The oil and gas composites market were 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.
In the oil and gas business, composites are created by combining various elements in a matrix. The most common composites are constructed with glass fibres, carbon fibres, or aramid fibres in an epoxy, phenolic, or polymer (polyethylene, polyvinyl-diene fluoride, and polyamide) matrix. The oil and gas business must meet certain technical, technological, and economic requirements. This is most noticeable in construction materials, which are expected to withstand corrosion, fatigue, and weight. Offshore projects are riskier and more expensive as a result of these factors.
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Some of the major players operating in the oil and gas composites market are
- DOW (U.S.)
- Halocarbon, LLC (U.S.)
- Freudenberg SE (Germany)
- The Chemours Company (U.S.)
- Metalub group (Israel)
- Huntsman International LLC (U.S.)
- Bostik (France)
- H.B. Fuller Company (U.S.)
- Sika AG (Switzerland)
- Cardo lite Corporation (U.S.)
- DAIKIN (Japan)
- Kudo Chemical Co., Ltd., (South Korea)
Oil and Gas Composites Market Scope:
The oil and gas composites market is segmented on the basis of resin type, fibber type, product type and application. The growth amongst these segments will help you analyse 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
Fibber Type
- Glass Fibber
- Carbon Fibber
Product Type
- Glass Reinforced Plastics
- Glass Reinforced Epoxy Resin
- Glass Reinforced Vinyl Ester
- Reinforced Thermoplastic
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Oil and Gas Composites Market Regional Analysis/Insights:
The oil and gas composites market is analysed 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.
North America dominates the oil and gas composites market because of the aging oil and gas transportation infrastructure and growing focus in the direction of unconventional sources of energy within the region.
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