Seamless Type Segment to Witness a Significant Growth
. Seamless line pipes are small parts of a long pipeline manufactured or made after heating and restructuring steel into round-shaped solid rods known as billets. These billets are further heated and then pierced by a bullet-shaped piercer, over which the steel gets stretched and takes the shape of a hollow pipe without having any seams on its surface.
. These types of line pipes are usually suitable for high-pressure applications such as in the oil and gas midstream sector, refineries, chemical industry, etc. Moreover, the general application of such line pipes depends on their thickness. Thus, high-pressure applications are required to have higher thickness.
Saudi Arabia to Dominate the Market
. Saudi Arabia also has the world's fifth-largest estimated shale gas reserve. Thus, it has great potential for the country to replicate North America's unconventional reserves development growth. The increasing exploitation of unconventional reserves is expected to drive the demand for line pipes in multiple gatherings and treatment stations.
. By 2028, Saudi Aramco plans to produce 0.65 bcm of natural gas per day and is expected to target unconventional gas reserves in North Arabia, the South Ghawar, and the Jafurah Basin, East of Ghawar.
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