North America Spoolable Pipe Market Size Likely to Reach at a CAGR of 7.36% By 2033

According to current market research conducted by the CMI Team, the North American spoolable Pipe Market is expected to record a CAGR of 7.36% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 740 Million. By 2033, the valuation is anticipated to reach USD 1319.92 Million.

North America Spoolable Pipe Market: Growth Factors and Dynamics

• Growing Demand in the Oil and Gas Industry: Spoolable pipes are widely used in the oil and gas industry. They find applications in areas including upstream, midstream, and downstream. The flexible, corrosion-resistant, and easy-to-install spoolable pipe drives oil and gas markets.

• Rising Investment in Water and Wastewater Management: Spoolable pipes are resistant to corrosion and highly flexible. Significant growth in infrastructure and urbanization, along with rising environmental concerns, have driven the demand for water and wastewater management, a key driver for the spoolable pipes market.

• Increasing Demand in Mining and Chemical Industries: The mining and chemical processing industries require robust and reliable piping solutions. Spoolable pipes are used for transporting abrasive and corrosive materials. Their higher durability and resistance to harsh chemicals are driving their adoption across these industries.

• Stricter Environmental Regulations: Controls focusing on reducing the environmental footprint and working safely encourage high-pressure piping solutions. The resistance to leaks and corrosion of spoolable pipes aligns with regulatory requirements; thus, this type of piping has become the preferred choice in regulated industries.

• Rising Investment in Infrastructure Projects: Governments and private organizations have spent more on the renewal and expansion of infrastructure for pipeline oil, gas, water, and wastewater. Due to their easy installation and long-term dependability, spoolable pipes generate higher demand.

• Replacement of Aging Infrastructure: Countries in North America are struggling with the deficit of pipeline replacement and upgrading, looking for alternatives to older metal pipelines, and spoolable pipe happens to be a modern, reliable option to meet the shortcomings of the old ones.

• Enhanced Material Properties: Advanced composite materials such as glass fiber and carbon fiber-reinforced plastics have been developed; these materials exhibit far more desirable properties, including anti-corrosion behavior, strength-to-weight ratios, and flexibility, making them ideal for spoolable pipes in high-demand applications in the oil and gas and water treatment industries.

North America Spoolable Pipe Market: Partnership and Acquisitions

• In January 2023, Cactus, Inc. agreed to acquire FlexSteel Technologies Holdings and its affiliates by merging with its holding company, HighRidge Resources, Inc., and Atlas Merger Sub, LLC. FlexSteel is a leading manufacturer of spoolable pipe technologies, primarily used by customers during well production phases.

• In February 2021, Baker Hughes introduced a new onshore composite flexible pipe reinforced with thermoplastic to address corrosion and cost of ownership issues in the energy, oil, gas, and industrial sectors. This flexible, lightweight pipe provides an economical and environmentally superior alternative to steel pipes.

Report Scope

North America Spoolable Pipe Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the North America Spoolable Pipe Market, with the industry experiencing positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The pandemic caused severe supply chain disruptions worldwide, for instance, due to lockdown and restrictive measures imposed on that production base with major manufacturing hubs, which brought lower capacities and lower availability of finished products, which in turn increased the lead times and costs for manufacturers and end-users.

• Oil & Gas Activity Decline: Perhaps one of the badly hit business segments was the oil and gas sector, a significant oil consumer of spoolable pipes. The continued decline in the price of oil, brought about by both lower demands and the existence of over-supply, forced most oil and gas companies to scale down or delay their explorations and oil production. This has decreased the demand for spoolable pipes applied to different uses in an oil field, from production and gathering lines to injection pipes.

• Project Delays and Cancellations: The coronavirus pandemic also resulted in project delays and cancellations of water/wastewater management and industrial applications. Lockdowns and labor shortages failed to achieve desired activities, and project timelines could not be met, further lowering demand in these sectors. Most municipalities and industrial operators delayed non-essential projects, further lowering immediate demand.

• Workforce Challenges: The pandemic also created workforce challenges, with many employees unable to work on-site due to health concerns or lockdown measures. This affected the manufacturing of spoolable pipes and their installation in various projects. Companies had to implement new health and safety protocols, sometimes slowing operations and increasing operational costs.

• Shift in Market Focus: The pandemic accelerated the need for more resilient and adaptable supply chains. Companies in the spoolable pipe market began to focus on localizing supply chains and diversifying their supplier base to mitigate risks associated with global disruptions. This shift required significant adjustments in procurement and production strategies.

• Innovation and Adaptation: Despite the challenges, the pandemic also spurred innovation and adaptation within the industry. Manufacturers and service providers sought ways to enhance their product offerings and improve operational efficiency. There was an increased focus on developing smarter, more flexible pipe solutions that could be rapidly deployed and maintained with minimal human intervention, aligning with the constraints imposed by the pandemic.

• Long-term Market Resilience: In the long term, the spoolable pipe market in North America is expected to recover and grow as industries adapt to the new normal. The need for reliable and efficient piping solutions in critical sectors such as oil and gas, water management, and industrial applications remains strong. The experiences from the pandemic have underscored the importance of resilient infrastructure, which is likely to drive future investments in advanced spoolable pipe technologies.

In conclusion, the COVID-19 pandemic has had a mixed impact on the North American spoolable Pipe Market, with some challenges and opportunities arising from it.

List of the prominent players in the North America Spoolable Pipe Market:

• Baker Hughes
• Flowlines
• Future Pipe Industries
• Hitech Piping Ltd.
• Jumpers
• Magma Global Limited
• Mattr Corporation
• National Oilwell Varso
• NOV Inc.
• Polyflow LLC.
• Smartpipe Technologies
• Soluforce
• Strohm
• Titeflex Corporation
• Others

The North America Spoolable Pipe Market is segmented as follows:

By Product Type

• Flexible Spoolable Pipe
• Rigid Spoolable Pipe

By Reinforcement Type

• Fiber Reinforcement
  • Glass Reinforcement
  • Carbon Reinforcement
  • Other Reinforcement
• Steel Reinforcement
• Hybrid Reinforcement

By Application

• Onshore
  • Production and Gathering Lines
  • Injection Pipes
  • Disposal Lines
  • Others
• Offshore
  • Flowlines
  • Jumpers
  • Others
• Downhole
• Water
• Others

By End User

• Oil & Gas
• Municipalities
• Mining
• Chemical & Petrochemical
• Food Processing
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America