Hi 1DMManaged to find this from Euroz coverage:Gives some...

Hi 1DM

Managed to find this from Euroz coverage:
Gives some guidance on splits.

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Competitors
Balmoral Offshore- is a UK based composites manufacturer with a 23,000sqm facility in Aberdeen. Established in 1980 the company operates in oil and gas, defence and renewable sectors the company competes with MCE across product range. Annual turn over is ~GBP100m. In its March 2022 accounts the company reported record order backlogs, with the business benefiting from substantial investment in the energy transition, which in our view leaves MCE potentially well placed to bid and win work. We estimate Balmoral supply ~ 70% of global SURF supply. Recent bidding activity would suggest that the company has largely exited the Riser market, providing significant opportunity for MCE to capitalise on growing demand. CRP Subsea located in the UK based following the divestment of Trelleborg Offshore Assets. The business was subsequently acquired PE backed AIS in November 2022. The combined AIS group offers a range of chemical, automotive and buoyancy products. We estimate CRP is responsible for ~20% of global surf supply. There are a number of smaller players in the space

BMTI (French)
Flotation Technologies
E Syntactic (ESS) (US)
FenderCare
Marlog

Stringent quality standards in the Oil and Gas segment is a major barrier to entry for new production players, at this stage we do not see a risk from emerging markets for the surf/buoyancy products given the costs involved in attaining quality ratings. New players would also have trouble attaining references to supply to majors.
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DYOR