openPR Logo
Press release

Composites in Oil and Gas Market - Global Industry Forecast 2024 : Creative Composites, National Composites Center, Pipex Limited, CIP Composites, GE Oil & Gas

Global Composites in Oil and Gas Market

Global Composites in Oil and Gas Market

ResearchMoz presents professional and in-depth study of "Composites in Oil and Gas Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2016 - 2024". This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

The oil & gas industry needs to meet certain technical, technological, and economic requirements. This is especially observed in materials employed in construction, which are expected to withstand corrosion, fatigue, and weight. These factors contribute to increased risk and cost of offshore projects.

Composites are used due to their unique properties, which make them suitable for demanding applications in the oil & gas industry. They have the advantage of being low in weight, which eliminates the need for large and exorbitant buoyancy tanks. Composites are inexpensive to install, extremely corrosion-resistant, and well-suited to increased operating pressures.

Composites are made by matrix combination of different materials. The most commonly used composites are formed by combining epoxy, phenolic, or polymer (polyethylene, poly-vinyl-denefluoride, and polyamide) matrix with glass fibers, carbon fibers, or aramid fibers.

Get a Sample PDF at: https://www.researchmoz.us/enquiry.php?type=S&repid=1362761

Composites in Oil and Gas Market: Applications

Glass-fiber reinforced polymer (GFRP) composites are used in piping systems for applications such as oil exploration, desalination, chemical plants, fire mains, dredging, and portable water. They enable the piping systems to withstand highly corrosive fluids at various temperatures, pressures, and in adverse weather and soil conditions.
Composite grinds/gratings perform better than traditional, metallic grinds/gratings, due to their superior properties under harsh environments in the chemical process industry. They are preferred due to their ability to overcome limitations with respect to weight, corrosion resistance, durability, and lifecycle costs.

Composite ladders are stronger than wood or aluminum and they do not rot, corrode, or absorb water.

During the construction of a riser (a pipeline that connects the rig of water surface to the well bore at seabed), thermoplastic polymer matrix reinforced with glass or carbon fibers is used. This matrix is wound around its steel reinforcement, which drastically reduces its weight. In some cases, epoxy matrix reinforced with carbon fibers may be used.

In the construction of pipe systems for fluid transport and storage tanks, fiberglass composites are used. They are formed by combining polymer matrix (generally, epoxy matrix and vinyl ester matrix) with glass fibers.

Tubings are usually produced from GRE pipes or GRE pipes reinforced with carbon steel, which provide resistance to high pressure in down-hole applications.

Composites in Oil and Gas Market: Trends

There has been major advances in the fields of composite pipe work and fluid handling. Cost-cutting due to composites replacing steel piping in retrofit applications is a major driver for the market. Cost advantage can also be witnessed during the manufacturing process of risers, tubings, and storage and transport systems in offshore platforms when composites are used in place of expensive corrosion-resistant metals. Another important propellant for the market is amplified longevity of new, reliable, safe, and cost-effective construction, which can withstand severe conditions anticipated in an offshore environment.

Composites in Oil and Gas Market: Segmentation

In terms of matrix materials, the composites in oil and gas market can be segmented into six segments: epoxy, phenolic, polymers, glass fibers, carbon fibers, and aramid fibers.

Based on product type, the market has been divided into: glass reinforced plastic (GRP), glass reinforced epoxy resin (GRER), glass reinforced vinyl ester (GRVE), and reinforced thermoplastic (RTP).

In terms of application, the market has been segmented into: piping systems, grinds/gratings, ladders, flexible tubes, composite risers, and caissons & pull tubes.

Composites in Oil and Gas Market: Region-wise Outlook

In terms of volume, the U.S. and China are prominent consumers of composites. North America is likely to remain the key region owing to the rising number of natural gas infrastructure projects and growing awareness about advantages of composite materials in the region. The market in the region is expanding also due to the rise in demand for high-performance lightweight materials and new products developed using them.

Composites in Oil and Gas Market: Key Players

Key players operating in the composites in oil and gas market include Creative Composites Ltd., National Composites Center, Pipex Limited, and Solent Composite Systems Ltd., CIP Composites, Magnum Oil Tools, Forum Energy Technologies, GE Oil & Gas, and Magma Global Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis

The regional analysis covers:

- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)

Browse Detail Report @ https://www.researchmoz.us/composites-in-oil-and-gas-market-global-industry-analysis-size-share-trends-and-forecast-2016-2024-report.html

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ https://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Composites in Oil and Gas Market - Global Industry Forecast 2024 : Creative Composites, National Composites Center, Pipex Limited, CIP Composites, GE Oil & Gas here

News-ID: 1265972 • Views: 117

More Releases from Composites in Oil and Gas Market

Composites in Oil and Gas Market Size, Share Production & Consumption Analysis W …
The Composites in Oil and Gas Market research report includes Market Size, Upstream Situation, Market Segmentation, Composites in Oil and Gas Market Segmentation, Price & Cost And Industry Environment. In addition, the report outlines the factors driving industry growth and the description of market channels. The Composites in Oil and Gas Market profile also contains descriptions of the leading topmost manufactures/players like (Airborne Oil & Gas, Enduro Composites, GE Oil
Global Composites in Oil and Gas Market Focuses On Top Manufacturers - Airborne …
Researchmoz added Most up-to-date research on "Global Composites in Oil and Gas Market Focuses On Top Manufacturers - Airborne Oil & Gas, GE Oil & Gas, Magma Global Limited and National Oilwell Varco" to its huge collection of research reports. Global Composites in Oil and Gas market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study,
Overview of Global Composites in Oil and Gas Market 2018 | Airborne Oil & Gas, E …
ResearchMoz presents professional and in-depth study of "Global Composites in Oil and Gas Market Research Report 2018" This report studies the global Composites in Oil and Gas market status and forecast, categorizes the global Composites in Oil and Gas market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central &
Growth of Composites in Oil and Gas Market in Global Industry : Trends and Appli …
Albany, NY, 3rd November : Recent research and the current scenario as well as future market potential of "Composites in Oil and Gas Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2016 - 2024" globally. The oil & gas industry needs to meet certain technical, technological, and economic requirements. This is especially observed in materials employed in construction, which are expected to withstand corrosion, fatigue, and weight. These factors

All 5 Releases


More Releases for Composite

New & Enhanced Composite Decking from TimberTechUK
For those who know, composite decking offers both home and business owners alike a superior deck option for their outdoor spaces. Created using a combination of natural wood and synthetic materials, it combines all of the prowess of real wood decking with the extremely low-maintenance properties of plastic decking. Resulting in a flooring product that offers the best of both worlds with none of the drawbacks. The long, painful hours
Automotive Composite Suspension Component Market
The Automotive Composite Suspension Component Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by component, vehicle, process. The global automotive composite suspension component market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive composite suspension component market players and offers key trends and opportunities in
Global Tooling Composite Market Growth 2019-2024
The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market. Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan
Composite Kitchen Sinks Market
Dulcimer Instruction Market The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025. The report titled Global Dulcimer Instruction Market 2019
Composite Plate Market
Composite Plate Market Research 2017 A market study ” Global Composite Plate Market ” examines the performance of the Composite Plate market 2017. It encloses an in-depth Research of the Composite Plate market state and the competitive landscape globally. This report analyzes the potential of Composite Plate market in the present and the future prospects from various angles in detail. The Global Composite Plate Market 2017 report includes Composite Plate market Revenue,
Global Composite Packaging Market 2016-2020
Researchmoz added Most up-to-date research on "Global Composite Packaging Market 2016-2020" to its huge collection of research reports. About Composite Packaging Paperboard composite cans are mainly used in the packaging of a wide range of food and beverages products, including snacks and instant beverages, soups and sauces. A paperboard composite can's end closures, one or both, are permanently affixed and have a convolute wound or spiral wound to form a rigid body.