Oil and Gas Pipes Market

Comprehensive Market Analysis: The Oil and Gas Pipes Market, with a valuation of USD 40.23 Billion in 2023, is anticipated to surge to USD 65.45 Billion by 2030. This growth trajectory reflects a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030.

One of the businesses most severely impacted by the COVID-19 pandemic is the oil and gas sector. Due to the restrictions that were placed in important nations like the United States, India, and other countries, pipeline construction experienced delays. Gas usage in several nations was significantly impacted by the lower gas demand brought on by the drop in electricity consumption and travel restrictions. The pipeline capacity is being increased, and new pipeline projects are being launched, to fulfill the expanding demand for oil and gas. An expansion in offshore operations including deepwater and ultra-deepwater production and development is also driving the market for oil and gas pipelines. However, the global shift toward renewable energy sources for generating electricity offers a serious threat to the demand for oil and gas, which is projected to represent a big obstacle to the expansion of oil and gas pipeline installation in the years to come.

Market Dynamics

Drilling initiatives have been greatly aided by the expansion of shale oil and gas extraction projects. An increase in the number of drilling and extraction projects has resulted in a greater demand for the transportation of resources such as sand, chemicals, and water. The rising cost of gasoline has resulted in higher expenditures for transportation via trains, ships, and other modes. Manufacturers are increasingly adopting oil and gas pipelines for internal processing and transportation as governments in various nations take steps to ensure environmentally sustainable procedures. The need for oil and gas pipes will continue to rise on a global scale as a result of these considerations.

Steel pipes and oil and gas pipelines are being used more frequently by manufacturers to transport goods safely because they may be exposed to corrosive environments and high temperatures. Additionally, an increase in demand for pipes that carry oil and gas products from production areas to bigger main pipelines or storage areas is anticipated to drive up oil and gas pipe sales on the global market.

Manufacturers have adopted improved technology like the Internet of Things as a result of the development of cutting-edge methods for the safe and efficient transportation of oil and gas products (IoT). The makers can incorporate analytical capabilities and sensing connectivity in the oil and gas pipes thanks to the Internet of Things.

As the piping system produces and retrieves transportation-related data, offshore and onshore end users will continue profiting from its smart technology integration.

Breaking It Down: Segmentation Insights

• Material Type
  The market segments based on material type include Stainless Steel, PVC, HDPE, and Others. This segmentation reflects the diverse materials employed in constructing pipelines to meet specific requirements.
• End-Use
  Categorizing based on end use, the market is divided into Onshore Activities and Offshore Activities. This segmentation highlights the distinct applications and demands in different operational settings.
• Application Differentiation
  The segmentation based on application includes External Transportation and Distribution, along with Internal Processes. This categorization emphasizes the multifaceted roles that oil and gas pipelines play in the industry, from transportation to internal processes.

Regional Analysis

The Oil and Gas Pipes market is studied across North America, Europe, Asia Pacific, Latin America and the Middle East and Africa

The majority of the market for oil and gas pipes is in North America. 1600 active pipes are present. The U.S. has the largest network of pipelines for crude oil, petroleum products, natural gas, and NGLs in North America. The Lakehead System is the region’s longest crude oil pipeline. The Magellan System is the region’s longest pipeline for petroleum products. The longest natural gas pipeline in the area is the NGTL System. Mid America System is the region’s longest NGL pipeline.

During the projection period, Europe is anticipated to have the second-highest market share worldwide. In Europe, there are currently around 700 operating pipelines. The longest crude oil, petroleum product, natural gas, and NGL pipeline networks in Europe are found in France, Germany, Romania, and the U.K. An essential aspect driving the oil and gas pipeline industry in the region is the increase in demand for pipes for transporting oil and gas as well as new infrastructure.

Key Players

Tenaris S.A., Valourec S.A., Mexichem Sab de C.V., Metalurgica Gerdau S.A., JSW Steel Limited, JFE Holdings Inc., Aliaxis Group S.A., China Steel Corporation, American Cast Iron Pipe Company, and Arcelor Mittal S.A.

Recent Development:

• The Dakota Access Pipeline (DAPL) Expansion project upgraded pump stations and added horsepower to boost the DAPL system’s capacity by 180,000 BPD in August 2021. The DAPL system in the United States extends from North Dakota through South Dakota and Iowa until coming to an end not far from Patoka, Illinois.

Global Oil and Gas Pipes Market Report Segmentation

Material Type Outlook (Revenue, USD Million, 2017 – 2030)

1. Stainless Steel
2. PVC
3. HDPE
4. Others Type

End User Outlook (Revenue, USD Million, 2017 – 2030)

1. Onshore Activities
2. Offshore Activities

Application Outlook (Revenue, USD Million, 2017 – 2030)

1. External Transportation and Distribution
2. Internal Process

Regional Outlook (Revenue, USD Million, 2017 – 2030)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Central & South America
  • Brazil
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE