The well casing market is predicted to reach USD 13.40 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period. The increasing demand for hydrocarbon around the world will be a critical factor in boosting the well casing market revenue during the forecast period. The surge in aviation industry and growing electricity requirement will spur demand for oil and gas, which, in turn, will aid the market in the forthcoming years. The surge in offshore exploration activities will consequently create opportunities for the well casing market in the foreseeable future.
According to the published report, titled “Well Casing Market Size, Share & Industry Analysis, By Casing Type (Conductor Casing, Surface Casing, Intermediate Casing, and Production Casing), By Application (Onshore and Offshore), and Regional Forecast, 2019-2026” the market size stood at USD 7.93 billion in 2018. The well casing market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about well casing market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
The Report Lists the key Companies in the Well Casing Market:
- Schlumberger (United States)
- Halliburton (United States)
- Weatherford (United States)
- Baker Hughes (United States)
- Vallourec (France)
- Parker Drilling Company (United States)
- Odfjell Well Services (Norway)
- Gulf Oil & Gas International (UAE)
- Express Energy Services (United States)
Market Driver:
Rising Energy Consumption to Spur Market Opportunities
The rising electricity demand in the residential sector will have a positive impact on the well casing market share during the forecast period. For instance, the use of household appliances such as refrigerator, toaster, kettle, microwave and blender in emerging nations. The increasing implementation of numerous government schemes to promote electrification will bolster healthy growth of the market in the forthcoming years. The rising income in the developing nations and capital investment in the power sector will accelerate the well casing market trends. The growing investment by key players in offshore exploration activities of oil and gas will enable speedy growth of the market in the forthcoming years. For instance, Kuwait Oil Company (KOC) bagged an award for an integrated offshore drilling services contract for six high pressure high-temperature exploration wells on two jackup rigs in the Arabian Gulf sea. KOC will receive assistance from Halliburton company for manage drilling, fluids, wireline and perforating, well testing, cementing, and all offshore logistical services.
Regional Analysis:
Surge in Hydrocarbon Projects to Propel Market in North America
The market in North America generated a revenue of USD 3.59 billion in 2018 and is expected to witness high growth during the forecast period. The growth in the region is attribute to the growing demand for hydrocarbon to enable power generation. The surge in transport industry along with ongoing hydrocarbon projects in the U.S. and Canada will create opportunities for the market in the region. The stellar requirement for petroleum and natural gas owing to the passenger and private vehicles in the region will contribute positively to the market growth. For instance, petroleum and gas energy accounts for more than 65% in U.S. primary consumption. Asia Pacific is predicted to witness rapid growth in the forthcoming years owing to massive demand for energy from India and China. The rising urbanization, industrialization and population growth will boost the well casing market growth in the region. The increasing investment in E&P to reduce the foreign exchange on imports of oil and gas along with hydrocarbon consumption will create opportunities for the market in Asia Pacific. Europe is likely to hold the second largest share in the market owing to the ongoing hydrocarbon projects in Norway, the UK, Russia, and Germany.
How to repair well casing to restore its production?
The water minerals will cause corrosion to the casing and lower its strength.Too frequent workover treatmentIn the middle and later period of oil field production, the formation pressure decrease and have serious leakage.
It is necessary to expand the diameter of the damaged casing and dredge the pipeline.Casing pipe repairing technology includes casing diagnosis technique, casing pipe opening technique, tie back and casing replacing technology.
Although casing repairing technology is increasingly perfect, the repairing effect is unsatisfactory.Casing diagnosis techniqueCasing diagnosis technique.
This technology is used to detect and inspect the casing leak, reducing, and breaking.
Under the gravity and downward impact, the pear tube expander wedge into the deformed case to swell it up and restore the original size.Explosive shapingExplosive shaping is to deal with those seriously deformed casings.
The Edible Collagen Casing Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Edible Collagen Casing market include Fibran, S.A., Fabios S.A., ViskoTeepak LLC, International Casings Group, Inc., Podanfol S.A., Devro plc, Liuzhou Hongsheng Collagen Casing Co., Ltd., Shenguan Holdings (Group) Limited and Nitta Casings Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Edible Collagen Casing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/edible-collagen-casing-market/download-sampleMarket DynamicsThe usage of collagen in the edible collagen casings attributes to its market growth due to its properties like, it is a natural protein, and it is durable as well as flexible as it shrinks with the product.
Furthermore, the edible collagen casing is permeable to smoke, moisture, easily cooked, looks excellent and provides a tender bite making niche place in snacks and food Industry.The edible collagen casings are perfect for stuffing, natural in appearance, undetectable while eating and can be used immediately once taken out of the package.
These ready to use edible collagen casings allow to eliminate the step of soaking of casings during the production, which saves time, increases productivity, and maintains the quality of the meat product as well.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
