Offshore Pipeline Market Set for Rapid Growth During 2023-2028 The offshore pipeline market was estimated at USD 14.5 billion in 2022 and is likely to grow at a CAGR of 4.72% during 2023-2028 to reach USD 19.17 billion in 2028. This unprecedented growth of the offshore pipeline market is attributed to the escalating demand for crude oil and natural gas, especially from the Asia Pacific region, and mounting claims for economical, safe, and reliable connectivity. What are offshore pipelines? Offshore pipelines are used on the seabed or inside the trench to transport oil & gas. These pipelines are mostly made of carbon steel and vary from 3 inches to 72 inches from gas lines for high-capacity lines. The offshore pipeline inside the wall carries seawater or corrosive substances, it is coated with materials such as epoxy and polyurethane. Read More: https://www.stratviewresearch.com/1276/offshore-pipeline-market.html