Lucintel's latest market report analyzed that spoolable pipe provides attractive opportunities in the onshore, offshore, and downhole applications. The spoolable pipe market is expected to reach $1.71 billion by 2028 with a CAGR of 4.1%. In this market, thermoplastic is the largest segment by matrix type, whereas onshore is largest by application.
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Based on matrix type, the spoolable pipe market is segmented into thermoplastics and thermosets. The thermoplastic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it can be recycled, molded, reheated, and frozen and its increasing application in various industries owing to its high durability, UV resistance, self-lubrication, and water resistance characteristics.
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The SpoolablePipe Market is marked by the presence of several big and small players. Some of the prominent players offering spoolable pipe include NOV Fiberglass, Airborne Oil& Gas, Pipe Life, Flexpipe System, and Flexsteel.
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