Global Oil and Gas Pipes Market, By Material (Stainless Steel, HDPE (High Density Polyurethane), PVC (Polyvinyl Chloride)), Application (External Transportation & Distribution, Internal Processes) – Industry Trends and Forecast to 2031.
Oil and Gas Pipes Market Analysis and Size
The Abundant natural gas reserves and cost-effective pricing propel its sales, particularly in power generation, fostering demand for oil and gas pipes. A shift to renewable energy sources supplements market growth. The development of new natural gas resources, including shale gas, responds to rising fuel prices, driving international trade. Industry advancements, driven by government initiatives for smart city development, prioritize integrating pipelines with advanced technologies like drone monitoring, distributed acoustic sensing, and in-line inspection. Increasing investments in machine learning, IoT, and sensory technologies aim to boost operational efficiency, aligning with the escalating demand for expanded pipeline networks in the future.
Data Bridge Market Research analyzes that the global oil & gas pipes market which was USD 8,598.6 million in 2023, is expected to reach USD 11,938.7 million by 2031, and is growing at a CAGR of 4.2% in the forecasted period of 2024 to 2031. "Stainless steel" dominates the material segment of the market due to its widespread applications in construction and infrastructure development, driven by its exceptional durability and sustainability features. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022(Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Material (Stainless Steel, HDPE (High Density Polyurethane), PVC (Polyvinyl Chloride)), Application (External Transportation & Distribution, Internal Processes)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Tenaris (Luxembourg), Vallourec (France), TMK (Russia), Nippon Steel Corporation (Japan), ArcelorMittal (Luxembourg), JFE Holdings, Inc. (Japan), Schlumberger Limited (U.S.), Tubacex (Spain), Chelpipe (Russia), National Oilwell Varco (U.S.), TechnipFMC (U.S.), Sumitomo Corporation (Japan), Welspun Corp Limited (India), EVRAZ (U.K.), Hyundai Steel Company (South Korea)
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Market Opportunities
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Market Definition
Pipes for oil and gas are vital parts of the energy sector; they carry hydrocarbons from sources of extraction to refineries and final consumers. These pipes, which are usually composed of steel or alloys, must endure extreme circumstances including high pressure and corrosive materials. They are available in different varieties, including transmission pipelines, casing pipes, and drill pipes. For there to be a safe and effective flow of gas and oil during the exploration, production, and distribution phases of the global energy supply chain, these plumbing fixtures need to be sturdy.
Global Oil and Gas Pipes Market Dynamics
Drivers
- Increasing global energy consumption
The escalating global energy demand remains a prominent driver propelling the need for oil and gas pipelines. As worldwide energy consumption steadily rises, there is an inherent necessity for the expansion and upkeep of pipeline infrastructures. These pipelines play a crucial role in ensuring the efficient transportation of oil and gas resources, meeting the growing demand for energy. The ongoing demand surge underscores the vital role that well-maintained and expanded pipeline networks play in facilitating the reliable and continuous supply of vital energy resources on a global scale.
- Growing technological developments in pipe manufacturing
The continual technological advancements in pipe manufacturing stand as a driving force in the oil and gas industry. These ongoing developments focus on enhancing the durability, corrosion resistance, and overall efficiency of pipelines. Innovations in materials and construction methodologies address the evolving needs of the industry, ensuring pipelines can withstand harsh conditions and operate optimally. This commitment to technological progress reflects a proactive approach to meeting industry demands, contributing to the reliability and longevity of oil and gas infrastructure worldwide.
Opportunities
- Growing infrastructure projects
The surge in infrastructure development, particularly in emerging economies, presents a significant opportunity for the expansion of oil and gas pipeline networks. Robust growth in construction and industrial projects requires efficient energy transportation, driving the need for expanded pipelines. This opportunity not only meets the rising demand for energy but also fosters economic development in regions investing in extensive infrastructure projects. The expansion of oil and gas pipelines aligns with the strategic development goals of emerging economies, creating a symbiotic relationship between infrastructure growth and energy distribution.
- Increasing renewable energy integration
The shift towards cleaner energy sources opens new opportunities for pipelines to facilitate the transport of alternative fuels like hydrogen or biofuels, alongside conventional oil and gas. As the world embraces renewable energy, the versatility of pipelines becomes crucial in creating a seamless transition. Integrating these eco-friendly fuels into existing pipeline networks not only supports sustainable practices but also positions pipelines as vital components in the evolving energy landscape. This opportunity aligns with global efforts to reduce carbon emissions and promote environmentally friendly energy solutions.
Restraints/Challenges
- Increasing environmental consciousness
Growing environmental awareness and stringent regulations addressing carbon emissions present a notable restraint for the oil and gas industry. The heightened focus on sustainability prompts challenges for pipeline projects and investments. Restrictions and increased scrutiny related to environmental impact impact decision-making processes, potentially slowing down or altering the trajectory of pipeline initiatives. Navigating these concerns becomes paramount, requiring the industry to adopt eco-friendly practices and innovative solutions to address environmental challenges while meeting the energy demands of a changing world.
- Political instability and geopolitical tensions
Geopolitical risks, stemming from political instability and tensions in regions abundant in oil and gas resources, pose formidable challenges to the development and maintenance of pipelines. These uncertainties can disrupt global supply chains, affecting the flow of energy resources. Navigating the complex landscape of geopolitical dynamics becomes a significant challenge, requiring the industry to carefully assess and manage risks associated with political instability, conflicts, and diplomatic tensions that may impact the secure and reliable transportation of oil and gas through pipelines.
This oil & gas pipes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the oil & gas pipes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- On October 12, 2023, At ADIPEC 2023, Vallourec highlighted innovations for oil and gas, focusing on hydrogen storage solutions. Their unique architecture, based on pipes and VAM connections, demonstrated commitment to decarbonization. Innovations like TallyVision and VAM SLIJ-3 connections showcased advanced capabilities, enhancing operational efficiency
- On July 3, 2023, Tenaris invests $10 million to acquire isOplus's oil and gas division, now Tenaris Coating Italy. Specializing in anti-corrosion coatings for pipelines, it enhances Tenaris's offshore services, providing integrated solutions like One Line
Global Oil and Gas Pipes Market Scope
The oil & gas pipes market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Stainless Steel
- HDPE (High Density Polyurethane)
- PVC (Polyvinyl Chloride)
Application
- External Transportation & Distribution
- Internal Processes
Global Oil and Gas Pipes Market Regional Analysis/Insights
The oil & gas pipes market is analyzed and market size insights and trends are provided by country, material and application as referenced above.
The countries covered in the market report are U.S., Canada Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
Asia-Pacific is expected to dominate and witness significant growth in the market due to the increasing demand for oil and gas from the major countries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Oil and Gas Pipes Market Share Analysis
The oil & gas pipes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to oil & gas pipes market.
Some of the major players operating in the oil & gas pipes market are:
- Tenaris (Luxembourg)
- Vallourec (France)
- TMK (Russia)
- Nippon Steel Corporation (Japan)
- ArcelorMittal (Luxembourg)
- JFE Holdings, Inc. (Japan)
- Schlumberger Limited (U.S.)
- Tubacex (Spain)
- Chelpipe (Russia)
- National Oilwell Varco (U.S.)
- TechnipFMC (U.S.)
- Sumitomo Corporation (Japan)
- Welspun Corp Limited (India)
- EVRAZ (U.K.)
- Hyundai Steel Company (South Korea)
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