Expanding both offshore and onshore oil & gas exploration activities drives the growth of the global spring casing centralizers market. The massive investment will be seen in oil and gas exploration as the countries are preparing to meet the needs of growing energy. Newly upgraded sulfur limit by IMO from effect Jan 2020 to mitigate environmental impact is influencing the growth of the market. The growing presence of global oil and gas giants like Saudi Aramco, Shell, Total, Rosneft, ADNOC, BP, and ExxonMobil to faith and confidence of global investors on promising global growth. However, several economic uncertainties will hamper the growth of the market.
The major players in the bow spring casing centralizers market include Neoz Energy, Halliburton, National Oilwell Varco, Weatherford International, Summit Casing Equipment, Centek Group, Zhongshi Group, Sledgehammer Oil Tools, Ray Oil Tool Company, DRK Oiltools, Dezhou Yuanda Petroleum.
Demand for bow spring casing centralizers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
By Product
- Steel
- Aluminium
- Zinc
- Polymer
- Others
By Application
- Onshore
- Offshore
Source: https://www.valuemarketresearch.com/report/bow-spring-casing-centralizers-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.