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Composites in Oil and Gas Market is Expected to Expand at an Impressive Rate by 2024

Composites in Oil and Gas Market is Expected to Expand at an Impressive Rate by 2024<br>

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Composites in Oil and Gas Market is Expected to Expand at an Impressive Rate by 2024

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  1. Composites in Oil and Gas Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Composites in Oil and Gas Market: Overview The oil & gas industry needs to meet certain technical, technological, and economic requirements. This is especially observed in materials employed in construction, which are expected to withstand corrosion, fatigue, and weight. These factors contribute to increased risk and cost of offshore projects. Composites are used due to their unique properties, which make them suitable for demanding applications in the oil & gas industry. They have the advantage of being low in weight, which eliminates the need for large and exorbitant buoyancy tanks. Composites are inexpensive to install, extremely corrosion-resistant, and well-suited to increased operating pressures. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. Composites in Oil and Gas Market: Applications • Glass-fiber reinforced polymer (GFRP) composites are used in piping systems for applications such as oil exploration, desalination, chemical plants, fire mains, dredging, and portable water. • They enable the piping systems to withstand highly corrosive fluids at various temperatures, pressures, and in adverse weather and soil • conditions. • Composite grinds/gratings perform better than traditional, metallic grinds/gratings, due to their superior properties under harsh environments in the chemical process industry. • They are preferred due to their ability to overcome limitations with respect to weight, corrosion resistance, durability, and lifecycle costs.

  5. Composites in Oil and Gas Market: Trends There has been major advances in the fields of composite pipe work and fluid handling. Cost-cutting due to composites replacing steel piping in retrofit applications is a major driver for the market. Cost advantage can also be witnessed during the manufacturing process of risers, tubings, and storage and transport systems in offshore platforms when composites are used in place of expensive corrosion-resistant metals. Another important propellant for the market is amplified longevity of new, reliable, safe, and cost-effective construction, which can withstand severe conditions anticipated in an offshore environment. ©2019 Transparency Market Research, All Rights Reserved

  6. Composites in Oil and Gas Market: Key Players Creative Composites Ltd. National Composites Center Pipex Limited Solent Composite Systems Ltd. CIP Composites Magnum Oil Tools Forum Energy Technologies ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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