WH: Oil and gas pipes market examined in new market research report
With the intensification in the oil and gas pipeline infrastructure, the demand for pipes is growing incessantly. Oil and gas pipelines are used for a wide range of applications, such as distribution, line pipe, and oil country tubular goods (OCTG).
Escalating crude oil production in conjunction with growing deep drilling operations is likely to catalyze the growth of the oil and gas pipelines market.
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On the basis of types, the global oil and gas pipes market is segmented into: Steel pipes, plastic pipes, and others. Steel pipes, the largest segment of oil and gas pipes, accounted for over 80% of the total market in 2013.
The steel oil and gas pipes market is further segmented into welded, seamless and fittings pipes. Welded pipes are the largest segment of the steel pipe market and are further categorized into electric resistance welded (ERW) and longitudinal submerged arc welded pipes.
Seamless pipes are the fastest-growing segment of steel pipes and its market share is projected to surpass that of the welded pipe segment by the end of 2022.