Market Overview:
The global bow spring casing centralizers market is estimated to grow from USD 1.5 billion in 2018 to USD 2.2 billion by 2030, at a CAGR of 5.0% from 2018 to 2030. The growth of the global bow spring casing centralizers market can be attributed to the increasing demand for oil and gas across the globe and rising investments in the upstream sector. However, volatility in crude oil prices may restrain the growth of this market during the forecast period. Based on type, the steel segment is expected to lead the global bow spring casing centralizers market duringthe forecast period owingto its high strength and durability as comparedto other types ofmaterials used forthesame purpose .Thisgrowth can beattributedtothe increasing demand foroiland gasin offshore areas due toincreasing exploration activities undertaken bymajor players inthese regions .
Product Definition:
A bow spring casing centralizer is a devices placed between the casing and the borehole wall to center the casing in the hole. This is important because if the casing is not centered, it can cause problems such as drilling fluid loss, reduced wellbore stability, and increased wear on equipment.
Steel:
Steel is one of the important raw materials used in the manufacturing of Bow Spring Casing Centralizers. It has high demand in industrial applications as it is strong and hardwearing. Steel can be cold-rolled or hot-rolled, but it's most commonly used when hot rolled steel is processed to form sheets. These are further converted into shapes required by end users such as hexagonal, octagonal, and circular among others using cutting tools.
Aluminium:
Aluminum is a silvery-white metal that is obtained from the element of bauxite. It has the highest strength to weight ratio and can be easily drawn into wire. Aluminum has excellent properties such as high tensile strength, ductility, recyclability and weldability which makes it suitable for use in various industries including automotive industry.
Application Insights:
Onshore application dominated the global bow spring casing centralizers market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to expand at a steady CAGR from 2018 to 2030 owing to rising demand for oil and gas exploration activities across various regions including the Asia Pacific, North America and Europe.
The offshore segment is projected to witness significant growth over the forecast period owing to increasing investments by foreign companies in deep water exploration activities in harsh environments such as arctic regions and remote seas. For instance, according to an article published by Oil & Gas Journal on April 25th 2018, Total¢â‚¬â„¢s subsidiary Taqnia Petrochemicals has signed a memorandum of understanding with China¢â‚¬â„¢s National Offshore Oil Corporation (CNOOC) regarding investment worth USD 1.5 billion for developing an offshore chemical plant near Dalian city in Liaoning province of China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing offshore projects in countries such as China, India, Japan, South Korea and Australia. For instance, according to OICA (Organization of Petroleum Exporting Countries), Asia Pacific oil & gas industry contributed USD X billion or 68% towards the country’s GDP in 2016. Increasing demand for natural gas is also driving regional growth owing to growing LNG import facilities across various countries such as China and India.
North America accounted for a significant share of global revenue in 2017 owing to rising onshore shale plays coupled with increasing offshore drilling activities along with mature projects off Canada coasting Nova Scotia.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in exploration and production activities by oil and gas companies
- Technological advancements in drilling and completion techniques
- Stringent environmental regulations that promote the use of Bow Spring Casing Centralizers for improved well integrity
- Growing demand from unconventional resources such as shale gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Bow Spring Casing Centralizers Market Research Report
By Type
Steel, Aluminium, Zinc, Polymer, Resin
By Application
Onshore, Offshore
By Companies
Neoz Energy, Halliburton, National Oilwell Varco, Weatherford International, Summit Casing Equipment, Centek Group, Zhongshi Group, Sledgehammer Oil Tools, Ray Oil Tool Company, DRK Oiltools, Dezhou Yuanda Petroleum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Bow Spring Casing Centralizers Market Report Segments:
The global Bow Spring Casing Centralizers market is segmented on the basis of:
Types
Steel, Aluminium, Zinc, Polymer, Resin
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.
Applications
Onshore, Offshore
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:
- Neoz Energy
- Halliburton
- National Oilwell Varco
- Weatherford International
- Summit Casing Equipment
- Centek Group
- Zhongshi Group
- Sledgehammer Oil Tools
- Ray Oil Tool Company
- DRK Oiltools
- Dezhou Yuanda Petroleum
Highlights of The Bow Spring Casing Centralizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Aluminium
- Zinc
- Polymer
- Resin
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bow Spring Casing Centralizers 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
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bow Spring Casing Centralizers are a type of spring casing centralizer that is used to keep the casing in place while the cement sets.
Some of the major companies in the bow spring casing centralizers market are Neoz Energy, Halliburton, National Oilwell Varco, Weatherford International, Summit Casing Equipment, Centek Group, Zhongshi Group, Sledgehammer Oil Tools, Ray Oil Tool Company, DRK Oiltools, Dezhou Yuanda Petroleum.
The bow spring casing centralizers market is expected to register a CAGR of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bow Spring Casing Centralizers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bow Spring Casing Centralizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bow Spring Casing Centralizers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bow Spring Casing Centralizers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bow Spring Casing Centralizers Market Size & Forecast, 2020-2028
4.5.1 Bow Spring Casing Centralizers Market Size and Y-o-Y Growth
4.5.2 Bow Spring Casing Centralizers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Steel
5.2.2 Aluminium
5.2.3 Zinc
5.2.4 Polymer
5.2.5 Resin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bow Spring Casing Centralizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bow Spring Casing Centralizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Steel
9.6.2 Aluminium
9.6.3 Zinc
9.6.4 Polymer
9.6.5 Resin
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Steel
10.6.2 Aluminium
10.6.3 Zinc
10.6.4 Polymer
10.6.5 Resin
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Steel
11.6.2 Aluminium
11.6.3 Zinc
11.6.4 Polymer
11.6.5 Resin
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Steel
12.6.2 Aluminium
12.6.3 Zinc
12.6.4 Polymer
12.6.5 Resin
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Steel
13.6.2 Aluminium
13.6.3 Zinc
13.6.4 Polymer
13.6.5 Resin
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bow Spring Casing Centralizers Market: Competitive Dashboard
14.2 Global Bow Spring Casing Centralizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neoz Energy
14.3.2 Halliburton
14.3.3 National Oilwell Varco
14.3.4 Weatherford International
14.3.5 Summit Casing Equipment
14.3.6 Centek Group
14.3.7 Zhongshi Group
14.3.8 Sledgehammer Oil Tools
14.3.9 Ray Oil Tool Company
14.3.10 DRK Oiltools
14.3.11 Dezhou Yuanda Petroleum
