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    Epoxy Resin Market In The Oil & Gas Industry | Covid-19 Impact Analysis

    Epoxy Resin Market In The Oil & Gas Industry | Covid-19 Impact Analysis

    Epoxy Resin Market In The Oil & Gas Industry | Covid-19 Impact Analysis
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    Epoxy Resin Market in the Oil & Gas Industry: Size, Share, Trend, Forecast, & Comp See more...
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    Impact of COVID-19 on Epoxy Resin Market In The Oil & Gas Industry

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Epoxy Resin Market In The Oil & Gas Industry

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Epoxy Resin Market in the Oil & Gas Industry: Insights

    The global epoxy resin market in the oil & gas industry is projected to witness an impressive CAGR of >6% over the next five years, driven by an expected increase in the oil & gas rig activities, increasing demand for non-corrosive and lightweight composites, and continuous investment in the pipeline infrastructure to meet the growing demand from developing countries owing to rising population.

    Epoxy Resin Market in Oil & Gas Industry

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    Epoxy Resin Market in the Oil & Gas Industry: Share Analysis

    Epoxy Resin Market Share by Operation Type

    Global epoxy resin market in the oil & gas industry is segmented based on operation type as onshore, offshore, and transportation. Onshore is expected to remain the most dominant application in the epoxy resin market in the oil & gas industry during the forecast period. Epoxy resin is preferred in a wide array of applications from exploration, drilling to production applications. There is an increasing penetration of epoxy resin based composite applications, such as small diameter GRE pipes in the onshore applications. Offshore operations are expected to offer an excellent growth in the epoxy resins market, driven by higher demand for lightweight, high-strength, and corrosion-resistant composites over the next five years.

    Epoxy Resin Market Share by Application Type

    Global epoxy resin market in the oil & gas industry is segmented based on application type as composites, coatings, adhesion, painting, linings, and others. Composites is expected to be the fastest growing application of epoxy resin in the oil & gas industry over the next five years, driven by its multiple advantages, such as corrosion resistance, shear resistance, chemical resistance, high operating temperature, low maintenance cost, and durability.

    Regional Insights

    North America is expected to remain the largest market for epoxy resin in the oil & gas industry during the forecast period of 2020 to 2025. All three countries, the US, Canada, and Mexico are generating a healthy demand for epoxy resins in the North American oil & gas industry. Good natural gas infrastructure, installation, and replacement of underground tanks have contributed to the demand in this region. Asia-Pacific is estimated to witness the highest growth in the epoxy resin market in the oil & gas industry for the same period, China and India being the growth engines of this region. Increasing pipeline infrastructure in Middle-East and Africa is further propelling the growth of epoxy resin market in the oil & gas industry.

    Key Players

    Dow Coating Materials, Cytec Solvay Group, Henkel AG & Company, Hexion Inc., Huntsman Corporation, Nona composites, and Polyset Co Inc. are some of the major players in the global epoxy resin market for the oil & gas industry. New application development of composites, advancement in technology, and collaboration with EPC companies are some of the key strategies adopted by the major companies to gain a competitive edge over others.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

     >6% CAGR during 2020-2025

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

    The market is segmented in the following ways:

    Epoxy Resin Market in the Oil & Gas Industry: Size, Share & Forecast by Operation Type:

    • Onshore (Regional Analysis: NA, Europe, APAC, and RoW)
    • Offshore (Regional Analysis: NA, Europe, APAC, and RoW)
    • Transportation (Regional Analysis: NA, Europe, APAC, and RoW)

    Epoxy Resin Market in the Oil & Gas Industry: Size, Share & Forecast by Application Type:

    • Composites (Regional Analysis: NA, Europe, APAC, and RoW)
    • Coatings (Regional Analysis: NA, Europe, APAC, and RoW)
    • Adhesion (Regional Analysis: NA, Europe, APAC, and RoW)
    • Painting (Regional Analysis: NA, Europe, APAC, and RoW)
    • Linings (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Epoxy Resin Market in the Oil & Gas Industry: Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Middle East, Latin America, and Others)

     

    Report Features

    This report, from Stratview Research, studies the global epoxy resin market in the oil & gas industry over the period 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the application type by operation type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Epoxy Resin Market in the Oil & Gas Industry in the foreseeable years?

    Driven by the factors like expected increase in the oil & gas rig activities; increasing demand for non-corrosive and lightweight composites, the epoxy resin market in the oil & gas industry is expected to witness an impressive growth of >6% CAGR during the forecast period of 2020 to 2025.

    Who are the key players in the Epoxy Resin Market in the Oil & Gas Industry?

    Dow Coating Materials, Cytec Solvay Group, Henkel AG & Company, Hexion Inc., Huntsman Corporation, Nona composites, and Polyset Co Inc. are among the key players in the epoxy resin market in the oil & gas industry.

    Which country/region is expected to be the largest Epoxy Resin Market in the Oil & Gas Industry?

    North America is expected to remain the largest market for epoxy resin in the oil & gas industry during the forecast period of 2020 to 2025.

    Which type of application is expected to witness the fastest growth?

    Composites application is expected to witness the fastest growth in the epoxy resin market in the oil & gas industry.

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