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

Global Oil and Gas Line Pipe Market Outlook

The global oil and gas line pipe market size reached around USD 47.10 billion in 2024. The market is projected to grow at a CAGR of 6.7% between 2025 and 2034, reaching almost USD 84.43 billion by 2034.

Key Takeaways

• The construction of oil and gas pipelines globally has recorded a y-o-y increase of 30% in 2023.

• In November 2023, 31,000 km of pipelines were under construction globally.

• Nearly 50% of all oil and gas line pipe projects under construction are situated in the Middle East and Africa.

The Middle East and Africa is expected to constitute a major portion of the global oil and gas line pipe market share in the forecast period. This is because the region is planning to invest $59.8 billion into the construction of a 10,800 km long oil and gas pipeline. This is driven by the increasing demand for energy from Europe.

The expansion of the oil production facilities in the Middle East is expected to propel the market growth. Currently, the region has 4,400 km of oil and gas line pipes worth $14.4 billion, with projects worth $25.3 billion under construction.

The  Asia Pacific is expected to emerge as a major market for oil and gas pipelines. This is because of increasing infrastructure development and the shift towards clean energy in developing countries. For instance, India has announced an investment worth $4.95 billion towards the construction of a new natural gas pipeline in its northeastern states apart from the northern state of Kashmir. This is part of its strategy to increase the usage of natural gas by 8.8% by 2030. This is expected to propel the global oil and gas line pipe market expansion in the forecast period.

Besides, technological innovations achieved through public-private partnerships are expected to play a critical role in propelling the market forward in the coming years.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Global 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 Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The key Global oil and gas line pipe market players are ArcelorMittal S.A., JFE Holdings, Inc., Tenaris S.A., Vallourec S.A., Sumitomo Corporation, Nippon Steel Corp., Arabian Pipes Company SJSC, Abu Dhabi Metal Pipes & Profiles Industries Complex LLC (ADPICO), Jindal Saw Limited, Salzgitter AG, EVRAZ Plc, EEW Holding GmbH & Co. KG, and Cenergy Holdings S.A. (Corinth Paperworks), among others.

Key Highlights of the Report