2015-2021 Global oil and gas pipe market

Escalating crude oil production in conjunction with growing deep drilling operations is likely to catalyze the growth of the oil and gas pipelines market.

On the basis of types, the global oil and gas pipes market is segmented into: Steel pipes, plastic pipes, and others. Steel pipes, the largest segment of oil and gas pipes, accounted for over 80% of the total market in 2013.

The steel oil and gas pipes market is further segmented into welded, seamless and fittings pipes. Welded pipes are the largest segment of the steel pipe market and are further categorized into electric resistance welded (ERW) and longitudinal submerged arc welded pipes.

Seamless pipes are the fastest-growing segment of steel pipes and its market share is projected to surpass that of the welded pipe segment by the end of 2022.

On the basis of application, the global oil and gas pipes market is segmented into: Oil country tubular goods (OCTG), line pipes, and distribution. At present, the market is dominated by the line pipe segment owing to growth in construction of new transmission lines needed to transport oil and gas from drilling sites to customers.

OCTG is the fastest growing application sector for the oil and gas pipelines market and is anticipated to surpass line pipes in the next five years. Rising penetration of OCTG pipes in high-pressure drilling applications is increasing its demand exponentially.

Demand for distribution pipes is growing on account of rising residential construction, which is increasing the need for natural gas lines to new homes.

On the basis of end users, the global oil and gas pipelines market is segmented into two categories: Oil pipe and gas pipe. The oil industry remains the largest customer of the global oil and gas pipes market.

Increasing crude oil production is driving the growth of the oil and gas pipes market in the oil industry. In 2003, global oil production stood at 77,639 thousand barrels per day, which increased to 86,754 thousand barrels per day in 2013.

The demand for oil and gas pipes from the gas industry is driven by the mounting natural gas production, primarily in developing countries. Global natural gas production is growing robustly; in 2003, it was 2,621.3 billion cubic meters, which increased to 3,369.9 billion cubic meters in 2013.