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North America Oil & Gas Line Pipe Market Size (2024 - 2029)

The North America oil & gas line pipe market is anticipated to experience growth driven by increased exploration activities and the development of new oil and gas fields. The expansion of offshore activities, including deepwater and ultra-deepwater production, further contributes to the market's expansion. Despite the challenges posed by the global shift towards renewable energy sources, the market is expected to benefit from the rising demand for seamless pipe types and opportunities arising from offshore exploration and production projects. The United States is projected to be the largest market due to its heightened oil and gas exploration and production activities, which bolster the demand for line pipes.

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Market Size of North America Oil & Gas Line Pipe Industry

North America Oil and Gas Line Pipe Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 2.00 %
Market Concentration Low

Major Players

North America Oil and Gas Line Pipe Market Key Players

*Disclaimer: Major Players sorted in no particular order

North America Oil & Gas Line Pipe Market Analysis

The market for oil & gas line pipe in North America is expected to grow at a CAGR of over 2% during the forecast period of 2020 - 2025. Factors such as increased exploration activities and focus on the development of new oil and gas fields are expected to help drive the market for oil & gas line pipe. Moreover, increase in offshore activities, such as deepwater and ultra-deepwater production and development, are also driving the oil and gas pipeline market. However, the global shift towards renewable sources for electricity generation poses as a huge threat to the oil and gas demand, which is likely to be a major challenge for the growth of oil and gas line pipes installation in the coming years.

  • The seamless type segment is expected to witness significant demand during the forecast period, owing to the number of advantages when compared to other types.
  • The rise in offshore exploration and production projects is expected to create an excellent opportunity for the market players in the years to come, as these projects are paving the way for line pipe industry to grow more.
  • United States is expected to be the largest market during the forecast period, owing to the increased oil & gas exploration and production activities, that drives the demand for line pipe market in the coming years.

North America Oil & Gas Line Pipe Industry Segmentation

The North America oil & gas line pipe market report include:

Type
Seamless
Welded
LSAW
HSAW
ERW
Geography
United States
Canada
Rest of North America
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North America Oil & Gas Line Pipe Market Size Summary

The North America oil and gas line pipe market is poised for growth, driven by increased exploration activities and the development of new oil and gas fields. The rise in offshore activities, including deepwater and ultra-deepwater production, further propels the market. However, the global shift towards renewable energy sources presents a significant challenge to the demand for oil and gas, potentially impacting the installation of line pipes. The seamless type segment is anticipated to see substantial demand due to its advantages over other types, such as enhanced pressure resistance and cost-effectiveness. This segment's growth is supported by its application in high-pressure environments like refineries and oil and gas infrastructures, where its strength and corrosion resistance are crucial.

The United States is expected to remain the largest market within North America, fueled by its significant oil and gas exploration and production activities. The country has seen a remarkable increase in oil production, becoming the world's leading producer. Initiatives like the American Line Pipe Producers Association's support for using American-made materials and the restart of key pipe mills underscore the country's commitment to bolstering its line pipe industry. Additionally, contracts for substantial pipe production for energy infrastructure projects highlight the ongoing demand. The market is characterized by fragmentation, with major players such as JFE Steel Corporation, Tenaris SA, Welspun Group, Vallourec S.A., and Jindal SAW Ltd. actively participating in shaping its future.

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North America Oil & Gas Line Pipe Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Seamless

      2. 2.1.2 Welded

        1. 2.1.2.1 LSAW

        2. 2.1.2.2 HSAW

        3. 2.1.2.3 ERW

    2. 2.2 Geography

      1. 2.2.1 United States

      2. 2.2.2 Canada

      3. 2.2.3 Rest of North America

North America Oil & Gas Line Pipe Market Size FAQs

The North America Oil & Gas Line Pipe Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

JFE Steel Corporation, Tenaris SA, Welspun Group, Vallourec S.A. and Jindal SAW Ltd. are the major companies operating in the North America Oil & Gas Line Pipe Market.

North America Oil & Gas Line Pipe Report Snapshots

North America Oil & Gas Line Pipe Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)