Composites in Oil & Gas Industry Market Size, Share, Growth, Opportunities

Composites in Oil & Gas Industry Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2028.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the composites in oil & gas industry market include Airborne Oil & Gas (Netherlands), GE Oil & Gas (U.K.), Magma Global Limited (U.K.), National Oilwell Varco (U.S.), Vello Nordic AS (Norway), Schlumberger Limited (U.S.), Halliburton (U.S.), Strongwell Corporation (U.S.), Enduro Composites, Inc. (U.S.), and ZCL Composite (Canada) and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

In the fields of composite pipework and fluid handling, significant progress has been made. A primary driver for the industry is cost savings from composites replacing steel piping in retrofit applications. Cost savings are achieved when composites are utilized instead of expensive corrosion-resistant metals in the manufacture of risers, tubings, and storage and transport systems in offshore platforms. Another significant market driver is the increased durability of new, dependable, safe, and cost-effective buildings that can endure the harsh circumstances expected in an offshore environment.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of composites in oil & gas industry. The growth and trends of composites in oil & gas industry industry provide a holistic approach to this study.

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Market Segmentation

This section of the composites in oil & gas industry market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Resin Type

  • Epoxy
  • Polyester
  • Phenolic
  • Others

By Fiber Type

  • Glass
  • Carbon

By Application

  • Pipes
  • Tanks
  • Top Side Applications
  • Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Composites in Oil & Gas Industry market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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