Global Composites in Oil and Gas Industry
Market Report
2025
The global Composites in the Oil and Gas Industry market size will be USD 3.4 billion in 2024. Composites in the oil and gas industry will show the strongest growth, with a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. This growth can be attributed to increasing demand for lightweight and durable materials.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Composites in Oil and Gas Industry market size is USD 3.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Composites in Oil and Gas Industry Market Sales Revenue | 121212 | $ 3.4 Billion | 121212 | 121212 | 121212 | 6.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application |
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Market Split by Resin Type |
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Market Split by Fiber Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Report scope is customizable as we have a huge database of Composites in Oil and Gas Industry industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Composites in Oil and Gas Industry Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The oil and gas industry has increasingly adopted composite materials due to their superior properties, such as high strength-to-weight ratios, corrosion resistance, and durability. The need for enhanced performance and cost efficiency in harsh environments drives this shift. Composites, including fiber-reinforced plastics and advanced polymers, are utilized in various applications such as piping, pressure vessels, and offshore structures. Their usage not only reduces maintenance costs and downtime but also improves safety by minimizing the risk of failures. The market for composites in the oil and gas sector is poised for significant growth, fueled by technological advancements, rising demand for lightweight and durable materials, and stringent environmental regulations. As the industry continues to innovate, composites are expected to play a crucial role in enabling more efficient and sustainable operations.
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In March 2022, the agreement will be instrumental in expanding the knowledge of the design, production, and qualification standard from Strohm's technology backbone - DNV (standard ST-F119), allowing operators to qualify and utilize TCP instead of metallic pipes, creating substantial cost reduction potentials in all stages of oil and gas projects life cycle.
(Source:https://strohm.eu/news/strohm-and-petronas-join-forces-to-commercialise-tcp)
Top Companies Market Share in Composites in Oil and Gas Industry Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America stands out as the leading market, driven by its substantial investments in oil and gas infrastructure, advanced technological capabilities, and extensive shale gas and oil production activities. The region's focus on enhancing operational efficiency, reducing maintenance costs, and improving safety standards has spurred the adoption of composite materials, which offer superior strength-to-weight ratios, corrosion resistance, and longevity compared to traditional materials.
Asia-Pacific region is emerging as the fastest-growing market. This rapid expansion is propelled by increasing energy demands from populous and industrializing nations such as China and India. Additionally, substantial investments in offshore exploration and production activities in the South China Sea and the Indian Ocean are fostering a greater need for advanced materials like composites. The Asia-Pacific region's push towards modernizing its infrastructure and expanding its energy sector, coupled with supportive government policies and rising environmental concerns, further accelerates market growth.
The current report Scope analyzes Composites in Oil and Gas Industry Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Composites in Oil and Gas Industry Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Composites in Oil and Gas Industry Industry growth. Composites in Oil and Gas Industry market has been segmented with the help of its , Application Resin Type, and others. Composites in Oil and Gas Industry market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
of Composites in Oil and Gas Industry analyzed in this report are as follows:
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According to cognitive market research, Pipes is the dominant category. The demand for composite pipes is driven by the need to reduce maintenance costs and increase operational efficiency. Their ability to withstand high pressures and temperatures while being lightweight makes them a preferred choice for transporting oil, gas, and other fluids. Additionally, the rising focus on sustainability and the need to mitigate environmental risks associated with leaks and spills further bolster the adoption of composite materials. Key players are investing in research and development to enhance product performance and expand application areas, driving market growth in this segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Composites in Oil and Gas Industry Market is witnessing significant growth in the near future.
In 2023, the segment accounted for noticeable share of global Composites in Oil and Gas Industry Market and is projected to experience significant growth in the near future.
The Pipes (piping systems jumpers risers downline etc.) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DOW (U.S.) , Freudenberg SE (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Application | Pipes (piping systems jumpers risers downline etc.), Tanks, Top Side Applications (gratings ladders walkways handrails decking flooring etc.), Pumps & Compressors, Others (frac balls frac plugs flexible tubes composite riders high pressure accumulator bottles caissons bearings gaskets etc.) |
Resin Type | Epoxy, Composites, Polyester, Phenolic, Others |
Fiber Type | Carbon, Glass, Others (Aramid Fiber and Natural Fiber) |
List of Competitors | 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) |
This chapter will help you gain GLOBAL Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review Global Composites in Oil and Gas Industry Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review North America Composites in Oil and Gas Industry Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review Europe Composites in Oil and Gas Industry Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review Asia Pacific Composites in Oil and Gas Industry Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review South America Composites in Oil and Gas Industry Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Composites in Oil and Gas Industry. Further deep in this chapter, you will be able to review Middle East and Africa Composites in Oil and Gas Industry Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Composites in Oil and Gas Industry. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
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Chapter 11 Market Split by Resin Type Analysis 2021 - 2033
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Chapter 12 Market Split by Fiber Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Composites in Oil and Gas Industry market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why have a significant impact on Composites in Oil and Gas Industry market? |
What are the key factors affecting the and of Composites in Oil and Gas Industry Market? |
What is the CAGR/Growth Rate of Pipes (piping systems jumpers risers downline etc.) during the forecast period? |
By type, which segment accounted for largest share of the global Composites in Oil and Gas Industry Market? |
Which region is expected to dominate the global Composites in Oil and Gas Industry Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Quantitative Data |
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