Refined Petroleum Pipelines Industry Profile

Companies in this industry operate pipeline networks for transporting refined petroleum products. Major companies include Buckeye Partners, Kinder Morgan, Koch Industries, and Magellan Midstream Partners (all based in the US), along with China National Petroleum Corporation (China), Saudi Aramco (Saudi Arabia), TC Energy (Canada), and Transneft (Russia).

The global refined petroleum products market is forecast to reach about $3 trillion in 2027 at a compound annual growth rate (CAGR) of 2.7%, according to the Business Research Company. Asia Pacific was the largest region in the refined petroleum products markets in 2023. Western Europe was the second largest region in the global petroleum products market.

The US refined petroleum pipeline industry includes about 650 establishments (single-location companies and units of multi-location companies) with annual revenue of about $9 billion.

Transportation of crude oil is covered in the Crude Petroleum Pipelines profile. Refining of crude oil is covered in the Petroleum Refining profile. Recovery of crude oil from wells is covered in the Oil & Gas Exploration & Production industry profile.

COMPETITIVE LANDSCAPE

Demand is driven by economic activity and population growth, which drive energy use. The profitability of pipeline transporters depends largely on the volume and efficiency of their operations. Companies that operate multiple pipeline networks may enjoy economies of scale in purchasing. The US industry is highly concentrated: the 20 largest companies account for over 95% of revenue.