Refined Petroleum Products Pipeline Transport Market Report 2025

The refined petroleum products pipeline transport market size has grown strongly in recent years. It will grow from $55.71 billion in 2024 to $59.2 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to energy demand growth, infrastructure development, stability in oil prices, geopolitical stability, consumer demand patterns.

The refined petroleum products pipeline transport market size is expected to see strong growth in the next few years. It will grow to $74.76 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to continued energy demand growth, sustainable transportation practices, modernization of pipeline infrastructure, renewable energy transition, adoption of digital solutions. Major trends in the forecast period include digitalization of pipeline operations, sustainable pipeline practices, investment in pipeline infrastructure, remote monitoring and control, focus on cybersecurity.

The growing demand for oil and gas is expected to drive the expansion of the refined petroleum products pipeline transport market in the future. Oil and gas, commonly referred to as hydrocarbons, are naturally occurring resources used in various industries such as transportation fuels, insulation, and automation. Pipeline transportation is a widely used method to move refined petroleum products from nearby or distant oil wells to oil tankers, as it is secure and requires minimal maintenance. For example, in September 2022, the International Energy Agency (IEA), a France-based intergovernmental autonomous organization, reported in its Oil 2022 report that global demand for oil and gas increased by 3.2 million barrels per day in 2022, surpassing the estimated 2.5 million barrels per day increase in 2021. Furthermore, in March 2023, according to the IEA's short-term energy outlook report, U.S. crude oil production was projected to reach 11.7 million barrels per day in 2022 and 12.4 million barrels per day in 2023, surpassing the record high set in 2019. As a result, the increasing demand for oil and gas is fueling the growth of the refined petroleum products pipeline transport market.

The escalating global demand for energy is expected to be a driving factor for the refined petroleum products pipeline transport market in the foreseeable future. Energy, denoting the capacity to perform work, relies significantly on the efficient and secure movement of various petroleum products from refineries to end-users facilitated by refined petroleum products pipeline transport. According to the Energy Information Administration's report in August 2023, the U.S. produced 102.92 quads of energy in 2022, surpassing the 100.41 quads of energy used. Coal, natural gas, and petroleum accounted for approximately 81% of the primary energy generated in the United States in 2022. Hence, the mounting global demand for energy is expected to contribute to the refined petroleum products pipeline transport market's growth.

Technological advancement is emerging as a significant trend in the refined petroleum products pipeline transport market. Leading companies in this market are focusing on developing innovative technologies to enhance their market position. For example, in August 2024, ArcelorMittal, a Luxembourg-based steel and mining company, introduced HyMatch® steel, designed specifically for the construction of hydrogen pipelines and engineered to withstand the high-pressure transport of pure hydrogen. The steel grades in the HyMatch® product line feature a fine and uniform microstructure, ensuring exceptional cleanliness and reducing the risk of hydrogen embrittlement. This makes HyMatch® an ideal solution for the growing hydrogen infrastructure, supporting the energy transition and aligning with the European Union's ambitious goals for renewable hydrogen production.

Major companies are forging joint ventures to gain a competitive edge. A joint venture involves multiple parties combining their resources and efforts for a specific project or business activity, sharing both risks and rewards. For example, in July 2023, Kinder Morgan Tejas Pipeline LLC entered a joint venture with Howard Energy Partners to expand their Eagle Ford natural gas transportation systems, encompassing over 120 miles of new large-diameter pipelines.

In January 2023, Targa Resources Corp., a U.S.-based midstream energy company, acquired the Grand Prix NGL Pipeline from Blackstone Energy Partners for $1.05 billion USD. This acquisition aims to strengthen Targa Resources Corp.'s midstream operations by securing full ownership of the Grand Prix NGL Pipeline, thereby increasing transportation capacity for natural gas liquids to Mont Belvieu. This strategic move aligns with Targa's growth plans in key energy markets. Blackstone Energy Partners, a U.S.-based investment firm, focuses on investments in the energy sector, including oil, gas, and energy-related infrastructure.

Major companies operating in the refined petroleum products pipeline transport market include Kinder Morgan, Enbridge Inc., TransCanada Corporation, Williams Companies, Plains All American Pipeline, Magellan Midstream Partners, Buckeye Partners, Valero Energy Corporation, Phillips 66, Enterprise Products Partners, ONEOK Inc., Energy Transfer LP, Colonial Pipeline Company, NuStar Energy L.P., Western Refining, Targa Resources, Vitol Group, Vopak, PBF Energy, TotalEnergies SE, Sunoco LP, Southcross Energy Partners, Cheniere Energy Inc.

North America was the largest region in the refined petroleum products pipeline transport market in 2024. The regions covered in the refined petroleum products pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the refined petroleum products pipeline transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Refined petroleum products pipeline transport is the movement of refined petroleum products, including gasoline and diesel, through a network of pipelines. This method utilizes a network of pipelines to convey these products from refineries to distribution centers and ultimately to end-users, such as retail gas stations and industrial consumers.

The primary types of refined petroleum products transported via pipelines include diesel, gasoline, fuel oils, and kerosene. Diesel, a liquid fuel derived from crude oil, is commonly used as fuel for heavy-duty vehicles such as trucks, buses, and trains, owing to its superior fuel efficiency and durability. Additionally, services such as consulting, managed services, and maintenance and support services are provided for various onshore and offshore applications.

The refined petroleum products pipeline transport market research report is one of a series of new reports that provides refined petroleum products pipeline transport market statistics, including refined petroleum products pipeline transport industry global market size, regional shares, competitors with a refined petroleum products pipeline transport market share, detailed refined petroleum products pipeline transport market segments, market trends and opportunities, and any further data you may need to thrive in the refined petroleum products pipeline transport industry. This refined petroleum products pipeline transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The refined petroleum products pipeline transport market consists of revenues earned by entities by providing various pipeline transport services to customers, such as storage, blending, testing and inspection, maintenance, consulting, and related support services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.