Market Size of Middle-East Oil And Gas Line Pipe Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.50 Billion |
| Market Size (2029) | USD 6.73 Billion |
| CAGR (2024 - 2029) | 4.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East Oil and Gas Line Pipe Market Analysis
The Middle-East Oil And Gas Line Pipe Market size is estimated at USD 5.5 billion in 2024, and is expected to reach USD 6.73 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).
The COVID-19 outbreak in Q1 of 2020 had delayed pipeline projects due to imposed lockdown restrictions. Also, it led to a decrease in gas demand due to the decline in electricity consumption, and travel restrictions also negatively affected oil consumption. Factors such as increasing development of gas infrastructure, growing investments, and increasing capacity of desalination plants are expected to drive the market during the forecast period. However, the high volatility of crude oil prices is expected to hinder market growth.
- The seamless type segment is expected to witness significant growth 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 the line pipe industry to grow more.
- Saudi Arabia is expected to dominate the Middle East oil and gas line pipe market during the forecast period.
Middle-East Oil and Gas Line Pipe Industry Segmentation
Line pipe is a form of steel pipe that is used to move goods across the country via pipelines. Petroleum, natural gas, oil, and water can all be transported via line pipes. Line pipes are connected together to form a pipeline.
The market is segmented by type and geography. By type, the market is segmented into seamless and welded. The report also covers the market size and forecasts for the Middle-East Oil and Gas Line Pipe Market across the major countries in the region. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
| Type | |
| Seamless | |
| Welded |
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| Rest of Middle East |
Middle-East Oil And Gas Line Pipe Market Size Summary
The Middle-East oil and gas line pipe market is poised for growth, driven by increasing investments in gas infrastructure and the expansion of desalination plants. The market is expected to experience a steady rise over the forecast period, despite challenges such as the high volatility of crude oil prices. The seamless line pipe segment is anticipated to see significant growth due to its advantages in high-pressure applications, making it suitable for the oil and gas midstream sector and refineries. The region's robust production of crude oil and natural gas, coupled with ongoing offshore exploration projects, presents lucrative opportunities for market players. Saudi Arabia is expected to lead the market, supported by its substantial crude oil and natural gas production capabilities, as well as its strategic projects aimed at enhancing pipeline infrastructure.
Saudi Arabia's dominance in the Middle-East oil and gas line pipe market is further bolstered by its plans to exploit unconventional gas reserves and expand its refining capacity. The country's initiatives, such as the joint oil-to-chemicals project by Saudi Aramco and SABIC, are set to drive demand for line pipes. Additionally, significant projects like the Master Gas III project highlight the increasing need for pipeline infrastructure to support gas transportation. The market is moderately fragmented, with key players including Arabian Pipes Company, Rezayat Group, EEW Group, Sumitomo Corporation, and Vallourec SA, all contributing to the competitive landscape. As the region continues to invest in pipeline projects, the demand for oil and gas line pipes is expected to grow, reinforcing Saudi Arabia's leading position in the market.
Middle-East Oil And Gas 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 2028
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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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2.2 Geography
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2.2.1 United Arab Emirates
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2.2.2 Saudi Arabia
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2.2.3 Rest of Middle East
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Middle-East Oil And Gas Line Pipe Market Size FAQs
How big is the Middle-East Oil And Gas Line Pipe Market?
The Middle-East Oil And Gas Line Pipe Market size is expected to reach USD 5.50 billion in 2024 and grow at a CAGR of 4.12% to reach USD 6.73 billion by 2029.
What is the current Middle-East Oil And Gas Line Pipe Market size?
In 2024, the Middle-East Oil And Gas Line Pipe Market size is expected to reach USD 5.50 billion.
