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DUBLIN–(BUSINESS WIRE)–The “Oil and Gas Pipes – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Oil and Gas Pipes Market to Reach $10.8 Billion by 2027
The global market for Oil and Gas Pipes estimated at US$7.7 Billion in the year 2020, is projected to reach a revised size of US$10.8 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.
Stainless Steel, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the HDPE segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 8% CAGR
The Oil and Gas Pipes market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2027 trailing a CAGR of 8.1% over the period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027.
PVC Segment to Record 4.4% CAGR
In the global PVC segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.7% CAGR through the analysis period.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Pipeline Infrastructure Remains a Crucial Part of Global Energy Infrastructure
- Impact of Covid-19 and a Looming Global Recession
- Living with COVID-19 is the New Normal
- Recession Looms Large With the War & Threat of Stagflation Posing Significant Downside Risks for the Global Economy in 2022 & 2023
- Oil & Gas Sector Posts Strong Recovery After a Significant Downturn
- Implications of Russia-Ukraine Conflict on Oil & Gas Industry
- The Conflict Impacts Natural Gas Imports to Europe
- Europe to Focus on Diverse Supply Routes & Renewable Energy
- Inflated Oil Prices Drive Global Capital Expenditure
- Oil & Gas Industry Increases Focus on Energy Transitions
- COVID-19 Leads Shift Away from Fossils
- Myriad Benefits of Pipeline Transportation Drive Widespread Deployments
- A Review of Global Oil & Gas Pipeline Activity
- A Glance at Select Major Oil and Gas Pipelines Worldwide
- Impact of Russia-Ukraine Conflict on Oil & Gas Pipelines
- Implications of Russia-Ukraine Conflict on Kazak’s Pipelines & Energy Industry
- Uncertain Future for Nord Stream 2 Gas Pipeline Project
- The Glitches & Uncertainty
- Global Market Outlook
- Regional Developments Influencing the Market
- US at Crossroads of Fossil Energy
- Europe: Growth despite Stronger Stance to Oppose Pipelines
- Africa & Middle East: Pipeline Projects Mired Under Uncertainty
- Key Challenges Hindering Oil & Gas Pipeline Projects
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS (Total 73 Featured)
- Aliaxis Group SA/NV
- American Cast Iron Pipe Company
- ArcelorMittal
- China Steel Corporation
- JFE Holdings, Inc.
- JSW Steel Ltd.
- Metalurgica Gerdau SA
- Mexichem SAB De CV
- Tenaris SA
- Valourec S.A.
3. MARKET TRENDS & DRIVERS
- Growing Focus on the Environmental Benefits of Piped Energy Transport to Benefit Demand for Eco-Friendly Pipes
- Rise of Pipelines as an Environmentally Friendly Mode of Energy Transport, Amid Growing Clamor for Sustainability, to Positively Impact Demand Dynamics for Pipes
- Advancements in Material Grade Benefit Growth of Plastic Pipes
- Plastic Pipes Gain Increasing Acceptance in Natural Gas Transport
- Polyethylene: The Preferred Choice in Gas Distribution Pipeline
- Demand for Natural Gas on the Rise, Bodes Well for Pipeline Market
- An Insight into Natural Gas Market Dynamics
- Urgency to Shake Off Dependence on Russia Oil & Gas Resurrects Pipeline Projects in Europe & Rest of World
- New Oil & Gas Supply Projects & Strategies Augur Well for Steel Pipes
- Rise in Drilling & Well Construction Activity Bodes Well for Market Growth
- Unconventional Oil & Gas Resources Trigger Demand for High Grade OCTG Products
- Deep Water Drilling Widens Opportunities
- Deepwater Projects to Attract Increased Investment in 2022
- Five New Deepwater Discoveries in the Gulf of Mexico Announced by Operators
- Deepwater Activity in the US Gulf of Mexico to Increase
- Replacement of Aging Gas Pipelines Offers Strong Growth Potential
- Technological Developments Lead to Safe and Efficient Pipelines
- Artificial Intelligence (AI) Finds Increasing Uptake
- IoT & Edge Computing
- Digital Twins & Digital Modeling
- Drones for Automated Inspection
- Blockchain & Augmented Reality
- Quantum Computing
- Coating Innovations Result in Increased Efficiency
- Growing Demand for Innovative and Advanced Pipeline Solutions for Improving Operating Efficiencies Spearhead Market Growth
- Need to Minimize Integrity Deterring Issues in Pipeline Operations Drive Demand for Integrity Management Solutions
- Integrity Threats to Pipeline Networks: An Overview
- Corrosion Prevention Remains High Priority Area in Pipeline Integrity Management
- Pipeline Leak Management for End-to-End Integrity Management
- Acoustic Leak Detection Emerge as a Viable Pipeline Leak Detection Platform
- Strain Gauging Sensors for Monitoring Pipeline Integrity
- Cloud-based Software Solutions: The New ICT Frontier for Pipeline Operators
- On-Premises Vs. Cloud-based Software: A Cost Comparison Analysis
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/j8t0b0
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