Global Oil and Gas Composites Market is Expected to Reach a Market Value of USD 2.68 billion by 2027

Oil And Gas Composites Market is estimated to grow at 5.10% for 2020-2027 with factors such as easy availability of alternatives along with high cost of production which will hinder the growth of the market in emerging economies.

Oil and gas composites market has shown an exceptional penetration in developing economies in Asia-Pacific. Increasing awareness among the people regarding the benefits of oil and gas composites along with rising number of partnerships and acquisitions which will help in driving the growth of the market.

Oil and Gas Composites Market Scenario

According to Data Bridge Market Research the oil and gas composites market is attaining a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as increasing demand of lightweight as well as non-corrosive material, rising demand due to low maintenance of composites, growing awareness among the people regarding the advantages such as high corrosion resistance which will help in boosting the growth of the market. 

Now the question is which are the other regions that the oil and gas composites market is targeting? Data Bridge Market Research has estimated a large growth in North America oil and gas composites market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the oil and gas composites market.

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Oil and Gas Composites Market Development in 2019

  • In March 2019, Aker Solutions announced the acquisition of Airborne Oil & Gas which is specialized in the manufacturing of thermoplastic composite pipes. This acquisition help to increase the strength as well as diversify their product portfolio by providing advanced TCP solutions.

Scope of the Oil and Gas Composites Market

Oil and gas composites market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

All country based analysis of the oil and gas composites market is further analyzed based on maximum granularity into further segmentation. On the basis of resin type, the market is segmented into epoxy, polyester, phenolic, and others. Based on fiber type, the market is segmented into glass fiber, and carbon fiber. Based on product type, the market is segmented into glass reinforced plastics, glass reinforced epoxy resin, glass reinforced vinyl ester, and reinforced thermoplastic. The applications covered for the report are piping system, grinds/grating, flexible tubes, composite risers, caissons & pull tubes, top side applications, pipes, and others.

Composites are the type of material which is used in various industries such as oil and gas industry, due to their lightweight, high resistance as well as increasing operation pressure property it is widely demanded. Composites have various applications in flexible tubes, top side applications, caissons & pull tubes, grinds/grating, and others.

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Key Pointers Covered in the Oil and Gas Composites Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Airborne Oil & Gas
  • Magma Structures
  • National Oilwell Varco
  • Halliburton
  • Strongwell Corporation
  • Enduro
  • Shawcor Ltd
  • Solent Composite Solutions Limited
  • CIP Composites
  • Forum Energy Technologies, Inc

Above are the key players covered in the report, to know about more and exhaustive list of Oil and Gas Composites companies contact us

Research Methodology: Global Oil and Gas Composites Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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