Surge in Oil and Gas Exploration & Production Activity to Stimulate Demand for Large Diameter Steel Pipes, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Large Diameter Steel Pipes markets. Buoyed by growing demand for line pipes in onshore and offshore oil & gas pipeline projects, the global market for Large Diameter Steel Pipes is forecast to reach 20.9 million metric tons by 2018.

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Large Diameter Steel Pipes: A Global Strategic Business Report

San Jose, CA (PRWEB) January 13, 2014

Follow us on LinkedIn – Large diameter pipes (LDP) are the most preferred mode of transmission for fluids and gases in the oil, natural gas, infrastructure and energy industries. Large diameter pipes dominate the steel pipes market owing to key features such as superior resilience to harsh environments and high tolerance for extreme pressure. Over the past decade, the oil and gas industry has undergone several structural changes in location and production metrics that has altered the regional demand for large diameter pipes. Non-conventional oil and gas resources such as shale gas, and strong economic growth in Asia are key forces driving demand for newer pipelines. Ageing of pipeline infrastructure and the need to replace old pipelines, particularly in developed economies, also hold opportunities for growth. With the demand for fuel on rise across the world, there exists enormous potential for offshore drilling projects. Deepwater and ultra-deepwater projects are in fact expected to emerge as a major contributor to the overall oil and gas production in the long run. North America, Africa and Latin America are expected to account for a dominant share of this increase in production from deepwater wells.

The coming years are forecast to witness strong demand for high strength large diameter pipes, as increased emphasis is laid on pipeline project cost reduction. Faced with tough competition from plastic, as well as steel’s well documented weaknesses such as weight and corrosive properties, steel pipe manufacturers are continuing to innovate. Technological advances in steel pipe manufacturing are expected to lower steel’s vulnerability to corrosion and offer longer functional life.

As stated by the new market research report on Large Diameter Steel Pipes, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market led by escalating demand for energy and growing investments in oil pipeline infrastructure in countries such as China and India. Numerous pipeline projects across Europe to transport oil and gas from former Soviet Union countries is helping drive demand for large diameter pipes in Europe. Russia is also expected to post strong growth as a result of several key projects. Demand in North America is predominantly attributed to the boom in the shale gas industry. Another area of opportunity is in pipeline integrity programs due to the adoption of federal regulations that require pipeline owners to put greater emphasis on inspection and repair of pipelines on a frequent basis. Opportunities are also envisioned from the Middle East region, specifically Saudi Arabia and the UAE which are witnessing favorable economic prospects.

Longitudinal Submerged Arc Weld (LSAW) pipes represents the largest segment of the global large diameter steel pipes market. Helically submerged arc welded HSAW pipes represents the fastest growing segment. HSAW pipes are preferred over LSAW pipes in pipeline projects involving high pressure conditions. Growth in the segment is primarily attributed to advantages such as lower cost, more versatility, and wider product range.

Major players covered in the report include ArcelorMittal SA, Bergrohr GmbH, ChelPipe, EUROPIPE GmbH, EVRAZ North America, Jindal SAW Ltd., Nippon Steel & Sumitomo Metal Corporation , OAO TMK, Tenaris S.A., United States Steel Corporation, and Welspun Corp among others.

The research report titled “Large Diameter Steel Pipes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America and Rest of World. Global and regional markets are analyzed in tons by product segments, such as, Longitudinal Submerged Arc Weld [LSAW] and Helically submerged arc welded (HSAW) large diameter steel pipes.

For more details about this comprehensive market research report, please visit http://www.strategyr.com/Large_Diameter_Steel_Pipes_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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