thermoplastics enable easy installation of these pipes in various onshore, offshore, downhole, waste water treatment, and mining applications.

Spoolable pipes were originally designed for aboveground onshore applications where corrosive conditions caused steel lines to fail within few years.

Increased oil & gas production has led rise in adoption of spoolable pipes in onshore and offshore oil & gas transportation from wellheads to production facilities. Ease of installation of spoolable pipes and low cost as compared to steel pipes reduce the overall operational cost, thereby optimizing production output and maximizing the productive life of fields. However, high entry barriers for new entrants due to the time-consuming product approval cycles and stringent regulation for the design, construction, manufacturing, and operation of spoolable pipes may hamper the market growth.

Do Purchase Enquiry at:

In 2016, onshore application of spoolable pipes generated the highest revenue, growing at a CAGR of 7.1% from 2017 to 2023. Moreover, new discoveries of offshore oil & gas fields are anticipated to present numerous opportunities for the manufacturers.

Author's Bio: 

I am Srushti. My keen interest in reading and writing. I forayed into the field of writing due to my love for words and the urge to do something different. I have been a part of the content resource team here in Allied Market Research. We have a dedicated team for content development wherein, we coordinate with the Market Analysts and create a precise content. I am personally involved in writing content for user engagement. I owe a responsibility to make sure the content is rich and user-centric. Allied Market Research has given me the chance to gain knowledge about different subjects.