North American Spoolable Pipe Market Size to reach US$ 650.1 million in 2022
The North American spoolable pipe marketoffers a healthy growth opportunity for the entire ecosystem and is projected
to reach US$ 650.1 million in 2022. The spoolable pipe market includes both
spoolable composite pipe (SCP) and reinforced thermoplastic pipe (RTP). Despite
the short-term fluctuations in the demand for spoolable pipes driven by
decreasing rigs or wells count, the long-term business outlook seems promising
with good growth potential over the next five years. An expected recovery in
the rigs or wells count; cost competitiveness of spoolable pipes over steel
pipes; excellent corrosion and erosion resistance; and higher preference of
spoolable pipe over steel ones in small diameter pipes are the major factors
that are proliferating the growth of the spoolable pipe market.
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Over 90% of the failures in pipes
in the high-pressure applications are related to 6-inch diameter or smaller
pipes. Most of the failures are due to the internal and external corrosion.
Spoolable pipes offer excellent corrosion and erosion resistance properties,
high fatigue resistance, reduced maintenance cost, faster commissioning, and
improved flow rates. Spoolable pipes are used in the high-pressure applications
in onshore, offshore, and downhole. They have gained a significant acceptance
over a period of time and have been replacing steel pipes in the high-pressure
applications. Spoolable pipes can be made up to the length of 600 meters to
3,000 meters with fewer joints in between.
Spoolable pipes are mainly composed
of three materials. The first material is HDPE (High-Density Polyethylene)
which is used in the inner layer of the spoolable pipe. It has a good erosion
and corrosion resistance, impact resistance, and has a successful track record
in the low-pressure oil & gas applications. The second material is used as
reinforcement, which allows the pipe to handle higher pressure. Steel bands or
cords, braided polyester, glass fiber, aramid fiber, and carbon fiber can be
used as reinforcement material depending on the manufacturers. The third and
final pipe material is extruded HDPE that is used in the outer layer of pipe
with the purpose of providing protection to the pipe during the installation.
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