Composites in Oil and Gas Industry Market

Composites in Oil and Gas Industry Market by Resin Type (Epoxy, Polyester, and Phenolic), Fiber Type (Glass and Carbon), Application (Pipes, Tanks, and Top Side Applications), and Region - Global Forecasts to 2021

Report Code: CH 4567 Sep, 2016, by marketsandmarkets.com

[156 Pages Report] The oil & gas composites market was valued at USD 1,482.0 million in 2015 and is projected to reach USD 1,986.0 million by 2021, at a CAGR of 5.0% during the forecast period. In this study, 2015 has been considered as the base year, while the forecast period is from 2016 to 2021.

Market Dynamics

Drivers

  • Increasing demand for non-corrosive and lightweight materials in the oil & gas industry
  • Long life cycle and low maintenance cost of composites

Opportunities

  • Boom in hydraulic fracturing creates new opportunities for composites
  • Increasing demand from growing economies

Challenges

  • High production cost and availability of low cost substitutes

Increasing demand for non-corrosive and lightweight materials in the oil & gas industry

The increasing usage of composites in the oil & gas applications provides various advantages such as light weight, high corrosion resistance, and that they are well-suited to the increasing operating pressures which can reach 20,000 psi. Additionally, the low weight of composites results in lower installation costs and high corrosion resistance property in harsh environmental conditions, making composites components a maintenance free solution in the oil & gas industry.  These properties of composites have resulted in the replacement of corrosion-resistant materials for the construction of oil & gas components. The composites in the oil & gas industry are being widely used in structures such as piping systems, jumpers, risers, downline, gratings, ladders, walkways, handrails, decking, flooring, fracballs, fracplugs, flexible tubes, composite riders, accumulator bottles, BOP, caissons, among other applications..

Objectives of the Study:

  • To define, describe, and forecast the oil & gas composites market on the basis of resin type, fiber type, application, and region
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2
  • Note1: Micromarkets are the subsegments of the oil & gas composites market included in the report
  • Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market

    The research methodology used to estimate and forecast the oil & gas composites market begins with capturing data on key company revenues and raw material costs through secondary research. The product offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global oil & gas composites foam from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

    The figure below illustrates the breakdown of profiles of primary interview participants.

    Composites in Oil and Gas Industry Market

    To know about the assumptions considered for the study, download the pdf brochure

    The market for oil and gas composites has a diversified and established ecosystem of its upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, end users, and government organizations. Some of the manufacturers of oil and gas composites include Airborne Oil & Gas (Netherlands), GE Oil & Gas (U.K.), Magma Global Limited (U.K.), National Oilwell Varco (U.S.), Vello Nordic AS (Norway), Schlumberger Limited (U.S.), Halliburton (U.S.), Strongwell Corporation (U.S.), Enduro Composites, Inc. (U.S.), and ZCL Composite (Canada) and others.

    Major Market Developments

    • In May 2016, GE Oil & Gas planned to manufacture hybrid flexible composite riser which will weigh up to 30% less than conventional pipe. This may help the company to provide operational capability in water depths of 2500–3000 m.
    • In April 2016, Magma Global Limited partnered with Victrex Polymer Solution (Lancashire, U.K.), a division of Victrex (Lancashire, U.K.) to develop deep water subsea oil & gas pipe solutions. This helped the company in providing solutions for hydraulic pumping and light well intervention in the Gulf of Mexico.
    • In March 2016, Airborne Oil & Gas B.V. entered into a partnership with Hydrasun (Aberdeen, U.K.), one of the world’s leading providers of integrated fluid transfer, power, and control solutions to the oil & gas industry. This strategic move helped the company for faster delivery of TCP jumpers thereby increasing its market share.

    Key Target Audience:

    • Oil & Gas Composites Manufacturers
    • Oil & Gas Composites Traders, Distributors, and Suppliers
    • Raw Material Suppliers
    • Governments and Research Organizations
    • Associations and Industrial Bodies
    • R&D Institutions

    Scope Of The Report

    The research report segments the oil & gas composites market to following submarkets:

    By Resin Type:

    • Epoxy
    • Polyester
    • Phenolic
    • Others

    By Fiber Type:

    • Glass
    • Carbon

    By Application:

    • Pipes
    • Tanks
    • Top Side Applications
    • Others

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • ME&A
    • Latin America

    Each region has been further segmented into key countries in that region.

    Critical questions which the report answers

    • What are the upcoming trends for oil & gas composites in developing nations?
    • Which are the key players in the market and how intense is the competition?

    Available Customizations:

    With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

    Product Analysis

    • Product matrix which gives a detailed comparison of product portfolio of each company

    Geographic Analysis

    • Further breakdown of the North America oil & gas composites market
    • Further breakdown of the Europe oil & gas composites market
    • Further breakdown of the Asia-Pacific oil & gas composites market
    • Further breakdown of the RoW oil & gas composites market

    Company Information

    • Detailed analysis and profiling of additional market players

    The oil & gas composites market is estimated at USD 1,482.0 million in 2015 and is projected to reach USD 1,986.0 million by 2021, at a CAGR of 5.0% from 2016 to 2021. The increasing demand of non-corrosive and lightweight materials in oil and gas industry and low maintenance cost of composites are the key drivers of the global oil and composites market.

    The pipes applications in oil and gas composites market is projected to be the fastest-growing application between 2016 and 2021. This growth is attributed to the increase in production of shale gas and growing hydraulic fracturing activities, thereby increasing the demand of composites risers, jumpers, flowline, and so on. This is because these composite components offers complete solutions against highly corrosive fluids and harsh environment conditions at various temperature, pressure, adverse weather, and soil conditions.

    Fluctuation in raw material prices and the availability of low-cost substitutes are the major restraints in the oil & gas composites market. Many low-cost substitutes of composites are available in market, including steel, copper-nickel alloys, duplex/super duplex stainless steel, titanium, and so on. High prices of glass fiber and carbon fiber in comparison to traditional materials such as steel, titanium, and copper-nickel alloys are preventing the mass adoption and utilization of composites in oil & gas industry applications. Many applications of composites have been discovered; however, these are not yet commercialized owing to high costs.

    Composites in Oil and Gas Industry Market

    Asia-Pacific is projected to register the highest CAGR, in terms of value and volume, between 2016 and 2021. The growth is mainly attributed to the rising demand for superior properties exhibited by the product from applications including pipes, tanks, top side applications and others. It is also backed by increasing partnerships, agreements & contracts and other development strategies. These are some of the key growth factors driving the market in Asia-Pacific.

    The oil & gas composites market by application type is segmented into pipes, tanks, and top side applications among others.

    Pipes

    Composites pipes are gaining importance in the oil & gas industry because they provide more structural strength compared to the metallic alloys and are light in weight. Composite pipes generally use glass fiber reinforced polymers and offer complete solutions against highly corrosive fluids and harsh environment conditions at various temperatures, pressure, adverse weather, and soil conditions. Composite pipes are used in oil transportation, onshore fields, and offshore fields.

    Tanks

    Composite tanks are the second biggest application after pipes in the oil & gas composites market. In the oil & gas industry, composite tanks are most widely used for the storage of the fluid transported through pipe systems. The increasing problem of corrosion and underground leakage has widely led to the adoption of composite materials for the construction of tanks.

    Top Side Applications

    Top side applications include grids/gratings, hand rails, ladders, decking, and flooring. These are being widely used globally on fixed and floating off-shore platforms. However, in top side applications, corrosion is a major problem due to its contact with the water most of the time which creates a huge the expense for the oil & gas industry. Therefore, the use of composites helps to reduce the life cycle costs of the installation and do not corrode like metals or rot like woods. It helps to increase their durability and weight-saving capability over metal.

    Critical questions the report answers:

    • What are the upcoming hot bets for the oil & gas composites market?
    • How market dynamics is with regards to development of new applications of oil & gas composites?

    The market for oil and gas composites is rapidly gaining importance; however, few factors, such as capital-intensiveness of the industry, availability of low-cost substitutes, and high initial and production costs are some of the major challenges and restraints faced by the oil and gas composites market. Airborne Oil & Gas (Netherlands), GE Oil & Gas (UK), Magma Global Limited (UK), National Oilwell Varco (US), Vello Nordic AS (Norway), Schlumberger Limited (US), and Halliburton (US) are the few leading players in the oil & gas composites market.

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

  • Table of Contents

    1 Introduction (Page No. - 15)
        1.1 Objectives of the Study
        1.2 Market Definition
        1.3 Market Scope
               1.3.1 Markets Covered
               1.3.2 Years Considered for the Study
        1.4 Currency
        1.5 Limitations
        1.6 Stakeholders

    2 Research Methodology (Page No. - 19)
        2.1 Research Data
               2.1.1 Secondary Data
                        2.1.1.1 Key Data From Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Key Data From Primary Sources
                        2.1.2.2 Key Industry Insights
                        2.1.2.3 Breakdown of Primary Interviews
        2.2 Market Size Estimation
               2.2.1 Bottom-Up Approach
               2.2.2 Top-Down Approach
        2.3 Data Triangulation
        2.4 Research Assumptions

    3 Executive Summary (Page No. - 27)

    4 Premium Insights (Page No. - 31)
        4.1 Market Size of Composites in Oil and Gas Industry, in Terms of Value, 2016–2021
        4.2 Market by Resin Type
        4.3 Market of Composites in Oil and Gas Industry
        4.4 Market Share (Value), by Country
        4.5 Market Size, by Fiber Type
        4.6 Market Size, by Application

    5 Macro Economic Overview and Key Drivers (Page No. - 35)
        5.1 Introduction
        5.2 Trends and Forecast of GDP
        5.3 Per Capita GDP vs Per Capita Composite Materials Demand
        5.4 Trend of Production and Consumption of Oil
               5.4.1 Trend of Oil Production
               5.4.2 Trend of Oil Consumption
        5.5 Trend of Production and Consumption of Gas
               5.5.1 Trend of Gas Production
               5.5.2 Trend of Gas Consumption
        5.6 Outlook of Oil & Gas Industry
               5.6.1 Trends and Forecasts of Fluctuating Oil Prices, USD Per Billion Barrel, 2012-2021
               5.6.2 Trends and Forecasts of Fluctuating Natural Gas Prices, USD Per Mmbtu, 2012-2021

    6 Market Overview (Page No. - 46)
        6.1 Introduction
        6.2 Market Segmentation
               6.2.1 Market of Composites in Oil and Gas Industry, By Fiber Type
               6.2.2 Market of Composites in Oil & Gas Industry, By Resin Type
               6.2.3 Market of Composites in Oil and Gas Industry, By Application
        6.3 Market Dynamics
               6.3.1 Drivers
                        6.3.1.1 Increasing Demand for Non-Corrosive and Lightweight Materials in the Oil & Gas Industry
                        6.3.1.2 Long Life Cycle and Low Maintenance Cost of Composites
               6.3.2 Restraints
                        6.3.2.1 Variation in Prices of Oil & Gas
               6.3.3 Opportunities
                        6.3.3.1 Boom in Hydraulic Fracturing Creates New Opportunities for Composites
                        6.3.3.2 Increasing Demand From Growing Economies
               6.3.4 Challenges
                        6.3.4.1 High Production Cost and Availability of Low Cost Substitutes

    7 Industry Trends (Page No. - 53)
        7.1 Introduction
        7.2 Value Chain Analysis
        7.3 Porter’s Five Forces Analysis
               7.3.1 Threat of New Entrants
               7.3.2 Threat of Substitutes
               7.3.3 Bargaining Power of Buyers
               7.3.4 Bargaining Power of Suppliers
               7.3.5 Intensity of Rivalry

    8 Composites in Oil & Gas Industry Market, by Fiber Type (Page No. - 57)
        8.1 Introduction
        8.2 Glass Fiber Composites
               8.2.1 Introduction
               8.2.2 Market of Glass Fiber-Based, by Region
        8.3 Carbon Fiber Composites
               8.3.1 Introduction
                        8.3.1.1 Chopped Carbon Fiber
                        8.3.1.2 Continuous Carbon Fiber
               8.3.2 Market of Carbon Fiber-Based, by Region

    9 Composites in Oil and Gas Industry Market, by Resin Type (Page No. - 64)
        9.1 Introduction
        9.2 Epoxy Resin
        9.3 Polyester Resin
        9.4 Phenolic Resins
        9.5 Other Resins
               9.5.1 Polyethylene Resins
               9.5.2 Polyamide Resins
               9.5.3 Peek Resins
               9.5.4 Vinyl Ester Resins

    10 Composites in Oil & Gas Industry Market, by Application (Page No. - 74)
         10.1 Introduction
         10.2 Pipes
                 10.2.1 Risers
                 10.2.2 Jumpers
                 10.2.3 Downline
         10.3 Tanks
         10.4 Top Side Applications
                 10.4.1 Grids/Gratings
                 10.4.2 Ladders
                 10.4.3 Handrail
                 10.4.4 Decking
         10.5 Others
                 10.5.1 Frac Plugs and Frac Balls
                 10.5.2 Flexible Tubes
                 10.5.3 Composite Riders
                 10.5.4 Accumulator Bottles
                 10.5.5 Caissons

    11 Composites in Oil and Gas Industry Market, By Region (Page No. - 85)
         11.1 Introduction
         11.2 North America
                 11.2.1 U.S.
                 11.2.2 Canada
         11.3 Europe
                 11.3.1 U.K.
                 11.3.2 Norway
                 11.3.3 Netherlands
                 11.3.4 Denmark
                 11.3.5 Russia
                 11.3.6 Italy
                 11.3.7 Germany
                 11.3.8 Rest of Europe
         11.4 Asia-Pacific
                 11.4.1 China
                 11.4.2 Australia
                 11.4.3 India
                 11.4.4 Thailand
                 11.4.5 Malaysia
                 11.4.6 Rest of Asia-Pacific
         11.5 ME&A
                 11.5.1 Saudi Arabia
                 11.5.2 UAE
                 11.5.3 Qatar
                 11.5.4 Nigeria
                 11.5.5 Rest of ME&A
         11.6 Latin America
                 11.6.1 Brazil
                 11.6.2 Mexico
                 11.6.3 Venezuela
                 11.6.4 Rest of Latin America

    12 Competitive Landscape (Page No. - 114)
         12.1 Overview
         12.2 Competitive Situation and Trends
                 12.2.1 Agreements, Partnerships, & Contracts
                 12.2.2 Expansions & Investments
                 12.2.3 New Product Launches
                 12.2.4 Mergers & Acquisitions

    13 Company Profiles (Page No. - 122)
    (Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
         13.1 Introduction
         13.2 Airborne Oil & Gas
         13.3 GE Oil & Gas
         13.4 Magma Global Limited
         13.5 National Oilwell Varco
         13.6 Vello Nordic as
         13.7 Schlumberger Limited
         13.8 Halliburton
         13.9 Strongwell Corporation
         13.10 Enduro Composites Inc.
         13.11 ZCL Composites
         13.12 Other Key Players

    *Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

    14 Appendix (Page No. - 150)
         14.1 Insights of Industry Experts
         14.2 Discussion Guide
         14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
         14.4 Introducing RT: Real Time Market Intelligence
         14.5 Available Customizations
         14.6 Related Reports


    List of Tables (84 Tables)

    Table 1 Composites in Oil & Gas Industry Market Size (USD Million and Kiloton), 2014–2021
    Table 2 Trends and Forecast of GDP, USD Billion
    Table 3 Per Capita GDP vs Per Capita Composite Materials Demand, 2015
    Table 4 Trend of Oil Production, Thousand Barrels Per Day (2011-2015)
    Table 5 Trend of Oil Consumption, Thousand Barrels Per Day (2011-2015)
    Table 6 Trend of Gas Production, Billion Cubic Meters (2011-2015)
    Table 7 Trend of Gas Consumption, Billion Cubic Meters (2011-2015)
    Table 8 Oil & Gas Prices, 2012-2016
    Table 9 Market Size, by Fiber Type, 2014–2021 (USD Million)
    Table 10 Market Size, by Fiber Type, 2014–2021 (Kiloton)
    Table 11 Market Size, by Region, 2014–2021 (USD Million)
    Table 12 Composites in Oil and Gas Industry Market Size, by Region, 2014–2021 (Kiloton)
    Table 13 Market Size, by Region, 2014–2021 (USD Million)
    Table 14 Composites in Oil and Gas Industry Market Size, by Region, 2014–2021 (Kiloton)
    Table 15 Market Size, by Resin Type, 2014–2021 (USD Million)
    Table 16 Market Size, by Resin Type, 2014–2021 (Kiloton)
    Table 17 Market Size of Epoxy Resin-Based Composites in Oil and Gas Industry, By Region, 2014–2021 (USD Million)
    Table 18 Market Size of Epoxy Resin-Based Composites in Oil & Gas Industry, By Region, 2014–2021 (Kiloton)
    Table 19 Market Size of Polyester Resin-Based, by Region, 2014–2021 (USD Million)
    Table 20 Composites in Oil and Gas Industry Market Size of Polyester Resin-Based, by Region, 2014–2021 (Kiloton)
    Table 21 Market Size of Phenolic Resin-Based, by Region, 2014–2021 (USD Million)
    Table 22 Composites in Oil and Gas Industry Market Size of Phenolic Resin-Based, by Region, 2014–2021 (Kiloton)
    Table 23 Market Size of Other Resin-Based, by Region, 2014–2021 (USD Million)
    Table 24 Market Size of Other Resin-Based, by Region, 2014–2021 (Kiloton)
    Table 25 Composites in Oil and Gas Industry Market Size, by Application, 2014–2021 (USD Million)
    Table 26 Composites in Oil & Gas Industry Market Size, by Application, 2014–2021 (Kiloton)
    Table 27 Market Size of Composites in Oil and Gas Industry in Pipes Application, By Region, 2014–2021 (USD Million)
    Table 28 Market Size in Pipes Application, By Region, 2014–2021 (Kiloton)
    Table 29 Composites in Oil and Gas Industry Market Size in Tanks Application, By Region, 2014–2021 (USD Million)
    Table 30 Market Size in Tanks Application, By Region, 2014–2021 (Kiloton)
    Table 31 Composites in Oil & Gas Industry Market Size in Top Side Applications, By Region, 2014–2021 (USD Million)
    Table 32 Market Size of Composites in Oil & Gas Industry in Top Side Applications, By Region, 2014–2021 (Kiloton)
    Table 33 Composites in Oil & Gas Industry Market Size in Other Applications, By Region, 2014–2021 (USD Million)
    Table 34 Composites in Oil and Gas Industry Market Size in Others Application, By Region, 2014–2021 (Kiloton)
    Table 35 Composites in Oil & Gas Industry Market Size, by Region, 2014–2021 (USD Million)
    Table 36 Market Size of Composites in Oil & Gas Industry, By Region, 2014–2021 (Kiloton)
    Table 37 North America: Composites in Oil and Gas Industry Market Size, By Resin Type, 2014–2021 (USD Million)
    Table 38 North America: Market Size, By Resin Type, 2014–2021 (Kiloton)
    Table 39 North America: Market Size, By Fiber Type, 2014–2021 (USD Million)
    Table 40 North America: Market Size, By Fiber Type, 2014–2021 (Kiloton)
    Table 41 North America: Market Size, By Application, 2014–2021 (USD Million)
    Table 42 North America: Market Size, By Application, 2014–2021 (Kiloton)
    Table 43 North America: Composites in Oil and Gas Industry Market Size, By Country, 2014–2021 (USD Million)
    Table 44 North America: Market Size, By Country, 2014–2021 (Kiloton)
    Table 45 Europe: Rig Counts, By Country, 2015
    Table 46 Europe: Composites in Oil and Gas Industry Market Size, By Resin Type, 2014–2021 (USD Million)
    Table 47 Europe: Market Size, By Resin Type, 2014–2021 (Kiloton)
    Table 48 Europe: Market Size, By Fiber Type, 2014–2021 (USD Million)
    Table 49 Europe: Market Size, By Fiber Type, 2014–2021 (Kiloton)
    Table 50 Europe: Composites in Oil and Gas Industry Market Size, By Application, 2014–2021 (USD Million)
    Table 51 Europe: Market Size, By Application, 2014–2021 (Kiloton)
    Table 52 Europe: Market Size, By Country, 2014–2021 (USD Million)
    Table 53 Europe: Composites in Oil and Gas Industry Market Size, By Country, 2014–2021 (Kiloton)
    Table 54 Asia-Pacific: Rig Counts, By Country, 2015
    Table 55 Asia-Pacific: Composites in Oil and Gas Industry Market Size, By Resin Type, 2014–2021 (USD Million)
    Table 56 Asia-Pacific: Market Size, By Resin Type, 2014–2021 (Kiloton)
    Table 57 Asia-Pacific: Market Size, By Fiber Type, 2014–2021 (USD Million)
    Table 58 Asia-Pacific: Composites in Oil and Gas Industry Market Size, By Fiber Type, 2014–2021 (Kiloton)
    Table 59 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
    Table 60 Asia-Pacific: Market Size, By Application, 2014–2021 (Kiloton)
    Table 61 Asia-Pacific: Market Size, By Country, 2014–2021 (USD Million)
    Table 62 Asia-Pacific: Market Size, By Country, 2014–2021 (Kiloton)
    Table 63 ME&A: Rig Counts, By Country, 2015
    Table 64 ME&A: Composites in Oil & Gas Industry Market Size, By Resin Type, 2014–2021 (USD Million)
    Table 65 ME&A: Market Size, By Resin Type, 2014–2021 (Kiloton)
    Table 66 ME&A: Market Size, By Fiber Type, 2014–2021 (USD Million)
    Table 67 ME&A: Market Size, By Fiber Type, 2014–2021 (Kiloton)
    Table 68 ME&A: Composites in Oil and Gas Industry Market Size, By Application, 2014–2021 (USD Million)
    Table 69 ME&A: Market Size, By Application, 2014–2021 (Kiloton)
    Table 70 ME&A: Market Size, By Country, 2014–2021 (USD Million)
    Table 71 ME&A: Market Size, By Country, 2014–2021 (Kiloton)
    Table 72 Latin America: Rig Counts, By Country, 2015
    Table 73 Latin America: Composites in Oil & Gas Industry Market Size, By Resin Type, 2014–2021 (USD Million)
    Table 74 Latin America: Market Size, By Resin Type, 2014–2021 (Kiloton)
    Table 75 Latin America: Market Size, By Fiber Type, 2014–2021 (USD Million)
    Table 76 Latin America: Market Size, By Fiber Type, 2014–2021 (Kiloton)
    Table 77 Latin America: Market Size, By Application, 2014–2021 (USD Million)
    Table 78 Latin America: Market Size, By Application, 2014–2021 (Kiloton)
    Table 79 Latin America: Market Size, By Country, 2014–2021 (USD Million)
    Table 80 Latin America: Market Size, By Country, 2014–2021 (Kiloton)
    Table 81 Agreements, Partnerships & Contracts, 2011–2016
    Table 82 Expansions & Investments, 2011–2016
    Table 83 New Product Launches, 2011–2016
    Table 84 Mergers & Acquisitions


    List of Figures (61 Figures)

    Figure 1 Composites in Oil & Gas Industry Market Segmentation
    Figure 2 Market of Composites in Oil & Gas Industry: Research Design
    Figure 3 Key Industry Insights
    Figure 4 Breakdown of Primary Interviews
    Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
    Figure 6 Market Size Estimation Methodology: Top-Down Approach
    Figure 7 Data Triangulation Methodology:
    Figure 8 Epoxy Resin to Witness Highest Growth in Composites in Oil & Gas Industry Market, 2016–2021
    Figure 9 Glass Fiber to Dominate Market of Composites in Oil and Gas Industry, By Fiber Type
    Figure 10 Pipes to Be Largest Application in Composites in Oil & Gas Industry Market
    Figure 11 Asia-Pacific to Be Fastest-Growing Region in Composites in Oil and Gas Industry Market
    Figure 12 Attractive Opportunities in Market of Composites in Oil & Gas Industry
    Figure 13 Epoxy to Be Fastest-Growing Resin Type in Market of Composites in Oil & Gas Industry
    Figure 14 North America Dominates Market of Composites in Oil & Gas Industry
    Figure 15 U.S. Commands Majority Share in Market of Composites in Oil & Gas Industry
    Figure 16 Carbon Fiber to Witness Highest Growth in Market of Composites in Oil & Gas Industry
    Figure 17 Pipe Application to Account for Largest Market Size
    Figure 18 Trends and Forecast of GDP, USD Billion
    Figure 19 Per Capita GDP vs Per Composite Materials Demand
    Figure 20 U.S. is Largest Country in Terms of Oil Production Followed By Saudi Arabia, (Thousand Barrels Per Day), 2015
    Figure 21 China is Second Largest Country in Terms of Oil Consumption, Thousand Barrels Per Day, 2015
    Figure 22 U.S. is Largest Country in Terms of Gas Production, Billion Cubic Meters, 2015
    Figure 23 Russian Federation is Second Largest in Terms of Gas Consumption, (Billion Cubic Meters), 2015
    Figure 24 Trends and Forecasts of Fluctuating Oil Prices, USD Per Billion Barrel, 2012-2021
    Figure 25 Trends and Forecasts of Fluctuating Natural Gas Prices, USD Per Mmbtu, 2012-2021
    Figure 26 Drivers, Restraints, Opportunities, and Challenges for Market of Composites in Oil & Gas Industry
    Figure 27 Overview of Value Chain
    Figure 28 Porter’s Five Forces Analysis of Market
    Figure 29 Carbon Fiber Composites to Be the Fastest-Growing Fiber Type in the Market, By Value
    Figure 30 Asia-Pacific to Register Highest CAGR in the Market of Glass Fiber, By Value, 2016–2021
    Figure 31 North America to Account the Largest Share in the Market of Carbon Fiber-Based, By Value, 2016–2021
    Figure 32 Epoxy Resin-Based Composites Dominates the Composites in Oil and Gas Industry Market, By Value, 2016 - 2021
    Figure 33 North America Dominates the Market of Epoxy Resin-Based Composites in Oil & Gas Industry Market, 2016–2021
    Figure 34 Polyester Resin to Be the Largest Resin Type in the North America Composites in Oil and Gas Industry Market, 2016–2021
    Figure 35 Asia-Pacific is the Fastest-Growing Region for the Phenolic Resin-Based Composites in Oil & Gas Industry, By Value, 2016 vs 2021
    Figure 36 North America to Lead Market of Other Resins-Based Composites in Oil and Gas Industry, By Value, 2016 vs 2021
    Figure 37 Pipes to Be Largest and Second Fastest-Growing Application, By Value, in Composites in Oil & Gas Industry Market
    Figure 38 North America Dominated Pipes Application in Composites in Oil and Gas Industry Market
    Figure 39 North America Accounts for Major Share in Tank Market
    Figure 40 Asia-Pacific to Register Highest Growth Rate in Top Side Applications in Market of Composites in Oil and Gas Industry
    Figure 41 Asia-Pacific Register Second Highest Growth Rate in Other Applications in Market of Composites in Oil & Gas Industry
    Figure 42 China to Drive the Market of Composites in Oil & Gas Industry, Followed By Canada, in Terms of Value, 2016–2021
    Figure 43 North America Composites in Oil and Gas Industry Market Snapshot: U.S. is the Most Lucrative Market
    Figure 44 The Composites in Oil & Gas Industry Market Snapshot: Norway is the Fastest-Growing Market in Europe
    Figure 45 The Composites in Oil and Gas Industry Market Snapshot: China is the Fastest-Growing Market in Asia-Pacific
    Figure 46 Saudi Arabia is the Largest and Fastest-Growing Composites in Oil & Gas Industry Market in ME&A
    Figure 47 The Market of Composites in Oil and Gas Industry Snapshot: Brazil is the Fastest-Growing Market in Latin America
    Figure 48 Agreements, Partnerships, & Contracts is the Most Preferred Growth Strategy Adopted By Key Players Between 2011 and 2016
    Figure 49 Yearly Market Development Matrix: 2015 Witnessed the Maximum Number of Developments, 2011–2016
    Figure 50 Growth Strategies Adopted By Market Players in the Composites in Oil and Gas Industry Market, 2011–2016
    Figure 51 Airborne Oil & Gasb.V.: SWOT Analysis
    Figure 52 GE Oil & Gas: SWOT Analysis
    Figure 53 Magma Global Limited: SWOT Analysis
    Figure 54 National Oilwell Varco: Company Snapshot
    Figure 55 National Oilwell Varco: SWOT Analysis
    Figure 56 Vello Nordic As: SWOT Analysis
    Figure 57 Schlumberger Limited: Company Snapshot
    Figure 58 Schlumberger Limited: SWOT Analysis
    Figure 59 Halliburton: Company Snapshot
    Figure 60 Halliburton: SWOT Analysis
    Figure 61 ZCL Composites: Company Snapshot


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    Sep, 2016
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