In 2023, the volume of refined products transported via pipelines in the US stood at approximately 564 million metric tons. Forecasted data for 2024 through 2028 indicates a steady increase in volume, reaching 577.77 million metric tons by 2028. The year-on-year growth is consistent at around 0.5%, showing a stable and positive trend. The compound annual growth rate (CAGR) from 2024 to 2028 is moderate, reflecting a gradual expansion in capacity or demand for pipeline transport of refined products.
Future trends to watch for include:
- Technological advancements in pipeline efficiency and safety.
- Regulatory changes impacting pipeline operations and capacity.
- Shifts in domestic energy production and consumption patterns.
- Emergence of alternative fuel sources affecting demand for traditional refined products.