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Pulished Date April, 2021
ID: 8127
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Composites In Oil and Gas Industry Market - By Resin Type (Epoxy, Polyester, Phenolic, And Others), Fiber Type (Glass Fiber And Carbon Fiber), Application (Pipes, Tanks, Top Side Applications, And Others), By Region - Global Industry Analysis, Size, Share, Growth, Investment, Forecast Report (2021 - 2026)

Pulished: April, 2021
ID: 8127
Pages: 175

Composites In Oil and Gas Industry Market (2021 - 2026)

The Composites In Oil and Gas Industry Market will grow from US$ 2.715 Billion billion in 2021 to $ 4.24 billion in 2026, recording a compound annual growth rate of above 7.5% over the forecast period from 2021 to 2026.

Recent Developments

Airborne Oil & Gas, a Netherlands gas & oil composites market leader, has announced the merger with Renato Bastos to form V.P Brazil to strengthen itself in the Brazilian market. However, Renato is responsible for dynamic application in Deepwater Brazil, and delivering the company with guidelines to qualify the thermoplastic composite pipeline (TCP).

Composites In Oil And Gas Industry Market Segmentation as per the research report.

On the basis of Resin Type, the market is separated into Epoxy, Polyester, Phenolic, and Others. The epoxy segment of resin type had the largest market value and volume in 2018. The wide applicability of epoxy resin is the major reason for its quick rising growth.

On the basis of Fiber Type, the market is separated into Glass fiber and Carbon fiber. Of the mentioned types of fibers, the carbon fiber is expected to lead the market by the end of the forecast period, due to its unique properties like high mechanical strength.

On the basis of Application, the market is separated into Pipes, Tanks Top Side Applications, and others based on the application of the composites. Among the different applications mentioned the pipes segment is expected to have the highest CAGR in the aforementioned forecast period. This growth is attributed to the growing hydraulic fracturing activities and rise in production of shale gas, which in turn raises the demand for composite flowline, jumpers, risers, etc.

On the basis of Region, the Composites In Oil And Gas Industry Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe.The Asia Pacific region is anticipated to lead the global market with the highest growth rate in the forecast period, due to the increased scope of future opportunities, and demand for growing industries mainly in developing countries like Japan, India, and China. The market value of Europe was the highest in the highest in the year 2018 but may not continue to lead the global market due to the dominance of the Asia Pacific region.

North America considerably has moderate market value and growth in the forecast period. A well-established economy like North America has such moderate market growth due to the economic crisis which makes leading competitors in this market to shift their area of operation to the Asia Pacific through mergers and agreements. Also, the slow growth rate in these regions is the result of regional advantages gained by companies in the Asia Pacific like cheap labor and ease of resource availability. These advantages make the market centered in the Asia Pacific hence forcing Europe and North America to have slow growth in the aforementioned forecast period.

The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Composites in Oil and Gas Industry market in these regions is slow growing in nature. However, the Middle East alone may witness a steep growth due to the rise in industrial activities related to oil and gas in this region.

Composites In Oil And Gas Industry Market key players:

Major companies plying their trade in the Composites In Oil And Gas Industry Market include Oil & Gas (Netherlands), Creative Composites Ltd. (India), GE Oil & Gas (UK), Strongwell Corporation (U.S.), National Composites Center (UK), Magma Global Limited (UK), Enduro Composites, Inc. (U.S.), Pipex Limited (UK), National Oilwell Varco (US), Solent Composite Systems Ltd. (UK), Vello Nordic AS (Norway), CIP Composites (Columbia), Schlumberger Limited (US), ZCL Composite (Canada), Magnum Oil Tools (US), Halliburton (US), and Forum Energy Technologies (US) are the leading shareholders of the Global Oil & Gas Composites market. Most of these companies are currently into the development of advanced products and are focused on expansion strategies to improve their market value and position.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Resin Type                  

                                5.1.1 Introduction           

                                5.1.2 Epoxy        

                                5.1.3 Polyester 

                                5.1.4 Phenolic   

                                5.1.5 Others      

                                5.1.6 Y-o-Y Growth Analysis, By Resin Type          

                                5.1.7 Market Attractiveness Analysis, By Resin Type        

                                5.1.8 Market Share Analysis, By Resin Type          

                5.2 Fiber Type                  

                                5.2.1 Introduction           

                                5.2.2 Glass fiber

                                5.2.3 Carbon Fiber          

                                5.2.4 Y-o-Y Growth Analysis, By Fiber Type           

                                5.2.5 Market Attractiveness Analysis, By Fiber Type         

                                5.2.6 Market Share Analysis, By Fiber Type           

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Pipes         

                                5.3.3 Tanks        

                                5.3.4 Top Side Applications         

                                5.3.5 Others      

                                5.3.6 Y-o-Y Growth Analysis, By Application         

                                5.3.7 Market Attractiveness Analysis, By Application        

                                5.3.8 Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Resin Type

                                       By Fiber Type

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Resin Type

                                       By Fiber Type

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Resin Type

                                       By Fiber Type

                                       By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Halliburton                      

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Airborne Oil & Gas                  

                8.3 Creative Composites Ltd.                      

                8.4 GE Oil & Gas                              

                8.5 National Composites Center               

                8.6 Magma Global Limited                           

                8.7  National Oilwell Varco                          

                8.8 Vello Nordic AS                         

                8.9 Schlumberger Limited                            

                8.10 Forum Energy Technologies                              

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Composites in Oil and Gas Industry Market Market By Region, From 2021-2026( USD Billion )

  2. Global Composites in Oil and Gas Industry Market Market By Resin Type, From 2021-2026( USD Billion )

  3. Global Epoxy Market By Region, From 2021-2026( USD Billion )

  4. Global Polyester Market By Region, From 2021-2026( USD Billion )

  5. Global  Phenolic Market By Region, From 2021-2026( USD Billion )

  6. Global Others Market By Region, From 2021-2026( USD Billion )

  7. Global Composites in Oil and Gas Industry Market Market By Fiber Type, From 2021-2026( USD Billion )

  8. Global Glass Fiber Market By Region, From 2021-2026( USD Billion )

  9. Global Carbon Fiber Market By Region, From 2021-2026( USD Billion )

  10. Global Composites in Oil and Gas Industry Market Market By Application, From 2021-2026( USD Billion )

  11. Global Pipes Market By Region, From 2021-2026( USD Billion )

  12. Global Tanks Market By Region, From 2021-2026( USD Billion )

  13. Global Top Side Applications Market By Region, From 2021-2026( USD Billion )

  14. Global Others Market By Region, From 2021-2026( USD Billion )

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