Global Composites In Oil And Gas Industry Market size is anticipated to grow from USD 2.55 Billion in 2024 to USD 4.04 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.26% during the forecast period of 2026 to 2033.
The composites in the oil and gas industry market is poised for significant growth as the demand for lightweight, durable, and corrosion-resistant materials continues to rise. Composites, which combine two or more materials to enhance performance characteristics, are becoming increasingly essential in various applications within the oil and gas sector, including pipelines, storage tanks, and offshore structures. As the industry seeks to improve efficiency and reduce maintenance costs, the market for composites is expected to expand further. This trend is particularly evident in offshore drilling and production, where the need for materials that can withstand harsh environmental conditions is critical.
Moreover, the growing emphasis on sustainability and environmental responsibility is significantly influencing the composites market in the oil and gas industry. As companies prioritize reducing their carbon footprints and improving operational efficiency, there is a rising demand for composite materials that offer superior performance while minimizing environmental impact. Manufacturers are responding by developing eco-friendly composite solutions that align with industry sustainability goals. This shift towards sustainable materials is expected to propel the composites market, as companies seek to meet regulatory requirements and consumer expectations.
Additionally, advancements in composite manufacturing technologies are enhancing the capabilities of materials used in the oil and gas industry. Innovations in resin systems, reinforcement materials, and fabrication techniques are improving the performance and reliability of composite products, making them more appealing for various applications. Furthermore, the integration of smart technologies, such as sensors and monitoring systems, is providing additional levels of functionality and safety for composite structures. As the composites in the oil and gas industry market continues to embrace these trends and technological advancements, it is expected to experience sustained growth, solidifying its position as a key player in the materials sector.
Our reports are meticulously crafted to provide clients with comprehensive and actionable insights into various industries and markets. Each report encompasses several critical components to ensure a thorough understanding of the market landscape:
Market Overview: A detailed introduction to the market, including definitions, classifications, and an overview of the industry's current state.
Market Dynamics: In-depth analysis of key drivers, restraints, opportunities, and challenges influencing market growth. This section examines factors such as technological advancements, regulatory changes, and emerging trends.
Segmentation Analysis: Breakdown of the market into distinct segments based on criteria like product type, application, end-user, and geography. This analysis highlights the performance and potential of each segment.
Competitive Landscape: Comprehensive assessment of major market players, including their market share, product portfolio, strategic initiatives, and financial performance. This section provides insights into the competitive dynamics and key strategies adopted by leading companies.
Market Forecast: Projections of market size and growth trends over a specified period, based on historical data and current market conditions. This includes quantitative analyses and graphical representations to illustrate future market trajectories.
Regional Analysis: Evaluation of market performance across different geographical regions, identifying key markets and regional trends. This helps in understanding regional market dynamics and opportunities.
Emerging Trends and Opportunities: Identification of current and emerging market trends, technological innovations, and potential areas for investment. This section offers insights into future market developments and growth prospects.
SEGMENTATION COVERED IN THE REPORT
By Resin Type
Epoxy
Polyester
Phenolic Resin
Others
By Fiber Type
Glass Fiber
Carbon Fiber
By Product Type
Glass Reinforced Plastics
Glass Reinforced Epoxy Resin
Glass Reinforced Vinyl Ester
Reinforced Thermoplastic
By Application
Piping System
Grinds/Grating
Flexible Tubes
Composite Risers
Caissons and Pull Tubes
Top Side Applications
Pipes
Others
COMPANIES PROFILED
DOW
Halocarbon LLC
The Chemours Company
Huntsman International LLC
Bostik
H.B. Fuller Company
Sika AG
Cardolite Corporation
DAIKIN
Kukdo Chemical Co. Ltd.
BASF SE
Covestro AG
LANXESS
Dupont
SOLVAY.
The above list can be customized.
TABLE OF CONTENTS
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . COMPOSITES IN OIL AND GAS INDUSTRY - INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Resin Type
3.7.2 Market Attractiveness Analysis By Fiber Type
3.7.3 Market Attractiveness Analysis By Application Type
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL COMPOSITES IN OIL AND GAS INDUSTRY MARKET ANALYSIS BY RESIN TYPE
5.1 Overview by Resin Type
5.2 Historical and Forecast Data
5.3 Analysis by Resin Type
5.4 Epoxy Historic and Forecast Sales by Regions
5.5 Composites Historic and Forecast Sales by Regions
5.6 Polyester Historic and Forecast Sales by Regions
5.7 Phenolic Historic and Forecast Sales by Regions
5.8 Others Historic and Forecast Sales by Regions
6 . GLOBAL COMPOSITES IN OIL AND GAS INDUSTRY MARKET ANALYSIS BY FIBER TYPE
6.1 Overview by Fiber Type
6.2 Historical and Forecast Data
6.3 Analysis by Fiber Type
6.4 Glass Historic and Forecast Sales by Regions
6.5 Carbon Historic and Forecast Sales by Regions
6.6 Others (Aramid Fiber and Natural Fiber) Historic and Forecast Sales by Regions
7 . GLOBAL COMPOSITES IN OIL AND GAS INDUSTRY MARKET ANALYSIS BY APPLICATION TYPE
7.1 Overview by Application Type
7.2 Historical and Forecast Data
7.3 Analysis by Application Type
7.4 Pipes (Piping Systems, Jumpers, Risers, Downline, Etc.) Historic and Forecast Sales by Regions
7.5 Tanks Historic and Forecast Sales by Regions
7.6 Top Side Applications (Gratings, Ladders, Walkways, Handrails, Decking, Flooring, Etc.) Historic and Forecast Sales by Regions
7.7 Pumps Compressors Historic and Forecast Sales by Regions
7.8 Others (Fracballs, Frac Plugs, Flexible Tubes, Composite Riders High Pressure, Accumulator Bottels, Calssons, Bearings, Gaskets, Etc.) Historic and Forecast Sales by Regions
8 . GLOBAL COMPOSITES IN OIL AND GAS INDUSTRY MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Data Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Data Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Data Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Data Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Data Sales Analysis
8.7.2. Middle East Africa by Segment Sales Analysis
8.7.3. Middle East Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE COMPOSITES IN OIL AND GAS INDUSTRY COMPANIES
9.1. Composites In Oil And Gas Industry Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF COMPOSITES IN OIL AND GAS INDUSTRY INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Baker Hughes (US)
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Strohm (Netherlands)
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. NOV Inc. (US)
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. SLB (Schlumberger N.V.) (US)
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Halliburton (US)
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Shawcor (Canada)
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. TechnipFMC plc (UK)
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Weatherford (US)
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Future Pipe Industries (UAE)
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Saudi Arabian Amlantit Co. (Saudi Arabla)
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies