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

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

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

Report Digest


Global Zonal Isolation Market: Snapshot

Zonal isolation is an indispensable method of primary cementing by enabling production or stimulation operations to be conducted efficiently in wells. The method has gained prominence in mature field developments and is vital to the success of drilling operations. Effective zonal isolation is found to be helpful in improving the well’s producing potential by bring down the construction cost and minimizing the risk, thereby improving wellbore integrity. The process essentially prevents the cross-flow of gas, oil, and fluids across diverse geographical layers. With the growing complexity of oil wells, zonal isolation has become more than splitting the reservoir into compartments.

The process of primary cementing encapsulates the use of cement sheath to provide primary zonal isolation in the annulus with a marked bonding and strength. This leads to restricting the fluid movement across the formations and support the casing. Cementing also helps in protecting the casing from any type of corrosion and from shock loads in case of a deeper drilling. Various applications of zonal isolation are gas shutoff, openhole testing, selective stimulation, acidizing, and plugging. The surge in interest in offshore basins among oil and gas exploration and production companies is accentuating the zonal isolation market. The rising shale gas exploration, especially in developed regions, and a constant rise in the number of drilling rigs are key factors boosting the demand for zonal isolation methods and the associated well construction technologies.

Global Zonal Isolation Market: Overview 

Zonal isolation is a method being used extensively across the globe in order to prevent the cross flow of gas and oil across diverse geographical layers. The increasing demand for drilling activities in oil and gas plants is considered as one of the major aspects fuelling the growth of the global zonal isolation market in the next few years. 

Furthermore, the rising investments by governments and private organizations for drilling activities and exploration of new oil and gas reserves are predicted to supplement the growth of the overall market and generate lucrative opportunities for key players. 

Global Zonal Isolation Market: Key Trends

The preferential shift of production and exploration activities from onshore to offshore is one of the major factors boosting the demand for zonal isolation method across the globe. In addition, a tremendous rise in the drilling activities and the growing awareness among consumers regarding the benefits of implementing these methods are likely to accelerate the growth of the global zonal isolation market throughout the forecast period. 

On the other hand, stringent government rules and regulations for the use of zonal isolation methods are anticipated to restrict the growth of the global market in the next few years. Nonetheless, the development of innovative and advanced zonal isolation methods is expected to create promising growth opportunities for the key players operating in the global market. 

Global Zonal Isolation Market: Market Potential 

The rising production and exploration of oil and gas wells, especially in offshore fields across the globe is anticipated to boost the demand for zonal isolation in the near future. The increasing shale gas exploration and a substantial rise in the number of drilling rigs in order to meet the growing demand for crude oil are anticipated to fuel the growth of the market. 

Some of the key countries that are projected to contribute extensively towards the robust growth of the global zonal isolation market are Saudi Arabia, Canada, the U.S., Mexico, Russia, the UAE, Brazil, China, and Iran. 

Global Zonal Isolation Market: Regional Outlook 

Among the key regional segments, Europe is expected to witness a strong growth throughout the forecast period. The U.K. and Norway are considered to contribute extensively towards the growth of the Europe zonal isolations market in the next few years. In addition, the increasing production and rising investments in exploration activities are projected to encourage the growth of the market in the forecast period.

Furthermore, the Middle East and Africa and North America are expected to witness a healthy growth in the next few years. A substantial rise in the number of drilling activities and the increasing expenditure for the search of new oil and gas reserves are projected to fuel the growth of the zonal isolation market in North America and the Middle East and Africa throughout the forecast period. 

Global Zonal Isolation Market: Competitive Analysis 

The global market for zonal isolation is competitive in nature and is anticipated to witness a participation of several new players in the next few years. The growing focus of key players on research and development activities in order to provide innovative methods to consumers is anticipated to encourage the growth of the overall market in the next few years. Additionally, the rising number of strategic collaborations is predicted to augment the growth of the market in the near future. 

Some of the leading players operating in the zonal isolation market across the globe are Schlumberger Limited, Superior Energy Services, Expro International Group Holdings, Oilsery, Archer, Baker Hughes, TAM International, Inc., C&J Energy Services, Inc., FMC Technologies, Weatherford International, Halliburton Company, and Tendeka. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.