Spoolable pipe market likely to reach US$1 billion

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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.

Over 90% of the failures in pipes in the high-pressure applications are related to 6 in. 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 flowrates.

North America is expected to remain the growth engine of the spoolable pipe market during the forecast period. The region is likely to witness the highest growth during the forecast period, driven by an early sign of the recovery of wells or rigs count and increasing penetration of spoolable pipes. All the leading spoolable pipe makers are headquartered in North America.

The report includes a summary of the key players in the sector:

• Aerosun Corporation.
• Airborne Oil & Gas BV.
• Changchun Gao Xiang special pipe co., Ltd.
• Flexsteel Pipeline Technologies, Inc.
• Hebei Heng An Tai Pipeline Co., Ltd.
• Magma Global Ltd.
• National Oilwell Varco, Inc. (Fiberspar).
• Pipelife International (Soluforce).
• Polyflow, LLC.
• Shawcor Limited (Flexpipe Systems Inc.).

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Read the article online at: https://www.worldpipelines.com/business-news/05012018/spoolable-pipe-market-likely-to-reach-us1-billion/