Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Casing Centralizer Market Share, Size, Analysis, Growth, Forecast: By Type: Spring Type Centralizer, Semi-Rigid Centralizer, Rigid Centralizer, Others; By Material: Steel, Aluminium, Zinc; By Application: Onshore, Offshore; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Casing Centralizer Market Outlook

The global casing centralizer market attained a value of around USD 364.51 million in 2022. The market is further expected to grow at a CAGR of 4.10% between 2023 and 2028, to reach a value of USD 463.89 million by 2028.

 

Key Trends in the Market

Casing centralizer is a type of mechanical equipment which prevents a casing from coming into contact with wellbore walls. Casing centralizers improve the quality of cementing by reducing the chances of mud channelling. They comprise of bow springs and hinged collars which keep the apparatus centred in the borehole.  

 

  • Casing centralizers are used in oil drilling applications, allowing the wellbore to get filled with cement completely. Hence, this apparatus is essential to improve the quality standards of oil and gas operations which is driving the casing centralizer market growth.
  • The thriving oil and gas sector across the emerging economies is propelling the onshore and offshore demand for casing centralizers. Over the forecast period, the anticipated increase in crude oil and petroleum trading activities are expected to be the crucial casing centralizer market trends.
  • Increasing funding of various governments aimed towards expanding the oil and gas exploration activities with high operational standards is expected to be a crucial trend expanding the casing centralizer market size.

 

Market Analysis

Based on type, the market is segmented into spring type centralizer, semi-rigid centralizer, and rigid centralizer, among others. On the basis of material, the market is classified into steel, aluminium, and zinc. By application, the market is bifurcated into onshore and offshore. The regional markets for casing centralizers can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global casing centralizer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Halliburton
  • Sledgehammer Oil Tools Pvt Ltd
  • Maxwell Oil Tools
  • Moonshine Solutions
  • Neoz Energy
  • National Oilwell
  • Summit Casing Equipment
  • Centek Group
  • Petroleum Machinery
  • Others

 

Market Share by Type

The spring type centralizer segment, based on type, accounts for a healthy portion in the casing centralizer market share. This can be attributed to the increasing application of bow spring casing centralizers in oil and gas wells. Bow spring casing centralizers offer a size advantage which centralises the vertical and horizontal wellbores. In addition, they are flexible enough to go through narrow hole sections, allowing them to expand in targeted locations. Meanwhile, the semi-rigid centralizer is expected to witness a healthy growth in the casing centralizers market over the forecast period due to their strong foundation of double crested bows which makes them favourable in oil and gas well operations. 

 

Market Share by Material

Based on material, the aluminium segment accounts for a significant share in the market for casing centralizers. Aluminium casing centralizers exhibit high-strength, high resistance to corrosion, and are used to manufacture various types of spiral casing centralizers having lightweight properties, high resistance to shock and impact, and optimum tensile strength. In line with this, the increasing demand for high-quality aluminium alloy casing centralizers is further improving the casing centralizer market outlook. Moreover, aluminium is one of the most abundant metals on the planet which is resulting in a strengthened supply chain of the product, influencing the casing centralizer market price. 

 

Competitive Landscape

Halliburton is a leading multinational corporation which deals with hydraulic fracturing operations. It is one of the world’s largest oil field service companies founded in the year 1919 and currently headquartered in Texas, United States. This company specialises in integrated well interventions, artificial lifts, specialty chemicals, and pipeline and process solutions, among others. 

 

Sledgehammer Oil Tools Pvt Ltd is a renowned industrial equipment, cementing, and completion apparatus supplier which is also one of the largest suppliers of offshore apparatus. The product portfolio of this company includes bow spring and solid rigid centralizers, cement baskets, cementing plugs, stop collars, and floating equipment, among others. 

 

Maxwell Oil Tools is a prominent manufacturer of drilling and tubular tools used for oil and gas applications. The product portfolio of this company includes centralizers, drill pipe protectors, casing drills, cable protectors, stop collars, and various other specialised tools. It was established in the year 2017 and is currently headquartered in Ravenna RA, Italy. 

 

Other market players include Moonshine Solutions, Neoz Energy, National Oilwell, Summit Casing Equipment, Centek Group, and Petroleum Machinery, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Material
  • Application
  • Region
Breakup by Type
  • Spring Type Centralizer
  • Semi-Rigid Centralizer
  • Rigid Centralizer
  • Others
Breakup by Material
  • Steel
  • Aluminium
  • Zinc
Breakup by Application
  • Onshore
  • Offshore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Halliburton
  • Sledgehammer Oil Tools Pvt Ltd
  • Maxwell Oil Tools
  • Moonshine Solutions
  • Neoz Energy
  • National Oilwell
  • Summit Casing Equipment
  • Centek Group
  • Petroleum Machinery
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Casing Centralizer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Casing Centralizer Historical Market (2018-2022) 
    8.3    Global Casing Centralizer Market Forecast (2023-2028)
    8.4    Global Casing Centralizer Market by Type
        8.4.1    Spring Type Centralizer
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Semi-Rigid Centralizer
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Rigid Centralizer
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Casing Centralizer Market by Material
        8.5.1    Steel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Aluminium
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Zinc
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Casing Centralizer Market by Application
        8.6.1    Onshore
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Offshore
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Casing Centralizer Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Casing Centralizer Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Casing Centralizer Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Casing Centralizer Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Casing Centralizer Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Casing Centralizer Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Halliburton
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Sledgehammer Oil Tools Pvt Ltd
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Maxwell Oil Tools
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Moonshine Solutions
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Neoz Energy
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    National Oilwell
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Summit Casing Equipment
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Centek Group
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Petroleum Machinery
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Casing Centralizer Market: Key Industry Highlights, 2018 and 2028 
2.    Global Casing Centralizer Historical Market: Breakup by Type (USD Million), 2018-2022 
3.    Global Casing Centralizer Market Forecast: Breakup by Type (USD Million), 2023-2028 
4.    Global Casing Centralizer Historical Market: Breakup by Material (USD Million), 2018-2022 
5.    Global Casing Centralizer Market Forecast: Breakup by Material (USD Million), 2023-2028 
6.    Global Casing Centralizer Historical Market: Breakup by Application (USD Million), 2018-2022 
7.    Global Casing Centralizer Market Forecast: Breakup by Application (USD Million), 2023-2028 
8.    Global Casing Centralizer Historical Market: Breakup by Region (USD Million), 2018-2022 
9.    Global Casing Centralizer Market Forecast: Breakup by Region (USD Million), 2023-2028 
10.    North America Casing Centralizer Historical Market: Breakup by Country (USD Million), 2018-2022 
11.    North America Casing Centralizer Market Forecast: Breakup by Country (USD Million), 2023-2028 
12.    Europe Casing Centralizer Historical Market: Breakup by Country (USD Million), 2018-2022 
13.    Europe Casing Centralizer Market Forecast: Breakup by Country (USD Million), 2023-2028 
14.    Asia Pacific Casing Centralizer Historical Market: Breakup by Country (USD Million), 2018-2022 
15.    Asia Pacific Casing Centralizer Market Forecast: Breakup by Country (USD Million), 2023-2028 
16.    Latin America Casing Centralizer Historical Market: Breakup by Country (USD Million), 2018-2022 
17.    Latin America Casing Centralizer Market Forecast: Breakup by Country (USD Million), 2023-2028 
18.    Middle East and Africa Casing Centralizer Historical Market: Breakup by Country (USD Million), 2018-2022 
19.    Middle East and Africa Casing Centralizer Market Forecast: Breakup by Country (USD Million), 2023-2028 
49.    Global Casing Centralizer Market Structure

Key Questions Answered in the Report

The market reached a value of around USD 364.51 million in 2022.

The market is estimated to grow at a CAGR of 4.10% in the forecast period of 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 463.89 million by 2028.

The rising usage of casing centralizers in onshore and offshore applications, thriving oil and gas sector across the emerging economies, accelerated oil trading activities, and growing need to improve the quality standards in oil field operations, are the major drivers of the market.

The key trends in the casing centralizer market include the increasing funding of various governments aimed towards enhancing oil exploration activities and technological advancements in casing centralizers to produce more sophisticated products.

Spring type centralizer, semi-rigid centralizer, and rigid centralizer, among others, are the different types included in the market report.

Steel, aluminium, and zinc are the segments of the market based on material.

Onshore and offshore are the different applications included in the market report.

The main purpose of a casing centralizer is to prevent a casing from coming into contact with the wellbore in order to channelise the cementing.

Halliburton, Sledgehammer Oil Tools Pvt Ltd, Maxwell Oil Tools, Moonshine Solutions, Neoz Energy, National Oilwell, Summit Casing Equipment, Centek Group, and Petroleum Machinery, among others, are the key market players, according to the report.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER