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Worst May be Over for Composites in Oil and Gas Market; How Industry Players Will Regain Growth Cycle Again
Composites in Oil and Gas Market Latest Edition Published with Forecast to 2027- Jun 4, 2021
- Oil & Gas Refining & Marketing
AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Composites in Oil and Gas market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Composites in Oil and Gas market to grow at a CAGR of % .
The Fiber Type, such as Carbon, is boosting the Composites in Oil and Gas market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Resin Type, such as Phenolic, is boosting the Composites in Oil and Gas market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Composites in Oil and Gas market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Rising Demand for Non-Corrosive and Lightweight Material in the Oil & Gas Industry and Long Lifecycle and Low Maintenance Cost of Composites”.
Fiber reinforced polymer composites have found the extensive application. The largest market in the oil and gas industry is for glass fiber composites which are widely used for piping, tanks, frac plugs and balls and for offshore drilling application. Glass fiber based composites provide heat & corrosion resistance, strength, moisture, durability, flexibility and stability. Composites structures are tailored to provide strength characteristics which are comparable to those of metallic alloy structure.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Composites in Oil and Gas market , by Application (Tanks, Pipes, Top Side Applications and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Composites in Oil and Gas market
The Fiber Type, such as Carbon, is boosting the Composites in Oil and Gas market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Resin Type, such as Phenolic, is boosting the Composites in Oil and Gas market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Composites in Oil and Gas market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Fiber reinforced polymer composites have found the extensive application. The largest market in the oil and gas industry is for glass fiber composites which are widely used for piping, tanks, frac plugs and balls and for offshore drilling application. Glass fiber based composites provide heat & corrosion resistance, strength, moisture, durability, flexibility and stability. Composites structures are tailored to provide strength characteristics which are comparable to those of metallic alloy structure.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Composites in Oil and Gas market , by Application (Tanks, Pipes, Top Side Applications and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
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