Well Casing Market Size, Trends, and Insights By Type (Cementation Equipment, Casing Equipment), By Application (Onshore, Offshore), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030


Report Code: CMI18595

Published Date: September 2022

Pages: 220+

Category: Semiconductors & Electronics

Reports Description

According to Custom Market Insights (CMI), Well Casing Market offers a comprehensive and deep evaluation of the market’s stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis. Research shows that the Well Casing market was estimated at around USD 8.45 billion in 2021, growing at a CAGR of nearly 7.5% from 2022-2030. The market is projected to reach approximately USD 18.23 billion by 2030.

Well Casing Market (By Application)

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Well Casing Market: Overview

Large-diameter tubing placed into the bore well’s drill area is called casing. Cement and other materials between the casings and wellbore are typically used to hold this casing. Well-casing is regarded as a key component of the well-completion process. It reinforces the well’s walls and provides structural support. Additionally, it stops other fluids or gases, such as groundwater, surface water, and others, from entering the well. Furthermore, it guards against damage to machinery like pumps and rising mains.

Well Casing Market: COVID – 19 Impact Analysis

The rapid spread of the coronavirus pandemic has significantly influenced the demand for gas in the major natural gas-consuming states and cities of developing economies. Due to the decreased demand and disruptions throughout these regions with extensive gas pipeline networks, LNG imports have also been impacted. These and other factors have made the prognosis for the good casing sector difficult in recent months.

However, the mining industry’s recovery from the COVID-19 issue may help the economy recover shortly. Additionally, the positive financial Outlook is anticipated to support mining businesses’ resilience as they deal with the pandemic’s effects on their daily operations. This aspect can increase the need for casing pipes and other equipment for mining wells worldwide.

Well Casing Market: Growth Drivers

The Surge in Demand for Energy Worldwide

The well-casing market share will benefit from the rising domestic electricity consumption during the projection period. Consider the widespread use of domestic equipment in developing countries, such as refrigerators, toasters, kettles, microwaves, and blenders. In the coming years, the market will notice robust expansion thanks to the expanding adoption of several government programs to promote electrification.

High Capital Investments in Developing Economies

The well-casing market trends will pick up speed due to increased income in developing countries and capital expenditure in the power sector. The market will expand quickly in the next year thanks to the increasing investment made by major offshore oil and gas development participants. In the Arabian Gulf, for instance, Kuwait Oil Company (KOC) won a contract for integrated offshore drilling services for six high-pressure, high-temperature exploratory wells on two jack-up rigs. For managing drilling, fluids, wireline and perforating, well testing, cementing, and all offshore logistics services, KOC will receive help from the Halliburton firm.

Well Casing Market: Segmentation Analysis

The Well Casing market is segmented into equipment and application. By 2030, the well-casing market segment will have the biggest market share. The well is primarily supported by the casing equipment since, without support, the well’s raw side would collapse. Conductor casing, surface casing, intermediate casing, production casing, and liner are a few of the several types of the casing. They are utilized in line with the well’s characteristics. The casing is an expensive technique since it must be done on several layers. So, the casing has a bigger market share in the well-casing industry.

Well Casing Market (By Type)

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The offshore category is anticipated to increase the fastest during the projected period. The main factors driving this segment’s growth are the offshore oil and gas projects’ cost-cutting and digitalization. In the end, this would open up new revenue opportunities for the well-casing and cementing industry during the anticipated timeframe. As a result of their planned exploration and drilling initiatives for the upcoming years, new oilfield finds in offshore regions are likely to expand drilling activities, particularly in North America. These offshore advancements are propelling the well-casing market.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 8.45 billion
Projected Market Size in 2030 USD 18.23 Billion
CAGR Growth Rate 7.5% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Akzo Nobel N.V., Celanese Corporation, Wasco Energy Group of Companies, LyondellBasell Industries Holdings B.V., The Dow Chemical Company, Arkema S.A., E.I. Du Pont De Nemours & Co., Tenaris SA., BASF SE Covestro AG, and Others
Key Segment By Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights:

  • As per the analysis shared by our research analyst, the Well Casing market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2022-2030).
  • In terms of revenue, the well Casing market size was valued at around USD 8.45 billion in 2021 and is projected to reach USD 18.23 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on equipment segmentation, the well-casing segment was estimated to hold the largest market share in the year 2021.
  • Based on application segmentation, the offshore segment is projected to notice tremendous growth during 2022-2030.
  • On the basis of geography/region, the North American region was the leading revenue generator in 2021.

Recent Development

  • September 2022: Vecta Oil and Gas Ltd., a joint venture partner, and AMI operator, has made progress on the Sammons 315310C well at the Serenity discovery in Las Animas County, Colorado. The Sammons 315310C well’s casing has now been positioned 1,270 feet down in the shale that divides the upper and lowers Lyons sands by Vecta.
  • August 2022: The TTCBM Project Permit that independently evaluated the Gross Prospective Resource of 1 Tcf of gas has prospective regions. Jade Gas Holdings has increased its drilling program to target natural gas from three coal seams of interest (IV, III, and 0) across these areas.

Regional Landscape

The North American region is projected to take the lead in 2021 and experience rapid expansion over the next five years. The increase in demand for hydrocarbons to support power generation is credited with the region’s growth. Opportunities will arise for the market in the region as a result of the expansion of the transport sector and ongoing hydrocarbon projects in the United States and Canada. Due to the high demand for gasoline and natural gas brought on by the region’s private and passenger automobiles, the market will increase favorably. For instance, more than 5% of primary consumption in the United States is powered by petroleum and gas.

Well Casing Market (trends by region)

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Due to the enormous need for energy from China and India, Asia Pacific is expected to rise quickly in the years to come. The region’s well casing market will expand as a result of the region’s increasing urbanization, industrialization, and population increase. Opportunities will arise for the Asia Pacific market as a result of the rising investment in exploration and production (E&P) to lower the foreign exchange spent on oil and gas imports as well as hydrocarbon consumption.

Competitive Landscape

The market is moderately competitive, and the major competitors are concentrating more and more on gaining a competitive edge. The leading Well Casing companies concentrate on R&D to create cutting-edge technology solutions.

List of the prominent players in the global Well Casing market:

  • Akzo Nobel N.V.
  • Celanese Corporation
  • Wasco Energy Group of Companies
  • LyondellBasell Industries Holdings B.V.
  • The Dow Chemical Company
  • Arkema S.A.
  • I. Du Pont De Nemours & Co.
  • Tenaris SA.
  • BASF SE Covestro AG

The global Well Casing market is segmented as follows:

By Type

  • Cementation Equipment
  • Casing Equipment

By Application

  • Onshore
  • Offshore

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Well Casing Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Well Casing Market: snapshot
  • Chapter 3. Global Well Casing Market – Industry Analysis
    • 3.1 Well Casing Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The Surge in Demand for Energy Worldwide
      • 3.2.2 The Surge in Demand for Energy Worldwide
      • 3.2.3 High Capital Investments in Developing Economies
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By Onshore
      • 3.7.4 Market attractiveness analysis By Offshore
  • Chapter 4. Global Well Casing Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Well Casing Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Well Casing Market – Type Analysis
    • 5.1 Global Well Casing Market overview: By Type
      • 5.1.1 Global Well Casing Market share, By Type, 2021 and 2030
    • 5.2 Cementation Equipment
      • 5.2.1 Global Well Casing Market by Cementation Equipment, 2022 – 2030 (USD Billion)
    • 5.3 Casing Equipment
      • 5.3.1 Global Well Casing Market by Casing Equipment, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Well Casing Market – Application Analysis
    • 6.1 Global Well Casing Market overview: By Application
      • 6.1.1 Global Well Casing Market share, By Application, 2021 and 2030
  • Chapter 7. Global Well Casing Market – Onshore Analysis
    • 7.1 Global Well Casing Market overview: By Onshore
      • 7.1.1 Global Well Casing Market share, By Onshore, 2021 and 2030
  • Chapter 8. Global Well Casing Market – Offshore Analysis
    • 8.1 Global Well Casing Market overview: By Offshore
      • 8.1.1 Global Well Casing Market share, By Offshore, 2021 and 2030
  • Chapter 9. Well Casing Market – Regional Analysis
    • 9.1 Global Well Casing Market Regional Overview
    • 9.2 Global Well Casing Market Share, by Region, 2021 & 2030 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Well Casing Market, 2022 – 2030 (USD Billion)
        • 9.3.1.1 North America Well Casing Market, by Country, 2022 – 2030 (USD Billion)
    • 9.4 North America Well Casing Market, by Type, 2022 – 2030
      • 9.4.1 North America Well Casing Market, by Type, 2022 – 2030 (USD Billion)
    • 9.5 North America Well Casing Market, by Application, 2022 – 2030
      • 9.5.1 North America Well Casing Market, by Application, 2022 – 2030 (USD Billion)
    • 9.6 North America Well Casing Market, by Onshore, 2022 – 2030
      • 9.6.1 North America Well Casing Market, by Onshore, 2022 – 2030 (USD Billion)
    • 9.7 North America Well Casing Market, by Offshore, 2022 – 2030
      • 9.7.1 North America Well Casing Market, by Offshore, 2022 – 2030 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Well Casing Market, 2022 – 2030 (USD Billion)
        • 9.8.1.1 Europe Well Casing Market, by Country, 2022 – 2030 (USD Billion)
    • 9.9 Europe Well Casing Market, by Type, 2022 – 2030
      • 9.9.1 Europe Well Casing Market, by Type, 2022 – 2030 (USD Billion)
    • 9.10 Europe Well Casing Market, by Application, 2022 – 2030
      • 9.10.1 Europe Well Casing Market, by Application, 2022 – 2030 (USD Billion)
    • 9.11 Europe Well Casing Market, by Onshore, 2022 – 2030
      • 9.11.1 Europe Well Casing Market, by Onshore, 2022 – 2030 (USD Billion)
    • 9.12 Europe Well Casing Market, by Offshore, 2022 – 2030
      • 9.12.1 Europe Well Casing Market, by Offshore, 2022 – 2030 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Well Casing Market, 2022 – 2030 (USD Billion)
        • 9.13.1.1 Asia Pacific Well Casing Market, by Country, 2022 – 2030 (USD Billion)
    • 9.14 Asia Pacific Well Casing Market, by Type, 2022 – 2030
      • 9.14.1 Asia Pacific Well Casing Market, by Type, 2022 – 2030 (USD Billion)
    • 9.15 Asia Pacific Well Casing Market, by Application, 2022 – 2030
      • 9.15.1 Asia Pacific Well Casing Market, by Application, 2022 – 2030 (USD Billion)
    • 9.16 Asia Pacific Well Casing Market, by Onshore, 2022 – 2030
      • 9.16.1 Asia Pacific Well Casing Market, by Onshore, 2022 – 2030 (USD Billion)
    • 9.17 Asia Pacific Well Casing Market, by Offshore, 2022 – 2030
      • 9.17.1 Asia Pacific Well Casing Market, by Offshore, 2022 – 2030 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Well Casing Market, 2022 – 2030 (USD Billion)
        • 9.18.1.1 Latin America Well Casing Market, by Country, 2022 – 2030 (USD Billion)
    • 9.19 Latin America Well Casing Market, by Type, 2022 – 2030
      • 9.19.1 Latin America Well Casing Market, by Type, 2022 – 2030 (USD Billion)
    • 9.20 Latin America Well Casing Market, by Application, 2022 – 2030
      • 9.20.1 Latin America Well Casing Market, by Application, 2022 – 2030 (USD Billion)
    • 9.21 Latin America Well Casing Market, by Onshore, 2022 – 2030
      • 9.21.1 Latin America Well Casing Market, by Onshore, 2022 – 2030 (USD Billion)
    • 9.22 Latin America Well Casing Market, by Offshore, 2022 – 2030
      • 9.22.1 Latin America Well Casing Market, by Offshore, 2022 – 2030 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Well Casing Market, 2022 – 2030 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Well Casing Market, by Country, 2022 – 2030 (USD Billion)
    • 9.24 The Middle-East and Africa Well Casing Market, by Type, 2022 – 2030
      • 9.24.1 The Middle-East and Africa Well Casing Market, by Type, 2022 – 2030 (USD Billion)
    • 9.25 The Middle-East and Africa Well Casing Market, by Application, 2022 – 2030
      • 9.25.1 The Middle-East and Africa Well Casing Market, by Application, 2022 – 2030 (USD Billion)
    • 9.26 The Middle-East and Africa Well Casing Market, by Onshore, 2022 – 2030
      • 9.26.1 The Middle-East and Africa Well Casing Market, by Onshore, 2022 – 2030 (USD Billion)
    • 9.27 The Middle-East and Africa Well Casing Market, by Offshore, 2022 – 2030
      • 9.27.1 The Middle-East and Africa Well Casing Market, by Offshore, 2022 – 2030 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Akzo Nobel N.V.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Celanese Corporation
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Wasco Energy Group of Companies
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 LyondellBasell Industries Holdings B.V.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 The Dow Chemical Company
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Arkema S.A.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 E.I. Du Pont De Nemours & Co.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Tenaris SA.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 BASF SE Covestro AG
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Well Casing Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Well Casing Market attractiveness, By Type
  • 6. Global Well Casing Market attractiveness, By Application
  • 7. Global Well Casing Market attractiveness, By Onshore
  • 8. Global Well Casing Market attractiveness, By Offshore
  • 9. Global Well Casing Market share by Type, 2022 and 2030 (USD Billion)
  • 10. Global Well Casing Market by Cementation Equipment, 2022 – 2030 (USD Billion)
  • 11. Global Well Casing Market by Casing Equipment, 2022 – 2030 (USD Billion)
  • 12. Global Well Casing Market share by Application, 2022 and 2030 (USD Billion)
  • 13. Global Well Casing Market share by Onshore, 2022 and 2030 (USD Billion)
  • 14. Global Well Casing Market share by Offshore, 2022 and 2030 (USD Billion)
  • 15. Global Well Casing Market share, by Region, 2022 and 2030
  • 16. North America Well Casing Market, 2022 – 2030 (USD Billion)
  • 17. Europe Well Casing Market, 2022 – 2030 (USD Billion)
  • 18. Asia Pacific Well Casing Market, 2022 – 2030 (USD Billion)
  • 19. Latin America Well Casing Market, 2022 – 2030 (USD Billion)
  • 20. The Middle-East and Africa Well Casing Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Well Casing Market: Snapshot
  • 2. Drivers of the Well Casing Market: impact analysis
  • 3. North America Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. North America Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 6. North America Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 7. U.S. Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. U.S. Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. U.S. Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 10. U.S. Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 11. Canada Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Canada Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. Canada Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 14. Canada Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 15. Europe Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. Europe Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Europe Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 18. Europe Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 19. Germany Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Germany Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Germany Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 22. Germany Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 23. France Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. France Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. France Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 26. France Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 27. U.K. Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. U.K. Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. U.K. Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 30. U.K. Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 31. Italy Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. Italy Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. Italy Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 34. Italy Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 35. Spain Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Spain Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Spain Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 38. Spain Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 39. Rest of Europe Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Rest of Europe Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Rest of Europe Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 42. Rest of Europe Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 43. Asia Pacific Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Asia Pacific Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. Asia Pacific Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 46. Asia Pacific Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 47. China Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. China Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. China Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 50. China Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 51. Japan Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Japan Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 53. Japan Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 54. Japan Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 55. India Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 56. India Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 57. India Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 58. India Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 59. South Korea Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 60. South Korea Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 61. South Korea Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 62. South Korea Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 63. South-East Asia Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 64. South-East Asia Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 65. South-East Asia Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 66. South-East Asia Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 67. Rest of Asia Pacific Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 68. Rest of Asia Pacific Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 69. Rest of Asia Pacific Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 70. Rest of Asia Pacific Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 71. Latin America Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 72. Latin America Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 73. Latin America Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 74. Latin America Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 75. Brazil Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 76. Brazil Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 77. Brazil Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 78. Brazil Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 79. Mexico Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 80. Mexico Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 81. Mexico Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 82. Mexico Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 83. Rest of Latin America Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 84. Rest of Latin America Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 85. Rest of Latin America Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 86. Rest of Latin America Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 87. The Middle-East and Africa Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 88. The Middle-East and Africa Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 89. The Middle-East and Africa Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 90. The Middle-East and Africa Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 91. GCC Countries Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 92. GCC Countries Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 93. GCC Countries Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 94. GCC Countries Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 95. South Africa Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 96. South Africa Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 97. South Africa Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 98. South Africa Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)
  • 99. Rest of Middle-East Africa Well Casing Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 100. Rest of Middle-East Africa Well Casing Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 101. Rest of Middle-East Africa Well Casing Market revenue, By Onshore, 2022 – 2030 (USD Billion)
  • 102. Rest of Middle-East Africa Well Casing Market revenue, By Offshore, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global Well Casing market:

  • Akzo Nobel N.V.
  • Celanese Corporation
  • Wasco Energy Group of Companies
  • LyondellBasell Industries Holdings B.V.
  • The Dow Chemical Company
  • Arkema S.A.
  • I. Du Pont De Nemours & Co.
  • Tenaris SA.
  • BASF SE Covestro AG

FAQs

“North American” region will lead the global Well Casing market during the forecast period 2022 to 2030.

The key factors driving the market are The Surge in Demand for Energy Worldwide, The Surge in Demand for Energy Worldwide, 3.2.3 High Capital Investments in Developing Economies

.

The key players operating in the Well Casing market are Akzo Nobel N.V., Celanese Corporation, Wasco Energy Group of Companies, LyondellBasell Industries Holdings B.V., The Dow Chemical Company, Arkema S.A., E.I. Du Pont De Nemours & Co., Tenaris SA., BASF SE Covestro AG.

The global Well Casing market is expanding growth with a CAGR of approximately 7.5% during the forecast period (2022 to 2030).

The global Well Casing market size was valued at USD 8.45 Billion in 2021 and it is projected to reach around USD 18.23 Billion by 2030.

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