Casing Centralizers Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Jun-2020 | List of Tables : 72 | List of Figures : 108 | No. of Pages : 170 | Report Code : FACT2788MR | Format :

Casing Centralizers Market Insights

The global casing centralizers market is anticipated to grow at a CAGR of 3.9% to create an absolute $ opportunity of more than US$ 215.9 million during the forecast period (2020-30). It is anticipated to be valued at more than US$ 675.0 million by 2030-end, according to a new Fact.MR study.

Increasing demand for oil and gas from a wide range of industries remains the key driving factor for the casing centralizers market growth. Subsequently, an estimated rise in both offshore and onshore oil & gas exploration activities is expected to propel the demand for casing centralizers. However, due to the COVID-19 outbreak and its impact on the industrial operations, companies are temporarily abandoning drilling of new wells and postponing maintenance amid a sharp drop in global oil prices and brimming storage tanks. These have caused an unprecedented impact on the casing centralizers market and manufacturers are further facing critical challenges with the slowdown of drilling wells. Therefore, the market is poised to witness a sluggish growth rate in the next couple of fiscal quarters.

Casing Centralizers Market Analysis by Product

Bow spring casing centralizers continue to witness higher demand and investments, as they are widely used during oil & gas exploration and production process. These casing centralizers can generate a restoring force by using flexible bows that provide the separation between casing and wellbore. Over the years, a surge in the demand for crude oil and subsequent rise in oil & gas exploration activities have been propelling the demand for bow spring casing centralizers.

Significant growth of the international crude oil market makes the upstream oil & gas process industries to regularly change the production and operations frequency. This has led to an increased installation and replacement of bow spring casing centralizers. However, due to the recent outbreak of the COVID-19, the oil & gas industry is witnessing a slump in production. The current downfall of oil & gas industry has subsequently caused latency in the casing centralizers market. According to the Fact.MR’s recent report, sales of bow spring casing centralizers are poised to record a CAGR of 3.7% and attain a valuation of 1.6X the sales of rigid blade casing centralizer over the forecast period.

casing centralizers market analysis growth rate and value opportunity by product

For more valuable information on the contribution of each product to the global casing centralizers market value, ask an expert analyst

Casing Centralizers Market Analysis by Application

Onshore application of casing centralizers accounts for a major share of the global market revenue. This is attributable to an increase in exploration and production activities in onshore oil & gas fields.

Onshore drilling wells account for 80% of the global oil and gas production, whereas discoveries in offshore regions are expected to increase drilling operations. Thus, growing demand for drilling oil & gas wells to sustain the needs of rapidly expanding industries across the globe is expected to further propel the casing centralizers market growth during the forecast period. Onshore application of casing centralizers is projected to grow at a CAGR of 3.8% during the forecast period.

Casing Centralizers Market: Regional Analysis

North America continues to account for a majority share of the global casing centralizers market value, owing to growing demand for hydrocarbon from the power generation and transport industries. Moreover, continuous shale gas exploration and production activities in the region are driving the demand for casing centralizers. The market is also driven by significant growth in unconventional resources in the US and Canada and demand from the onshore and offshore fields.

North America’s casing centralizers market is projected to register a CAGR of 4.1% to create absolute $ opportunity worth US$ 108.1 million during the forecast period. However, the region is facing an economic slowdown and dramatic downfall in oil & gas production since the last quarter, due to rampant spread of the COVID-19 in the U.S. This is expected to have a severe impact on the regional market for casing centralizers.

casing centralizers market regional value opportunity

To understand regional dynamics of the casing centralizers market, request a report sample

New Product Development to Remain a Key Growth Strategy

The casing centralizers market is highly consolidated in nature. Leading players are prioritizing the introduction of new products to strengthen their position in the market. For instance, in April 2020, Centek Group developed a hinged centralizer to reduce the transportation costs and storage. The new hinged centralizer has no weak spots and can be used in challenging wells.

Leading players operating in the global casing centralizers market include Halliburton, Maxwell Oil Tools Ltd, Moonshine Solutions AS, NeOz Energy, National Oilwell Varco, Summit Casing Equipment, and Weatherford International.

COVID-19 Impact Analysis

The coronavirus outbreak has caused a devastating impact on the global economy. In particular, reduced in demand for oil has resulted in a twofold challenge – a drop in oil’s value and a consequential price war. In response to strained demand, oil-producing countries such as Saudi Arabia, Iraq, and Nigeria have opted to sell crude oil at the low rates, while several oil companies are scaling down on their exploration, production, and new projects budget.

With the COVID-19 outbreak, the industrial wheels began to spin slowly and means of transportation began to be used at a low rate. This situation caused the demand for oil to decrease by 30% in a short time. Such challenges prevailing in the oil and gas industries are poised to hinder the adoption of the casing centralizers globally. 

The Analyst’s Viewpoint

“Decrease in oil & gas exploration and production during the COVID-19 pandemic will hinder a manufacturer's ability to invest in future projects. However, during the recovery process, global oil demand will slowly move towards normalcy and play an instrumental role in the casing centralizers market growth”. 

Global Casing Centralizers Market: Scope of the Report:

The recent report on the global casing centralizers market by Fact.MR offers a 10-year forecast for the period of 2020-2030. The report elaborates on key drivers, restraints, opportunities, and threats to the expansion of the global casing centralizers market. A detailed segmental analysis based on product, application, materials and regions has been provided in the report.

Regional analysis in terms of supply chain, business execution and market value provides an in-depth perspective about the future scope of the global casing centralizers market. In addition, a separate section on market structure has been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the casing centralizers market.

Casing Centralizers Market - Scope of the Report

Fact.MR recently published an exclusive study on the global market for casing centralizers. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the casing centralizers market structure. The market study presents comprehensive information about how the casing centralizers market will grow during the forecast period of 2020-2030.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain and supply chain analyses, and Compounded Annual Growth Rate (CAGR), are explained in the Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the casing centralizers market in the forecast period.

The study is relevant for stakeholders in the casing centralizers market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the casing centralizers market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro- and microeconomic factors that are impacting developments in the casing centralizers market. It also offers actionable insights based on future trends in the casing centralizers market. Furthermore, small businesses and new entrants in the casing centralizers market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Casing Centralizers Market

The Fact.MR’s study on the casing centralizers market offers information divided into three key segments—product, application and materials across five regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

Application

Materials

Region

  • Bow Spring Casing Centralizers
  • Rigid Blade Casing Centralizers
  • Semi-Rigid Casing Centralizers
  • Inter-Casing Centralizers Sub
  • Onshore
  • Offshore
  • Steel
  • Aluminium
  • Zinc
  • Polymer
  • Resin
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Key Questions Answered in the Fact.MR’s Casing Centralizers Market Report

  • Which regions will continue to remain the most profitable regional markets for casing centralizers market players?
  • Which factors will induce a change in the demand for casing centralizers during the assessment period?
  • How will changing trends impact the casing centralizers market?
  • How can market players capture the low-hanging opportunities in the casing centralizers market in developed regions?
  • Which companies are leading the casing centralizers market?
  • What are the winning strategies of stakeholders in the casing centralizers market to upscale their position in this landscape?

Casing Centralizers Market: Research Methodology

In the Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the casing centralizers market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the casing centralizers market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks & Trends Assessment

    3.1. Impact of COVID-19 Crisis on Casing Centralizers Demand

    3.2. Impact on Market Value (US$ Mn)

        3.2.1. Likely Loss of Value in 2020

        3.2.2. Mid-term and Long Term Forecast

        3.2.3. Quarter by Quarter Dip and Recovery Assessment 

        3.2.4. Comparison with SARS & MERS Epidemic

4. Global Casing Centralizers Market - Pricing Analysis

    4.1. Regional Pricing Analysis By Product

    4.2. Global Average Pricing Analysis Benchmark

5. Global Casing Centralizers Market Demand (US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

    5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Market Background

    6.1. Macro-Economic Factors

        6.1.1. Global GDP Analysis

        6.1.2. Global Energy Sector Overview

        6.1.3. Global Oil & Gas Industry Overview

        6.1.4. Global Wells Drilled, By Region-2018

        6.1.5. Global Oil Consumption

        6.1.6. Global Natural Gas Consumption

    6.2. Forecast Factors - Relevance & Impact

    6.3. Value Chain

    6.4. Market Dynamics

        6.4.1. Drivers

        6.4.2. Restraints

        6.4.3. Opportunity Analysis

7. Global Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030, by Product

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2015-2019

    7.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2020-2030

        7.3.1. Bow Spring Casing Centralizers

        7.3.2. Rigid Blade Casing Centralizers

        7.3.3. Semi-Rigid Casing Centralizers

        7.3.4. Inter-Casing Centralizers Sub

    7.4. Market Attractiveness Analysis By Product

8. Global Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030, by Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2015-2019

    8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2020-2030

        8.3.1. Onshore

        8.3.2. Offshore

    8.4. Market Attractiveness Analysis By Application

9. Global Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030, by Materials

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Materials, 2015-2019

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Materials, 2020-2030

        9.3.1. Steel

        9.3.2. Aluminum

        9.3.3. Zinc

        9.3.4. Polymer

        9.3.5. Resin

    9.4. Market Attractiveness Analysis By Materials

10. Global Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015-2019

    10.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020-2030

        10.3.1. North America 

        10.3.2. Latin America 

        10.3.3. Europe 

        10.3.4. Asia-Pacific

        10.3.5. Middle East & Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    11.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Product

        11.4.3. By Application

        11.4.4. By Materials

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Product

        11.5.3. By Application

        11.5.4. By Materials

12. Latin America Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Argentina

            12.4.1.4. Rest of Latin America

        12.4.2. By Product

        12.4.3. By Application

        12.4.4. By Materials

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Product

        12.5.3. By Application

        12.5.4. By Materials

13. Europe Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        13.4.1. By Country

            13.4.1.1. UK

            13.4.1.2. Norway

            13.4.1.3. Russia

            13.4.1.4. Rest of Europe

        13.4.2. By Product

        13.4.3. By Application

        13.4.4. By Materials

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product

        13.5.3. By Application

        13.5.4. By Materials

14. Asia-Pacific Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        14.4.1. By Country

            14.4.1.1. China

            14.4.1.2. India

            14.4.1.3. Indonesia

            14.4.1.4. Thailand

            14.4.1.5. Australia

            14.4.1.6. Rest of Asia-Pacific

        14.4.2. By Product

        14.4.3. By Application

        14.4.4. By Materials

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product

        14.5.3. By Application

        14.5.4. By Materials

15. Middle East & Africa (MEA) Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        15.4.1. By Country

            15.4.1.1. Saudi Arabia

            15.4.1.2. UAE

            15.4.1.3. Oman

            15.4.1.4. Kuwait

            15.4.1.5. Qatar

            15.4.1.6. Turkey

            15.4.1.7. Algeria

            15.4.1.8. Egypt

            15.4.1.9. Rest of MEA

        15.4.2. By Product

        15.4.3. By Application

        15.4.4. By Materials

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product

        15.5.3. By Application

        15.5.4. By Materials

16. Key Countries Casing Centralizers Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. U.S. Casing Centralizers Market Analysis

        16.1.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.1.1.1. By Product

            16.1.1.2. By Application

            16.1.1.3. By Materials

    16.2. Canada Casing Centralizers Market Analysis

        16.2.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.2.1.1. By Product

            16.2.1.2. By Application

            16.2.1.3. By Materials

    16.3. Brazil Casing Centralizers Market Analysis

        16.3.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.3.1.1. By Product

            16.3.1.2. By Application

            16.3.1.3. By Materials

    16.4. Mexico Casing Centralizers Market Analysis

        16.4.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.4.1.1. By Product

            16.4.1.2. By Application

            16.4.1.3. By Materials

    16.5. Argentina Casing Centralizers Market Analysis

        16.5.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.5.1.1. By Product

            16.5.1.2. By Application

            16.5.1.3. By Materials

    16.6. UK Casing Centralizers Market Analysis

        16.6.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.6.1.1. By Product

            16.6.1.2. By Application

            16.6.1.3. By Materials

    16.7. Norway Casing Centralizers Market Analysis

        16.7.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.7.1.1. By Product

            16.7.1.2. By Application

            16.7.1.3. By Materials

    16.8. Russia Casing Centralizers Market Analysis

        16.8.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.8.1.1. By Product

            16.8.1.2. By Application

            16.8.1.3. By Materials

    16.9. China Casing Centralizers Market Analysis

        16.9.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.9.1.1. By Product

            16.9.1.2. By Application

            16.9.1.3. By Materials

    16.10. India Casing Centralizers Market Analysis

        16.10.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.10.1.1. By Product

            16.10.1.2. By Application

            16.10.1.3. By Materials

    16.11. IndonesiaCasing Centralizers Market Analysis

        16.11.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.11.1.1. By Product 

            16.11.1.2. By Application

            16.11.1.3. By Materials

    16.12. Thailand Casing Centralizers Market Analysis

        16.12.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.12.1.1. By Product 

            16.12.1.2. By Application

            16.12.1.3. By Materials

    16.13. Australia Casing Centralizers Market Analysis

        16.13.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.13.1.1. By Product 

            16.13.1.2. By Application

            16.13.1.3. By Materials

    16.14. Saudi Arabia Casing Centralizers Market Analysis

        16.14.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.14.1.1. By Product 

            16.14.1.2. By Application

            16.14.1.3. By Materials

    16.15. UAE Casing Centralizers Market Analysis

        16.15.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.15.1.1. By Product 

            16.15.1.2. By Application

            16.15.1.3. By Materials

    16.16. Kuwait Casing Centralizers Market Analysis

        16.16.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.16.1.1. By Product 

            16.16.1.2. By Application

            16.16.1.3. By Materials

    16.17. Oman Casing Centralizers Market Analysis

        16.17.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.17.1.1. By Product 

            16.17.1.2. By Application

            16.17.1.3. By Materials

    16.18. Qatar CountriesCasing Centralizers Market Analysis

        16.18.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.18.1.1. By Product 

            16.18.1.2. By Application

            16.18.1.3. By Materials

    16.19. Turkey Casing Centralizers Market Analysis

        16.19.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.19.1.1. By Product 

            16.19.1.2. By Application

            16.19.1.3. By Materials

    16.20. Algeria Casing Centralizers Market Analysis

        16.20.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.20.1.1. By Product 

            16.20.1.2. By Application

            16.20.1.3. By Materials

    16.21. Egypt Casing Centralizers Market Analysis

        16.21.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            16.21.1.1. By Product 

            16.21.1.2. By Application

            16.21.1.3. By Materials

17. Market Structure Analysis

    17.1. Market Analysis by Tier of Companies (Casing Centralizers)

    17.2. Market Share Analysis of Top Players

18. Competition Analysis

    18.1. Competition Assessment

        18.1.1. Market Structure Analysis

        18.1.2. Market Tier Structure

    18.2. Company Profiles

        18.2.1. Halliburton

            18.2.1.1. Overview

            18.2.1.2. Product Portfolio

            18.2.1.3. Strategy Overview

        18.2.2. Maxwell Oil Tools Ltd

            18.2.2.1. Overview

            18.2.2.2. Product Portfolio

            18.2.2.3. Strategy Overview

        18.2.3. Moonshine Solutions AS

            18.2.3.1. Overview

            18.2.3.2. Product Portfolio

            18.2.3.3. Strategy Overview

        18.2.4. NeOz Energy

            18.2.4.1. Overview

            18.2.4.2. Product Portfolio

            18.2.4.3. Strategy Overview

        18.2.5. National Oilwell Varco

            18.2.5.1. Overview

            18.2.5.2. Product Portfolio

            18.2.5.3. Strategy Overview

        18.2.6. Summit Casing Equipment

            18.2.6.1. Overview

            18.2.6.2. Product Portfolio

            18.2.6.3. Strategy Overview

        18.2.7. Centek Group (Madison Industries)

            18.2.7.1. Overview

            18.2.7.2. Product Portfolio

            18.2.7.3. Strategy Overview

        18.2.8. Ray Oil Tool Company

            18.2.8.1. Overview

            18.2.8.2. Product Portfolio

            18.2.8.3. Strategy Overview

        18.2.9. Sledgehammer Oil Tools

            18.2.9.1. Overview

            18.2.9.2. Product Portfolio

            18.2.9.3. Strategy Overview

        18.2.10. Weatherford International

            18.2.10.1. Overview

            18.2.10.2. Product Portfolio

            18.2.10.3. Strategy Overview

19. Assumptions and Acronyms Used

20. Research Approach

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Casing Centralizers Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030