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The North American Spoolable Pipe Market: Highlights

The North American spoolable pipe market offers a healthy growth opportunity for the entire ecosystem and is projected to reach US$ 650.1 million in 2022. The spoolable pipe market includes both spoolable composite pipe (SCP) and reinforced thermoplastic pipe (RTP). Despite the short-term fluctuations in the demand for spoolable pipes driven by decreasing rigs or wells count, the long-term business outlook seems promising with good growth potential over the next five years. An expected recovery in the rigs or wells count; cost competitiveness of spoolable pipes over steel pipes; excellent corrosion and erosion resistance; and higher preference of spoolable pipe over steel ones in small diameter pipes are the major factors that are proliferating the growth of the spoolable pipe market.

North American Spoolable Pipe Market by Reinforcement Type

North American Spoolable Pipe Market Attractiveness by Application Type

Over 90% of the failures in pipes in the high-pressure applications are related to 6-inch diameter or smaller pipes. Most of the failures are due to the internal and external corrosion. Spoolable pipes offer excellent corrosion and erosion resistance properties, high fatigue resistance, reduced maintenance cost, faster commissioning, and improved flow rates. Spoolable pipes are used in the high-pressure applications in onshore, offshore, and downhole. They have gained a significant acceptance over a period of time and have been replacing steel pipes in the high-pressure applications. Spoolable pipes can be made up to the length of 600 meters to 3,000 meters with fewer joints in between.

Spoolable pipes are mainly composed of three materials. The first material is HDPE (High-Density Polyethylene) which is used in the inner layer of the spoolable pipe. It has a good erosion and corrosion resistance, impact resistance, and has a successful track record in the low-pressure oil & gas applications. The second material is used as reinforcement, which allows the pipe to handle higher pressure. Steel bands or cords, braided polyester, glass fiber, aramid fiber, and carbon fiber can be used as reinforcement material depending on the manufacturers. The third and final pipe material is extruded HDPE that is used in the outer layer of pipe with the purpose of providing protection to the pipe during the installation.
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About eight to ten years back, the usage of spoolable pipes in high-pressure applications was at a nascent stage in the North American oil & gas industry. Since then, there has been a transformation in the acceptance of spoolable pipes in the regional oil & gas industry. North America has been the pioneer in the usage of the spoolable pipes.

The supply chain of this market comprises raw material manufacturers, spoolable pipe manufacturers, distributors, drilling contractors, EPC contractors, and operators (oil & gas companies). The key EPC contractors are Fluor Corporation, Bechtel, McDermott, and CB&I and the key oil & gas companies are Shell, ExxonMobil, Chevron, and ConocoPhillips.

The key spoolable pipe manufacturers are National Oilwell Varco Inc., Shawcor Limited; Pipelife International; Flexsteel Pipeline Technologies, Inc.; Polyflow, LLC; Magma Global Ltd.; Airborne Oil & Gas BV; Cosmoplast Industrial Company LLC; and Pes.Tec. The regional expansion, new product development, and collaboration with customers are the key strategies adopted by the key players to gain a competitive edge in the market.
Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The North American spoolable pipe market is segmented into the following categories.

North American Spoolable Pipe Market by Reinforcement Type:
• Fiber Reinforcement
• Glass Reinforcement
• Carbon Reinforcement
• Other Reinforcements
• Steel Reinforcement
North American Spoolable Pipe Market by Product Type:
• Spoolable Composite Pipe
• Reinforced Thermoplastic Pipe
North American Spoolable Pipe Market by Application Type:
 Onshore Applications
• Production and Gathering Lines
• Injection Lines
• Disposal Lines
• Others
 Offshore Applications
• Flowlines
• Jumpers
• Others
• Water
• Others
North American Spoolable Pipe Market by Diameter Type:
• Small Diameter Pipe
• Large Diameter Pipe
North American Spoolable Pipe Market by User Type:
• Operators
• EPC Contractors
• Drilling Contractors
• Others
North American Spoolable Pipe Market by Sales Channel Type:
• Direct Sales
• Distributors
North American Spoolable Pipe Market by Country:
• The USA
• Canada
• Mexico



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Category: Oil & Gas
https://www.stratviewresearch.com/143/north-america-spoolable-pipe-market.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life