Market Size of Europe Line Pipe Industry
| 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 Industry Segmentation
Europe line pipe market report include:
| Type | ||||||
| Seamless | ||||||
|
| 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 Size Summary
The Europe line pipe market is poised for steady growth, driven by investments in the oil and gas and water treatment sectors. The market is experiencing a resurgence as countries recover from the disruptions caused by the COVID-19 pandemic, which had previously delayed construction activities and increased project costs. The development of unconventional oil and gas sources is a significant factor propelling pipeline expansions, despite the high transportation costs associated with heavy line pipes. The stainless steel segment is expected to lead the market due to its corrosion resistance and growing demand in the oil and gas industry. Offshore exploration and production projects are anticipated to create substantial opportunities for market players, with Norway emerging as a key market due to its increased oil and gas production activities and new pipeline projects.
The use of stainless steel pipes is prevalent across various industries, including oil and gas, water treatment, and power generation, owing to their strength and corrosion resistance. These pipes are essential components in modern fluid systems, offering advantages over traditional materials like plastic. The European steel association highlights the significant consumption of steel in the pipe and tubes industry, underscoring its importance in the region. Norway's robust pipeline network and its position as a leading oil and gas producer further bolster the market's prospects. The market is characterized by fragmentation, with key players such as Vallourec S.A., Tenaris SA, and ArcelorMittal S.A. actively contributing to its development through strategic investments and projects.
Europe Line Pipe Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Seamless
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2.1.2 Welded
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2.1.2.1 LSAW
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2.1.2.2 HSAW
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2.1.2.3 HFW
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2.1.2.4 ERW
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2.2 Mateial
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2.2.1 Stainless Steel
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2.2.2 Carbon Steel
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2.2.3 Others
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2.3 End Use
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2.3.1 Oil and Gas
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2.3.2 Water treatment
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2.3.3 Chemical Industry
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2.3.4 Others
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 Norway
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2.4.4 Rest of Europe
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Europe Line Pipe Market Size 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.
