Sand Control Solution Market: Current Analysis and Forecast (2022-2028)

The global Sand control solution Market is expected to grow at a significant rate of around 8.1% during the forecast period. Sand control solution are lubricants that react with the metal surface at elevated temperature and pressure ambiance by forming a protective shield between metal surface which prevent metal surfaces from wearing under the boundary of lubrication condition. Sand control solution chemically reacts with the surface to form a low-shear-strength coating.

In addition, Antiwear additives are generally used under mild conditions of low loads and high speeds to reduce the rate of continuous and moderate wear. The additive helps coat the application surface to protect the metal from wear over time. Factors such as surging demand for sand control solutions across various end-user industries, especially automotive industries. Increasing automotive production with a growing fleet of vehicles is fueling the market growth, owing to its extensive consumption of gearboxes for the protection of its metal surfaces. Also, growing automotive production coupled with an increasing fleet of vehicles is the key factor in driving the market of anti-wear additives.

Chemtura Corporation, Evonik, Lubrizol, Infineum, Chevron Oronite, Vanderbilt Chemicals, Tianhe Chemicals Group, Afton Chemical Corporation, BASF, and Croda International.

Insights Presented in the Report:

"Amongst well type, cased hole category to hold substantial share during the forecast period"

Based on the well type, the sand control solution market is classified into the open hole and cased hole. The cased hole segment caters substantial share of the market. Cased-hole sand control methods are more widely used due to technical reasons relating to the stability of the hole. In a cased-hole completion, production casing is set in the reservoir and ensures safe production operations. It also acts as a barrier and prevents solids, unwanted fluids, and gases from entering the wellbore. To achieve production, the casing and cement are perforated to allow the hydrocarbons to enter the well stream.

"Amongst application, onshore segment to hold a significant share in the market in 2020"

Based on application, the sand control solution market is segmented into the onshore and offshore. The onshore segment caters considerable share of the market. Gravel packs are mainly installed for onshore locations. Onshore locations involve the placing of these systems in the wellbore to filter sand during extraction. The growing demand in onshore applications shows increasing oil production from basins. Such factors are expected to boost the demand for the sand control solution market for the onshore application during the forecast period.

"Asia Pacific to hold a significant share in the market"

Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the growing population and rapid industrialization in growing economies, such as India and China, which are boosting the demand for fuel in the region. An increase in the number of drilling and completion activities, especially in Australia, Indonesia, Malaysia, and Myanmar, is likely to boost the market in the region during the forecast period.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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