India's Pipe Giants Tap Global Energy Boom

India's pipe sector is poised for significant growth, with oil and gas driving demand for Submerged Arc Welded (SAW) pipes. This crucial component accounts for approximately 55% of SAW pipe demand. Water transmission projects, including desalination and infrastructure upgrades, represent another substantial market.

The global SAW line pipe market is anticipated to expand from $12.8 billion in 2025 to $21.4 billion by 2034. The Middle East, particularly Saudi Arabia, is emerging as a critical demand center for oil and gas pipelines, alongside significant investments in water transmission and desalination.

Indian manufacturers like Jindal Saw and Man Industries are strategically expanding their presence. Jindal Saw is increasing its global ductile iron and welded pipe capacity, including new facilities in Abu Dhabi and Saudi Arabia by FY29. Man Industries acquired National Pipe Company in Saudi Arabia, enhancing its capacity and access to the region's large projects.

Despite a recent Q1FY27 profit slump for Jindal Saw, impacted by regional conflicts and domestic water sector delays, both companies are leveraging global opportunities. Man Industries reported strong Q1FY27 performance with significant revenue growth and a substantial order book, anticipating further gains from its Saudi acquisition and upcoming stainless steel facilities by March 2027.