The spoolable pipes industry refers to the production and use of a type of flexible, lightweight, and corrosion-resistant piping system that is typically used in industries such as oil and gas, water distribution, and chemical processing. Spoolable pipes are made from composite materials, such as fiberglass, carbon fiber, and thermoplastics, and they come in a …
Tag Archives: Spoolable Pipes
Spoolable Pipes Market | Top Factors Responsible for the Rapid Growth in the Coming Years
North America and LAMEA collectively contributed more than four-fifths of the global spoolable pipes market share in 2016. Rise in onshore and offshore exploration activities, owing to increased energy demand, is expected to drive the market growth. Allied Market Research published a new report, titled, “Spoolable Pipes Market by Matrix Type (Thermoplastic and Thermoset), Reinforcement Type …
Spoolable Pipes Market Growth CAGR of 6.7%, Restraints, Mergers And Forecast
Spoolable pipes were originally designed for aboveground onshore applications where corrosive conditions caused steel lines to fail within few years. Increased oil & gas production has led rise in adoption of spoolable pipes in onshore and offshore oil & gas transportation from wellheads to production facilities. Ease of installation of spoolable pipes and low cost …
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North America To Be Fastest-growing Region In Spoolable Pipes Market During Forecast Period
Global spoolable pipes market was valued at $1,345 million in 2016 and is expected to garner $2,107 million by 2023, registering a CAGR of 6.7% from 2017 to 2023. In 2016, the onshore application accounted for approximately five-ninths share of the global market, in terms of revenue. Spoolable pipes were originally designed for aboveground onshore …