Spoolable Pipes Market Regional Analysis:
North American Market Insights
Spoolable Pipes market in North America is predicted to account for the largest share of 44% by 2035 impelled by the growing chemical sector. One of the biggest manufacturing sectors in the US is the chemicals sector, which is one of the top producers of chemical products worldwide. For instance, in 2022, the US chemical sector expanded its output volume by more than 4%. Moreover, a quarter of the GDP of the United States is derived from this industry and is also among the major industrial users of gas and oil.
APAC Market Insights
The Asia Pacific spoolable pipes market is estimated to be the second largest, during the forecast timeframe led by the growing spending on infrastructure projects. India is undertaking ambitious infrastructure projects which may necessitate the need for efficient pipelines including spoolable pipes. For instance, to achieve its goal of having around USD 4 GDP by 2025, India is predicted to need to invest more than USD 4 trillion in infrastructure by 2030.
