Oil and Gas Casing Tubing Market

Casing is large diameter pipe that is assembled and inserted into a recently drilled section of a borehole and typically held into place with cement. These can be used for various purposes such as to prevent contamination of neighboring zones, to provide a structural support and prevent the collapse of the well bore, and to prevent the fluid loss into the formation among others. These are provided in two types, depending upon the manufacturing processes involved, Seamless and Welded. Global drilling and exploration activities, due to high demand for crude oil, along with environmental concerns due to the recent oil spills are driving the market of the oil and gas casings. The casings have gained importance across the globe due to the rise in concerns to minimize environmental hazards and to increase the safety and productivity during drilling and exploration activities.

The global oil and gas casings market is segmented firstly on the basis of the applications which maybe either onshore or offshore. Secondly, it is segmented on the basis of type which maybe either seamless or welded. Thirdly, it is segmented on the basis of the usage which may be either during the Well drilling operations or during the well completion stages. The market is also segmented by geographical markets such as North America, South America, The Middle East, Europe, Asia-Pacific, and Africa. Each segment has been analyzed with respect to its market trends, growth trends, and future prospects. The data has been analyzed from 2011 to 2018 and all the quantitative data with regard to segmentation is mentioned in terms of value ($million).