Spoolable Pipes Market Market Analysis

Matrix (Thermoplastics, Thermosets)

The thermoplastics segment in the spoolable pipes market is estimated to gain a robust revenue share of 60% in the coming years owing to the growing extraction of gas. For instance, the Canadian oil and gas extraction industry's overall revenue increased by more than 53% to around USD 268 billion in 2022. The extraction of gas increases the need for effective piping solutions such as thermoplastic spoolable pipes.

Reinforced thermoplastic pipe (RTP) is an alternative to conventional pipelining materials that can be produced in continuous spoolable lengths via filament winding or tape placement techniques to offer more flexible options for gas extraction. Moreover, these pipes don't become rusted and are simple to spool and lightweight. Additionally, the flexible composite pipes (FCP) are composed of a thermoplastic liner that has been reinforced and is shielded by another layer which is a proven technology for offshore operations.

Furthermore, the oil and gas industry's primary choice for pipeline and pipe structural materials was steel until ten years ago but now thermoplastic composite pipes are extensively being adopted as an alternative to steel to address its drawbacks including corrosion, fatigue, and weight.

End-User (On-shore, Off-shore, Downhole)

Spoolable pipes market from the on-shore segment is set to garner a notable share shortly. The spoolable pipe is an engineered solution that is typically made up of multiple layers and has been widely used in the onshore oil and gas industry as it offers several benefits, including good flexibility, few joints, long single lengths, lightweight, and ease of installation. Moreover, spoolable pipes are utilized in high-pressure onshore applications such as portable well test lines, pipeline relining, production gathering lines, gas lift injection lines, water-alternating gas lines, and water injection lines.

Additionally, spoolable composite tubing may find applications in the off-shore industry that include use in pipelines, flowlines, risers, jumpers, expansion spools, chemical injection, methanol injection, gas lift, wellbore access, choke and kill, decommissioning, and the removal of hydrate blockages. Furthermore, the use of thermoplastic composite pipes is not simply restricted to off-shore and on-shore applications but new uses are also being discovered for a downhole industry where steel is susceptible to corrosion.

Reinforcements (Glass Fiber, Carbon Fiber, Steel)

The glass fiber segment is anticipated to garner a noteworthy share in the coming years. Glass fiber reinforcement pipes (GFRP) are intended for production, and injection applications, and are currently used in pipelines for the collection and distribution of natural gas to meet the growing need for energy. Moreover, GFRP is more flexible and less expensive than carbon fiber reinforcement pipes (CFRP) and has numerous other benefits over steel, making it a good substitute or complementary material for use in high-pressure transmission lines.

Our in-depth analysis of the global market includes the following segments: