Oil and Gas Composites Market is expected to reach USD 3.99 billion by 2032 | Major Companies - Magma Structures, GE Oil and Gas, Airborne Oil & Gas

Market Size and Growth:

The Global Oil and Gas Composites Market Size reached USD 2.45 billion in 2024 and is expected to reach USD 3.99 billion by 2032, growing with a CAGR of 6.28% during the forecast period 2025-2032. The Market is growing due to increasing demand for lightweight, corrosion-resistant materials in oil and gas infrastructure, enhancing efficiency and reducing maintenance costs.

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The Oil and Gas Composites Market refers to the industry focused on the production and application of composite materials-such as carbon fiber, glass fiber, and polymer-based composites in oil and gas operations. These materials enhance durability, reduce corrosion, and improve performance in pipelines, storage tanks, offshore platforms, and drilling equipment, supporting safer, more efficient, and cost-effective energy extraction and transportation processes.

Industry Recent Developments: United States

✅ November 2025: Baker Hughes deployed advanced polymer-based composites in drag-reducing agents across U.S. shale pipelines, boosting crude throughput by 10-15% and cutting energy use.

✅ October 2025: Seal manufacturers ramped up R&D for high-performance elastomer composites suited to extreme oil and gas conditions like high temperatures and corrosion.

✅ September 2025: Adoption surged for double-seal and cartridge-modular composite designs in refinery pumps and gas-processing units, improving leak prevention and installation ease.

Industry Recent Developments: Japan

✅ October 2025: Japan pledged expanded U.S. LNG imports to strengthen energy ties, indirectly spurring composites demand in LNG infrastructure and storage.

✅ September 2025: Mitsubishi Heavy Industries developed high-performance thermoplastic composites for energy applications, enhancing durability in harsh oil and gas environments.

✅ November 2025: Composites sales rose month-over-month amid broader market growth, supporting oil and gas pipe and tank applications.

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Major Key Players:

Magma Structures
GE Oil and Gas
Airborne Oil & Gas
National Oilwell Varco
Vello Nordic AS
Schlumberger Limited
Halliburton
Strongwell Corporation
Enduro Composites, Inc.
ZCL Composite.

Market Growth Drivers:

Demand for Lightweight Materials:

✅ Composites provide a high strength-to-weight ratio, enabling reduced transportation and installation costs while supporting applications like pipes, risers, and offshore structures. This demand grows with increased offshore exploration and hydraulic fracturing activities.​

Corrosion Resistance and Durability:

✅ These materials resist harsh environments, chemicals, and high pressures better than steel or aluminum, extending equipment life in drilling, pipelines, and tanks. Environmental regulations further promote their use over traditional metals.​

Cost Savings and Efficiency:

✅ Lower maintenance needs and operational efficiencies drive adoption, alongside energy savings from lighter components that improve fuel use and reduce overall carbon footprints. Technological advancements in composites like GFRP and CFRP enhance these benefits.

Segments Covered in the Oil and Gas Composites Market:

By Material Type: Glass, Carbon.

By Resin Type: Epoxy, Polyester, Phenolic, Others.

By Application: Pipes, Tanks, Top Side Application, Others.

Regional Analysis for Oil and Gas Composites Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Oil and Gas Composites market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Oil and Gas Composites Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Oil and Gas Composites market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Oil and Gas Composites Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Oil and Gas Composites market?

➠ Who are the global key manufacturers of the Oil and Gas Composites Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Oil and Gas Composites market opportunities and threats faced by the vendors in the global Oil and Gas Composites Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Oil and Gas Composites market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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