Oil and gas supply disruption to Europe amid Russia-Ukraine war brings major changes boosting demand

Company logo

Global market for large diameter steel pipes

Global market for large diameter steel pipes

Global market for large diameter steel pipes

Dublin, Sept. 02, 2022 (GLOBE NEWSWIRE) — The “Large Diameter Steel Tubes – Global Market Trajectory and Analysis” report has been added to the ResearchAndMarkets.com’s special offer.

Global market for large-diameter steel pipes to reach $13.7 billion by 2026
Amidst the COVID-19 crisis, the global market for large diameter steel pipes estimated at USD 12.3 billion in the year 2022 is projected to reach a revised size of USD 13.7 billion by 2026, growing at a CAGR of 2, 7% over analysis.

The discovery of the ability of hollow tubes to transport liquids significantly changed the way humanity uses available water and energy resources. Pipes are the structural foundation of economies worldwide, transporting essential liquids to various regions. Pipes, commonly used in potable water distribution, storm sewers and surface water drainage are essential to a nation’s infrastructure.

Boosted by population expansion and subsequent rise in demand for drinking water and drainage systems, the pipe and fittings market is set to grow during the analysis period. Demand is expected to increase further due to the increasing distance between consumers and drinking water sources leading to the need for additional pipeline infrastructure for transportation and distribution. The trend is expected to be further supported by increasing population migration to newer areas, which implies the need for new infrastructure.

The scenario is expected to drive demand for pipes, which are used in public infrastructure applications, including sewage and storm drainage projects. However, demand for pipes varies greatly from changing standards in government spending in each country. Originally, piping systems were made of wood and clay. Later developments in technology have resulted in the use of various materials such as plastic, ductile iron, fiberglass and steel to make pipes.

The energy sector is still the largest market for large diameter steel pipes. More than 50% of all steel pipes and tubes produced are used to transport gas or oil. Large diameter pipelines (LDPs) are the structural foundation of economies worldwide, providing an important mode of transportation for natural gas, oil and other liquids from isolated production and refining areas to consumption centers across national and international borders.

Pipelines constructed with large diameter steel pipes (LDSP) offer unparalleled benefits in the transportation of liquids and gases as well as solid materials. Superior flexibility in deployment and maintenance, support for high volume transportation, 24×7 operation, best-in-class safety and efficiency, negligible impact of weather, low operating cost, are some of the highly recognized benefits of pipeline transportation. Providing best-in-class support, large diameter pipes can transport huge volumes of oil, gas and refined petroleum products over long distances with ease.

As the pipelines are connected with less mechanical damage, the operational performance of the pipelines remains strong and consistent for longer periods of time. At the same time, LDSPs enable end-to-end automation of labor-intensive material loading/unloading processes to bring a new level of efficiency to transportation applications.

Key topics covered:

I. METHODOLOGY

II. SUMMARY OF MAIN POINTS

1. MARKET OVERVIEW

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & THE DRIVERS

  • Focus on ensuring safe, cost-effective and efficient supply of energy sources through pipeline Provides the basis for the development of large-diameter steel pipes in the oil and gas sector

  • Large diameter steel pipes, a key factor in pipeline transportation

  • Oil and gas supply disruption to Europe amid Russia-Ukraine war prompts major changes in procurement strategies that will benefit demand for large-diameter steel pipes

  • Urgent Need to Break Dependence on Russia Oil and gas pipeline projects are rekindling in Europe and the rest of the world, a move that bodes well for large-diameter steel pipes

  • Fixing current infrastructure gaps could help Africa replace Russia in gas supplies to Europe

  • Production expansions in gas and oil cards to leverage CAPEX investments in pipeline infrastructure and open up parallel opportunities for large-diameter steel pipes

  • Welded line pipe makes intrusions

  • Corrugated steel reinforced pipes are gaining popularity in drainage applications

  • Corrosion protection becomes important in harsh environments

  • Amid the growing outcry for sustainability, increasing investment in carbon capture and storage is driving demand for large-diameter steel pipes to transport toxic CO2 to storage facilities

  • Neglected global water and wastewater infrastructure in focus for urgent upgrades

  • Rising Investments, Supported by Water Treatment Plant Upgrades & Pipeline Engineering Legislation to Stimulate Large Diameter Steel Pipe Demand

  • Large diameter steel pipes in piling applications set for development

  • Encouraging signs of recovery in the chemical industry to boost growth in the market

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. competition

Companies listed

  • ArcelorMittal SA

  • Borusan Mannesmann Boru Sanayi ve Ticaret AS

  • ChelPipe Group

  • EEW-Bergrohr GmbH

  • EUROPIPE GmbH

  • EVRAZ North America

  • Jindal SAW Ltd.

  • National Pipe Company Ltd.

  • Nippon Steel Corporation

  • PAO Severstal

  • PAO TMK

  • Sutor

  • Tenaris SA

  • United Metallurgical Company (AO OMK)

  • United States Steel Corporation

  • Welspun Corp. Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/nt5jpo

Attached

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Leave a Reply

Your email address will not be published. Required fields are marked *