Energia
Expanding Influence of Virtual Pipeline Systems Market across Varied Applications to Paint Strokes of Growth during Tenure of 2019-2027: TMR
ALBANY, N.Y. , Dec. 10, 2020 /PRNewswire/ --The emergence of virtual pipeline systems as a great technique to transport natural gas from a place to another place where technical and economical viability is scarce has resulted in exponential growth. Thus, the growing influence of virtual pipeline systems as a feasible alternative to conventional pipelines will invite tremendous growth prospects.
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Virtual pipeline systems are modular systems for transporting natural gas to remote areas where the network of conventional pipelines is poor. It is based on a modular system of liquefaction or compression. The gas in the virtual pipeline systems can be transported by diverse modes such as water, land, or railways.
As per the researchers at Transparency Market Research (TMR), the global virtual pipeline systems market is expected to record a CAGR of 6.5 percent across the assessment period of 2019-2027. The global virtual pipeline systems market is expected to rise from US$ 1205.0 mn in 2018 to US$ 2,123.9 mn by the end of 2027.
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Notable investments in the virtual pipeline systems industry and the rising need for a reliable and flexible pipeline system may invite promising growth for the global virtual pipeline systems market between 2019 and 2027.
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The focus of diverse countries across the world to reduce harmful emissions will bring promising growth opportunities for the virtual pipeline systems market. For instance, Petronas recently started using virtual pipeline systems in Malaysia to comply with the Malaysian Clean Air Regulation Act. These developments bring promising growth for the virtual pipeline systems market.
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Chemicals and Materials
Offshore Corrosion Protection Market - The global offshore corrosion protection market was valued at US$ 9.5 Bn in 2019 and is anticipated to expand at a CAGR of ~3% during the forecast period. Based on technology, the cathodic protection segment dominated the global offshore corrosion protection market in 2019. Cathodic protection is a highly effective method to prevent corrosion of metal surfaces. It consists of two sub-types: sacrificial anode cathodic protection and impressed current cathodic protection. Impressed current cathodic protection is a lucrative sub-segment of the global offshore corrosion protection market. In terms of application, the pipelines segment accounted for leading share of the global offshore corrosion protection market in 2019. This can be primarily ascribed to the increase in investments in the global oil & gas sector. Pipelines are laid on the seabed or subsea. Hence, they are susceptible to rapid corrosion due to environmental conditions. Pipelines is also likely to be a highly attractive segment of the global offshore corrosion protection market during the forecast period.
Specialty Silica Market - The increase in usage of specialty silica in the manufacture of tires is expected to drive the global specialty silica market during the forecast period. Specialty silica is being aggressively adopted by tire manufacturers as a reinforcement filler. It offers higher reinforcing ability and improves fuel efficiency due to stringent environmental norms. The rise in the demand for green tires is anticipated to boost the global specialty silica market during the forecast period, as the tire application segment accounts for the majority of consumption of specialty silica. Specialty silica products are versatile raw materials for cosmetics and personal care applications. They increase the viscosity of oils and emulsions, thus improving the stability and structure of creams, lipsticks, lotions, and make-up preparations.
HDPE Pipes Market - HDPE pipes are extensively used in the sewage and drainage systems. The increase in public and private investment in construction and infrastructure sectors is expected to drive the demand for HDPE pipes in various water supply and drainage applications in the near future. The rise in usage of HDPE pipes in water and wastewater treatment industries is also anticipated to offer lucrative opportunities for the HDPE pipes market in the near future. HDPE pipes are highly moldable and sustain high-pressure water flows. They are used to house underground water systems; plumbing, drainage, and sewage infrastructure; and farm irrigation systems. Low cost and easy installation of HDPE pipes are major factors driving the demand for HDPE pipes in residential, commercial, and agriculture sectors for water distribution. The demand for HDPE pipes has been increasing significantly since the past few years, owing to the replacement of traditional metal pipes with HDPE pipes.
Oil Spill Management Market - The report segments the global oil spill management market in terms of product type, technology, and geography. On the basis of type, the market is segmented into onshore spill management and offshore spill management. On the basis of technology, the oil spill management market is segmented into pre-oil spill and post-oil spill. Pre-oil spill management includes double hulling, blowout preventers, and pipeline leak detection. On the other hand, the post-oil spill management segment includes mechanical, physical, and chemical and biological methods intended to minimize the effects of the oil spill. Pre-oil spill management comprises technologies for preventing oil spills, whereas the post-oil spill management includes various methods utilized to clean, manage, and contain an oil spillage.
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