The Global Market for Large Diameter Steel Pipes is Projected to Reach 27.0 Million Tons by 2022

Ongoing Investment in Cross Country Pipeline Infrastructure Drives the Global Large Diameter Steel Pipes Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Large Diameter Steel Pipes market. The global market for Large Diameter Steel Pipes is projected to reach 27.0 million tons by 2022, driven by rising energy demand, in particular for natural gas and rehabilitation of existing pipeline infrastructure.

Large Diameter Pipes (LDPs) comprise a major mode of transport for natural gas, oil and other fluids from isolated areas of production and refining to consumption centers across national and international boundaries. Demand for large diameter pipes is predominantly dictated by spending patterns for oil and gas transportation. As  against railroad transportation, pipelines enable cost-effective and energy efficient transfer of crude oil, natural gas and other products over land and under sea. As the world economy expands, demand for energy is expected to increase significantly to address the urban & rural household energy needs and rise in industrial activity. Natural Gas represents the fastest growing fossil fuel against the backdrop of stringent environmental policies on carbon gas emissions and rising supplies, particularly of US shale gas and liquefied natural gas (LNG). At the same time oil market is gradually rebalancing itself after a pause marked by low oil prices and dwindling supplies. While new oil and gas projects hold huge promise for LDP companies, opportunities from replacement market are also enormous.

Despite E&P project deferrals in 2015, demand for LDPs remained buoyed by start of new transmission pipeline projects, mainly for natural gas. Currently, natural gas pipelines constitute the rapidly growing pipeline category within the global oil & gas sector. With large-scale ongoing natural gas exploration, processing and distribution activities across several parts of the world; several new pipeline infrastructure development projects are being launched, thus driving the demand for large diameter pipes. The industry is also expected to witness strong demand for high strength, crack resistant large diameter pipes, as increased emphasis is laid on pipeline project cost reduction. Demand for LDPs in piling applications is also expected to gain strength in line with urbanization trend and increased infrastructure spending. Large diameter steel pipes are also employed in foundations of structures including wind energy turbines, where momentum from high overturning is transferred to the foundations. Steel LDP is the most preferred material for piling in such foundations owing to its high bearing capacity. Helically submerged arc welded (HSAW) pipes represents the largest as well as the fastest growing segment. HSAW pipes are preferred over LSAW pipes in pipeline projects owing to benefits such as lower cost, more versatility, and wider product range.

As stated by the new market research report on Large Diameter Steel Pipes, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market at a CAGR of 9% over the analysis period led by factors such as growing energy demand and increased investments in oil and gas pipeline infrastructure in countries such as China and India.

Major players covered in the report include ArcelorMittal SA, Bergrohr GmbH, ChelPipe, EUROPIPE GmbH, EVRAZ North America, Jindal SAW Ltd., Nippon Steel & Sumitomo Metal Corporation , OAO TMK, Tenaris S.A., United States Steel Corporation, and Welspun Corp., among others.

The research report titled “Large Diameter Steel Pipes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value and volume terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Russia, Asia-Pacific, Middle East & Africa and Latin America North America, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Russia, Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America. Global and regional markets are analyzed in tons by product segments - Longitudinal Submerged Arc Weld [LSAW] and Helically Submerged Arc Welded (HSAW) large diameter steel pipes.

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