Spoolable Pipes Market to record USD 743.7 Mn growth; Evolving Opportunities with Baker Hughes Co. and Changchun Gaoxiang Special Pipe Co. Ltd. — Technavio – QNT Press Release

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NEW YORK, Oct. 11, 2022 /PRNewswire/ — The global spoolable pipes market size is expected to increase by USD 743.7 millionaccelerating at a CAGR of 6.36% between 2021 and 2026. The report identifies Baker Hughes Co., Changchun Gaoxiang Special Pipe Co. Ltd., Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., and NOV Inc . among others as key vendors in the market. The report provides detailed information on the growth drivers, product launches, vendor landscape, and major segments. Download Free Sample Report Now

The market is driven by the advantages of spoolable pipes over traditional metallic pipes. Spoolable pipes offer various benefits over conventional metal pipes such as better corrosion resistance, lightweight, and improved fatigue resistance. They are also cost-effective alternatives to metallic pipes as they save up to 30%-70% of the installation and maintenance costs that are required in welded steel line pipes. Moreover, the service life of spoolable pipes is almost twice that of metal pipes and spoolable pipes require very less maintenance as compared to metallic pipes. Many such advantages are increasing their use in oil and gas, irrigation, sewage, and water supply industries, which is driving the growth of the market.

• Cosmoplast Ind. Co. LLC: The company offers Cosmoplast PPR pipes and fittings with sizes ranging from 20mm upto 160mm.
• NOV Inc.: The company offers pipes for Oil and Gas industry, Water industry, and CO2 transportation.
• Shawcor Ltd.: The company offers thermoplastic High-Density Polyethylene liners, reinforced by a helicically wrapped tape containing continuous fiber in a HDPE matrix and protected by a thermoplastic outer coating.
• Smartpipe Technologies: The company offers onshore pipeline DN17 DN200 and offshore RTP 3 inch 26 inch.
• Strohm BV: The company offers Fiberspar LinePipe which is a spoolable product consisting of an inner thermoplastic pressure barrier reinforced by high strength glass fibers embedded in an epoxy matrix.
• Baker Hughes Co.
• Changchun Gaoxiang Special Pipe Co. Ltd.
• Hebei Heng An Tai Pipeline Co. Ltd.
• TechnipFMC plc
• Wienerberger AG
• Flexpipe Modular Material Handing System
• FlexSteel Pipeline Technologies Inc
• Future Pipe Industries
• Victrex Plc

• Thermoplastic – size and forecast 2021-2026
• Thermoset – size and forecast 2021-2026

The market growth in the thermoplastic segment will be significant over the forecast period. The segment will be driven by the development in the pipeline infrastructure and the expansion of offshore oil and gas fields.

• North America – size and forecast 2021-2026
• APAC – size and forecast 2021-2026
• Europe – size and forecast 2021-2026
• The Middle East and Africa – size and forecast 2021-2026
• South America – size and forecast 2021-2026

42% of the market growth will come from North America over the forecast period. Factors such as growing investments in the midstream sector, rising infrastructural developments such as building natural gas and oil transportation pipelines and gathering lines, and the need for new transportation capability for oil and gas are driving the growth of the spoolable pipes market in North America.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request Sample PDF Report Here

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