The oil and gas composites market was valued at USD 1,986.00 million in 2021 and is expected to reach USD 2956.66 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029.
Oil and Gas Composites Market Scope
The oil and gas composites market is segmented on the basis of resin type, fiber type, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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 and Pull Tubes
· Top Side Applications
· Pipes
· Others
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Market Analysis and Size
Over the last few years, there has been immense growth in the chemical industry. Additionally, the composites market have largely flourished. Composites are primarily employed within the oil and gas industry because of their unique qualities, such as lightweight, corrosion resistance, and ease of installation, making them ideal for demanding applications. The increased usage of composites in oil and gas industry will largely aid the market growth even within the forecasted period.
The oil and gas composites market was valued at USD 1,986.00 million in 2021 and is expected to reach USD 2956.66 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Oil and gas composites market Country Level Analysis
The countries covered in the market report are oil and gas composites market are:
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.
Oil and Gas Composites Market Regional Analysis/Insights
The oil and gas composites market is analyzed and market size insights and trends are provided by country, resin type, fiber type, product type and application as referenced above.
The countries covered in the oil and gas composites 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.
COVID-19 Impact on Oil and Gas Composites Market
The recent outbreak of coronavirus had a negative impact on the oil and gas composites market, as the pandemic directly hampered oil and gas output and demand due to lockdowns, aircraft cancellations due to travel bans, quarantines, production halts, restricted trade among nations, and more. As a result of the lower demand for oil and gas around the world, production cuts were enforced, and new explorations were delayed or cancelled in the oil and gas business. The epidemic also disrupted the supply chain and market due to cross-border trade restrictions, which impacted the importation of raw materials for manufacturing operations as well as the exportation of produced goods. However, due to market uncertainty, the market experienced a financial impact on enterprises and financial markets in the form of stock market volatility. This had a negative impact on many firms' financial health, which hampered new exploration and production ventures.
Market Players Covered in oil and gas composites market are:
· DOW (U.S.)
· Halocarbon, LLC (U.S.)
· Freudenberg SE (Germany)
· The Chemours Company (U.S.)
· Metalubgroup (Israel)
· Huntsman International LLC (U.S.)
· Bostik (France)
· H.B. Fuller Company (U.S.)
· Sika AG (Switzerland)
· Cardolite Corporation (U.S.)
· DAIKIN (Japan)
· Kukdo Chemical Co., Ltd., (South Korea)
· BASF SE (Germany)
· Covestro AG (Germany)
· LANXESS (Germany)
· Dupont (U.S.)
· SOLVAY (Belgium)
· Wanhua (China)
· Arkema (France)
· Hexion (U.S.)
· Woodbridge (Canada)
Oil and Gas Composites Market Share Analysis
The 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.
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: oil and gas composites market
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