In terms of revenue, the Americas & Europe thermoplastic composite market for oil & gas industry is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the Americas & Europe thermoplastic composite market for oil & gas industry.The Americas & Europe thermoplastic composite market for oil & gas industry is broadly affected by several factors, including usage of thermoplastic composite in various pipes and tubes in the oil & gas industry.The oil & gas industry has been focusing on meeting the global demand for fuel at an affordable price.Therefore, the demand for thermoplastic is expected to increase to produce high strength and lightweight components used in oil & gas extractions.The number of oil & gas drilling and exploration activities has increased across North America, Latin America, and Europe over the past few years.Request
[email protected]://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=80033Engineers are promoting the application of thermoplastic composites instead of metals in the construction phase in order to minimize cost and maintenance required in the long term.Thermoplastic composites act as feasible and cost-effective alternatives, owing to their enhanced corrosion resistance, high stiffness and strength, and lower weight.Typical applications of fiber reinforced thermoplastic in the oil & gas sector include rigid pipes, wound pipes, rigid and flexible risers, and structural repairs.Steel pipes are generally used to transport oil or natural gas from the off shore drilling station to onshore plants.