Pipeline Construction Market

Pipeline Construction Market Research, 2031

The global pipeline construction market size was valued at $45.7 billion in 2021, and is projected to reach $73.1 billion by 2030, growing at a CAGR of 4.8% from 2022 to 2030. Pipeline construction is a system to transport liquid, gas and water and wastewater from one place to another. It is a process of laying pipes for their intended use. Pipelines are divided into two types: liquid and gaseous. Both pipes are built in the same way. It is a method to carry fluids such as oil & gas, water and others to transport from one place to another. It has applications in the chemical and energy end users.

The COVID 19 outbreak has affected the growth of the pipeline construction industry owing to the lockdown measure in different countries and delay in manufacturing and production of pipeline.

The surge in energy consumption for diverse industries has been induced by the growth in population in metropolitan areas due to migration. Boosted urbanization and industrialization have increased demand for power as well as for oil, gas, and coal. Because renewable energy is still in its early phases of development in many regions of the world, the majority of power is generated using traditional fuels such as oil, gas, and coal. Moreover, increase in government investment in oil & gas refinery project is projected to cater to the growth of the market. For instance, in August 2020, German government invested around $100.8 million on a hydrogen electrolysis project at oil refinery project in Hamburg. Pipelines are necessary to transfer these fuels across vast distances, since they are the most cost-effective mode of transport. Increased offshore exploration efforts have resulted in a boom in pipeline infrastructure development, because to high energy demand and is expected to boost the demand for the market in the forecast period.

The metallic segment is anticipated to dominant the market, exhibiting the highest CAGR of 5.8% during the forecast period. An increase in urbanization in emerging countries such as Germany, France, and the U.S. propels the growth of the market globally. Moreover, benefits associated with metallic such as high strength, convenient interface, large internal pressure, smooth internal surface and good hydraulic condition, which fuels the adoption of metallic in end user verticals, boost the growth of the pipeline construction market.

Furthermore, the adoption of stainless-steel pipe, alloy steel and metal is on the rise, owing to its features such as hardness, corrosion control, and able to work under high temperature. Major players are offering stainless steel pipes for application. For instance, Prosaic Steel and Alloys offered ASTM A123 stainless steel pipe. It is used in heat exchangers plates, sheet, and steel boiler. It is available in size from 12” and 24”. The pipe has a diameter from 3.2 mm to 127 mm. All instances are anticipated to cater to the growth of the pipeline construction market.

The oil and gas pipeline segment is anticipated to dominant the market and is anticipated to exhibit the highest CAGR of 5.1% during the forecast period. An increase in construction related activities and oil & gas refineries projects globally, which in turn, rise in demand for liquid, boost the pipeline construction market growth.

The COVID-19 pandemic forced many companies in the global market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the  market and the market is anticipated to witness a slow recovery during the forecast period.

By region, the pipeline construction market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share in 2021, and growing with a CAGR of 5.6% throughout the forecast period.

The pipeline construction market is segmented into pipe type, application, end-user and region. By pipe type, the market is categorized into metallic and non-metallic. In 2021, the metallic segment dominated the global market, in terms of revenue. On the basis of application, the market is fragmented into liquid pipeline and gas pipeline. The gas pipeline is anticipated to dominate the global market in 2021. On the basis of end-user, the pipeline market is categorized into oil & gas, water and wastewater, chemical, energy and others. The oil & gas segment dominated the pipeline construction market. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is expected to hold the highest market share during the forecast period.

Competition Analysis

The key players profiled in the market report include Metal Forge India, Prosaic Steel and Alloys, Forterra Inc., Cogbill Construction LLC, CCI Leidingsystemen B.V, Yena Engineering B.V., Enka Insaat Ve Sanayi, Larsen & Turbo Limited, Seonghwa Industrial Co Ltd, Sung Il Sim Co. Ltd. Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the pipeline construction market opportunity.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global pipeline construction market trends and dynamics. 
• In-depth market analysis is conducted by the global pipeline construction market estimations for key market segments between 2021 and 2031.
• The global pipeline construction market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global pipeline construction market forecast analysis from 2022 to 2031 is included in the report.
• The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global pipeline construction industry.

 Pipeline Construction Market Report Highlights