The global offshore pipeline market is estimated to be valued at US$ 15.05 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: The offshore pipeline market has high growth potential due to increasing oil and gas exploration and production...
The Offshore Pipeline Market is experiencing notable shifts driven by key trends shaping the industry landscape. As the global energy demand continues to rise, particularly for cleaner fuels, offshore pipelines play a crucial role in transporting oil and gas from offshore production facilities to onshore refineries. One prominent trend is the increasing adoption of advanced pipeline...
Offshore Pipeline to Reach USD 20.31 Billion by 2031, Growing at a 4.01% CAGR Over the Forecast Period 2024-2031
The Offshore Pipeline Market is set to experience significant growth, with a valuation of USD 14.82 billion in 2023 projected to reach USD 20.31 billion by 2031, expanding at a compound annual growth rate (CAGR) of 4.01% over the forecast period 2024-2031. This robust...
The choice of material for an submarine pipeline is critical, as it must withstand both internal and external pressures. Carbon steel has traditionally been the most commonly used material due to its strength and cost-effectiveness. However, for ultra-deepwater projects, higher grade steel and corrosion-resistant alloys are often required.
High-strength steel offers greater collapse and...
Key Takeaways
Key players operating in the offshore pipeline market are Becton, Dickinson and Company, Pfizer Inc., Novo Nordisk A/S, Gerresheimer AG, B. Braun Medical Inc., Grifols S.A, Baxter International, Inc., Fresenius Kabi AG, Mylan N.V., Bayer AG, F. Hoffmann-La Roche AG, Farmoquimica S.A., Novartis International AG, Eli Lily and Company, União Química...
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