Europe Oil and Gas Line Pipe Market Report and Forecast 2025-2034

Europe Oil and Gas Line Pipe Market Outlook

The Europe oil and gas line pipe market size reached around USD 6.05 billion in 2024. The market is projected to grow at a CAGR of 4.2% between 2025 and 2034, reaching almost USD 8.76 billion by 2034.

Key Takeaways:

• The consumption of motor gasoline in the European Union increased by 6.3% y-o-y in 2022.

• The consumption of kerosene-type jet fuel recorded a y-o-y increase of 32.5% in 2022 in the EU.

• The United Kingdom is expected to constitute a major portion of the Europe oil and gas line pipe market share.

After the implementation of the REPowerEU plan in April 2022, the European Union witnessed a substantial increase in oil and gas imports from countries like Saudi Arabia, the United States, and Norway. In 2022, oil dependency of Europe recorded a 6.1% year-on-year increase in 2022 and became 97.6%.

The transport sector is a primary end-user of crude oil in the EU and plays a significant role in influencing commodity prices. A robust pipeline infrastructure for the transportation of oil and gas is essential for Europe as its petrochemical industry is largely reliant on imports. In 2022, the dependence of the transportation and petrochemical industry on imported fuels reached 97.6%. To maintain its robust economic growth, the development of energy infrastructure is essential. This is expected to propel the Europe oil and gas line pipe market expansion in the coming years.

The diversification of Europe’s energy mix to enhance its energy security and protect itself from external shocks is expected to make oil an important part of its overall strategy. Moreover, the grant of thousands of offshore oil drilling permits in the North Sea by the UK government is expected to drive the development of the oil and gas industry in Europe. This is expected to favour the Europe oil and gas line pipe market growth over the forecast period.

Market Segmentation

Europe Oil and gas Line Pipe Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Seamless

• Welded

• LSAW

• HSAW

• ERW

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

The key Europe oil and gas line pipe market players are JFE Holdings, Inc., Salzgitter AG, Tenaris S.A., Vallourec S.A., Sumitomo Corporation, Nippon Steel Corp., ArcelorMittal S.A., EVRAZ Plc, EEW Holding GmbH & Co. KG, and Cenergy Holdings S.A. (Corinth Paperworks), among others.

Key Highlights of the Report