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Well Casing Market by Casing Type (Conductor Casing, Surface Casing, Intermediate Casing, and Production Casing), by Application (Onshore and Offshore), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Well Casing Market size was valued at USD 7.93 USD Billion in 2023 and is projected to reach USD 11.46 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Well casing is an essential aspect of drills as it supports the well and prevents it from deforming. It comprises steel pipes are fitted in the drilled wells to provide support against collapse of the well and may also include production casing, casing that separates various layers of the sub surface and shoe casing that controls the flow of fluids. Some of these are conductor casing, surface casing, intermediate casing and production casing. Conductor casing supports the upper part, surface casing shields fresh water aquifer, intermediate casing prevents the movement of fluids and production casing provides for the safe production. Some of the characteristics include; Corrosion protection, superior tensile strength, and the ability to hold pressures. Well casings are required in oil and gas, geothermal, water wells that provide operational safety, environmental, and resources protection, and well completion.
Well Casing Trends
Casing Type:
Application:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
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