Press release
Composite Pipe System Market is Booming with Strong Growth Prospects 2023 | Industry Analysis By Innovations, New Technology, Growth Estimate, and Forecast Till 2028
Composite pipes, also known as fiberglass reinforced plastic (FRP) pipes, are made by combining a plastic matrix with a reinforcing fibres typically glass or carbon. Composite pipes are being increasingly used in the oil and gas industry for transportation of crude oil and natural gas.
One of the major advantages of composite pipes is their high strength-to-weight ratio, which makes them suitable for use in long-distance pipelines and in harsh environments, such as offshore oil and gas production platforms. Additionally, composite pipes are resistant to corrosion, which is a major concern in the oil and gas industry, and they have a long service life.
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Growth Drivers:
-The composite pipe system market is expected to grow in the coming years, driven by increasing demand for cost-effective and durable pipeline solutions in various end-use industries, such as oil and gas, water and wastewater, and chemical. Composite pipes, also known as fiberglass reinforced plastic (FRP) pipes, are made by combining a plastic matrix with a reinforcing fiber, typically glass or carbon.
Competitive Analysis:
These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
The Major Key Players Included in the Report:
-Pipelife
-Future Pipe Industries
-Vectus Industries Limited
-Cangzhou Mingzhu Plastic
-Kisan Group
-KITEC Industries (India) Pvt Ltd
-Shandong Donghong Pipe
-Lesso
-Hongtong Pipe
-Zhejiang Kingland Pipeline and Technologies Co.,Ltd.
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Market Segmentation Analysis:
The report focuses on studying the Composite Pipe System market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.
Segmentation by Types
-Metal Composite Pipe
-Non-metallic Composite Pipe
Segmentation by Applications
-Oil & Gas
-Marine Industry
-Agriculture
-Commercial
-Others
Geographic Segmentation:
-North America (USA, Canada, Mexico)
-Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
-Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
-South America (Brazil, Argentina, Columbia, Rest of South America)
-The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
North America and Europe are the major markets for composite pipes, due to the presence of well-established oil and gas industries in these regions.
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Market Trends:
-Increasing demand for energy-efficient and sustainable infrastructure: Composite pipes have a lower thermal conductivity than traditional metal pipes, which results in energy savings and a lower carbon footprint. This trend is expected to drive the composite pipe system market.
-Advancements in manufacturing technology: New manufacturing technologies such as filament winding, pultrusion, and others are being developed, which are expected to reduce the cost of production and improve the quality of composite pipes.
TABLE OF CONTENTS:
Chapter 1: Composite Pipe System Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Composite Pipe System Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Composite Pipe System Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dynamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source
Detailed TOC of Global Composite Pipe System Market @ https://www.extrapolate.com/toc/chemicals-and-advanced-materials/composite-pipe-system-market-report/87299
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Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports,
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