Well Casing Market Report: Trends, Forecast and Competitive Analysis to 2030

Well Casing Trends and Forecast

The future of the global well casing market looks promising with opportunities in the onshore and offshore applications. The global well casing market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing demand for oil and gas across world and growing number of offshore drilling activities.

A more than 150-page report is developed to help in your business decisions.

Well Casing by Segment

The study includes a forecast for the global well casing by casing type, application, and region.

Well Casing Market by Casing Type [Shipment Analysis by Value from 2018 to 2030]:

• Conductor Casing
• Surface Casing
• Intermediate Casing
• Production Casing

Well Casing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Onshore
• Offshore

Well Casing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Well 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 well casing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the well casing companies profiled in this report include-

• BASF
• Covestro
• Arkema
• Celanese
• DuPont
• Tenaris
• Centek
• Innovex Downhole Solutions
• Nabors Industries
• TRICAN

Well Casing Market Insights

Lucintel forecasts that production casing is expected to witness highest growth over the forecast period due to its significant use in maintaining the integrity of structural wells and controlling hydrocarbon pressure throughout production.

Within this market, onshore will remain the largest segment due to substantial demand for onshore well casing in conventional and unconventional oil and gas production.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization in the region.

Features of the Global Well Casing Market

Market Size Estimates: Well 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: Well casing market size by casing type, application, and region in terms of value ($B).

Regional Analysis: Well casing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different casing types, applications, and regions for the well casing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the well casing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for well casing market?

Answer: The global well casing market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the well casing market?

Answer: The major drivers for this market are increasing demand for oil and gas across world and growing number of offshore drilling activities.

Q3. What are the major segments for well casing market?

Answer: The future of the well casing market looks promising with opportunities in the onshore and offshore applications.

Q4. Who are the key well casing market companies?

Answer: Some of the key well casing companies are as follows:

• BASF
• Covestro
• Arkema
• Celanese
• DuPont
• Tenaris
• Centek
• Innovex Downhole Solutions
• Nabors Industries
• TRICAN

Q5. Which well casing market segment will be the largest in future?

Answer: Lucintel forecasts that production casing is expected to witness highest growth over the forecast period due to its significant use in maintaining the integrity of structural wells and controlling hydrocarbon pressure throughout production.

Q6. In well casing market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization in the region.

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 well casing market by casing type (conductor casing, surface casing, intermediate casing, and production casing), application (onshore and offshore), 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?