A recent report published by
Infinium Global Research on the spoolable pipes market provides an in-depth analysis
of segments and sub-segments in the global as well as regional spoolable pipes
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional spoolable pipes market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global spoolable pipes market. According to
the report, the global spoolable pipes market is projected to grow at a CAGR of
6.6% over the forecast period of 2019-2025.
Spoolable pipes offer excellent
resistance against temperature, corrosion, pressure, and chemicals. The rising
applicability of spoolable pipes owing to its properties propels the growth of
the spoolable pipes market. Companies operating in the global spoolable pipes
market are adopting strategies such as mergers, acquisitions, and
collaborations that maximize their market share.
Growing applicability of spoolable
pipes in end-use industries such as offshore, onshore oil and gas, mining, and
wastewater treatment drives the growth of the spoolable pipes market. Rise in
the production of crude oil and natural gas due to increasing energy
consumption worldwide stimulates the growth of the spoolable pipes market.
Spoolable pipes are cost-effective as compared to conventional piping systems.
Spoolable pipes are a better alternative to steel pipes as it has high
corrosion and fatigue resistance properties. Furthermore, spooling pipes offer
benefits such as fast commissioning, high fatigue resistance, reduced
maintenance costs, and enhanced flow rates. These benefits contribute to the
growth of the spoolable pipes market. On the flip side, high entry barriers
hamper the growth of the spoolable pipes market. Moreover, the development of
new offshore oil and gas fields creates numerous opportunities for the growth
of the spoolable pipes market.
Based on geography, the global
spoolable pipes market is divided into North America, Asia-Pacific, Europe, and
the Rest of the World. North America is expected to hold a premium share in the
global spoolable pipes market. The presence of leading players and rising use
of spoolable pipes in the recovery of wells or rigs count in North America
contribute to the growth of the spoolable pipes market in North America.
Asia-Pacific region is anticipated to grow in the global spoolable pipes market
with a healthy CAGR over the forecast period. Rising energy demand in the
Asia-Pacific region stimulates the growth of the spoolable pipes market in the
Asia-Pacific region. Europe is growing in the global spoolable pipes market.
The report on the global spoolable
pipes market covers segments such as reinforcement type, diameter type, and
application. On the basis of reinforcement type, the sub-markets include fiber
reinforcement, and steel reinforcement. On the basis of diameter type, the
sub-markets include small diameter pipe, and large diameter pipe. On the basis
of application, the sub-markets include offshore, onshore, water, downhole, and
The report provides profiles of
the companies in the market such as Pipelife International GmbH, Aerosun
Corporation, Hebei Heng An Tai Pipeline Co., Ltd., Magma Global Ltd.,
Cosmoplast Industrial Company LLC, Airborne Oil & Gas BV, FlexSteel Pipeline
Technologies, Inc., Shawcor Limited, National Oilwell Varco Inc., Wavin B.V.,
and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the spoolable pipes market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.