Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Downhole Casing Market by Type (Surface Casing, Oil Layer Casing, Other), By Application (Drilling for Oil, Mining, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Downhole Casing Market by Type (Surface Casing, Oil Layer Casing, Other), By Application (Drilling for Oil, Mining, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156434 3300 Machinery & Equipment 377 242 Pages 4.9 (36)

Market Overview:

The global downhole casing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing drilling and exploration activities for oil and gas are also contributing to the growth of this market. The surface casing segment is expected to dominate the global downhole casing market during the forecast period owing to its wide usage in drilling operations across different regions.

Global Downhole Casing Industry Outlook

Product Definition:

Downhole casing is a type of piping that is inserted into a wellbore. It is used to protect the well bore from collapse, and to contain the production of oil or gas.

Surface Casing:

Surface casing is a device used to protect the downhole portion of the drilling string from external forces. It helps in protecting against damage and facilitates smooth operations. The surface casing can be considered as an outer tube made up of high strength steel or other alloy material, which is fitted over the drill bit and protects it from rock injuries.

The global surface casing market size was valued at USD 1,867 million in 2016.

Oil Layer Casing:

Oil layer casing is a special type of drill string that is used to protect the drill bit from damaging and to provide lubrication for drilling purposes. The basic function of oil layer casing is to carry outhole fluids such as mud, cuttings, and water away from the drilling area. Oil-layers in this case are thin films cast on top of the mud or other cuttings which forms an external protective coating.

Application Insights:

The drilling for oil application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for deep-hole drilling rigs and equipment across the globe owing to growing production of crude oil & gas from shale reserves. Moreover, technological advancements in downhole equipment are further expected to drive industry expansion over the coming years.

The mining application segment is estimated to witness significant growth during the forecast period, owing to rising demand for coal, metal ores & concentrates and other minerals across various regions including Asia Pacific, Africa and Middle East countries such as Saudi Arabia UAE Kuwait Qatar etc.

Regional Analysis:

North America dominated the global downhole casing market in 2017. The region is expected to witness moderate growth over the forecast period owing to a rise in oil and gas exploration activities coupled with government support for infrastructure development. In North America, U.S.

Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period due to rising investments by various companies operating in this space such as Sinopec, Mocal Energy, and Petronas Carigali Malaysia Bhd.

Latin America also holds immense potential for industry expansion on account of growing petroleum activities mainly in Brazil.

Growth Factors:

  • Increasing demand for oil and gas due to population growth and industrialization
  • Rising investment in exploration and production activities
  • Technological advancements in downhole casing equipment and drilling techniques
  • Stringent government regulations for safety and environment protection
  • Growing demand from emerging markets

Scope Of The Report

Report Attributes

Report Details

Report Title

Downhole Casing Market Research Report

By Type

Surface Casing, Oil Layer Casing, Other

By Application

Drilling for Oil, Mining, Other

By Companies

Schlumberger, Deep Casing Tools, Sandvik, Centura Oil, Ardyne, Gryphon Oil Field, Ray Oil Tool, WB Supply, Hovoy

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Downhole Casing Market Report Segments:

The global Downhole Casing market is segmented on the basis of:


Surface Casing, Oil Layer Casing, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Drilling for Oil, Mining, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Schlumberger
  2. Deep Casing Tools
  3. Sandvik
  4. Centura Oil
  5. Ardyne
  6. Gryphon Oil Field
  7. Ray Oil Tool
  8. WB Supply
  9. Hovoy

Global Downhole Casing Market Overview

Highlights of The Downhole Casing Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Surface Casing
    2. Oil Layer Casing
    3. Other
  1. By Application:

    1. Drilling for Oil
    2. Mining
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Downhole Casing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Downhole Casing Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Downhole casing is a type of tubing used to protect workers and equipment from the hazards of drilling and mining. It is typically made of steel or plastic, and is inserted into the ground through a hole in the surface. Downhole casings are usually fitted with valves that allow them to be opened and closed as needed, allowing drilling fluid, air, or water to flow through them.

Some of the key players operating in the downhole casing market are Schlumberger, Deep Casing Tools, Sandvik, Centura Oil, Ardyne, Gryphon Oil Field, Ray Oil Tool, WB Supply, Hovoy.

The downhole casing market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Downhole Casing Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Downhole Casing Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Downhole Casing Market - Supply Chain
   4.5. Global Downhole Casing Market Forecast
      4.5.1. Downhole Casing Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Downhole Casing Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Downhole Casing Market Absolute $ Opportunity

5. Global Downhole Casing Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Downhole Casing Market Size and Volume Forecast by Type
      5.3.1. Surface Casing
      5.3.2. Oil Layer Casing
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Downhole Casing Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Downhole Casing Market Size and Volume Forecast by Application
      6.3.1. Drilling for Oil
      6.3.2. Mining
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Downhole Casing Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Downhole Casing Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Downhole Casing Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Downhole Casing Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Downhole Casing Demand Share Forecast, 2019-2026

9. North America Downhole Casing Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Downhole Casing Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Downhole Casing Market Size and Volume Forecast by Application
      9.4.1. Drilling for Oil
      9.4.2. Mining
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Downhole Casing Market Size and Volume Forecast by Type
      9.7.1. Surface Casing
      9.7.2. Oil Layer Casing
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Downhole Casing Demand Share Forecast, 2019-2026

10. Latin America Downhole Casing Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Downhole Casing Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Downhole Casing Market Size and Volume Forecast by Application
      10.4.1. Drilling for Oil
      10.4.2. Mining
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Downhole Casing Market Size and Volume Forecast by Type
      10.7.1. Surface Casing
      10.7.2. Oil Layer Casing
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Downhole Casing Demand Share Forecast, 2019-2026

11. Europe Downhole Casing Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Downhole Casing Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Downhole Casing Market Size and Volume Forecast by Application
      11.4.1. Drilling for Oil
      11.4.2. Mining
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Downhole Casing Market Size and Volume Forecast by Type
      11.7.1. Surface Casing
      11.7.2. Oil Layer Casing
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Downhole Casing Demand Share, 2019-2026

12. Asia Pacific Downhole Casing Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Downhole Casing Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Downhole Casing Market Size and Volume Forecast by Application
      12.4.1. Drilling for Oil
      12.4.2. Mining
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Downhole Casing Market Size and Volume Forecast by Type
      12.7.1. Surface Casing
      12.7.2. Oil Layer Casing
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Downhole Casing Demand Share, 2019-2026

13. Middle East & Africa Downhole Casing Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Downhole Casing Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Downhole Casing Market Size and Volume Forecast by Application
      13.4.1. Drilling for Oil
      13.4.2. Mining
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Downhole Casing Market Size and Volume Forecast by Type
      13.7.1. Surface Casing
      13.7.2. Oil Layer Casing
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Downhole Casing Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Downhole Casing Market: Market Share Analysis
   14.2. Downhole Casing Distributors and Customers
   14.3. Downhole Casing Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Schlumberger Overview Financials Developments Strategic Outlook
      14.4.2. Deep Casing Tools Overview Financials Developments Strategic Outlook
      14.4.3. Sandvik Overview Financials Developments Strategic Outlook
      14.4.4. Centura Oil Overview Financials Developments Strategic Outlook
      14.4.5. Ardyne Overview Financials Developments Strategic Outlook
      14.4.6. Gryphon Oil Field Overview Financials Developments Strategic Outlook
      14.4.7. Ray Oil Tool Overview Financials Developments Strategic Outlook
      14.4.8. WB Supply Overview Financials Developments Strategic Outlook
      14.4.9. Hovoy Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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