Composites in Oil and Gas Market to Observe Strong Development by 2024
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.
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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.
Composites
are made by matrix combination of different materials. The most
commonly used composites are formed by combining epoxy, phenolic, or
polymer (polyethylene, poly-vinyl-denefluoride, and polyamide) matrix
with glass fibers, carbon fibers, or aramid fibers.
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.
During
the construction of a riser (a pipeline that connects the rig of
water surface to the well bore at seabed), thermoplastic polymer
matrix reinforced with glass or carbon fibers is used. This matrix is
wound around its steel reinforcement, which drastically reduces its
weight. In some cases, epoxy matrix reinforced with carbon fibers may
be used. In the construction of pipe systems for fluid transport and
storage tanks, fiberglass composites are used. They are formed by
combining polymer matrix (generally, epoxy matrix and vinyl ester
matrix) with glass fibers.
Tubings
are usually produced from GRE pipes or GRE pipes reinforced with
carbon steel, which provide resistance to high pressure in down-hole
applications.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.
In
terms of matrix materials, the composites in oil and gas market can
be segmented into six segments: epoxy, phenolic, polymers, glass
fibers, carbon fibers, and aramid fibers.In terms of application, the
market has been segmented into: piping systems, grinds/gratings,
ladders, flexible tubes, composite risers, and caissons & pull
tubes.
In
terms of volume, the U.S. and China are prominent consumers of
composites. North America is likely to remain the key region owing to
the rising number of natural gas infrastructure projects and growing
awareness about advantages of composite materials in the region. The
market in the region is expanding also due to the rise in demand for
high-performance lightweight materials and new products developed
using them.
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Key
players operating in the composites in oil and gas market include
Creative Composites Ltd., National Composites Center, Pipex Limited,
and Solent Composite Systems Ltd., CIP Composites, Magnum Oil Tools,
Forum Energy Technologies, GE Oil & Gas, and Magma Global
Limited.
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