The report segments and cross-examines the Casing Market on the basis of device and geography 2017 – 2025

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 industry 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 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.

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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.

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Global Casing Market: Competitive Landscape

The prime participants in the 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.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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