Spoolable Pipes Market Market Share

North American Market Forecast

Spoolable Pipes market in North America is predicted to account for the largest share of 44% by 2037 impelled by the growing chemical sector. One of the biggest manufacturing sectors in the US is the chemicals sector, which is one of the top producers of chemical products worldwide. For instance, in 2022, the US chemical sector expanded its output volume by more than 4%. Moreover, a quarter of the GDP of the United States is derived from this industry and is also among the major industrial users of gas and oil.

APAC Market Statistics

The Asia Pacific spoolable pipes market is estimated to be the second largest, during the forecast timeframe led by the growing spending on infrastructure projects. India is undertaking ambitious infrastructure projects which may necessitate the need for efficient pipelines including spoolable pipes. For instance, to achieve its goal of having around USD 4 GDP by 2025, India is predicted to need to invest more than USD 4 trillion in infrastructure by 2030.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of spoolable pipes is evaluated at USD 1.91 billion.

Spoolable Pipes Market size was over USD 1.86 billion in 2024 and is projected to exceed USD 2.84 billion by the end of 2037, witnessing over 3.3% CAGR during the forecast period i.e., between 2025-2037. Increasing consumption of natural gas across the globe and the growing introduction of efficient pipe technology will drive the market growth.

North America industry is estimated to hold largest revenue share of 44% by 2037, impelled by growing chemical sector in the region.

The major players in the market are Baker Hughes Co., TechnipFMC plc, Wienerberger AG, Flexpipe Modular Material Handing System, FlexSteel Pipeline Technologies Inc, Future Pipe Industries, Victrex Plc, Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., and others.

Spoolable Pipes Market Market Share