11.6% CAGR Growth to be achieved by Oil and Gas Pipeline Market Forecast to 2025 According to new research

The Report “Oil and Gas Pipeline Market” Global Market Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025. The Oil and Gas Pipeline market is expected to grow at a CAGR of 11.6% by 2025.
ResearchNreports brings key comprehensions on the subject of global Oil and Gas Pipeline Market in its latest report titled Global Oil and Gas Pipeline Market by Types (ERW, SAW, seamless, polyethylene, and composite); by Application (Upstream, Midstream, and Downstream); by End-Users (Oil Producer & Distributor and Gas Producer & Distributor); by Regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) – Global Market Insights Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025’.

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With the growing oil and gas pipeline infrastructure, the demand for pipelines is growing tremendously across the globe. Oil and gas pipelines are used for a wide range of applications. Swelling crude oil production in combination with growing deep drilling operations is likely to effect the growth of the oil and gas pipelines market. The seamless pipes segment is anticipated as the fastest-growing segment of oil and gas pipeline market and its market share is projected to exceed over the forecast period.
The downstream application provides thousands of products such as gasoline, diesel, jet fuel, heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, antifreeze, pesticides, pharmaceuticals, natural gas and propane. And as far as the midstream segment is concerned, they process, store, market and transport commodities such as crude oil, natural gas, NGLs, and sulphur. Due to the development & advancement of technology, growing population, and growing disposal income this market is on an upward trend.

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Some of the major players of Global Oil and Gas Pipeline Market are American Cast Iron Pipe, Anhui Tianda Oil Pipe, Arcelor Mittal SA, Baosteel Group, Boomerang Tube, Chevron Phillips Chemical, China National Petroleum, Dura-Line Holdings, Jiangsu Changbao Steel Tube, Jiangsu Yulong Steel Pipe, Jubail Energy Services, and Luleh Gostar Esfarayen among others.
North America leads the global market both in terms of the pipeline length additions and capital expenditure being spent over the next four years. Due to factors such as accessible formations and large proven reserves the U.S. and Canada are projected as the centers of shale gas developments. Moreover, these countries have advanced drilling and fracturing technologies, piping and refining infrastructure, which provides easy access to the markets. The magnitude of upstream exploration and production taking place in North America is anticipated to surge oil & gas pipeline market in this region in the coming years.

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