HOME Top Market Reports Well Casing Market by Hardware Type (Casing Equipment & Cementation Equipment), by Equipment (Liners, Centralizers, Wiper Plugs, Float Equipment), by Application (Onshore and Offshore) - Global Trends & Forecasts to 2019

Well Casing Market by Hardware Type (Casing Equipment & Cementation Equipment), by Equipment (Liners, Centralizers, Wiper Plugs, Float Equipment), by Application (Onshore and Offshore) - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: EP 3140

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Well casing is an important part of well completion activity prior to the start of production from well. Well completion adds up to nearly half of the total drilling costs with more than a tenth from well casing and cementing hardware and related services making it a important market in the total drilling industry.

Ever increasing demand for energy globally is expected to be the major driver of the well casing market. The global well casing market is projected to be valued at $2,592.9 Million by 2019, at a CAGR of 7.8% from 2014-2019. Drilling activities in search of new oil & gas fields and the shale mining boom in North America and also in countries such as China and Australia is further expected to trigger the demand for the casing and cementation hardware in the countries.

The market has been segmented on the basis of application, hardware type, equipment, and regions in terms of value. The market segments by application include onshore and offshore. The market segments for equipment includes liners, wiper plugs, float equipment centralizers, and others. Liner equipment is the fastest growing equipment type within well casing market across the globe and is suitable for all the application areas, including onshore and offshore The geographic segmentation includes market size and share of North America, Asia-Pacific, Europe, South & Central America, Africa, and the Middle East.

This report provides an analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail. The leading players of the market such as Vallourec S.A. (France), Weatherford International Ltd. (Ireland), Antelope Oil Tool & Manufacturing Company (U.S.), and Centek Group (U.K.) have been profiled to provide an insight of the competitive scenario in the well casing market. Agreements, contracts, joint ventures, and partnerships have been the key strategies adopted by leading companies to accommodate the fast changing technologies in the application areas and to increase their market share. Companies have also adopted strategic expansion and mergers & acquisitions to bridge the existing gaps in their product offerings, end-market requirements, and geographical constraints. These strategies have been adopted by leading companies to ensure retention of considerable market share within the highly fragmented well casing market.

Well Casing Market

E&P and drilling activities are increasing both onshore and offshore, which has triggered the demand for casing & cementation equipment for oil & gas wells. The key players of well casing market prefer agreements, contracts, joint ventures, and partnership strategies and mergers & acquisitions to garner a larger share in the market. Leading well casing manufacturers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.

In the report the market has been segmented according to following types:-

On the basis of type

  • Casing Equipment
  • Cementation Equipment

On the basis of application

  • Onshore
  • Offshore

On the basis of equipment

  • Liners
  • Float Equipment
  • Wiper Plugs
  • Centralizers

On the basis of region

  • North America
  • South & Central America
  • Europe
  • Asia-Pacific
  • Africa
  • Middle East

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Float
           1.2.2 Wiper Plugs
           1.2.3 Centralizers
           1.2.4 Liner Equipment
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
    2.2 Demand for Casing & Cementation Hardware
           2.2.1 Increase in Drilling Activities Worldwide
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Breakdown of Primary Interviews
    2.6 Market Share Estimation
           2.6.1 Key Data From Secondary Sources
           2.6.2 Key Data From Primary Sources
           2.6.3 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Global Casing & Cementation Hardware Market
    4.2 Casing & Cementation Hardware Market, By Application
    4.3 Asia-Pacific Casing & Cementation Hardware Market
    4.4 Casing & Cementation Hardware Market is Equally Dispersed, Globally
    4.5 Casing & Cementation Hardware Market, By Region
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Equipment
           5.3.3 Casing & Cementation Hardware Market, By Equipment
           5.3.4 By Application
           5.3.5 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Continuous Increase in Drilling Activities Globally
                    5.4.1.2 Shale Boom in the U.S.
                    5.4.1.3 Increasing Energy Demand in Developing Economies
           5.4.2 Restraints
                    5.4.2.1 Limited Access to Reserves
                    5.4.2.2 Requirement of Local Content
                    5.4.2.3 Decline in Oil Prices
           5.4.3 Opportunities
                    5.4.3.1 New Shale Discoveries in Africa
                    5.4.3.2 Technological Advancements
           5.4.4 Challenges
                    5.4.4.1 Shortage of Experienced Professionals
                    5.4.4.2 Manage Growing Environmental Concerns
           5.4.5 Burning Issue
                    5.4.5.1 Faulty Well Casings A Cause of Methane Leakage
    5.5 Impact of Oil Prices
    5.6 Impact of Decrease in the Oil Prices

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply-Chain Analysis
           6.3.1 Key Influencers
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Casing & Cementation Hardware, By Type (Page No. - 58)
    7.1 Introduction
    7.2 Float Equipment
    7.3 Centralizers Equipment
    7.4 Wiper Plugs Equipment
    7.5 Liner Equipment
    7.6 Rest of Casing & Cementation Equipment

8 Casing & Cementation Hardware, By Application (Page No. - 65)
    8.1 Introduction
           8.1.1 Onshore
           8.1.2 Offshore

9 Casing & Cementation Equipment Market, By Region (Page No. - 79)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 South & Central America
           9.3.1 Brazil
           9.3.2 Argentina
           9.3.3 Mexico
           9.3.4 Venezuela
    9.4 Europe
           9.4.1 Russia
           9.4.2 U.K.
           9.4.3 Norway
           9.4.4 The Netherlands
    9.5 Asia-Pacific
           9.5.1 China
           9.5.2 Australia
           9.5.3 India
           9.5.4 Thailand
           9.5.5 Indonesia
    9.6 Middle East
           9.6.1 UAE
           9.6.2 Iraq
           9.6.3 Kuwait
           9.6.4 Oman
           9.6.5 Qatar
           9.6.6 Saudi Arabia
    9.7 Africa
           9.7.1 Nigeria
           9.7.2 Libya
           9.7.3 Egypt
           9.7.4 Algeria
           9.7.5 Angola

10 Competitive Landscape (Page No. - 105)
     10.1 Overview
     10.2 Company Development Analysis
     10.3 Competitive Situations & Trends
             10.3.1 Agreements, Contracts, Joint Ventures, & Partnerships
             10.3.2 Expansions
             10.3.3 New Product & Technology Launches
             10.3.4 Mergers & Acquisitions

11 Company Profiles (Page No. - 114)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Weatherford International Limited
     11.3 Tenaris S.A.
     11.4 Vallourec
     11.5 TMK
     11.6 Antelope Oil Tool & Manufacturing Company
     11.7 Forum Energy Technologies Inc.
     11.8 Neoz Energy Pvt. Ltd.
     11.9 Centek Group
     11.10 Summit Casing Equipment
     11.11 National Oilwell Varco
     11.12 Sledgehammer Oil Tools Pvt. Ltd

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted panies.

12 Appendix (Page No. - 145)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
             12.4.1 Related Reports


List of Tables (72 Tables)

Table 1 Shale/Tight Oil Reserves
Table 2 Countries With Largest Energy Consumption
Table 3 Rising Drilling Activities Driving the Market
Table 4 Local Content is the Major Restraint 0f the Market
Table 5 Shale Gas Reserves in Africa
Table 6 Shale Gas Discoveries Offer High Growth Opportunities for Service Providers
Table 7 Shortage of Technical Professionals A Challenge for the Industry
Table 8 Casing & Cementation Hardware Market, Bt Type, 2012-2019, ($Million)
Table 9 Casing & Cementation Hardware Market, By Type, 2012-2019, ($Million)
Table 10 Float Equipment Market Size, By Region, 2012-2019 ($Million)
Table 11 Centralizers Equipment Market Size, By Region, 2012-2019 ($Million)
Table 12 Wiper Plugs Equipment Market Size, By Region, 2012-2019 ($Million)
Table 13 Liner Equipment Market Size, By Region, 2012-2019 ($Million)
Table 14 Rest of Casing & Cementation Equipment Market, By Region, 2012-2019 ($Million)
Table 15 Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 16 Onshore Casing & Cementation Hardware Market Size, By Region, 2012-2019 ($Million)
Table 17 North America: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 18 North America: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 19 South & Central America: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 20 South & Central America: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 21 Europe: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 22 Europe: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 23 Asia-Pacific: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 24 Asia-Pacific: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 25 Middle East: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 26 Middle-East: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 27 Africa: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 28 Africa: Onshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 29 Offshore Casing & Cementation Hardware Market Size, By Region, 2012-2019 ($Million)
Table 30 North America: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 31 South America: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 32 Europe: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 33 Asia-Pacific: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 34 Middle East: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 35 Africa: Offshore Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 36 Casing & Cementation Hardware Market Size, By Region, 2012-2019 ($Million)
Table 37 North America: Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 38 U.S.: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 39 Canada: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 40 South & Central America: Casing & Cementation Hardware Market Size, By Country, 2012-2019, ($Million)
Table 41 Brazil: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 42 Argentina: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 43 Mexico: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 44 Venezuela: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 45 Europe: Casing & Cementation Hardware Market Size, By Country, 2012-2019, ($Million)
Table 46 Russia: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 47 U.K.: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 48 Norway: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 49 The Netherlands: Casing & Cementation Hardware Market Size, By Application, 2012-2019, ($Million)
Table 50 Asia-Pacific: Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 51 China: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 52 Australia: Casing & Cementation Hardware Market, By Application, 2012-2019 ($Million)
Table 53 India: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 54 Thailand: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 55 Indonesia: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 56 Middle East: Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 57 UAE: Casing & Cementation Hardware Market, By Application, 2012-2019 ($Million)
Table 58 Iraq: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 59 Kuwait: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 60 Oman: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 61 Qatar: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 62 Saudi Arabia: Casing & Cementation Hardware Market, By Application, 2012-2019 ($Million)
Table 63 Africa: Casing & Cementation Hardware Market Size, By Country, 2012-2019 ($Million)
Table 64 Nigeria: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 65 Libya: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 66 Egypt: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 67 Algeria: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 68 Angola: Casing & Cementation Hardware Market Size, By Application, 2012-2019 ($Million)
Table 69 Agreements, Contracts, Joint Ventures & Partnerships, 2011-2014
Table 70 Expansions, 2011-2014
Table 71 New Product & Technology Launches, 2011-2014
Table 72 Mergers & Acquisitions, 2011-2014


List of Figures (49 Figures)

Figure 1 Casing & Cementation Hardware Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown & Data Triangulation
Figure 5 Breakdown of Primary Interviews: By Company, Designation, & Region
Figure 6 Well Completion Process
Figure 7 Offshore Casing & Cementation Hardware Market to Increase at A Higher Rate During the Forecast Period
Figure 8 Casing & Cementation Hardware Market Share (Value), By Region, 2014
Figure 9 Contracts & Agreements: Top Growth Drivers of Casing & Cementation Hardware Companies, 2011-2014
Figure 10 China & U.S. are Expected to Be the Most Lucrative Among the Top Country Markets, 2014-2019
Figure 11 China & U.S. Expected to Be the Market Leaders in the Next Five Years (2014-2019)
Figure 12 E&P Activities Globally Have Increased the Demand for Casing & Cementation Hardware
Figure 13 Onshore Applications are Expected to Continue to Dominate the Casing & Cementation Hardware Market
Figure 14 Increasing E&P Activities Driving the Casing & Cementation Hardware Market
Figure 15 Offshore Application is Expected to Grow at A Higher Rate in the Casing & Cementation Hardware Market
Figure 16 Liner Equipment has the Majority Share in the Asia-Pacific Market
Figure 17 North America Will Be the Fastest Growing Market From (2014-2019)
Figure 18 North America Will Continue to Dominate the Casing & Cementation Hardware Market
Figure 19 Shale Boom to Trigger the U.S. Market
Figure 20 Threats to Well Integrity
Figure 21 Well Cementing Evolution: Timeline
Figure 22 Casing & Cementation Equipment Market Segmentation, By Type
Figure 23 Casing & Cementation Hardware Market, By Application
Figure 24 Casing & Cementation Hardware Market Segmentation, By Region
Figure 25 Continuous Increase in Drilling Activities Worldwide to Propel the Market
Figure 26 Recent Deepwater Discoveries in the Golden Triangle
Figure 27 Sudden Decline in Brent Crude Oil Prices Since Mid 2014
Figure 28 Casing & Cementation Hardware Market: Value Chain
Figure 29 Casing & Cementation Hardware Market: Supply Chain
Figure 30 Porter’s Five Forces Analysis: Casing & Cementation Hardware Market
Figure 31 Offshore Casing & Cementation Hardware Market to Show Higher Growth
Figure 32 North America is Expected to Be the Fastest Growing Market From 2014 to 2019 Due to Increase in Onshore Drilling Activities
Figure 33 Regional Snapshot (2013) – Growing Markets are Emerging as New Hot Spots
Figure 34 U.S.– an Attractive Destination for Both Applications
Figure 35 Companies Adopted Partnerships and Contracts & Agreements as Key Growth Strategy in the Last Three Years
Figure 36 Casing & Cementation Hardware, By Key Players, 2013
Figure 37 Market Evaluation Framework – Agreements/Contracts/Joint Ventures/Partnerships is the Key to Dominate the Market During the Forecast Period
Figure 38 Battle for Market Share: Agreements, Contracts, Joint Ventures, & Partnerships Have Been the Key Strategy
Figure 39 Geographic Revenue Mix of the Top 4 Market Players
Figure 40 Weatherford : Company Snapshot
Figure 41 SWOT Analysis
Figure 42 Tenaris S.A. : Company Snapshot
Figure 43 SWOT Analysis
Figure 44 Vallourec : Company Snapshot
Figure 45 SWOT Analysis
Figure 46 TMK : Business Overview
Figure 47 SWOT Analysis: TMK
Figure 48 Forum Energy Technologies Inc.: Company Snapshot
Figure 49 National Oilwell Varco: Company Snapshot

The global well casing market is projected to be valued at $2,592.9 Million by 2019, at a CAGR of 7.8% from 2014-2019. The increasing demand for energy in emerging economies and escalated drilling activities worldwide are expected to be the major drivers of the well casing market. The growing demand for oil, large number of wells, and new shale discoveries in the African region are also expected to escalate the growth of the well casing market.

The well casing market is estimated to grow with technological advancements, as well as large number of oil wells. Shale boom in the U.S. and increasing global energy demand would also boost the demand for well casing market.

The well casing market is dominated by large firms such as NOV (U.S.), Antelope Oil Tool & Manufacturing Company (U.S.), and Weatherford International Ltd. (Ireland). They provide full-line well completion equipment, and by gaining considerable expertise and experience over the years, have optimized their processes and practises to become even more efficient.

The market has been segmented on the basis of hardware, equipment, and application in terms of value. The market segments by equipment include liners, centralizers, wiper plugs, float equipment, and others. The market segments for application include onshore and offshore.

Well Casing Market

The offshore market is projected to be the fastest growing from 2014 to 2019 for well casing market. The key players of well casing prefer agreements, contracts, joint ventures, and partnership strategies and expansions to garner a larger share in the market. The leading casing & cementation products and service providers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.

The leading players in the well casing market include Vallourec S.A. (France), Weatherford International Ltd. (Ireland), Antelope Oil Tool & Manufacturing Company (U.S.), and Centek Group (U.K.). The well casing market is a highly fragmented one owing to the huge energy demand and changing technologies. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major developments observed in the well casing market is agreements, contracts, joint ventures, and partnerships. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for well casing in key emerging markets. These strategies have aided companies to create a larger customer and partner base in key markets. The application requirements for well casing are continuously changing, making it essential for manufacturers and service providers to continually invest in R&D and come up with innovative solutions.

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