The Spoolable Pipes Global Market Report 2023, provides comprehensive information on the spoolable pipes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Spoolable Pipes Global Market Report 2023, the market is expected to grow from $1.49 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global spoolable pipes market is expected to reach $1.89 billion in 2027 at a CAGR of 4.6%.
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Product innovations have emerged as a key trend gaining popularity in the spoolable pipes market. The market is seeing increased investments in nonmetallic composite materials as they offer lower prices, reduced corrosion risks and lower manufacturing emissions than traditional pipes. Major companies in the operating in spoolable pipes market are innovating the products to sustain their position. For instance, in January 2021, Baker Hughes, a US-based oil field services company, announced the launched new composite flexible pipe for onshore pipelines. This flexible, lightweight reinforced thermoplastic pipe (RTP) is a more cost-effective and environmentally friendly alternative to traditional onshore steel pipes. The pipe’s proven spoolable design enables transporting and installing it easier, faster, and less expensive than conventional steel pipes, saving more than 20% on installation expenses.
The spoolable pipes market is segmented:
1) By Matrix: Thermoplastics, Thermosets
2) By Reinforcements: Glass Fiber Reinforcement, Carbon Fiber Reinforcement, Steel Reinforcement
3) By Application: On-shore, Off-shore, Downhole
4) By Sales: Direct Sales, Distributors
North America was the largest region in the spoolable pipes market in 2022.
The table of contents in TBRC’s spoolable pipes market report includes:
- Executive Summary
- Spoolable Pipes Market Characteristics
- Spoolable Pipes Market Trends And Strategies
- Spoolable Pipes Market – Macro Economic Scenario
- Spoolable Pipes Market Size And Growth
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- Africa Spoolable Pipes Market
- Spoolable Pipes Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Spoolable Pipes Market
- Spoolable Pipes Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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