Europe Line Pipe Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Line Pipe Market Analysis
Europe line pipe market is expected to register a CAGR of more than 2.2% during the forecast period (2022-2027). Various countries across Europe have imposed lockdown restrictions due to the COVID-19 outbreak in Q1 of 2020, causing line pipe construction activities to be delayed. In Norway, the COVID-19 pandemic has impeded the development of offshore oil and gas projects, increasing costs and delaying startup dates, according to the government and Equinor. A government document showed that ongoing projects increased in cost by USD 1.4 billion on an inflation-adjusted basis from a year ago due to COVID-19 restrictions. It is now estimated that Equinor's Martin Linge oil and gas field will cost USD 6.15 billion, up from USD 5.68 billion in the previous year's estimate. Investments and developments in Oil & gas and water treatment sectors are among the major factors driving this market. Among them is the development of unconventional oil and gas sources that are driving pipeline expansions. Since line pipes are heavy, their transportation costs are higher, limiting the growth of the global line pipe market.
- The stainless steel segment is expected to dominate the market, owing to its corrosion resistance properties, and growing demand in the oil and gas industry is expected to boost the market.
- It is expected that the rise in offshore exploration and production projects are going to create excellent opportunities for market players in the years to come, since these projects are paving the way for growth in the line pipe industry.
- Norway is expected to be the largest market during the forecast period, owing to the increased oil & gas production activities and new pipeline projects, that drives the demand for line pipe market in the coming years.
Europe Line Pipe Market Trends
This section covers the major market trends shaping the Europe Line Pipe Market according to our research experts:
Stainless Steel Segment to Dominate the Market
- Stainless Steel pipes are used in a wide range of industries, from industrial manufacturing to sculpture, and have many advantages for industrial or residential projects. Steel tube is commonly used in plumbing to replace plastic pipes with stainless steel pipes. Stainless steel pipe is more expensive than the plastic pipe, but it has a number of advantages over the latter.
- According to the European steel association, the pipe and tubes industry is the fifth largest steel consumer, accounting for approximately 12% of total Europe steel consumption.
- There are many things to consider when building, managing, and operating a water waste treatment plant, such as what materials to use for aeration pipes, valves, tanks, and transfer pipes. The stainless steel used for these type of auxiliary equipment and pipelines are corrosive-resistant without adding toxic chemicals to the water, and also the need to keep maintenance and repair costs low.
- Steel grades 304 and 316 are commonly used in wastewater treatment processes and water filtering systems. Other materials were considered in the past but they did not outweigh the advantages offered by steel. There are a number of known substances that are used in plastics across Europe, such as HDPE, which is similarly chemically resistant to steel, but decomposes when exposed to light, creating a costly and difficult problem in the waste and water treatment industry.
- Oilfields and pipelines are just one of the many sub-industries that ensure the oil and gas industry maintains a stable supply of product to customers and distributors. A variety of raw materials are used to run the oil and gas industry which includes metals.
- There are many uses for stainless steel in the oil and gas industry, from harvesting to refining to shipping and distributing products. This metal is extremely strong and has great wear resistance, which makes it a popular material for exterior components and piping. Combining steel with small amounts of other metal elements improves its durability, strength, corrosion resistance, and other important characteristics.
- Stainless steel is an ideal material for a wide range of chemical plant applications, due to its strength and corrosion resistance. Stainless steel filters and seamless pipes are essential components of modern fluid systems. It is also important to consider the benefits of stainless steel in the pipe lines and units themselves, as well as as part of the overall design process.
- Stainless steel and steel pipes and tubes have excellent corrosion resistance, heat resistance, and low-temperature properties, and are often used as raw materials in petroleum refining processes, petroleum chemistry, water treatment and power generation operations.
- According to Global energy monitor, Europe has a total of 16 gas pipelines are under construction, totaling 3,200 kilometers (km) and costing EUR 6.5 billion. Of this, EUR 2.1 billion is earmarked for the Baltic Pipe Project, which is expected increase EU gas import capacity by 10 billion cubic meters per year.
- In the pre-construction phase, 62 proposed gas pipeline projects would stretch 12,500 km and cost EUR 29.7 billion. The EUR 12.1 billion would go to build 3,600 km of import pipelines and expand a capacity (the Trans Adriatic Pipeline), increasing EU gas import capacity by at least 69.5 billion cubic meters per year.
- In view of these factors, the usage of steel pipes in the wide range of end use industries are expected to dominate the market during the forecast period.
Norway to Dominate the Market
- There are many different types of pipelines, and they play a vital role in human health, as well as have strategic importance for all countries. Pipelines transport crude oil, refined petroleum, natural gas, biofuels, clean water, hot water, steam transport, and irrigation water.
- It is estimated that there are approximately 4,000,000 kilometers of pipelines in 120 countries, half of which are petroleum and gas pipelines. As a result of increasing energy consumption and energy politics of countries to secure their energy resources, oil and gas pipeline construction has been growing tremendously.
- According to European Commission, In 2012, the total length of oil pipelines in Norway was 1,245 kilometers, a value that remained unchanged until 2016. In 2016, the total pipeline length was 1,288 kilometers, which remained the same in 2019.
- Norway's pipeline network has a capacity of 120 billion Sm3 of dry gas per year. Three onshore gas processing plants are connected to the pipeline network, and receive rich gas from the fields. Norway has four receiving terminals in continental Europe (two in Germany, one in Belgium, one in France) and two in the UK.
- A Norwegian gas pipeline network has a total length of about 8,800 kilometers, which is about the same distance as from Oslo to Bangkok.
- Currently, Norway has 90 oil and gas fields, but this number may rise to 130 within a few years. Despite having just five million people, Norway is the world's 14th largest oil producer and 8th largest natural gas producer.
- Accoring to Norwegian Petroleum Directorate (NPD), Petroleum production in Norway is expected to grow by more than 9% by 2024 due to an increase in investment in the country's biggest export market. According to NPD forecasts, oil production will rise to 4.33 million barrels of oil equivalent in 2024, an increase of 9.1% over 2021's preliminary reading of 3.97 million barrels.
- In May 2022, Equinor and Halten East partnered with Var Energi, Spirit Energy and Petoro have decided in investing about NOK 9 billion in the development of the area neighbouring to the Asgard field in the Norwegian Sea. A plan to develop and operate the area has been submitted to the Ministry of Petroleum and Energy and consists of six gas and condensate discoveries and options on three further prospects.
- According to BP Statistical Review of World Energy, In 2021, Norway produced 2025 thousands barrels per day of oil, an increase of 15% from 2019.
- Therefore, based on the above-mentioned factors, Norway is expected to have a positive impact on the line pipe market during the forecast period.
Europe Line Pipe Industry Overview
Europe line pipe market is fragmented. Some of the key players in the market include Vallourec S.A., Tenaris SA, ArcelorMittal S.A., EVRAZ plc, and Corinth Pipeworks S.A.
Europe Line Pipe Market Leaders
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Vallourec S.A.
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Tenaris SA
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ArcelorMittal S.A.
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EVRAZ plc
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Corinth Pipeworks S.A.
*Disclaimer: Major Players sorted in no particular order
Europe Line Pipe Market News
- In June 2022, A GBP 7 million investment plan is being announced by Tata Steel for its Hartlepool Tube Mill in northeast England. The investment is going to be used to develop a new slitter that is expected to process coils of steel delivered from Tata's Port Talbot steelwork in South Wales. Almost 300 people work at the site, which produces up to 200,000 tonnes of steel tubes a year.
- In July 2021, Pipelines from Corinth Pipeworks (CPW) have been delivered for a high-pressure pipeline network spanning 440 kilometers across Italy. The pipeline is designed to transport hydrogen at concentrations up to 100 percent. This CPW pipe is made from ArcelorMittal's L415ME steel grade. The pipes have been certified to meet ASME B31.12 Option B requirements. Steel for the pipes was manufactured at ArcelorMittal Europe - Flat Products' mills in Fos-sur-Mer, France, and Bremen, Germany.
Europe Line Pipe Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2027
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Seamless
- 5.1.2 Welded
- 5.1.2.1 LSAW
- 5.1.2.2 HSAW
- 5.1.2.3 HFW
- 5.1.2.4 ERW
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5.2 Mateial
- 5.2.1 Stainless Steel
- 5.2.2 Carbon Steel
- 5.2.3 Others
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5.3 End Use
- 5.3.1 Oil and Gas
- 5.3.2 Water treatment
- 5.3.3 Chemical Industry
- 5.3.4 Others
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5.4 Geography
- 5.4.1 Germany
- 5.4.2 United Kingdom
- 5.4.3 Norway
- 5.4.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Vallourec S.A.
- 6.3.2 Tenaris SA
- 6.3.3 ArcelorMittal S.A.
- 6.3.4 EVRAZ plc
- 6.3.5 Corinth Pipeworks S.A.
- 6.3.6 Productos Tubulares S.A.U.
- 6.3.7 JFE Steel Corporation
- 6.3.8 Jindal SAW Ltd.
- 6.3.9 Zaffertec S.L.U.
- 6.3.10 IPS Group BV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEurope Line Pipe Industry Segmentation
Europe line pipe market report include:
| Type | Seamless | |
| Welded | LSAW | |
| HSAW | ||
| HFW | ||
| ERW | ||
| Mateial | Stainless Steel | |
| Carbon Steel | ||
| Others | ||
| End Use | Oil and Gas | |
| Water treatment | ||
| Chemical Industry | ||
| Others | ||
| Geography | Germany | |
| United Kingdom | ||
| Norway | ||
| Rest of Europe |
Europe Line Pipe Market Research FAQs
What is the current Europe Line Pipe Market size?
The Europe Line Pipe Market is projected to register a CAGR of greater than 2.20% during the forecast period (2024-2029)
Who are the key players in Europe Line Pipe Market?
Vallourec S.A., Tenaris SA, ArcelorMittal S.A., EVRAZ plc and Corinth Pipeworks S.A. are the major companies operating in the Europe Line Pipe Market.
What years does this Europe Line Pipe Market cover?
The report covers the Europe Line Pipe Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Line Pipe Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Line Pipe Industry Report
Statistics for the 2024 Europe Line Pipe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Line Pipe analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
