Lucintel's latest market report analyzed that composites in the oil and gas provides attractive opportunities in pipes, tanks, pultruded products, frac plugs and frac balls, and others. The composites in the oil and gas market are expected to reach $1.4 billion by 2026 with a CAGR of 6.5%. In this market, epoxy composites are the largest segment by end use industry, whereas pipe is largest by end use application. The emergence of introduction of carbon fiber for oil and gas applications and on-site construction of FRP pipes to any length and diameter which exclude transportation and installation cost provides strategic growth path in this market.
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Based on resin type, the
composites in the oil and gas market are segmented into epoxy composites,
polyester composites, phenolic composites, and polyethylene composites. The epoxy
composites segment accounted for the largest share of the market in 2020 and is
expected to register the highest CAGR during the forecast period supported by
its high performance characteristics such as low shrinkage, excellent adhesion,
effective electrical insulation, high chemical, and solvent resistance
properties.
Browse in-depth TOC on “Composites
in the Oil and Gas Market”
62 – Tables
98 – Figures
194 – Pages
The composites in the
oil and gas market are marked by the presence of several big and small players.
Some of the prominent players offering composites in the oil and gas include Owens
corning, Jushi, CPIC, Nippon Electric Glass Co. Ltd., Huntsman, Hexion, and
Olin Corporation.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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