According to our latest study on " Pipe Relining Market Forecast to 2030 - by Type and End-user," the market is expected to grow from US$ 8,499.51 million in 2022 to US$ 12,761.26 million by 2030; it is anticipated to record at a CAGR of 5.2% from 2022 to 2030.

Furthermore, other solution types, such as pull-in-place, pipe bursting, and internal pipe coating, have witnessed notable adoption across different industry verticals over the years. A substantial number of companies operate in the global pipeline market, with a notable number of companies with a regional focus. However, a selected number of companies, such as Roto-Rooter Group, Inc., Nu Flow Corporate, and Aegion Corporation, have a prominent global presence with strong regional presence and market competencies.

Factors such as a rise in the number of aging pipeline infrastructures, growing stringent leakage and damage-related regulations by numerous government organizations, and safety standard regulatory agencies have a profound influence on the growth of the market. Furthermore, the growing demand from various end users such as oil & gas, chemicals, municipal, industrial, and water treatment continues to provide steady business opportunities, subsequently propelling the market growth. In 2020, the oil industry accounted for around 3% of the global domestic product, and crude oil trade was valued at around US$ 640 billion in 2020, making it the most traded commodity. The oil & gas industry attracted around US$ 511 billion in investments in 2020. In addition, the rising awareness of the harmful consequences of pipeline oil & gas pipeline leakage among individuals is pushing the demand for more frequent pipe relining. The Middle East & Africa has the largest oil and gas transmission pipelines, which are valued at US$ 25.3 billion. Currently, there are more than 4,400 km of pipelines are under construction with an investment of US$ 14.4 billion.

Chinese oil companies have planned 8,972 km of pipelines from Xinjiang to Guangdong to Zhejiang. The West African Gas Pipeline Extension was planned to be around 5,600 km long, owned by NNPC and others, connecting Nigeria to Morocco. Canada also planned Prosperity Project Oil and Gas Pipelines with a length of 4,500 km, owned and operated by the Canadian Prosperity Pipeline Project. However, the limited awareness, coupled with a lack of government policies that enforce rigorous pipeline inspection and maintenance, continues to limit the market growth across selected emerging economies in Africa and Asian regions.

Key Findings of Market Study:

Presently, a notable number of market players operating in the global pipe relining market offer a broad range of pipe relining-based services, including niche business offerings for their customers. As a result, the global pipe relining market is broadly segmented into solution type, end user, and geography. Based on solution type, the pipe relining market is further divided into cured-in-place pipe, pull-in-place, pipe bursting, and internal pipe coating. The cured-in-place pipe segment is further bifurcated into liner or longer repairs and patch or spot repairs. In terms of end user, the market is broadly divided into oil & gas, chemical, municipal, and others. Geographically, the pipe relining market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa), and South America (Brazil, Argentina, and the Rest of South America).

The pipe relining market forecast can help stakeholders plan their growth strategies. Advanced Trenchless Inc., Roto-Rooter Group Inc., Silverlining Holding Corporation, Nu Flow Corporate, Perma-Liner Industries LLC, RPB Inc, Specialized Pipe Technologies, Pipe Restoration Solutions, and Aegion Corporation are among the prominent players profiled in the pipe relining market report. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the pipe relining market. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand.




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