Global Spoolable Pipes Market Overview:
The spoolable pipes are the devices that designed for above ground onshore applications where corrosive conditions caused lines in fail. The spoolable pipes offers easy installation, low cost as compared to steel pipes and better stability. Major driving factors for the spoolable pipes market are growing due to high design flexibility of thermoplastics enable easy installation of these pipes in various onshore, offshore, downhole . This factor is expected to boost the global market. The major companies are adding thermoplastics or thermosets pipes in Asia-Pacific countries as these countries are focused fastest-growing verticals in the flexible pipes.
- Increase in Demand of Spoolable Pipes over Steel Pipes.
- Rise in Demand Due to Excellent Corrosion and Erosion Resistance.
- Collaboration and Tie Up Of Leading Players
- Value Oriented Consumers
- lack of investments from the government organisations.
- Small Diameter Spoolable Pipes are More in Demand as Compared to Large Diameter.
- Upsurge Demand in Oil & Gas Industries.
- Stiff competition among the major players.
In spoolable pipes market, it has been observed that most of the companies are upgrading or cost effective spoolable pipes over the steel. Itís also offers excellent corrosion and erosion resistance properties, high fatigue resistance, reduced maintenance cost, faster commissioning, and improved flow rates.
Some of the key players profiled in the report are National Oilwell Varco Inc. (United States), Shawcor Limited (Canada), Pipelife International (Austria), Flexsteel Pipeline Technologies, Inc. (United States), Polyflow, LLC (United States), Aerosun Corporation (China), Hebei Heng An Tai Pipeline Co., Ltd., Changchun Gao Xiang Special Pipe Co., LTD. (China), Magma Global Ltd. (United Kingdom), Airborne Oil & Gas BV (Netherlands) and Cosmoplast Industrial Company LLC. (UAE). Additionally, following companies can also be profiled that are part of our coverage like MXROS Inc. (United States), Victrex PLC (United Kingdom), DeepFlex Inc. (United States) and Wavin B.V. (Netherlands). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Spoolable Pipes market by 2024. Considering Market by User Type , the sub-segment i.e. Operator will boost the Spoolable Pipes market. Considering Market by Diameter Type, the sub-segment i.e. Small Diameter will boost the Spoolable Pipes market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Spoolable Pipes market. Considering Market by Reinforcement Type, the sub-segment i.e. Fiber Reinforcement will boost the Spoolable Pipes market. Considering Market by Matrix Type, the sub-segment i.e. Thermoplastics will boost the Spoolable Pipes market.
ShawCor acquired outstanding shares of Flexpipe with an amount of USD 130 million. It is beneficial in providing product's ease and speed of installation and its pressure & corrosion resistance capabilities.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Spoolable Pipes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Spoolable Pipes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Spoolable Pipes Manufacturers, Spoolable Pipes Traders, End-Use Market Participants of Different Segments of Spoolable Pipes, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.