Composites in Oil and Gas Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Fibre Type (Glass Fibre Composites and Carbon Fibre Composites), By Resin Type (Epoxy Resin, Phenolic Resins, Polyester Resin and Others), By Application (Pipes, Top Side Applications, Tanks and Others), By Region 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 3.42 Billion
CAGR (2026-2031)	6.99%
Fastest Growing Segment	Pipes
Largest Market	Asia Pacific
Market Size (2031)	USD 5.13 Billion

Market Overview

The Global Composites in Oil and Gas Market will grow from USD 3.42 Billion in 2025 to USD 5.13 Billion by 2031 at a 6.99% CAGR. Composites in the oil and gas sector are engineered materials, typically consisting of a polymer matrix reinforced with glass or carbon fibers, utilized to manufacture critical components such as spoolable pipes, risers, and subsea structures. The primary drivers supporting market growth include the critical need for corrosion resistance to lower operational expenditures and the high strength-to-weight ratio that facilitates deep-water exploration by reducing installation loads. These intrinsic properties allow operators to extend the service life of assets and minimize fatigue failure risks in harsh marine environments, distinct from temporary market trends like digitalization.

One significant challenge impeding broader market expansion is the lack of universally harmonized standards and certification codes, which often leads to hesitation among conservative operators regarding safety validation. To illustrate the robust demand for the constituent materials of these systems, according to the American Composites Manufacturers Association, in 2024, the global market volume for glass fiber, a primary reinforcement for oil and gas composites, reached approximately 16.8 billion pounds. This figure highlights the substantial industrial reliance on reinforced materials despite broader economic fluctuations.

Key Market Drivers

Technological Advancements in Spoolable Composite Pipe Manufacturing are revolutionizing the sector by expanding the operational envelope of non-metallic solutions into ultra-deepwater frontiers. Innovations in Thermoplastic Composite Pipe (TCP) design now allow for continuous spooling at high pressures, validating the use of composites for critical subsea flowlines where steel previously dominated. This technical maturity significantly reduces installation costs and overcomes historical depth barriers that limited market adoption. To illustrate this breakthrough, according to Strohm, July 2024, in the 'Strohm Wins TCP Flowline Contract with TotalEnergies EP Brasil' announcement, the company secured a contract to supply TCP flowlines for a project in the Santos Basin at a water depth of 2,200 meters, marking the first time this composite technology was selected for such ultra-deepwater applications.

Escalating Demand for Corrosion-Resistant Materials in Harsh Environments acts as a major financial catalyst, as operators actively replace metallic infrastructure susceptible to stress corrosion cracking. The inherent inertness of composites against corrosive gases like CO2 ensures asset integrity, driving significant procurement activity for leak-proof solutions. For instance, according to Baker Hughes, October 2024, in the press release 'Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems', the company received an order to provide 77 kilometers of flexible pipe systems specifically chosen to address stress-induced corrosion issues. This trend aligns with broader market health; according to the International Energy Agency (IEA), in 2024, global upstream oil and gas investment is expected to increase by 7% to reach USD 570 billion, providing the necessary capital liquidity for such material upgrades.

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Key Market Challenges

The lack of universally harmonized standards and certification codes significantly hampers the growth of the global composites in the oil and gas market by fostering uncertainty among conservative operators. In a sector where safety and reliability are paramount, the absence of globally accepted validation protocols forces decision-makers to rely on traditional metals like steel, which possess established performance histories. This regulatory void necessitates costly, project-specific qualification testing for composites, thereby increasing implementation times and deterring widespread commercial adoption in critical deep-water and high-pressure environments.

This certification bottleneck prevents the industry from fully utilizing the available capacity of high-performance reinforcement materials designed for these rigorous applications. Carbon fiber, for instance, is essential for manufacturing lightweight risers and pressure vessels due to its superior mechanical properties. According to the American Composites Manufacturers Association, in 2024, global demand for carbon fiber reached 300 million pounds. Despite this substantial industrial scale and material availability, the oil and gas market’s uptake remains constrained. The inconsistency in standards creates a disconnect between material readiness and actual deployment, directly limiting the volume of composites integrated into major offshore and onshore infrastructure projects.

Key Market Trends

Utilization of Composites for Rehabilitation of Aging Metal Infrastructure is becoming a critical strategy for operators aiming to extend asset life without costly shutdowns. Unlike full pipeline replacement, composite over-wraps and engineered repairs allow for "cold work" application, eliminating the safety risks associated with welding in volatile hydrocarbon environments while restoring structural integrity against internal pressure and external corrosion. This operational efficiency is driving significant contract activity; according to ICR Integrity, February 2025, in the announcement 'ICR secures 3-year contract award with one of the world's leading multinational oil and gas companies', the firm finalized a major agreement to deploy its composite repair technologies, validating the industry’s shift towards maintenance-led cost optimization strategies.

The Adoption of Automated Advanced Manufacturing Techniques for Composite Components is accelerating to meet regional demand for non-metallic solutions and reduce supply chain vulnerabilities. Major energy stakeholders are establishing localized, high-tech production facilities that utilize automation to ensure consistent quality and rapid scalability of composite products, such as thermoplastic pipes, which are essential for reducing carbon intensity in transport networks. Illustrating this shift towards localized industrial capability, according to Aramco, January 2025, in the press release 'Aramco signs 145 agreements and MoUs worth $9bn at iktva Forum & Exhibition 2025', the company officially inaugurated the Novel Non-Metallic Solutions facility, a joint venture specifically engineered to manufacture and commercialize a broad portfolio of composite products within Saudi Arabia.

Segmental Insights

The pipes segment is emerging as the fastest-growing category within the global composites in the oil and gas market. This expansion is primarily driven by the increasing replacement of heavy metallic infrastructure with corrosion-resistant composite materials to mitigate degradation in harsh extraction environments. Operators favor these solutions for their substantial weight reduction and durability, which lower long-term maintenance expenses. Additionally, compliance with stringent specifications from the American Petroleum Institute enhances confidence in composite piping for high-pressure transport, encouraging broader utilization across both onshore and offshore operations.

Regional Insights

Asia Pacific stands out as the leading region in the global composites in the oil and gas market, primarily driven by rapid industrialization and soaring energy requirements in major economies like China and India. This regional dominance is underpinned by extensive capital investment in constructing new pipeline networks and expanding offshore exploration projects. Data from the International Energy Agency highlights the region's escalating energy demand, which necessitates the adoption of durable, corrosion-resistant composite materials to ensure long-term operational efficiency. Furthermore, favorable policies from local governments and National Oil Companies aimed at enhancing domestic energy security solidify Asia Pacific's commanding market position.

Recent Developments

• In December 2025, it was reported that NOV had secured a contract from ExxonMobil Guyana to deliver an actively heated flexible pipe system for the Hammerhead field development. This project highlighted the increasing application of advanced composite-based flexible pipe technologies in deepwater environments. The scope of the award included the design and manufacture of the heating system, which utilized the company's proprietary flexible pipe technology to maintain temperature control and prevent hydrate formation. This award reinforced the critical role of sophisticated flexible pipe solutions in ensuring flow assurance and operational efficiency for complex offshore oil developments in the region.
• In November 2025, Syensqo announced the extension of a Memorandum of Understanding with Aramco to explore the localization of carbon fiber and advanced composite manufacturing in Saudi Arabia. This strategic collaboration was part of a broader initiative involving multiple agreements valued at over $30 billion, aimed at strengthening the Kingdom's industrial capabilities. The partnership focused on developing a domestic value chain for high-performance composite materials specifically tailored for industrial applications within the energy sector. By combining Syensqo’s advanced materials expertise with Aramco’s operational scale, the initiative sought to accelerate the adoption of non-metallic solutions in oil and gas infrastructure.
• In May 2025, TechnipFMC signed a significant technological order with Petrobras to accelerate the development and commercialization of its Hybrid Flexible Pipe (HFP). This innovative solution was designed to address stress corrosion cracking caused by high levels of carbon dioxide in the pre-salt fields of Brazil. The HFP technology combined the robustness of conventional flexible pipes with lightweight, corrosion-resistant composite materials, specifically carbon fiber and polyether ether ketone (PEEK) thermoplastic polymers. The collaboration aimed to validate the pipe's performance in ultra-deepwater conditions, establishing a new standard for flexible pipe durability and standardization in corrosive offshore environments.
• In July 2024, Strohm was awarded a major contract by TotalEnergies EP Brasil to supply Thermoplastic Composite Pipe (TCP) flowlines for an offshore field in the Santos Basin. This agreement marked the first deployment of TCP technology in the Brazilian pre-salt region and the largest commercial award in the company's history. The TCP flowlines, designed for gas injection in water depths of 2,200 meters, were selected to replace flexible lines due to their immunity to carbon dioxide-induced stress corrosion cracking. The solution offered a thirty-year design life and a significantly lower carbon footprint compared to traditional metallic alternatives.

Key Market Players

• GE Oil & Gas
• Airborne Oil & Gas
• Strongwell Corporation
• Enduro Composites Inc.
• Schlumberger Limited
• Halliburton
• ZCL Composites
• Vello Nordic AS
• National Oilwell Varco
• Magma Global Limited

By Fibre Type	By Resin Type	By Application	By Region
Glass Fibre Composites and Carbon Fibre Composites	Epoxy Resin Phenolic Resins Polyester Resin and Others	Pipes Top Side Applications Tanks and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Composites in Oil and Gas Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Composites in Oil and Gas Market, By Fibre Type:

• Glass Fibre Composites and Carbon Fibre Composites

• Composites in Oil and Gas Market, By Resin Type:

• Epoxy Resin
• Phenolic Resins
• Polyester Resin and Others

• Composites in Oil and Gas Market, By Application:

• Pipes
• Top Side Applications
• Tanks and Others

• Composites in Oil and Gas Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE