Offshore Spiral Pipe

Spiral welded pipes market, though encountering overcapacity conditions particularly in North America, is expected to witness steady growth...

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)

You Might Also Like

0 komentar

Flickr Images