Swellable Packers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Swellable Packers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2021 | Energy & Mining

Report Digest


Global Swellable Packers Market - Snapshot

An isolation device that relies on elastomers to expand and form an annular seal when immersed in certain wellbore fluids. The elastomers used in these packers are either oil- or water-sensitive. Their expansion rates and pressure ratings are affected by a variety of factors. Oil-activated elastomers, which work on the principle of absorption and dissolution, are affected by fluid temperature as well as the concentration and specific gravity of hydrocarbons in a fluid. Water-activated elastomers are typically affected by water temperature and salinity. This type of elastomer works on the principle of osmosis, which allows movement of water particles across a semi-permeable membrane based on salinity differences in the water on either side of the membrane.

With the introduction of non-cemented completions came the necessity of an open hole packer. For many years there have been mechanical packers that can be hydraulically activated to create an annular seal between the open hole and the production casing. In some instances such as slotted liners, there is no way to pressure up to set the packers. This opened up the opportunity for swellable packers.

Natural rubber swells when exposed to hydrocarbon based fluid. The amount of swell is dependent on the chemistry of the oil and the temperature at which the exposure occurs. Oil is absorbed into the oil-swellable elastomer through diffusion. Through the random thermal motion of the atoms that are in the liquid hydrocarbons, oil diffuses into the elastomer. When the elastomer is wrapped on a piece of pipe, the result is an increase of the manufactured outside diameter of the oil-swellable elastomer. Oil continues to diffuse into the elastomer causing the packing element to swell until it reaches the inside diameter of the open hole. Operationally, the benefit of a swellable packer is simplicity. There are no moving parts required to work, through pipe manipulation or by applied hydraulic pressure. No special service personnel are needed. The packers are simply run to depth, similar to the casing, and allowed to swell before production or injection operations begin.

Global Swellable Packers Market: Overview

The swellable packers market is benefitting from need of advanced polymers required for downhole sealing applications in oil and gas drilling. The limitations of conventional sealants such as natural rubber have necessitated alternative packers for such applications. These packers contain elastomers that expand on contact with certain wellbore fluids. During swelling, these packers provide reliable sealing against sand, gas, and water migration. In addition, these packers can bear higher internal stress during diffusion of oil in oil-swellable elastomer.

In terms of operations, swellable packers display simplicity. Swelling packers do not involve moving parts, for pipe manipulation or for applied hydraulic pressure. The packers simply run to depths similar to casing, and are allowed to swell before commencement of production or injection operations.

Lastly, swelling packers are free of service personnel.

The report on global swellable packers market aims at narrating the key trends and identifying future opportunities. It provides the most insightful information regarding growth opportunities and growth obstacles. In-depth analysis of competitive outlook of swellable packers market is a key feature of this report.

Global Swellable Packers Market: Notable Developments

  • Halliburton – the leading name in the makers of swellable packers recently developed FlexRite Multibranch inflow Control System in association with an oil and gas operator.

A first of its kind system in the category, the system recently touched a whopping 300 installations in the North Sea.

 The development is first of its kind TAML Level 5 junction to allow upper completion components to run through the junction. As such, the development is indicative of a step change for advanced completion solutions in the future.

The newly developed FlexRite MIC system allows a multilateral well to possess sand screens, swellable packers, inflow control devices, and interval control valves. Displaying these features, FlexRite MIC system.

  • In a recent change in positions in the company, TAM International Inc., - an independent oilfield services company announced the promotion of Barton Sponchia, one of its first senior associates as Vice President Western Hemisphere. The associate brings with him over 28 years of international and domestic experience in the oilfield industry.

Some of the most prominent competitors operating in the competitive landscape of global swellable packers market include –

  • Halliburton
  • TAM International Inc.
  • The Weir Group plc
  • Schlumberger Limited
  • Tendeka, and Weatherford

Global Swellable Packers Market: Key Trends

The global swellable packers market is poised to witness a healthy growth during the 2018-2026 forecast period. This is mainly because of efficacy of swellable packers as annular barrier during multistage fracture treatment of oil and gas reservoirs. In addition, swelling packers have served to be effective in conjunction with sliding sleeves and plug and perf operations during multistage fracture treatment.

Swellable packers have physical and functional advantages too. Swellable packers combine the advantages of inflatable and mechanical packers sans the complications of traditional technologies. These elastomers serve to reduce water production to the maximum extent, and increase oil and gas production proportionally.

Technological advancements in swellable packers also serves to provide a boost to the swellable packers market. For example, water-swellable elastomer designed and installed in heavy oil wells. These wells use steam to heat up the reservoir and causes oil to flow. The operational limit of these wells is up to the temperature of 575°F (302°C). Such high temperature endurance make water-swellable elastomers suitable for multi-stage fracture treatments during horizontal drilling.  

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?