Stability in Global Infrastructure Spending & The Resulting Encouraging Investment Outlook for Water, Oil & Gas Pipeline Projects to Drive the 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 trend in the world economy and spending patterns in the oil & gas sector. As the world economy expands, demand for energy is expected to increase significantly to address the urban & rural household energy needs and also the industrial entities, while driving the demand for energy infrastructure. New transmission pipeline projects, mainly in the natural gas vertical, are steering momentum in the world LDPs market. With large-scale ongoing natural gas exploration, processing and distribution activities across several parts of the world; new pipeline infrastructure development projects are being launched, thus driving the demand for LDPs. At the same time, oil market is gradually rebalancing itself after a pause marked by dwindling supplies and massive price declines. While new oil and gas projects hold huge promise for LDP companies, opportunities from replacement market are also enormous.

Demand for LDPs in piling applications is also expected to gain strength in line with urbanization trend and increased infrastructure spending.  Widening use case in structural foundations in critical applications such as wind energy turbines, where momentum from high overturning is transferred to the foundations, is also likely to spur the demand. Further, the industry is expected to witness strong demand for high strength, crack resistant large diameter pipes, as increased emphasis is laid on pipeline project cost reduction. Although, near- to mid-term outlook for large diameter steel pipes remains highly favorable, the market has to resolve certain issues such as growing competition from plastic and concrete pipes, the latest designs of which can effectively meet demanding requirements of established applications of LDPs, and rising interest in alternate methods for oil & gas transportation, to stay competitive in the long-run.

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 in the market include ArcelorMittal SA, Borusan Mannesmann Boru Sanayi ve Ticaret A.S., ChelPipe, EEW-Bergrohr GmbH, EUROPIPE GmbH, EVRAZ North America, Jindal SAW Ltd., National Pipe Company Ltd., Nippon Steel & Sumitomo Metal Corporation, PAO Severstal, PAO TMK, Sutor, Tata Steel Europe Ltd., Techint Group SpA, Tenaris S.A., TMK IPSCO, United Metallurgical Company (AO OMK), United States Steel Corporation, and Welspun Corp., among others.

The research report titled “Large Diameter Steel Pipes - Market Analysis, Trends, and Forecasts
” 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 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.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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