Global Oil and Gas Composites Market By Resin Type (Epoxy, Polyester, Phenolic, Others), Fiber Type (Glass Fiber, Carbon Fiber), Product Type (Glass Reinforced Plastics, Glass Reinforced Epoxy Resin, Glass Reinforced Vinyl Ester, Reinforced Thermoplastic), Application (Piping System, Grinds/Grating, Flexible Tubes, Composite Risers, Caissons & Pull Tubes, Top Side Applications, Pipes, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Oil and Gas Composites Market
Oil and gas composites market will reach an estimated valuation of USD 2.68 billion by 2027, while registering this growth at a rate of 5.10% for the forecast period of 2020 to 2027. Increasing demand for hydraulic fracturing is expected to create new opportunity for the market.
Growing demand for non- corrosive & light weight material from oil & gas industry is expected to drive the market growth. Some of the other factors such as low maintenance cost of composites, rising awareness about the advantages of corrosion such as high corrosion resistance, & lightweight, and growing demand for glass- fiber reinforced polymer composite in piping systems will accelerate the demand for the oil and gas composites market.
High production cost, volatility in the cost of oil & gas and availability of alternatives in the market will hamper the market growth.
This oil and gas composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research oil and gas composites market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oil and Gas Composites Market Scope and Market Size
Oil and gas composites market is segmented of the basis of resin type, fiber type, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the resin type, the oil and gas composites market is segmented into epoxy, polyester, phenolic and others such as polyethylene resins, polyamide resins, peek resins and vinyl ester resins.
- The fiber type segment of the oil and gas composites market is divided into glass fiber and carbon fiber. The carbon fiber segment is further divided into polyethylene resins, polyamide resins, PEEK resins and vinyl ester resins.
- On the basis of product type, the market is segmented into glass reinforced plastics, glass reinforced epoxy resin, glass reinforced vinyl ester and reinforced thermoplastic.
- The application segment of the oil and gas composites market is segmented into piping system, grinds/grating, flexible tubes, composite risers, caissons & pull tubes, top side applications, pipes, others such as frac plugs & frac balls, flexible tubes, composite riders, accumulators bottles and caissons. Top side applications segment is further divided into ladders, handrails, and decking. Pipes segment is divided into risers, jumpers and downline.
Oil and Gas Composites Market Country Level Analysis
Oil and gas composites market is analysed and market size, volume information is provided by resin type, fiber type, product type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia- Pacific is expected to grow at the highest CAGR for oil & gas composites market in the forecast period of 2020 to 2027. This is due to increasing awareness about the superior properties by the product and increasing partnerships & acquisitions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oil and Gas Composites Market Share Analysis
Oil and gas composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oil and gas composites market.
The major players covered in the oil and gas composites market report are Airborne Oil & Gas, GENERAL ELECTRIC, Magma Structures, National Oilwell Varco, VELLO NORDIC AS, Halliburton, Strongwell Corporation, Enduro, Shawcor Ltd, Solent Composite Solutions Limited, CIP Composites, Forum Energy Technologies, Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Oil and Gas Composites Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies.We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.