Spoolable Pipes Global Market Report 2024

The global spoolable pipes market has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth witnessed in the historical period can be primarily attributed to several key factors, including the increased demand within the oil and gas industry, advancements in composite materials used for pipelines, the expansion of pipeline infrastructure, a rise in exploration and production activities, and the inherent cost and time efficiency offered by spoolable pipes compared to traditional alternatives.

The global spoolable pipes market is expected to see strong growth in the next few years. It will grow to $2.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to several key factors, including the upsurge in energy infrastructure development, a growing demand for flexible pipeline solutions, heightened focus on environmental sustainability, the expansion of infrastructure particularly in developing regions, and an increase in offshore and subsea applications for spoolable pipes. Moreover, major trends expected in this period encompass technological innovations in manufacturing processes, the rise of renewable energy projects utilizing spoolable pipes, expanded applications in water management systems, a preference for lightweight and flexible pipeline solutions, and an increased emphasis on ensuring pipeline safety and reliability.

The anticipated surge in oil and gas demand is poised to fuel the expansion of the spoolable pipes market. Spoolable pipes find application in various facets of oil and gas operations, including production drilling, storage, and transportation systems. Their robust strength-to-weight ratio, chemical resistance, and resistance to paraffin build-up make them reliable for transporting hydrocarbons, refined fuels, and chemical products. In November 2023, the US Energy Information Administration reported a projected increase in US crude oil output to 12.4 million b/d, up from the record high of 11.7 million b/d in 2022. This uptick in demand for oil and gas is expected to be a driving force behind the growth of the spoolable pipes market.

The escalating demand in mining activities is set to propel the spoolable pipes market forward. These pipes, integral to mining procedures involving the extraction of valuable minerals and ores, offer enhanced flexibility, durability, and cost-effectiveness. Their attributes such as chemical and corrosion resistance, along with quick and straightforward installation capabilities, contribute to reducing downtime during mining operations. According to a February 2023 report from Glacier Media Group, US mines generated non-fuel mineral products valued at approximately $98.2 billion in 2022, surpassing the revised 2021 total of $94.6 billion by an estimated $3.6 billion. Consequently, the growing demand in mining activities is a significant driver for the spoolable pipes market.

Product innovation emerges as a prominent trend gaining traction in the spoolable pipes market. The industry is witnessing increased investments in nonmetallic composite materials, offering advantages such as lower costs, reduced corrosion risks, and lower manufacturing emissions compared to traditional pipes. Major players in the spoolable pipes market are actively innovating their products to maintain a competitive edge. Notably, in January 2021, Baker Hughes, a US-based oil field services company, unveiled a new composite flexible pipe for onshore pipelines. This reinforced thermoplastic pipe (RTP) provides a cost-effective and environmentally friendly alternative to conventional onshore steel pipes. With a proven spoolable design, the pipe facilitates easier, faster, and less expensive transportation and installation than traditional steel pipes, resulting in over 20% savings on installation expenses.

Major players in the spoolable pipes market are strategically emphasizing innovative products like onshore composite flexible pipes to drive revenue growth. The introduction of onshore composite flexible pipes represents a more advanced and cost-effective solution for transporting oil and gas onshore. An example of this industry trend is evident in Baker Hughes Company, a prominent US-based oilfield service company, which launched onshore composite flexible pipes in January 2021. These pipes, constructed with reinforced thermoplastic material (RTP), offer a lightweight and flexible alternative that is environmentally friendly compared to resource-intensive onshore steel pipes. The well-established spoolable design of these pipes, contributing to a more than 20% reduction in installation costs, facilitates easier, faster, and more economical transportation and installation compared to traditional steel pipes. This innovation not only narrows the pipeline right-of-way but also reduces operational risks and lessens environmental impact during installation, leading to a decreased need for heavy vehicles and onsite support facilities.

In a significant development in January 2023, Cactus, Inc., a wellhead equipment manufacturer based in the United States, is set to acquire FlexSteel Technologies Holdings, Inc. for an approximate sum of $621 million. This strategic acquisition enhances Cactus' standing as a leading provider of specialized technologies for end users in the industry. The products offered by FlexSteel combine the durability and reliability of steel with the speed and efficiency of spoolable pipes. FlexSteel Technologies Holdings, Inc., based in the United States, is a notable manufacturer of spoolable pipes.

Major companies operating in the spoolable pipes market report are Shawcor Ltd., National Oilwell Varco Inc., Pipeline International GmbH, Baker Hughes Company, Future Pipe Industries LLC, Polyflow LLC, Airborne Oil & Gas B.V., Magma Global Ltd., Smartpipe Technologies Limited, Strohm B.V., Changchun Gaoxiang Special Pipes Co. Ltd., Flexpipe Inc., Fibron Pipe GmbH, Cairn India Limited, Belco Manufacturing Company, GE Oil & Gas, Hebei Heng An Tai Pipeline Co. Ltd., Hebei Shengtian Pipe-Fitting Group Co. Ltd., Hebei Yanshan Yonghui Steel Pipe Co. Ltd., Hebei Zhonghai Steel Pipe Manufacturing Corporation, JFE Steel Corporation, NOV Fiber Glass Systems, Pipelife Nederland B.V., PolyPipe Inc., SoluForce GmbH, Spoolable Pipe Specialists LLC, Titeflex Corporation, TUBAOCEAN Offshore Engineering Co. Ltd., ZCL Composites Inc., Zhejiang Jiuli Hi-Tech Metals Co. Ltd.

North America was the largest region in the spoolable pipes market share in 2023. The regions covered in the spoolable pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the spoolable pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary components making up spoolable pipes include thermoplastics and thermosets. Thermoplastics are resin materials that remain solid at typical temperatures but become pliable upon heating, eventually reaching a fluid state through processes like crystal melting or transitioning past the glass transition point. The reinforcement materials can include glass fiber, carbon fiber, or steel reinforcements. These spoolable pipes find applications in various settings such as onshore, offshore, and downhole environments. They are distributed and made available for purchase either directly or through intermediary distributors.

This report provides spoolable pipes market statistics, including spoolable pipes industry global market size, regional shares, competitors with an spoolable pipes market share, detailed spoolable pipes protection market segments, market trends and opportunities, and any further data you may need to thrive in the spoolable pipes industry. This spoolable pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The spoolable pipes market consists of sales of bonded and unbonded spoolable pipes and spoolable pipes made from high-density polyethylene, polyvinyl chloride and polyamides. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.