Global Petroleum Pipe Market Overview:
Petroleum pipe is used to transport crude oil or natural gas liquids. Once the petroleum is refined into various products includes gasoline or kerosene, it is transported through the refined products pipeline systems to storage and distribution stations. Of late, growing oil and gas production will require a huge investment in pipeline infrastructure, especially in emerging nations in the upcoming years. However, more than 190,000 miles of liquid petroleum pipelines traverse, which connects the producing areas to refineries in the United States. Some of the key players profiled in the study are Victaulic (United States), Vallourec Tianda (Anhui) Co., Ltd. (China), Petroleum Pipe Company (PPC) (United Kingdom), Tenaris S.A (Luxembourg), Valourec S.A (France), Mexichem Sab De C.V (Mexico), China Steel Corporation (China), American Cast Iron Pipe Company (United States), Arcelor Mittal S.A (Luxembourg), Don Longo Inc. (United States), Chevron Pipe Line Company (United States) and Trans-Northern Pipelines (Canada).
On the basis of geography, the market of Petroleum Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Offshore Activities will boost the Petroleum Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth in the Production and Demand of Crude Oil and Natural Gas Globally
- Increasing Investment in Pipeline Infrastructure across the World
- Surging Demand for Safe, Economical, and Reliable Connectivity
Market Trend
- Integration of advanced sensory and Artificial Intelligence (AI) has bought in new technological breakthrough benefitting the pipeline operations. Growing demand for distribution pipe will benefit from increasing residential construction expenditure. which will boost the need for the natural gas line to new homes across the world.
Restraints
- Severe Climatic Conditions & High Construction Cost
- Fluctuations in the Raw Material Prices
Opportunities
- The Growth in the Construction of New Transmission Lines Needed to Transport Oil and Gas from Drilling Sites to Customers
Challenges
- Constraints of Cross Border Pipeline Transportation
Under the Natural Gas Act (NGA), siting of interstate natural gas pipelines and related facilities requires specific approval from the Federal Energy Regulatory Commission (FERC). When the pipeline company receives a certificate of public convenience and necessity from FERC, state or local laws that conflict with FERC’s exercise of its jurisdiction under federal law or would pose an obstacle to construction of the pipeline (e.g., local zoning laws) are pre-empted unless FERC requires the company to comply with them as a condition of granting the certificate.
Target Audience:
Petroleum Pipe Manufacturers, Distributors, Raw Material Suppliers, Steel Manufacturing Companies, Government Regulatory Bodies, Market Research Companies, End Users and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Petroleum Pipe market on the basis of product [Metal Pipe, Plastic Pipe and Others] , application [Oil Country Tubular Goods (OCTG), Line Pipe, Distribution Pipe and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Petroleum Pipe market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Petroleum Pipe industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are JSW Steel Ltd (India), Shandong Molong Petroleum Machinery Co. Ltd (China), JFE Holding Inc. (Japan) and Hebei Xinlian Petroleum Pipe Co. Ltd (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Petroleum Pipe market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.