An exciting new study from the team of Lucintel found that composites in the oil and gas market is expected to reach $1.4billion by 2026 with a CAGR of 6.5%. There are significant money making opportunities available in thismarket and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The composites in the oil and gas market are segmented based on resin type, end use application, and region. In this market, epoxy compositesare the largest segment by end use industry, whereas pipe is largest by end use application. Players can benefit from the available opportunities like growth in natural gas infrastructure projects, and awareness on the advantages of composite materials for oil and gas over traditional material.
The emergence of introduction of carbon fiber for oil and gas applications and on-site construction of FRP pipes to any length and diameter which exclude transportation and installation cost are emerging trends having impact on dynamics of the industry.
Owens corning, Jushi, CPIC, Nippon Electric Glass Co. Ltd., Huntsman, Hexion, and Olin Corporationare some of the major players profiled in this 194 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the composites in the oil and gas market by end use application (pipes, tanks, pultruded products, frac plugs and frac balls, and others), resin type (epoxy composites, polyester composites, phenolic composites, and polyethylene composites), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the composites in the oil and gas market?
Q.4 What are some changing demands of customers in the composites in the oil and gasmarket?
Q.5 What are the new developments in the composites in the oil and gasmarket? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this composites in the oil and gas area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this composites in the oil and gasmarket?
This unique report from Lucintelwill enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
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