Report Feature
The composites end product market for global oil and gas is expected to reach an estimated $1.6 billion by 2021. Composites in oil and gas market are forecast to grow at a CAGR of 4.3% by value from 2016 to 2021. The major drivers of growth for this market are increasing oil and gas drilling and exploration activities in future.
Emerging trends, which have a direct impact on the dynamics of composites in oil and gas industry, are 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.
A total of 110 figures / charts and 28 tables are provided in this 152-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of composites in oil and gas market report, download the report brochure.
The study includes a forecast for composites in the global oil and gas industry by region, end-use application, and material type as follows:
Emerging trends, which have a direct impact on the dynamics of composites in oil and gas industry, are 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.
A total of 110 figures / charts and 28 tables are provided in this 152-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of composites in oil and gas market report, download the report brochure.
The study includes a forecast for composites in the global oil and gas industry by region, end-use application, and material type as follows:
Composites in oil and gas market by region (Volume (Million Pounds) and $ Million shipment from 2010 to 2021):
- North America
- Europe
- Asia Pacific
- Rest of the World
Composites in oil and gas market by end use application (Volume (Million Pounds) and $ Million shipment from 2010 to 2021):
- Pipe
- Tank
- Pultruded Product
- Frac plugs and Frac balls
- Others
Composites in oil and gas market by material type (volume (Million Pounds) and $ Million shipment from 2010 to 2021):
- Epoxy Composites
- Polyester Composites
- Phenolic Composites
- Polyethylene Composites
Composites in oil and gas companies profiled in this market report include Owens corning, Jushi, CPIC, Hexion, Thai Epoxy.
In this market, polyester, epoxy, phenolic, and polyethylene composites are the materials used to manufacture various composite parts for oil and gas industry. Lucintel predicts that the demand for epoxy composites is expected to experience the highest growth in the forecast period, supported by its high performance characteristics such as low shrinkage, excellent adhesion, effective electrical insulation, high chemical, and solvent resistance properties.
Within composites in the oil and gas industry, pipe application is expected to remain as the largest market by value and volume consumption. The tank application is expected to experience the highest growth in the forecast period. Increasing new installation and replacement of old underground storage tanks are the major driving forces that spur the growth for this segment over the forecast period.
North America is expected to remain the largest market due to growth in natural gas infrastructure projects, and awareness on the advantages of composite materials for oil and gas over traditional material.
In this market, polyester, epoxy, phenolic, and polyethylene composites are the materials used to manufacture various composite parts for oil and gas industry. Lucintel predicts that the demand for epoxy composites is expected to experience the highest growth in the forecast period, supported by its high performance characteristics such as low shrinkage, excellent adhesion, effective electrical insulation, high chemical, and solvent resistance properties.
Within composites in the oil and gas industry, pipe application is expected to remain as the largest market by value and volume consumption. The tank application is expected to experience the highest growth in the forecast period. Increasing new installation and replacement of old underground storage tanks are the major driving forces that spur the growth for this segment over the forecast period.
North America is expected to remain the largest market due to growth in natural gas infrastructure projects, and awareness on the advantages of composite materials for oil and gas over traditional material.
Table of Contents
1. Executive Summary
3.3: Industry Drivers and Challenges
6. Company Profiles of Leading Players
3.2.1: Macroeconomic Trends
3.2.2: Trends of Composites in the Global Oil and Gas Market by Value and Volume
3.2.3: Trends of Composites in the North American Oil and Gas Market by Value and Volume
3.2.4: Trends of Composites in the European Oil and Gas Market by Value and Volume
3.2.5: Trends of Composites in the APAC Oil and Gas Market by Value and Volume
3.2.6: Trends of Composites in the ROW Oil and Gas Industry by Value and Volume
3.2.7: Trends of Raw Materials from 2010 to 2015
3.4.1: Macroeconomic Forecast
3.4.2: Forecast for Composites in the Global Oil and Gas Industry by Value and Volume
3.4.3: Forecast for Composites in the North American Oil and Gas Industry by Value and Volume
3.4.4: Forecast for Composites in the European Oil and Gas Industry by Value and Volume
3.4.5: Forecast for Composites in the APAC Oil and Gas Industry by Value and Volume
3.4.6: Forecast for Composites in the ROW Oil and Gas Industry by Value and Volume
3.4.7: Forecast for Raw Materials from 2016 to 2021
List of Figures
Figure 2.1: Manufacturing Process of Composites in the Oil and Gas Industry
Figure 2.2: A Filament Winding Machine
Figure 2.3: Chopper Guns Used for Spray-Up Process
Figure 2.4: Pultrusion Process
Figure 2.5: Classification of Composites in the Global Oil and Gas Industry by End Use Application Segment and Raw Material Type
Figure 2.6: Applications for Composites in the Global Oil and Gas Industry
Figure 2.7: Composite Pipes Used in Oil and Gas Application
Figure 2.8: Tanks Used in Composite Oil and Gas Applications
Figure 2.9: Composite Pressure Vessel Cylinders
Figure 2.12: Composite Repair Used in the Oil and Gas Industry
Figure 2.13: Composite Bearing and Bushes Used in the Oil and Gas Industry
Figure 2.14: Composite Sucker Rod Used in the Oil and Gas Industry
Figure 2.15: Supply Chain for Composites in the Global Oil and Gas Industry
Figure 3.1: Composites in the Global Oil and Gas Industry Distribution ($ Million) by End Use Application Segment in 2015
Figure 3.2: Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment in 2015
Figure 3.3: Composites in the Global Oil and Gas Industry Distribution (Million Pounds) by End Use Application Segment in 2015
Figure 3.4: Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment in 2015
Figure 3.5: Composites in the Global Oil and Gas Industry Distribution ($ Million) by Region in 2015
Figure 3.6: Composites in the Global Oil and Gas Industry (Million Pounds) by Region in 2015
Figure 3.7: Trends of the Global GDP Growth Rate
Figure 3.8: Trends of the Global Population Growth Rate
Figure 3.9: Trends of the Global Inflation Rate
Figure 3.10: Trends of the Global Unemployment Rate
Figure 3.11: Trends of the Regional GDP Growth Rate
Figure 3.12: Trends of the Regional Population Growth Rate
Figure 3.13: Trends of the Global Oil and Gas Rig Count. (Source: Baker Hughes)
Figure 3.14: Trends of the Regional Inflation Rate
Figure 3.15: Trends of the Regional Unemployment Rate
Figure 3.16: Trends of Composites in the Global Oil and Gas Industry from 2010 to 2015
Figure 3.17: Trends of Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.18: CAGR of Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.19: Growth of Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2014 to 2015
Figure 3.20: Trends of Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.21: CAGR of Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.22: Growth of Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2014 to 2015
Figure 3.23: Trends of Composites in the North American Oil and Gas Industry from 2010 to 2015
Figure 3.24: Trends of Composites in the North American Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.25: CAGR of Composites in the North American Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.26: Growth of Composites in the North American Oil and Gas Industry ($ Million) by End Use Application Segment from 2014 to 2015
Figure 3.27: Trends of Composites in the North American Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.28: CAGR of Composites in the North American Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.29: Trends of Composites in the European Oil and Gas Industry from 2010 to 2015
Figure 3.30: Trends of Composites in the European Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.31: CAGR of Composites in the European Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.32: Trends of Composites in the European Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.33: CAGR of Composites in the European Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.34: Trends of Composites in the APAC Oil and Gas Industry from 2010 to 2015
Figure 3.35: Trends of Composites in the APAC Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.36: CAGR of Composites in the APAC Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.37: Trends of Composites in the APAC Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.38: CAGR of Composites in the APAC Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.39: Trends of Composites in the ROW Oil and Gas Industry from 2010 to 2015
Figure 3.40: Trends of Composites in the ROW Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.41: CAGR of Composites in the ROW Oil and Gas Industry ($ Million) by End Use Application Segment from 2010 to 2015
Figure 3.42: Trends of Composites in the ROW Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.43: CAGR of Composites in the ROW Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2010 to 2015
Figure 3.44: Trends of Composites in the Global Oil and Gas Industry (Million Pounds) by Material Type from 2010 to 2015
Figure 3.45: CAGR of Composites in the Global Oil and Gas Industry (Million Pounds) by Material Type from 2010 to 2015
Figure 3.46: Drivers and Challenges of Composites in the Global Oil and Gas Industry
Figure 3.47: Forecast for the Global GDP Growth Rate
Figure 3.48: Forecast for the Global Population Growth Rate
Figure 3.49: Forecast for the Global Inflation Rate
Figure 3.50: Forecast for the Global Unemployment Rate
Figure 3.51: Forecast for the Regional GDP Growth Rate
Figure 3.52: Forecast for the Regional Population Growth Rate
Figure 3.53: Forecast for the Regional Inflation Rate
Figure 3.54: Forecast for the Regional Unemployment Rate
Figure 3.55: Forecast for Composites in the Global Oil and Gas Industry from 2016 to 2021
Figure 3.56: Forecast for Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.57: CAGR Forecast for Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.58: Growth of Composites in the Global Oil and Gas Industry ($ Million) by End Use Application Segment from 2015 to 2016
Figure 3.59: Forecast for Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.60: CAGR Forecast for Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.61: Growth of Composites in the Global Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2015 to 2016
Figure 3.62: Forecast for Composites in the North American Oil and Gas Industry from 2016 to 2021
Figure 3.63: Forecast for Composites in the North American Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.64: CAGR Forecast for Composites in the North American Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.65: Forecast for Composites in the North American Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.66: CAGR Forecast for Composites in the North American Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.67: Forecast for Composites in the European Oil and Gas Industry from 2016 to 2021
Figure 3.68: Forecast for Composites in the European Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.69: CAGR Forecast for Composites in the European Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.70: Forecast for Composites in the European Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.71: CAGR Forecast for Composites in the European Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.72: Forecast for Composites in the APAC Oil and Gas Industry from 2016 to 2021
Figure 3.73: Forecast for Composites in the APAC Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.74: CAGR Forecast for Composites in the APAC Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.75: Forecast for Composites in the APAC Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.76: CAGR Forecast for Composites in the APAC Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.77: Forecast for Composites in the ROW Oil and Gas Industry from 2016 to 2021
Figure 3.78: Forecast for Composites in the ROW Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.79: CAGR Forecast for Composites in the ROW Oil and Gas Industry ($ Million) by End Use Application Segment from 2016 to 2021
Figure 3.80: Forecast for Composites in the ROW Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.81: CAGR Forecast for Composites in the ROW Oil and Gas Industry (Million Pounds) by End Use Application Segment from 2016 to 2021
Figure 3.82: Forecast for Composites in the Global Oil and Gas Industry (Million Pounds) by Material Type from 2016 to 2021
Figure 3.83: Growth of Composites in the Global Oil and Gas Industry (Million Pounds) by Material Type from 2015 to 2016
Figure 4.1: Major Composite Suppliers in the Global Oil and Gas Industry
Figure 4.2: Market Share Analysis of Top Composite Players in the Global Oil and Gas Industry in 2015
Figure 4.3: Market Share of Top Five Composite Suppliers in Terms of $ Value in the Global Oil and Gas Industry in 2015
Figure 4.4: Major Composite Suppliers in the Global Oil and Gas Industry
Figure 4.5: Porter’s Five Forces Industry Analysis for Composites in the Global Oil and Gas Industry
Figure 5.1: Opportunities for Composites in the Global Oil and Gas Industry by End Use Application Segment
Figure 5.2: Opportunities for Composites in the Global Oil and Gas Industry by Region
Figure 5.3: Emerging Trends of Composites in the Global Oil and Gas Industry
Figure 5.4: Strategic Initiatives by Major Competitors in 2015
Figure 5.5: Strategic Initiatives by Major Competitors in 2014
Figure 5.6: Year-over-Year Study of the Strategic Initiatives by Major Competitors in the Global Oil and Gas Market
Figure 5.7: Major Capacity Expansions for Composites in the Global Oil and Gas Market
List of Tables
Table 3.1: Market Trends (2010-2015) of Composites in the Global Oil and Gas Market
Table 3.2: Average Growth Rates for One, Three, and Five Years of Composites in the Global Oil and Gas Market in Terms of Value $M
Table 3.3: Market Size and 2010-2015 CAGR of Composites in the Global Oil and Gas Market by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.4: Market Trends (2010-2015) of Composites in the North American Oil and Gas Industry
Table 3.5: Market Size and 2010-2015 CAGR of Composites in the North American Oil and Gas Industry by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.6: Market Trends (2010-2015) of Composites in the European Oil and Gas Industry
Table 3.7: Market Size and 2010-2015 CAGR of Composites in the European Oil and Gas Industry by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.8: Market Trends (2010-2015) of Composites in the APAC Oil and Gas Industry
Table 3.9: Market Size and 2010-2015 CAGR of Composites in the APAC Oil and Gas Industry by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.10: Industry Trend (2010-2015) of Composites in the ROW Oil and Gas Industry
Table 3.11: Market Size and 2010-2015 CAGR of Composites in the ROW Oil and Gas Industry by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.12: Market Trends (2016-2021) of Composites in the Global Oil and Gas Industry
Table 3.13: Market Size and CAGR of Composites in the Global Oil and Gas Industry by End Use Application Segment from 2016 to 2021 in Terms of Value and Volume Shipments
Table 3.14: Market Forecast (2016-2021) for Composites in the North American Oil and Gas Industry
Table 3.15: Market Size and 2016-2021 CAGR of Composites in the North American Oil and Gas Market by Application in Terms of Value and Volume Shipments
Table 3.16: Market Forecast (2016-2021) for Composites in the European Oil and Gas Industry
Table 3.17: Market Size and CAGR of Composites in the European Oil and Gas Industry by End Use Application Segment from 2016 to 2021 in Terms of Value and Volume Shipments
Table 3.18: Market Forecast (2016-2021) for Composites in the APAC Oil and Gas Industry
Table 3.19: Market Size and CAGR of Composites in the APAC Oil and Gas Industry by End Use Application Segment in Terms of Value and Volume Shipments
Table 3.20: Market Forecast (2016-2021) for Composites in the ROW Oil and Gas Industry
Table 4.1: Industry-wide Product Mapping for Composites in Global Oil and Gas Industry Based on Segments
Table 4.2: Global Market Share of Composite Suppliers in Oil and Gas Industry in 2015
Table 4.3: Operational Integration Mapping for Composite Manufacturers in the Global Oil and Gas Industry
Table 4.4: Operational Integration Mapping for Composite Manufacturers in the Global Oil and Gas Industry
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth for composites in the global oil and gas market by applications, by material type, and region?
- • Which product segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
- • What are the business risks and competitive threats in this market?
- • What are emerging trends in this market and reasons behind them?
- • What are some changing demands of customers in the market?
- • What are the new developments in the market and which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
- • What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
- • What M & A activities has transpired in the last 5 years in this market and what is its impact on the industry?
