Composite Pipes Market - Forecast(2022 - 2027)

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Composite Pipes MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• The Composite pipes market size is forecast to
  reach US1.5 billion by 2027 after growing at a
  CAGR of 5.1 during 2022-2027. Composite pipes
  are extensively used in the oil and gas industry
  for higher production and distribution of energy
  owing to their higher strength and robust
  corrosion resistance property. The oil and gas
  industry is expanding globally with the
  increasing production of energy and this will
  stimulate the higher uses of composite pipes
  which in turn will drive the growth of the market
  in the forecast period. For instance, according
  to the January 2020 data by the International
  Energy Agency, production of biofuel is expected
  to surge fourfold from around 2 mboe/d in current
  times to almost 8 mboe/d by 2040.

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• Key Takeaways
• Polyether ether ketone is leading the composites
  market. This thermoplastic comes with an unusual
  combination of properties, ranging from
  high-temperature performance to superior
  mechanical strength, making it a robust option in
  the market. 
• The construction sector will drive the growth of
  the market in the forecast period. For
  instance, according to the Statistical Report 2021
  by European Construction Industry Federation
  (FIEC), in 2020, Germany witnessed a growth of
  1.5 in real terms in total investment in
  construction. 

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By Distribution Channel- Segment
Analysis Composite pipes find extensively used in
the oil and gas industry for the production and
transportation of energy. The oil and gas
industry expanding globally with increasing
demand for natural gas and oil and in turn, this
will drive the growth of the market in the
forecast period. For instance, according to the
statistics by the International Energy Agency,
global refining activity is expected to jump by
2.4 mb/d in 2022, and by the end of 2022, the
demand for oil is expected to return to
pre-pandemic levels. 
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• Composite Pipes
  Market Outlook 
• KiTEC Industries
• Vasitars Inc
• TechnipFMC
• Magma Global Ltd.
• Jindal Pex Tubes Pvt Ltd
• Akiet
• Kisan Group Private Limited
• Cerro Flow Products LLC
• The Furukawa Electric Co., Ltd.
• Wieland Werke AG
• Kundan Pipes Fittings
• Baker Hughes

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Composite Pipes Market
Forecast (2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/191
05/composite-pipes-market
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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