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 Middle Eastern oil and gas pipeline market is moderately fragmented. The key players in the market (not in any particular order) include Arabian Pipes Company, Rezayat Group, EEW Group, Sumitomo Corporation, and Vallourec SA.
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