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Research and Markets: Europe Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Analysis

Research and Markets: Europe Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com
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The Europe offshore pipeline market is expected to grow from US$ 4,959.17 million in 2019 to US$ 6,612.02 million by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027.
Increasing demand for natural gas and crude oil drives the growth of the Europe offshore pipeline market. The markets in the UK and Germany are presenting the most considerable growth. The robust surge in petrochemical demand in Europe resulted in increased consumption. Rise in industrial production and high demand for trucking services boost the need for petrochemicals, thereby fueling the growth of the market across the region. Moreover, growing air traffic volumes across Europe is another factor increasing oil consumption. Europe is witnessing high demand for natural gas owing to rise in use of natural gas in diverse industr ....

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Middle East and Africa Offshore Pipeline Market Forecast to 2027: Improvements in Flexible Pipe Technology Gaining Momentum - ResearchAndMarkets.com

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The MEA offshore pipeline market is expected to grow from US$ 1,399.63 million in 2019 to US$ 1,680.77 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027.
Continuous improvements in flexible pipe technology accelerate the growth of the MEA offshore pipeline market. The offshore oil & gas industry for MEA region has been using flexible pipes since 1972. Since then, the demand for flexible pipes is steadily increasing and diversifying in recent years as operators are seeking operational efficiencies. Deeper water, higher pressure, higher temperatures, and aging infrastructure as well as complex chemistry build increasingly intense environments for the flexible pipe to resist. ....

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