Oil and Gas Pipes Market

Oil and Gas Pipes Market Outlook (2023 to 2033)

The oil and gas pipes market size was valued at US$ 62 Billion in 2022. The global market is projected to grow from US$ US$ 66.2 Billion in 2023 to US$ 127 Billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period from 2023 to 2033.

To meet the growing demand for oil and gas consumption, pipeline capacities are being expanded, and several new pipeline projects are being commissioned globally. Moreover, the rise in offshore activities, such as ultra-deep water and deep-water production and development, is expected to drive the demand for oil and gas pipes.

The presence of abundant natural gas reserves and the cost-effectiveness of natural gas compared to fossil fuels are expected to boost the sales of natural gas. Various end-use sectors, including power generation, are driving the demand for natural gas, thereby increasing the need for oil and gas pipes in the coming decade.

A significant shift toward renewable sources for the generation of electricity is predicted to contribute to market growth. In recent years, there has been a significant increase in the development of new natural gas resources, including shale gas deposits. Increase in the prices of fuel is boosting demand for natural gas for international trade. Industry advancements are linked to the increasing demand for expanding pipeline networks in the upcoming decade.

Governments are pushing their limitations to develop smart cities in their respective countries. Prominent players prioritize initiatives to integrate pipelines and focus on implementing advanced technologies such as drone monitoring with enhanced sensors, distributed acoustic sensing, and in-line inspection for various oil and gas pipes.

Investments in the integration of machine learning, IoT (Internet of Things), and other advanced sensory technologies are on the rise. The primary goal of these initiatives is to enhance revenue streams by improving the operational efficiency of pipelines.

A detailed analysis of the numerous aspects of oil and gas pipes is incorporated in the market research report that is published by Fact.MR, a market research and competitive intelligence provider. The research report includes information about growth opportunities, new product launches, a regional analysis, key obstacles, and some others.

Report Attributes	Details
Oil and Gas Pipes Market Size (2022)	US$ 62 Billion
Estimated Market Value (2023)	US$ 66.2 Billion
Forecasted Market Value (2033)	US$ 127 Billion
Global Market Growth Rate (2023 to 2033)	6.7% CAGR
Stainless Steel Segment Growth Rate (2023 to 2033)	7.5% CAGR
Key Companies Profiled	Chevron Corporation ConocoPhillips Company BP PLC China National Petroleum Corporation (CNPC) Borealis AG Baker Hughes Company American Cast Iron Pipe Company China Steel Corporation (CSC) American Piping Products ArcelorMittal SA Arabian Pipes Company Chemical Process Piping Pvt. Ltd. Abu Dhabi Metal Pipes & Profiles Industries Complex LLC CEF Group China Metallurgical Information and Standardization Institute

Which are the Trends Influencing the Demand for Oil and Gas Pipes?

“Adoption of Smart Pigging Technology Enhancing Pipe Inspection Activities”

Various emerging technologies are revolutionizing the concept of pigging in the pipeline industry. The implementation of intelligent pigging techniques, equipped with smart technology, enables enhanced inspection activities such as ultrasonic testing and magnetic flux leakage testing.

Advanced technologies play a crucial role in inspecting and detecting issues like erosion and corrosion, metal loss, welding anomalies, pitting, and hydrogen-induced cracking in pipelines. They also provide valuable data on pipeline dimensions, bends, curvature, and temperature.

Many end users are increasingly opting for piping systems integrated with advanced technology to ensure safer transportation of various materials and services. Investments in advanced technology are significant in the installation of gas stations, oil storage facilities, and pipelines. Regular maintenance requirements further drive the demand for these innovative technologies.

“Increasing Drilling Projects and Efficient Transportation Needs”

Increasing number of projects related to gas and shale oil extraction is significantly contributing to drilling projects, which is boosting demand for SAW pipes, mining pipes, reinforced thermoplastic pipes, GRE (glass-reinforced epoxy) pipes, seamless pipes and tubes, etc. The surging number of extraction and drilling projects is leading to the growing need for transporting chemicals, water, sand, and various other materials. Moreover, transportation by ships, trains, and other means is comparatively expensive due to the rising costs of fuel.

Suppliers and manufacturers are utilizing oil and gas pipelines for transportation processes and internal processing. They rely on oil and gas pipelines, including steel pipes, to ensure the safe delivery of materials, especially when subjected to extremely corrosive environments and temperature conditions. Growing demand for transporting oil and gas materials from manufacturing units to storage areas and larger pipelines is expected to drive the sales of oil and gas pipes.

What are the Hindrances That Oil and Gas Pipe Manufacturers Must Overcome?

“Unstable Infrastructure and High Prices of Raw Materials”

The unstable infrastructure in certain countries is estimated to restrain the production of oil and gas pipes. In addition, the cost of raw materials required for the production of oil and gas pipes is comparatively high. This is projected to increase the final price of the end product and thus restrain their adoption.

What are the Market Opportunities for Start-ups in This Space?

“Production of Oil & Gas Pipes Equipped with Advanced Technology”

End users prefer piping systems that are integrated with certain advanced technologies to ensure the safe transportation of materials. Start-ups are focusing on equipping gas stations and pipelines and oil storage devices with advanced technology, including IoT.

Country-wise Insights

Why are Oil and Gas Pipe Suppliers Eyeing the United States Market?

“Extensive NGL and Oil & Gas Pipeline Network”

In the North American region, the United States has the longest network of NGL (natural ground level) pipelines, as well as pipelines for petroleum products, crude oil, and natural gas. This wide gas network is expected to play a significant role in driving the increasing demand for oil and gas pipes, particularly for transportation purposes, during the projected period.

How is Demand for Oil and Gas Pipes Shaping Up in the United Kingdom and Germany?

“Significant Presence of Active Pipelines”

The United Kingdom and Germany are two prominent markets in the European region that are contributing to rising sales of oil and gas pipes. Presence of a large number of active pipelines in these countries is estimated to drive market opportunities. In addition, Germany and the United Kingdom also have a wide network of crude oil and natural ground level (NGL) pipelines network, respectively, which is fueling demand for oil and gas pipes market.

Which Asia Pacific Countries Account for Higher Sales of Oil and Gas Pipes?

“China, India, Japan – Prominent Markets in the Region”

There is a significant increase in the consumption of energy in China, India, and Japan.

• As per data provided by the International Energy Agency (IEA), China is projected to account for a substantial share of 30% of global energy consumption by the end of 2025.

State-owned firms in China, including China National Offshore Oil Corporation and CNPC (China National Petroleum Corporation), are investing in expanding local gas fields for increased production. Therefore, rise in gas production and the establishment of new infrastructure are propelling the oil and gas pipes market growth in Asia Pacific.

Category-wise Insights

Why are Manufacturers of Oil and Gas Pipes Adopting Stainless Steel Materials?

“Growing Need for Robust Pipelines for Safe Oil and Gas Transportation Boosting Adoption of Stainless Steel Pipe Construction”

Demand for stainless steel oil and gas pipes is projected to increase at a CAGR of 7.5% and reach a valuation of US$ 44.9 billion by 2033.

Stainless steel, HDPE (high-density polyethylene), and PVC (polyvinyl chloride) are some key materials that are used in the production of oil and gas pipes. Increasing preference for robust and protective pipes to ensure the safe transportation of oil and gas materials is predicted to lead to the rising adoption of stainless steel in the manufacturing of oil and gas pipes.

Key Market Players

Industry players are focusing on quality control, maintaining product standards, and strengthening their supply chain management systems.

Prominent players in the oil and gas pipes market include Chevron Corporation, ConocoPhillips Company, BP PLC, China National Petroleum Corporation (CNPC), Borealis AG, Baker Hughes Company, American Cast Iron Pipe Company, China Steel Corporation (CSC), American Piping Products, ArcelorMittal SA, Arabian Pipes Company, Chemical Process Piping Pvt. Ltd., Abu Dhabi Metal Pipes & Profiles Industries Complex L.L.C., CEF Group, and China Metallurgical Information and Standardization Institute.

Segmentation of Oil and Gas Pipes Industry Research

• By Material :

  • Stainless Steel
  • HDPE (High-Density Polyethylene)
  • PVC (Polyvinyl Chloride)

• By Application :

  • External Transportation & Distribution
  • Internal Processes

• By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa