Oil Gas and Pipes Market Demand, Share including Market Assessment Forecast to 2025

Oil Gas and Pipes Market

According to Persistence Market Research, the global oil and gas pipes market is expected to represent a value of over US$ 4 Bn by the end of 2025.

The Oil Gas and Pipes Market is a global industry that is currently in a state of rapid growth. The demand for Oil Gas and Pipes products has been driven by the increasing need for energy, as well as the growing infrastructure projects around the world. This market is highly competitive, with many major players vying for market share. In order to remain competitive in this highly dynamic environment, Oil Gas and Pipes companies must have an in-depth understanding of their customers, markets and competitors.

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The Oil Gas and Pipes Market includes several different segments: Oil & Gas Production & Refining, Pipelines & Storage Facilities, Power Generation, Heating & Cooling Services, Petrochemicals & Chemicals Manufacturing and Oilfield Equipment Manufacturing. Each segment has its own unique set of challenges as well as opportunities.

Key Companies- 

• 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
• Arcelor Mittal S.A.

Factors Fuelling Growth of the Global Market

Growth of the global oil and gas pipes market is mainly bound to various macro-economic and micro-economic factor. Manufacturers are increasingly adopting advanced technology such as Internet of Things in order to integrate features such as sensing communication and analytical capabilities. Emerging technology integrated in the oil and gas piping system enables the manufacturers to retrieve the data about the transportation activities. Weaving advanced technology through the oil and gas pipeline has further enabled the manufacturers to optimize operations and improve reliability. Manufacturers of the oil and gas pipes will continue to benefit from the emerging technology that retrieves information regarding the piping activities.

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Growing demand for oil and gas in the transportation industry is further projected to rev up demand. Moreover, increase in the number of drilling and extraction projects will continue to rev up demand for the oil and gas pipes. Demand for oil and gas pipes will also increase with the growing need to transport oil and gas resources from the production place to the main storage area. Emergence of smart technology like Internet of Things in the oil and gas pipes is further transforming the transportation and management of the oil and gas materials during the extraction and drilling projects. Integration of the piping system with enhanced technology allows the end users to monitor and retrieve data regarding the status of the pipelines, storage and transportation of materials during the offshore and onshore activities.

Sales of Stainless Steel Materials to Remain High

Increasing demand for comparatively strong and protective materials for construction of pipes has led to an upsurge in demand for the stainless steel significantly. By material type, the stainless steel segment is projected represent a relatively high revenue growth, accounting for more than US$ 900 Mn by 2022-end. The stainless steel material type segment is projected to reflect a robust CAGR during the forecast period. On the basis of end users, the offshore activities segment is projected to witness the fastest CAGR, representing more than US$ 600 Mn by 2017-end. Based on application, the external transportation and distribution segment is projected to witness the fastest growth, recording more than US$ 900 Mn by 2022-end.

Overall economic growth coupled with technological advancements have been major driving forces behind the rapid expansion seen in Oil Gas & Pipes market over recent years thus making it an attractive investment opportunity for companies looking to capitalize on its potential growth prospects going forward into the future.. Plus given its highly lucrative nature coupled with ample scope available globally - due to constant need for new fuels especially since renewable sources are becoming more prominent - this industry will likely continue showing strong signs of growth through 2025 (and possibly beyond).

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Market Taxonomy

Material Type

• Stainless Steel
• PVC
• HDPE
• Others

End Use

• Onshore Activities
• Offshore Activities

Application

• External Transportation and Distribution
• Internal Process

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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This release was published on openPR.