Oil and Gas Pipes Market
Oil and Gas Pipes Market Analysis by Stainless Steel, HDPE, and PVC for External Transportation & Distribution and Internal Processes from 2023 to 2033
Analysis of Oil and Gas Pipes Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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 |
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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.
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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.
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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
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Material
- 10.1. Stainless Steel
- 10.2. HDPE (High-Density Polyethylene)
- 10.3. PVC (Polyvinyl Chloride)
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 11.1. External Transportation & Distribution
- 11.2. Internal Processes
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Chevron Corporation
- 22.2. ConocoPhillips Company
- 22.3. BP PLC
- 22.4. China National Petroleum Corporation (CNPC)
- 22.5. Borealis AG
- 22.6. Baker Hughes Company
- 22.7. American Cast Iron Pipe Company
- 22.8. China Steel Corporation (CSC)
- 22.9. American Piping Products
- 22.10. ArcelorMittal SA
- 22.11. Arabian Pipes Company
- 22.12. Chemical Process Piping Pvt. Ltd.
- 22.13. Abu Dhabi Metal Pipes & Profiles Industries Complex LLC
- 22.14. CEF Group
- 22.15. China Metallurgical Information and Standardization Institute
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Material
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Material, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Material, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Material, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Material, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Material, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Material, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Material, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Material, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Material, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Material, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Material, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Material, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Material, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Material, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Material, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Material, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Material, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Material, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Material, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Material, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Material, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Material, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Material, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Material, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Material, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Material, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Material, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Material, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Material, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Material, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Material, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Material, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Material, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Material, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Material, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Material, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Material, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Material, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Material, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
What was the size of the oil and gas pipes market in 2022?
The value of the global oil and gas pipes market stood at US$ 62 billion in 2022.
What is the predicted growth rate for the oil and gas pipes market?
The market for oil and gas pipes is predicted to advance at a CAGR of 6.7% from 2023 to 2033.
What is the projected valuation of the global market for 2033?
Sales of oil and gas pipes are set to reach US$ 127 billion by 2033-end.
What is the sales projection for stainless steel oil and gas pipes through 2033?
Demand for stainless-steel oil and gas pipes is projected to rise at a CAGR of 7.5% through 2033.
Which application-based segment accounts for high revenue streams?
Oil and gas pipes are extensively used for external transportation & distribution purposes.
Who are the prominent global suppliers of oil and gas pipes?
Chevron, ConocoPhillips, Borealis AG, and Baker Hughes are key oil and gas pipe manufacturers.
Oil and Gas Pipes Market