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Growth opportunities for composites in the global oil and gas industry by end use application (pipe, tank, pultruded product, frac plugs and frac balls, others), by material type (epoxy composites, polyester composites, phenolic composites, polyethylene composites), and regions 2016-2021: Trends, Forecast, and Opportunity Analysis, August 2016

August 2016 | 152 pages | ID: G3E41ABDF29EN
Lucintel

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According to a new market report published by Lucintel, the future of composites in the global oil and gas market looks good, with opportunities in the pipe, tank, pultruded products, and others. 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.

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. Rest of World is expected to witness above-average growth over the forecast period due to rising rig counts and growth in the new pipe line installation projects.

For business expansion, the report suggests innovation and new product development, to offers low cost solution for oil and gas applications. Emerging trends, which have a direct impact on the dynamics of the 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. Owens corning, Jushi, CPIC, Hexion, Thai Epoxy are among the leading players of composites material in global oil and gas industry.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for composites in the global oil and gas industry by region, end-use application, and material type and has come up with a comprehensive research report, “Growth Opportunities for Composites in the Global Oil and Gas Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for composites in the global oil and gas industry by region, end-use application, and material type as follows:

By region (Volume (Million Pounds) and $ Million shipment from 2010 to 2021):
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
By end use application (Volume (Million Pounds) and $ Million shipment from 2010 to 2021):
  • Pipe
  • Tank
  • Pultruded Product
  • Frac plugs and Frac balls
  • Others
By material type (volume (Million Pounds) and $ Million shipment from 2010 to 2021):
  • Epoxy Composites
  • Polyester Composites
  • Phenolic Composites
  • Polyethylene Composites
This report answers following 11 key questions:

Q.1. 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?
Q.2.Which product segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are emerging trends in this market and reasons behind them?
Q.7.What are some changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. 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?
Q.11. What M & A activities has transpired in the last 5 years in this market and what is its impact on the industry?

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.

This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY

2. COMPOSITES IN THE OIL AND GAS INDUSTRY: BACKGROUND AND CLASSIFICATIONS

2.1: Oil and Gas Market Introduction
2.2: Process of Composite Products in the Oil and Gas Industry
2.3: Industry Classifications
2.4: Markets Served by End Use Industry
  2.4.1: Supply Chain for Composites in the Global Oil and Gas Industry

3. MARKET ANALYSIS OF COMPOSITES IN THE GLOBAL OIL AND GAS INDUSTRY

3.1: Market Analysis: 2015
  3.1.1: Composites in the Global Oil and Gas Industry by Value and Volume
  3.1.2: Composites in the Global Oil and Gas Industry by Region in Terms of Value and Volume
3.2: Market Trends from 2010 to 2015
  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
3.3: Industry Drivers and Challenges
3.4: Market Forecast from 2016 to 2020
  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

4. COMPETITIVE LANDSCAPE AND GROWTH OPPORTUNITY ANALYSIS

4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Geographical Reach
4.4: Operational Integration
4.5: Porter’s Five Forces Analysis

5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

5.1: Growth Opportunity Analysis
  5.1.2: Growth Opportunities for Composites in the Global Oil and Gas Market by Region
5.2: Emerging Trends of Composites in the Global Oil and Gas Market
5.3: Strategic Analysis
  5.3.1: New Product Development
  5.3.2: Capacity Expansion of the Global Oil and Gas Market
  5.3.3: Certification and Licensing
  5.3.4: Technology Development
  5.3.5: Mergers, Acquisitions and Joint Ventures for Composites in the Global Oil and Gas Market

6. COMPANY PROFILES OF LEADING PLAYERS

LIST OF FIGURES

CHAPTER 2. COMPOSITES IN THE OIL AND GAS INDUSTRY: BACKGROUND AND CLASSIFICATIONS

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.2.10: Composite Grating Used In Offshore Application Platform of the Oil and Gas Industry
Figure.2.11: Composite Frac Plug and Frac Balls Used for Fracking in the Oil and Gas Industry
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

CHAPTER 3. MARKET ANALYSIS OF 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 201
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 I ndustry (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

CHAPTER 4. COMPETITIVE LANDSCAPE AND GROWTH OPPORTUNITY ANALYSIS

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

CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

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

CHAPTER 2. COMPOSITES IN THE OIL AND GAS INDUSTRY: BACKGROUND AND CLASSIFICATIONS

Table 2.1: Comparison of Fiber Materials Used in Manufacturing of Composite Products
Table 2.2: Price Performance Analysis for Thermoset Used in Composite Applications in the Global Oil and Gas Industry

CHAPTER 3. MARKET ANALYSIS OF COMPOSITES IN THE GLOBAL OIL AND GAS INDUSTRY

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

CHAPTER 4. COMPETITIVE LANDSCAPE AND GROWTH OPPORTUNITY ANALYSIS

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

CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

Table 5.1: New Product Launches by Major Composites in Oil and Gas Producers during Last Five Years
Table 5.2: Certification and Licenses Acquired by Major Competitors in the Global Oil and Gas Market


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