According to a market report by Lucintel, the future of the global FRP pipe in oil and gas market looks promising with opportunities in the onshore and offshore markets. The global FRP pipe in oil and gas market is expected to grow with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing demand for corrosion-resistant pipes in harsh oil & gas environments, growing focus on cost-efficiency & sustainability, and expansion of oil & gas exploration activities worldwide.
A more than 150-page report to understand trends, opportunity and forecast in FRP pipe in oil and gas market to 2030 by resin type (polyester composites, epoxy composites, and vinyl ester composites), diameter (small(<18”), medium (18”-60”), and large(>60”)), pressure rating (less than 150 psi, 150-300 psi, and more than 300 psi), application (onshore and offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the resin type category, epoxy composite will remain the largest segment over the forecast period.
Within the application category, onshore is expected to witness a higher growth.
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In terms of regions, APAC is expected to witness the highest growth over the forecast period.
Qorvo, Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric Industries, Win Semiconductors are the major suppliers in the FRP pipe in oil and gas market.
This unique research report will 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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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