Promising forecast of the spoolable pipe market

The global spoolable pipe market offers a healthy growth opportunity for the entire ecosystem and is projected to reach US$1065.8 million in 2023.

This report studies the spoolable pipe market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. 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 global spoolable pipe market: highlights

The 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 market.

Company profiles of key players include:

Aerosun Corporation, Airborne Oil & Gas BV, Flexsteel Pipeline Technologies, Inc., Magma Global Ltd, National Oilwell Varco, Inc. (Fiberspar), Polyflow, LLC and Shawcor Limited (Flexpipe Systems Inc.).

Read the article online at: https://www.worldpipelines.com/business-news/12122018/promising-forecast-of-the-spoolable-pipe-market/