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.
