Casing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Casing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : October, 2020 | Energy & Mining | PPT format

Report Digest


Global Casing Market: Snapshot

Casing is a key structural element lining the wellbore and forms an essential role in maintain the overall integrity and performance of any oil well construction system. The use of casing is driven by a variety of factors apart from their primary applications in preventing contamination of water sands or groundwater due to drilling mud or fracturing fluids. The many advancements in the performance of casing strings are stirred by the growing number of drilling activities in deepwater and horizontal wells. They are instrumental in controlling extreme well pressures in over-pressured zones during a number of offshore well construction and operational activities. Growing extended-reach drilling activities have pressures on pushing the length of the laterals to counter substantial torque and drag friction force attributed to the high string weight.

Recent advancements in under-reaming technology have considerably expanded the diameter of wellbore hole helpful for deeper reservoirs. This ensures that the casing reaches the required target depth to meet the requirements of deep offshore oil well activities. The use of digital reamer has been a favorable advancement in this regard. Advances in the design of expandable casing have been further complemented by significant progress made in metallurgy and cementing technology. The wells can be made to maintain a larger diameter and for extended duration during offshore oil drilling. Furthermore, advanced materials used for casing extend durability of bore wells so that they can be used for a wide range of geologic situations. Recent innovations in the oil and gas industry have been focused on improving the make-and-break performance of different sizes of connectors. This will further enhance the performance of casing strings.

Global Casing Market: Brief Overview

In the oil and gas industry, casing is referred to a string of pipes which is accumulated and implanted into the borehole of a well. Casings are a very vital part of the well and are cemented in place with accordance to a desired set of requirements. Casings serve various purposes which includes preventing contamination of fresh water zones, avoiding unstable formations from caving-in, and checking sticking of the drilling string. Casings also deliver a strong foundation for the well to use high-density drilling fluid for drilling deeper. The quality of the cement plays a critical role in the hindrance of fluid movement from deep zones into groundwater resources. Casing and cementing programs is an important tool to protect the underwater quality and provide well control. Oil and gas operators are investing heavily to secure the future production potential of the existing wells.

This casing market research report is a brief review of the growth trail in terms of existing, past, and future scenarios of the global casing market. It deals with the evaluation of the aspects that are expected to influence the development of the market and the primary trends have also been specified in the research study. The research study also offers a broad lookout on the vendor landscape of the market through Porter’s five forces analysis. The casing market research report offers references of the research and development activities, mergers and acquisitions, and specifics on licensing and collaborations. The report probes into the strategies related to publicity, shares, and product range of the key participants in the global casing market.

Global Casing Market: Key Highlights

Casing strings are considered as indispensable elements for well completion services as they provide protection to the groundwater resources. Casings are constructed for the separation of fresh water zones and groundwater from leaks occurring in the well. Countless states and environmental agencies have listed requirements of casing and cementing. Such environmental regulations and conditions imposed by countries is the chief driver of the growth of the global casing market. Increasing exploration and production activities in unconventional fields and deep water areas are expected to further lift the requirement of casing strings. A casing once mounted in a well cannot be removed later. These strings cannot be reused again and thus every new well drilled requires new casing strings.

Stern environmental regulations and swelling production from alternative fields in oil producing nations provides an attractive market for casing strings. New unconventional fields discovered in South America and Caspian Sea region can act as large markets for casing strings. The growing demand for energy in the Asia pacific region has led to exploration of numerous hydrocarbons potential areas in deep-water locations. These deep water fields will provide an attractive opportunity for the substantial growth of the casing market.

Global Casing Market: Competitive Landscape

The prime participants in the casing market are Sandvik AB, Tenaris, Offshore Products Ltd., Crestwood Tubulars IncELS & Company, Benteler International AG,Southland Pipe & Supply Co., and St. Louis Pipe & Supply among others.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?