Coated Casing Market Trends and Forecast
The future of the global coated casing market looks promising with opportunities in the food and beverage, oil and gas, chemical, cosmetic, and maritime markets. The global coated casing market is expected to grow with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand for corrosion-resistant casing materials in oil and gas production and increasing shale gas exploration activities.
• Lucintel forecasts that surface casing is expected to witness the highest growth over the forecast period.
• Within this market, food and beverage is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coated Casing Market
• United States: Weatherford International announced a new generation of coated casing solutions for shale gas extraction, enhancing corrosion resistance and well integrity.
• Russia: Gazprom Neft launched advanced coated casing technologies for Arctic drilling, focusing on durability in extreme cold conditions. Their initiative includes local manufacturing to meet domestic demand and reduce import dependence.
• Saudi Arabia: Saudi Aramco introduced eco-friendly coated casing materials to reduce environmental impact in oil extraction. They plan to integrate these technologies across their operations, targeting improved operational efficiency and sustainability goals.
• China: CNPC (China National Petroleum Corporation) expanded its coated casing production capacity to meet growing domestic demand for enhanced oil recovery techniques. They are investing in R&D to develop customized solutions for unconventional reservoirs.
• Brazil: Petrobras announced a partnership with local suppliers to develop cost-effective coated casing solutions for deepwater drilling in the pre-salt fields. They are focusing on improving offshore operational efficiency and reliability to support BrazilÄX%$%Xs oil production targets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coated Casing Market by Segment
The study includes a forecast for the global coated casing market by type, application, and region.
Coated Casing Market by Type [Value from 2018 to 2030]:
• Surface Casing
• Intermediate Casing
• Production Casing
• Drilling Casing
Coated Casing Market by Application [Value from 2018 to 2030]:
• Food and Beverage
• Oil and Gas Industries
• Chemical Industries
• Cosmetic Industries
• Maritime Industries
• Others
Coated Casing Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coated Casing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coated casing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coated casing companies profiled in this report include-
• Elshazly Casings Company
• Abter Steel
• Dat-Schaub
• World Casings Corporation
• Viskase Companies
• Rugao Qingfeng Casing
• Kalle
Recent Development in the Coated Casing Market
• Tenaris introduced a new series of high-performance coated casing products designed for challenging environments, focusing on corrosion resistance and longevity in the offshore and onshore applications.
• NOV launched advanced coated casing technologies with enhanced durability and thermal insulation properties, targeting cost savings and operational efficiency improvements for oilfield operators.
• Vallourec developed innovative coated casing solutions with improved mechanical properties and environmental performance, aimed at optimizing well integrity and reducing environmental footprint in oil and gas production.
• Tubular Solutions expanded its portfolio with eco-friendly coated casing materials that comply with stringent environmental regulations, catering to sustainability-conscious oil and gas companies while maintaining high performance standards.
Features of the Global Coated Casing Market
Market Size Estimates: Coated casing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coated casing market size by type, application, and region in terms of value ($B).
Regional Analysis: Coated casing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coated casing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coated casing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for coated casing market?
Answer: The global coated casing market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the coated casing market?
Answer: The major drivers for this market are growing demand for corrosion-resistant casing materials in oil and gas production and increasing shale gas exploration activities.
Q3. What are the major segments for coated casing market?
Answer: The future of the coated casing market looks promising with opportunities in the food and beverage, oil and gas, chemical, cosmetic, and maritime markets.
Q4. Who are the key coated casing market companies?
Answer: Some of the key coated casing companies are as follows:
• Elshazly Casings Company
• Abter Steel
• Dat-Schaub
• World Casings Corporation
• Viskase Companies
• Rugao Qingfeng Casing
• Kalle
Q5. Which coated casing market segment will be the largest in future?
Answer: Lucintel forecasts that surface casing is expected to witness the highest growth over the forecast period.
Q6. In coated casing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coated casing market by type (surface casing, intermediate casing, production casing, and drilling casing), application (food and beverage, oil and gas industries, chemical industries, cosmetic industries, maritime industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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