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Global Casing Centralizers Market Is Anticipated To Grow At A CAGR Of 3.9% By 2030-End

The casing centralizers market is estimated to be valued at US$ 462.3 million in 2020 and add value worth US$ 215.9 million by 2030, expanding at a CAGR of 3.9% during the forecast period (2020-2030). Demand for casing centralizers remains driven by the discoveries of new oil & gas fields across the globe.

With an increase in the production of shale gas in countries such as China, Canada, Argentina and the US, sales of casing centralizers are expected to experience a substantial rise through 2030. As per the World Oil estimates in 2018, the drilling activities outside the U.S. is forecast to increase by 4.6% to 43,456 wells, led by significant improvements in Russia, China, Australia and parts of Africa.

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Key Takeaways of Casing Centralizers Market Study

The adoption of casing centralizers is expected to be on a significant rise, with an estimated increase in the greenfield and brownfield projects in the upstream. However, postponement and cancellation of these projects and delays in investment in oil & gas exploration, due to the COVID-19 outbreak, will hinder the casing centralizers market growth in the first half of the forecast period,” concludes the Fact.MR analyst.

Key Segments of the Casing Centralizers Market

The Fact.MR’s study on the casing centralizers market offers information divided into three key segments-product, application, and materials across five regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

Application

Materials

Region

Manufacturers Focus on Business Expansion through M&A Activities

The global casing centralizers market is highly competitive in nature. Key players are focusing on expanding their business operations through acquisitions. For instance,

 

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