A study from the Freedonia Group by industry analyst Matt Zielenski projects steel oil and gas pipe demand to increase 7.6% annually through 2018, reaching $26.8 billion. The 366-page study also provides a comparison of pipe demand from 2003 to 2008 and 2013. As noted in the report, the demand for oil and gas pipe rose nearly fivefold between 2003 and 2008, driven by sharp increases in U.S. oil and gas drilling activity and higher energy prices. Moreover, increasing use of horizontal drilling and hydraulic fracturing technologies revolutionized the oil and gas industry.
展开▼
