Press release
Pipeline Construction Market Technology, Opportunities and Key Manufacturers Report 2021-2031: Special Focus on United States, Europe, Japan and China Markets
Pipeline construction refers to the process of laying pipes to transport liquids, gases, water, and wastewater over long distances. These pipelines are classified into two primary types: liquid and gaseous, both constructed using similar methods. This system plays a vital role in transporting fluids such as oil, gas, and water, with applications in industries such as chemicals and energy.
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Market Drivers and Growth Opportunities
The pipeline construction market is driven by the increasing demand for energy due to rising populations and urbanization, particularly in metropolitan areas. Industrialization and urban migration have heightened the need for power, oil, gas, and coal. Although renewable energy sources are being developed, traditional fuels like oil, gas, and coal remain the primary energy sources in many regions. Consequently, pipelines are essential for transporting these fuels efficiently across long distances.
Government investments in oil and gas projects further support market growth. For example, in August 2020, the German government invested approximately $100.8 million in a hydrogen electrolysis project at an oil refinery in Hamburg. Additionally, increased offshore exploration activities and the rising demand for energy are driving the development of pipeline infrastructure. These factors are expected to sustain the market's growth during the forecast period.
Market Segmentation
By Pipe Type
The market is segmented into metallic and non-metallic pipes. The metallic pipe segment is expected to dominate, with a projected CAGR of 5.8% from 2022 to 2030. Metallic pipes are favored for their high strength, smooth internal surfaces, and ability to withstand high pressures and temperatures. Urbanization in emerging economies such as Germany, France, and the U.S. also drives the adoption of metallic pipes.
Stainless steel, alloy steel, and other metals are increasingly used due to their hardness, corrosion resistance, and durability under extreme conditions. For instance, Prosaic Steel and Alloys offers ASTM A123 stainless steel pipes for use in heat exchangers and boilers. These pipes, available in sizes ranging from 12" to 24" and diameters between 3.2 mm and 127 mm, illustrate the versatility and demand for metallic pipes, contributing to market growth.
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By End-User
The oil and gas segment is anticipated to dominate the market, with a projected CAGR of 5.1% during the forecast period. Rising global construction activities and oil and gas refinery projects drive the demand for liquid transportation, boosting the pipeline construction market.
Impact of COVID-19
The COVID-19 pandemic temporarily disrupted the pipeline construction market as companies paused operations to comply with government regulations. This led to a halt in manufacturing, delays in raw material supplies, and disruptions in project timelines. Despite these setbacks, the market is expected to recover gradually as industrial activities resume and supply chains stabilize.
Regional Analysis
Regionally, the pipeline construction market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific held the largest market share in 2021 and is projected to grow at a CAGR of 5.6% during the forecast period. Factors such as rapid urbanization, increasing energy demand, and infrastructure investments contribute to the region's dominance.
Competitive Landscape
Key players in the pipeline construction market include Metal Forge India, Prosaic Steel and Alloys, Forterra Inc., Cogbill Construction LLC, CCI Leidingsystemen B.V., Yena Engineering B.V., Enka Insaat Ve Sanayi, Larsen & Toubro Limited, Seonghwa Industrial Co. Ltd, and Sung Il Sim Co. Ltd. These companies focus on strategies such as product innovation, strategic partnerships, and regional expansions to maintain competitiveness.
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Key Benefits for Stakeholders
Comprehensive analysis of current and emerging global pipeline construction market trends.
In-depth market estimations for key segments from 2021 to 2031.
Detailed analysis of product positioning and competitor strategies.
Insights into regional opportunities and market dynamics.
Forecast analysis highlighting growth prospects through 2031.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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