Press release
United States Oil and Gas Composites Market; North America Leads with 35% Share | Key Players: Airborne Oil & Gas, Magma Global, National Oilwell Varco
Oil and Gas Composites
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Recent Key Developments:
✅ February 2026 - Europe: Strohm / Magma Global launched a next‐generation high-strength composite pipeline system for offshore oil and gas applications, offering improved fatigue resistance and extended operational life.
✅ December 2025 - North America: NOV Inc. (National Oilwell Varco) secured a strategic supply agreement with multiple oilfield operators to provide advanced composite storage tanks for crude and refined products, promoting adoption of lightweight, corrosion-resistant materials.
✅ September 2025 - Middle East & Africa: Solvay S.A., in collaboration with regional EPC contractors, expanded its capability to integrate advanced composite materials into subsea structures and risers, enhancing corrosion management in deepwater operations.
✅ July 2025 - Asia Pacific: TechnipFMC unveiled an integrated composite piping solution for onshore oil and gas facilities, designed to withstand extreme temperatures and aggressive chemical environments while reducing lifecycle costs.
✅ May 2025 - Global: A consortium of major industry players, including Strohm, Solvay, and TechnipFMC, launched a technology collaboration to advance composite materials with enhanced fire resistance and long-term performance analytics, supporting standardization for critical oil and gas infrastructure.
Key Players:
Airborne Oil & Gas, GE Oil & Gas, Magma Global Limited, Magma Structures, National Oilwell Varco, Vello Nordic AS, Schlumberger Limited, Halliburton, Strongwell Corporation, and Enduro Composites Inc.
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Market Segmentation:
By Material Type:
Glass Composites - 65% Share: Widely used due to excellent corrosion resistance, cost-effectiveness, and mechanical performance for piping, tanks, and structural components.
Carbon Composites - 35% Share: Preferred for high-strength and lightweight applications, particularly in deepwater pipelines, risers, and topside structures.
By Resin Type:
Epoxy - 50% Share: Offers superior mechanical properties, chemical resistance, and durability, making it the most widely used resin in oil and gas composites.
Polyester - 30% Share: Economical and versatile, used for standard piping, tanks, and secondary structural components.
Phenolic - 10% Share: Chosen for high-temperature and fire-resistant applications, especially in topside structures.
Others - 10% Share: Includes vinyl ester and hybrid resins for specialized applications requiring tailored properties.
By Application:
Pipes - 45% Share: Major application in offshore and onshore oilfields for flowlines, risers, and process pipelines.
Tanks - 25% Share: Used in storage and transport of crude oil, refined products, and chemicals, benefiting from corrosion resistance and reduced weight.
Topside Applications - 20% Share: Includes structural decks, platforms, and modules exposed to harsh marine conditions, leveraging lightweight and high-strength composites.
Others - 10% Share: Covers secondary applications such as piping supports, cladding, and offshore maintenance structures.
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Regional Insights:
North America - 35% Share: The largest regional market, driven by extensive offshore operations in the Gulf of Mexico, shale oilfields, and the adoption of advanced composites in pipelines, storage tanks, and topside structures. Strong R&D presence and early adoption of high-performance materials support market leadership.
Europe - 25% Share: Growth fueled by North Sea offshore projects, stringent environmental regulations favoring corrosion-resistant materials, and investments in modernization of aging oilfield infrastructure. Adoption of composites in topside applications and subsea pipelines is rising.
Asia Pacific - 20% Share: Rapid expansion of onshore and offshore oilfields in China, India, and Southeast Asia, coupled with infrastructure upgrades, drives demand for lightweight, durable composites in piping and storage tanks.
Middle East & Africa - 15% Share: Rising offshore exploration in Saudi Arabia, UAE, and Nigeria, coupled with investments in high-strength corrosion-resistant composites for subsea and topside applications, supports steady growth.
Market Drivers:
Drivers
1. High Cost to Replace Steel Piping in Retrofit Applications
The significant cost and complexity of replacing conventional steel piping in offshore and onshore facilities are driving the adoption of composites. Composites provide a lightweight, corrosion-resistant alternative that can withstand harsh environmental conditions, including high pressures, saltwater exposure, and chemical contact.
Airborne Oil & Gas and Magma Global Ltd. have led the development and qualification of Thermoplastic Composite Pipe (TCP) for marine applications, demonstrating successful pilot programs globally.
In March 2020, AOG/Strohm certified its TCP using Evonik Vestape carbon fiber/PA12 tape according to DNV GL ST-F119 standards, achieving 50% lower carbon footprint and cost advantages over steel risers, jumpers, and flowlines.
2. Increasing Demand for Non-Corrosive and Lightweight Materials
The oil and gas sector increasingly favors lightweight, high-strength, and corrosion-resistant composites to improve operational efficiency and reduce maintenance costs. Composites are particularly advantageous for:
Offshore risers, jumpers, downlines, and piping systems
Topsides structures such as gratings, ladders, handrails, decking, and flooring
Specialized equipment including BOPs, frac balls, frac plugs, and accumulator bottles
Their low weight and high durability reduce installation and lifecycle costs while maintaining performance under extreme operating pressures (up to 20,000 psi), driving broader adoption across upstream and midstream operations.
Restraints
1. High Production and Fabrication Costs
The raw material costs for advanced composites, along with complex fabrication, assembly, and repair processes, make composites expensive compared to traditional steel or specialty alloys.
2. Mechanical Limitations
Composites may lack strength in the out-of-plane direction, are more susceptible to impact damage, and are harder to repair than metallic structures, limiting their use in some high-load applications.
3. Availability of Low-Cost Substitutes
Steel and specialty alloys remain widely available and cost-effective, offering competitive alternatives for many oil and gas applications, which restrains the market growth for composites.
Outlook Summary:
While high production costs and availability of low-cost substitutes may pose challenges, the combination of lightweight properties, corrosion resistance, and operational efficiency is expected to drive adoption across upstream and midstream segments. The market is projected to grow at a CAGR of 6-7% over the next 8-10 years, with North America and Europe leading adoption, followed by Asia Pacific and the Middle East as emerging growth regions.
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