PUBLISHER: The Business Research Company | PRODUCT CODE: 1662345
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662345
Spoolable pipes are composed of multi-layered materials consisting of a thermoplastic liner, a reinforcing layer, and an outer thermoplastic cover. These flexible composite pipes (FCP) are specifically designed for use in high-pressure pipelines. The addition of a reinforcing layer ensures the pipe's capability to withstand high pressures, complementing the presence of a thermoplastic outer cover.
The primary components making up spoolable pipes include thermoplastics and thermosets. Thermoplastics are resin materials that remain solid at typical temperatures but become pliable upon heating, eventually reaching a fluid state through processes like crystal melting or transitioning past the glass transition point. The reinforcement materials can include glass fiber, carbon fiber, or steel reinforcements. These spoolable pipes find applications in various settings such as onshore, offshore, and downhole environments. They are distributed and made available for purchase either directly or through intermediary distributors.
The spoolable pipes market research report is one of a series of new reports from The Business Research Company that provides spoolable pipes market statistics, including spoolable pipes industry global market size, regional shares, competitors with an spoolable pipes market share, detailed spoolable pipes protection market segments, market trends and opportunities, and any further data you may need to thrive in the spoolable pipes industry. This spoolable pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The spoolable pipes market size has grown strongly in recent years. It will grow from $1.63 billion in 2024 to $1.72 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to oil and gas industry demand, advancements in composite materials, expansion in pipeline infrastructure, rise in exploration and production activities, cost and time efficiency.
The spoolable pipes market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rise in energy infrastructure development, increasing demand for flexible pipeline solutions, focus on environmental sustainability, expansion of infrastructure in developing regions, increase in offshore and subsea applications. Major trends in the forecast period include technological innovations in manufacturing processes, renewable energy projects, increased applications in water management, growing preference for lightweight and flexible pipes, focus on pipeline safety and reliability.
The rising demand for oil and gas is anticipated to drive the growth of the spoolable pipes market in the future. Oil and gas are fossil fuels primarily utilized for energy and industrial applications, extracted from beneath the Earth's surface. This demand is linked to their critical roles in transportation, heating, electricity generation, industrial development, population growth, urbanization, and the need for petrochemicals. Spoolable pipes are employed in oil and gas production, drilling, storage, and transportation systems. They provide reliable solutions for transporting hydrocarbons, refined fuels, and chemical products due to their excellent strength-to-weight ratio, chemical resistance, and ability to resist paraffin build-up. For instance, in April 2024, the U.S. Energy Information Administration (EIA) reported that the electric power sector experienced the largest increase in natural gas consumption among U.S. economic sectors in 2023, with a 7% rise, translating to an additional 2.2 billion cubic feet per day (Bcf/d) and bringing the total from 33.2 Bcf/d in 2022 to a record high of 35.4 Bcf/d. Therefore, the growing demand for oil and gas is expected to propel the spoolable pipes market.
The rising demand in mining activities is projected to boost the growth of the spoolable pipes market in the coming years. Mining activities involve extracting valuable minerals, ores, or other geological materials from the Earth's crust. Spoolable pipes enhance mining operations by offering improved flexibility, durability, cost-effectiveness, chemical resistance, and corrosion resistance while allowing for quick and easy installation, thereby reducing downtime. For example, in February 2023, Glacier Media Group, a Canada-based media organization, reported that U.S. mines produced non-fuel mineral products valued at approximately $98.2 billion in 2022, an increase of about $3.6 billion compared to the revised total of $94.6 billion in 2021. Thus, the rising demand in mining activities is driving the growth of the spoolable pipes market.
Major companies in the spoolable pipe market are concentrating on developing innovative products like thermoplastic composite flexible pipes, which offer improved durability, corrosion resistance, and flexibility for various applications. These lightweight and durable piping systems are constructed from thermoplastic materials and composite reinforcements, providing flexibility and resilience against harsh conditions for use in oil and gas, water management, and construction sectors. For example, in May 2024, DNV, a company based in Norway, introduced the DNV-ST-F207 standard. This standard aims to facilitate the use of Hybrid Thermoplastic Composite Flexible Pipes (TCPs) in deepwater applications, addressing challenges such as high tension and corrosive environments, while encouraging the integration of advanced materials like carbon fiber armor to enhance safety and efficiency in offshore projects.
Leading companies in the spoolable pipe market are prioritizing the development of innovative products such as reinforced thermoplastic pipes to improve durability and flexibility for applications in oil and gas, water distribution, and chemical processing. Reinforced thermoplastic pipe (RTP) is a robust and durable piping solution made from thermoplastic materials reinforced with fibers, specifically designed for high-pressure applications in industries including oil and gas, water distribution, and construction. For instance, in November 2023, Baker Hughes, a U.S.-based energy technology firm, launched PythonPipeTM. This technology enables rapid installation and significant cost savings, achieving up to a 75% reduction in carbon emissions while maintaining durability in challenging environments. Its flexible, non-metallic design enhances efficiency and minimizes maintenance requirements, making it a sustainable option for the energy sector.
In January 2023, Cactus, Inc., a U.S.-based manufacturer of wellhead equipment, announced its acquisition of FlexSteel Technologies Holdings Inc. for approximately $621 million. This acquisition enhances Cactus' status as a leading provider of specialized technologies to end users in the industry. FlexSteel's products merge the durability and reliability of steel with the speed and efficiency of spoolable pipes. FlexSteel Technologies Holdings, Inc. is a U.S.-based manufacturer of spoolable pipes.
Major companies operating in the spoolable pipes market are 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, Belco Manufacturing Company, 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.
North America was the largest region in the spoolable pipes market share in 2024. The regions covered in the spoolable pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the spoolable pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The spoolable pipes market consists of sales of bonded and unbonded spoolable pipes and spoolable pipes made from high-density polyethylene, polyvinyl chloride and polyamides. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Spoolable Pipes Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on spoolable pipes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for spoolable pipes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The spoolable pipes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.