Spoolable Pipes Market Size, Trends, Share, Report, Growth, Industry Analysis and Forecast to 2022-2027 | IMARC Group
According to the latest report by IMARC Group, titled " Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ", the global spoolable pipes market reached a value of US$ 1.62 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 2.1 Billion by 2027 , exhibiting a CAGR of 4.10% during 2022-2027 . Spoolable pipes are flexible and cylindrical structures that are used to transport substances such as liquid, gases, fluids, powder, slurries, and small solid masses. They are made from polymeric materials reinforced with carbon and glass fiber. Spoolable pipes offer excellent resistance to corrosion, temperature, pressure, chemicals, and impact. They also exhibit properties of fast commissioning, reduced maintenance cost, high fatigue resistance, and enhanced flow rates. Spoolable pipes are utilized to produce gathering lines, jumpers, subsea flowlines, directional drilling, well intervention, and i...