DUBLIN--(BUSINESS WIRE)--The "Trends, Opportunities and Competitive Analysis of Composites in the Oil And Gas Market" report has been added to ResearchAndMarkets.com's offering.
The market will witness recovery in the year 2021, and it is expected to reach an estimated $1.4 billion by 2026 with a CAGR of 6.5% from 2021 to 2026. The major drivers of growth for this market are increasing oil and gas drilling and exploration activities in future.
Emerging trends, which have a direct impact on the dynamics of the industry, are the emergence of introduction of carbon fiber for oil and gas applications and on-site construction of FRP pipes to any length and diameter which exclude transportation and installation cost. Owens corning, Jushi, CPIC, Nippon Electric Glass Co. Ltd., Huntsman, Hexion, and Olin Corporation are among the leading players of composites material in global oil and gas industry.
A total of 98 figures/charts and 62 tables are provided in this 194-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the composites in the global oil and gas industry report.
The study includes trends and forecast for the composites in the global oil and gas industry by end use industry, by product, and region as follows.
In this market, polyester, epoxy, phenolic, and polyethylene composites are the materials used to manufacture various composite parts for oil and gas industry. The analyst predicts that the demand for epoxy composites is expected to experience the highest growth in the forecast period, supported by its high performance characteristics such as low shrinkage, excellent adhesion, effective electrical insulation, high chemical, and solvent resistance properties.
Within the composites in the oil and gas industry, pipe application is expected to remain as the largest market by value and volume consumption and it is also expected to experience the highest growth in the forecast period. Increases in oil and gas production and exploration activity on both onshore and offshore production sites have increased the demand for pipes are the major driving forces that spur the growth for this segment over the forecast period.
North America is expected to remain the largest market due to growth in natural gas infrastructure projects, and awareness on the advantages of composite materials for oil and gas over traditional material.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2015 to 2026
3.1: Macroeconomic Trends and Forecasts
3.1.1: Macroeconomic Trends
3.1.2: Macroeconomic Forecast
3.2: Composites in the Global Oil and Gas Industry Trends and Forecast
3.3: Composites in the Global Oil and Gas Industry by End Use Application
3.4: Composites in the Global Oil and Gas Industry by Resin Type
4. Market Trends and Forecast Analysis from 2015 to 2026
4.1: Composites in the Global Oil and Gas Industry by Region
4.2: Composites in the North America Oil and Gas Industry Trends and Forecast
4.2.1: Composites in the North American Oil and Gas Industry by End Use Application
4.3: Composites in the European Oil and Gas Industry Trends and Forecast
4.3.1: Composites in the European Oil and Gas Industry by End Use Application
4.4: Composites in the APAC Oil and Gas Industry Trends and Forecast
4.4.1: Composites in the APAC Oil and Gas Industry by End Use Application
4.5: Composites in the ROW Oil and Gas Industry Trends and Forecast
4.5.1: Composites in the ROW Oil and Gas Industry by End Use Application
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Composites in the Global Oil and Gas Industry by End Use Application
6.1.2: Growth Opportunities for the Composites in the Global Oil and Gas Industry by Resin Type
6.1.3: Growth Opportunities for Composites in the Global Oil and Gas Market by Region
6.2: Emerging Trend in the Composites in the Global Oil and Gas Industry
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Composites in the Global Oil and Gas Industry
6.3.3: Mergers, Acquisitions and Joint Ventures in the Composites in the Global Oil and Gas Industry
6.3.4: Certification and Licensing
7. Competitor Analysis
7.1: Owens Corning
7.2: Jushi Group Co. Ltd
7.3: Chongqing Polycomp International Corporation (CPIC)
7.4: Nippon Electric Glass Co. Ltd
7.5: Olin Corporation
7.6: Hexion Inc.
7.8: Ashland (INEOS Enterprises)
7.9: Sumitomo Bakelite
7.10: Future Pipe Industries
7.11: National Oilwell Varco (NOV)
7.12: Hengrun Group Co. Ltd.
7.13: Hobas Pipe
7.15: ZCL Composites Inc. (SHAWCOR)
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