Organic Chemical Pipeline Transportation in the US - Industry Market Research Report

Organic Chemical Pipeline Transportation in the US - Industry Market Research Report

  • October 2019 •
  • 34 pages •
  • Report ID: 1835267 •
  • Format: PDF
Running on fumes: Industry demand is expected to grow at a slower pace in line with crude oil production

Abstract

Organic Chemical Pipeline Transportation in the US
The Organic Chemical Pipeline Transportation industry grew moderately over the five years to 2019, despite rising domestic crude oil and natural gas production. Industry operators primarily transport carbon dioxide (CO2), which is commonly used to enhance oil well production rates; in fact, the use of natural gases, most often CO2, accounts for 60.6% of enhanced oil recovery production in the United States. According to the Energy Information Administration (EIA), the US oil and gas production increased over the five years to 2019, despite volatility in pricing for end products. The industry is anticipated to slowly but steadily grow over the five years to 2024. US crude oil production, according to EIA estimates, will grow at a slower annualized rate compared with the previous five-year period. Moreover, volatility in the price of crude oil moving forward could force operators to lower transportation rates, hurting the industry.

Operators in this industry provide pipeline transportation services for chemical products such as carbon dioxide and ammonia. Pipeline operators that transport crude oil, refined petroleum products, natural gas and natural gas liquids are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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