Over the last few years, there has been immense growth in the chemical industry. Additionally, the composites market have largely flourished. Composites are primarily employed within the oil and gas industry because of their unique qualities, such as lightweight, corrosion resistance, and ease of installation, making them ideal for demanding applications. The increased usage of composites in oil and gas industry will largely aid the market growth even within the forecasted period.
Frequently Asked Questions
The market is segmented based on Global Oil and Gas Composites Market Segmentation, By Resin Type (Epoxy, Polyester, Phenolic resin, Others), Fiber Type (Glass Fiber, Carbon Fiber), Product Type (Glass Reinforced Plastics, Glass Reinforced Epoxy Resin, Glass Reinforced Vinyl Ester, Reinforced Thermoplastic), Application (Piping System, Grinds/Grating, Flexible Tubes, Composite Risers, Caissons and Pull Tubes, Top Side Applications, Pipes, Others) – Industry Trends and Forecast to 2032
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The Global Oil And Gas Composites Market size was valued at USD 2.30 USD Billion in 2024.
The Global Oil And Gas Composites Market is projected to grow at a CAGR of 5.1% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
