Offshore Spiral Pipe
06.20
Spiral welded pipes market, though
encountering overcapacity conditions particularly in North America, is expected
to witness steady growth in the upcoming years driven by the implementation of
new pipeline projects. Investments in oil and gas exploration and production,
which are influenced by prevailing crude oil & gas prices, have a
considerable impact on the demand for spiral welded pipes and tubes. Resurgent
world economy and consequent increase in the demand for industrial natural gas
is expected to drive up momentum of the spiral welded pipes market.
Global demand for spiral welded pipes,
which are primarily used in the transportation of oil and gas and in water
transportation projects, is closely linked to the investments in the energy
sector. The energy sector makes use of spiral welded pipes with diameters of up
to 60” and up to 80 feet in length. Another factor that is expected to fuel
demand for spiral pipes and tubes is new pipeline construction activity due to
the shift of population from traditional centers that would necessitate
development of infrastructure for delivering oil and natural gas to the new
locations. Demand for spiral welded pipes is also expected from the replacement
market, as most of the existing pipeline infrastructure, particularly in
developed regions, has reached their end of useful life. Structural
applications of spiral welded pipes are also gaining momentum, specifically with
additional activity occurring in port, offshore loading and infrastructure
improvement sectors.
As stated by the new market research
report on Spiral Welded Pipes and Tubes, Asia-Pacific represents the largest
market worldwide, driven primarily by increased use in transporting natural
gas. Besides Asia-Pacific, Latin America ranks among the fastest growing
regional markets with compounded annual growth rate ranging between 7.5% and
9.0% over the review period. North American market, on the other hand, is encountering
testing times owing to weak demand and overcapacity conditions. Oversupply is
the major concern for spiral welded pipes market particularly with regard to
large diameter double submerged arc welded or DSAW line pipes, which finds use
in transmitting oil, natural gas liquids, and natural gas to consumers from
drilling locations.
Despite the prevailing conditions,
potential opportunities are expected primarily from the implementation of new
pipeline projects in the upcoming years, resurgent growth of the US economy,
and increased demand from natural gas exploration operations. Also,
overcapacity conditions are expected to fade away in the coming years, as
several megaprojects are set to be taken up across the world, particularly in
regions such as Southeast Asia, Australia, Middle East, Africa, and West Asia.
Replacement of aging infrastructure
offers huge potential for pipe manufacturers. The need to replace old pipelines
is particular high in the US and Russia, where pipeline networks were mostly
installed during the 60s and 70s. With the average lifespan of oil and gas
transportation pipes ranging between 25 and 30 years, opportunities in the
replacement market are huge, particularly for HSAW pipes. In the US,
replacement demand holds enormous potential as a result of the recent enactment
of the legislation that necessitates more inspections to be carried out, which
could increase the likelihood of pipeline replacements. The Act is likely to
play a critical role in enabling manufacturers of large diameter line pipes to
survive the tough economic and overcapacity conditions.
Sumber:
(http://www.prweb.com/releases/spiral_welded_pipes_tubes/DSAW_HSAW_pipes/prweb10402550.htm)
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