‘Epoxy Resin Market in the Oil & Gas Industry to grow at CAGR of 6.1% opportunity in 2022’– Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Epoxy Resin Market in the Oil & Gas Industry is anticipated to reach at CAGR of 6.1% by 2022.

The research studies Pontoon Boat Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under three segments by Operation Type (Onshore, Offshore, and Transportation), by Application Type (Composites, Coatings, Adhesion, Painting, Linings, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022

The study finds –
 Onshore is expected to remain the most dominant application in the epoxy resin market in the oil & gas industry during the forecast period.
 Composites is expected to be the fastest growing application of epoxy resin in the oil & gas industry over the next five years
 North America is expected to remain the largest market for epoxy resin in the oil & gas industry during the forecast period of 2017 to 2022.

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Epoxy Resin Market in the Oil & Gas Industry: Highlights
The global epoxy resin market in the oil & gas industry is projected to witness an impressive CAGR of 6.1% over the next five years, driven by an expected increase in the oil & gas rig activities, increasing demand for non-corrosive and lightweight composites, and continuous investment in the pipeline infrastructure to meet the growing demand from developing countries owing to rising population.

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Global epoxy resin market in the oil & gas industry is segmented based on operation type as onshore, offshore, and transportation. Onshore is expected to remain the most dominant application in the epoxy resin market in the oil & gas industry during the forecast period. Epoxy resin is preferred in a wide array of applications from exploration, drilling to production applications. There is an increasing penetration of epoxy resin based composite applications, such as small diameter GRE pipes in the onshore applications. Offshore operations are expected to offer an excellent growth in the epoxy resins market, driven by higher demand for lightweight, high-strength, and corrosion-resistant composites over the next five years.

Global epoxy resin market in the oil & gas industry is segmented based on application type as composites, coatings, adhesion, painting, linings, and others. Composites is expected to be the fastest growing application of epoxy resin in the oil & gas industry over the next five years, driven by its multiple advantages, such as corrosion resistance, shear resistance, chemical resistance, high operating temperature, low maintenance cost, and durability.

North America is expected to remain the largest market for epoxy resin in the oil & gas industry during the forecast period of 2017 to 2022. All three countries, the US, Canada, and Mexico are generating a healthy demand for epoxy resins in the North American oil & gas industry. Good natural gas infrastructure, installation, and replacement of underground tanks have contributed to the demand in this region. Asia-Pacific is estimated to witness the highest growth in the epoxy resin market in the oil & gas industry for the same period, China and India being the growth engines of this region. Increasing pipeline infrastructure in Middle-East and Africa is further propelling the growth of epoxy resin market in the oil & gas industry.

Dow Coating Materials, Cytec Solvay Group, Henkel AG & Company, Hexion Inc., Huntsman Corporation, Nona composites, and Polyset Co Inc. are some of the major players in the global epoxy resin market for the oil & gas industry. New application development of composites, advancement in technology, and collaboration with EPC companies are some of the key strategies adopted by the major companies to gain a competitive edge over others.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

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