Spoolable Pipes Market Size, Share & Industry Analysis By Reinforcement Type (Glass Fiber Reinforced Spoolable Pipe, Steel-Reinforced Spoolable Pipe, and Others), By Application (Onshore, and Offshore), and Regional Forecast, 2024-2032

The global spoolable pipes market is expanding owing to their increasing adoption in the transportation of oil and gas, water and wastewater, and installation of fluids and gases, among other applications. The pipes that are used in heavy industries on account of their lightweight, flexible, and corrosion-resistant nature. The growing need to transfer liquids from one place to another drives the demand for various pipe products, including spoolable pipes.

Spoolable Pipes Market Driver

Expansion of the Industrial Sector is Backing the Market

Several industries are expanding their operations globally owing to the growing industrialization developments. Sectors such as oil & gas, transportation, and marine operations are the major contributors driving the applications of spoolable pipes globally. For instance, in 2021, Baker Hughes launched its new PythonPipe portfolio covering spoolable pipes, the latest in reinforced thermoplastic pipe (RTP) technology for industrial applications such as oil & gas. The growing activities in marine operations also drive the development of different pipeline products.

Spoolable Pipes Market Restraint

High Installation and Investment Costs May Hinder Market Growth

The spoolable pipes come with a heavy investment owing to the advantages and applications they deliver to the sectors. Pipelines are usually deployed for long periods, which costs daily maintenance & repair. Moreover, other factors such as construction, engineering, deployment, and skilled labor also cost more to run the pipeline smoothly for a long period. The uncertain prices of the material also fluctuate the initial cost of construction and deployment, hindering market growth.    

Spoolable Pipes Market Opportunity

Adaptation of Efficient Pipe Technologies Creates New Opportunities for the Industrial Sector

Spoolable pipes come with technological advancements in terms of material. These pipes are usually made of composite materials such as carbon fiber and fiberglass fiber, delivering stability, strength, and weight. This factor makes the spoolable pipe design lightweight and flexible, which is ideal for several applications in the industry. The requirement of flexible material to adapt the pipeline route will create huge demand for the spoolable pipe market over the forecast period.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in Spoolable Pipes


• Key Industry Trends


• Regulatory Landscape for Spoolable Pipes


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

Analysis By Reinforcement Type

Based on reinforcement type, the market is divided into glass-reinforced spoolable pipe, steel-reinforced spoolable pipe, and others.

The glass fiber reinforcement pipes (GFRP) segment is expected to be the dominating segment driven by its applications and advantages. Glass fiber reinforcement is used in production and injection applications. Moreover, it is used for the collection and delivery of natural gas to encounter the rising need for energy.

The steel-reinforced segment also contributes an ample share to the spoolable pipe. These pipes are used in extreme climate conditions to last a long time.

Analysis By Application

Based on application, the market is divided into onshore and offshore.

The onshore segment dominates globally owing to the spoolable pipe application in the onshore oil and gas industry. In addition, spoolable pipes are an engineered solution usually made up of several layers and have been extensively used at the industrial level. An industry that covers pipelines, risers, flowlines, expansion spools, jumpers, chemical injection, and methanol injection can be found in the offshore segment backing the spoolable pipe market in recent years.

According to Global Energy Monitor GEM-Oil-Pipelines-Briefing report 2022, the oil sector is progressing with significant growth of the global oil pipeline system; around 24,000 km of crude oil transmission pipelines are in development, ~40% of which are already under construction. The same is led by countries such as China, India, and others.

In addition, according to Global Energy Monitor’s Global Gas Pipeline Expansion Report 2023, Asia is at the forefront in gas pipeline construction, worth around USD 117.2 billion, with India and China contributing a significant share of development due to its goals for economic development, a coal-to-gas transition, and better connected national gas grids.

Regional Analysis

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Based on region, the market has been studied across North America, Europe, Asia Pacific, and the rest of the world.

North America is a dominating region driven by a strong industrial sector covering technological advancements. Chemical, gas, and equipment manufacturing are the major sectors backing the spoolable pipe market in the region. Moreover, the U.S. is closely connected to the region's rising demand for shale gas.

Asia Pacific is one of the fastest-growing regions due to urbanization and infrastructure development. This growth is driven by countries such as China, India, and Japan, which hold a major share of the global pipe market.

European countries also contribute an ample share of the global spoolable pipe market. The rising demand for modern and efficient infrastructure, including pipelines and sea walls, escalates the requirement for spoolable pipes.

Key Players Covered

The global spoolable pipes market is fragmented. Various market developments and strategic initiatives are anticipated to drive market growth. For instance, in 2024, BP Plc selected Costain Group, a construction and engineering company, for the Innovative Teesside Hydrogen Pipeline Development. This project would transport cleansed and dehydrated hydrogen from BP’s new hydrogen production unit to multiple industrial end users.

The report includes the profiles of the following key players:

• Pipeline International GmbH (Austria)


• Baker Hughes (U.S.)


• Shawcor Ltd. (Canada)


• National Oilwell Varco Inc. (U.S.)


• Magma Global Ltd. (U.K.)


• Smartpipe Technologies Limited (U.S.)


• Strohm B.V. (Netherlands)


• Future Pipe Industries LLC (Dubai)


• Polyflow LLC (Portland)


• Airborne Oil & Gas B.V. (Netherlands)

Key Industry Developments

• In October 2024, Enbridge Inc., a multinational pipeline and energy company, partnered with BP p.l.c. to develop main oil and gas infrastructures in the Gulf of Mexico, strengthening their regional attendance and capabilities.


• In January 2023, Cactus, Inc. proclaimed that it had arrived at a conclusive agreement to acquire FlexSteel Technologies Holdings, Inc. and its operations for more than USD 620 million. This deal would unlock new opportunities for pipe technologies at the global level.