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Spoolable Pipe Materials Market: Introduction

  • A spool is a drum shaped or cylindrical device, on which a film or magnetic tape or flexible material is wound. In case of spoolable pipe materials, high density polyethylene and a reinforcement material is wound on to the surface of the pipe. Thus, the resulting pipe is strong enough to sustain corrosion, fatigue, and extreme high-pressure and temperature conditions in onshore, offshore, and downhole.
  • Based on application, the spoolable pipe materials market can be segmented into onshore, offshore, and downhole. In onshore applications, spoolable pipe material is primarily utilized in water injection lines, production gathering lines, gas lift injection lines, portable well test lines, and pipeline re-lining. Offshore applications of spoolable pipe material include injection & velocity strings, production tubing, and hydrate blockage removal in pipelines.

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Key Drivers of Spoolable Pipe Materials Market

  • Desirable attributes of spoolable pipe materials is expected to drive the market across the globe. High corrosion resistance, ease in commissioning, enhanced flow rates, reduced maintenance costs, and high fatigue resistance are major factors that are likely to drive the demand for spoolable pipe materials in the near future.

Impact of Covid-19 to Hamper Global Spoolable Pipe Material Market

  • Weakening of economic growth across Europe, North America, and Asia Pacific owing to the spread of the Covid-19 pandemic is expected to hamper the market. Furthermore, slowdown of the global economy, disruption as well as modification of supply chain, and decline in the demand for spoolable pipe material from the oil & gas industry in the wake of this pandemic is likely to restrain the market. Spoolable pipe is majorly employed in the oil & gas sector, for transportation of heavy fluids such as gases, oils, etc., which in turn is estimated to hamper the demand for spoolable pipe material in the near future.

North America, Middle East & Africa, and Europe to hold Major Share of Global Spoolable Pipe Materials Market

  • Geographically, the global spoolable pipe materials market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America, Middle East & Africa, and Europe are anticipated to account for a major share of the global market during the forecast period. The market in these regions is estimated to expand at a sluggish pace owing to spread of the pandemic, disruption of supply chain, and decline in demand for spool pipe materials in the oil & gas sector. However, the situation is expected to improve in next one to two years, which in turn is expected to offer significant opportunity to manufacturers of spoolable pipe materials years. According to Energy Information Administration (EIA), demand for oil is significantly high in the U.S. The country is among the top five major crude oil producers, globally. In 2018, about 68% of total U.S. crude oil production came from five states: Texas-40.5%, North Dakota-11.5%, New Mexico-6.3%, Oklahoma-5.0%, and Alaska-4.5%. Furthermore, major refining centers in Africa are located in South Africa, Nigeria, Egypt, and Algeria. Thus, the presence of major oil & gas industry giants across these regions are expected to drive demand for spoolable pipe materials, which in turn is projected to augment the demand for spoolable pipe materials in the near future.

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Key Players Operating in Spoolable Pipe Materials Market

The global spoolable pipe materials market is highly fragmented in nature. Key players are extensively engaged in increasing there footprint across the globe. For instance, on May, 02, 2018, Shawcor Ltd. announced that its Flexpipe Systems division had entered into an ownership joint venture with a local pipe installation company based in Middle East & Africa in order to establish a manufacturing facility for spoolable composite material. Furthermore, with addition of this facility, the global production capacity of existing spoolable composite products is expected to increase by 30%. Prominent players operating in the spoolable pipe materials market include:

  • National Oilwell Varco
  • Pipelife International Gmbh
  • Polyflow LLC.
  • Shandong Juye Jugong Hose Industry Co. Ltd.
  • Victrex PLC
  • Changchun Gaoxiang Special Pipes Co. Ltd.
  • Dalian Yingyu Co., Limited
  • Flexpipe Inc.
  • Future Pipe Industries.
  • Flexsteel Pipeline Technologies, Inc.
  • H.A.T. Flex
  • Shawcor Ltd.
  • National Oilwell Varco.
  • Wavin B.V.
  • H.A.T Flex

Global Spoolable Pipe Materials Market: Research Scope

Global Spoolable Pipe Materials Market, by Material

  • Thermoplastic Materials
    • Polyethylene (PE)
    • Cross-linked Polyethylene (PEX)
  • Thermosetting Materials
  • Others

Global Spoolable Pipe Materials Market, by Reinforcement Type

  • Glass Fibers (GF)
  • Carbon Fibers (CF)
  • Aramid Fibers (AF)
  • Others

Global Spoolable Pipe Materials Market, by Application

  • Onshore
  • Offshore
  • Downhole

Global Spoolable Pipe Materials Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Spoolable Pipe Materials Market

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