• Blog
  • Zonal Isolation Market Report

    Zonal Isolation Market Report

    Zonal Isolation Market Report
    Report code - SR2157 Delivery - 2 Weeks
    Get Free Sample |
    Zonal Isolation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    Market Insights

    Zonal isolation is the exclusion of fluids such as water or gas in one zone from mixing with oil in another zone. For zonal isolation to be successful, a hydraulic barrier must be created between the casing and the cement, as well as between the cement and the formation.

    The global increase in shale gas production is primarily driving the zonal isolation market. Mechanical zonal isolation technologies, such as packers and plugs, are widely used by industry operators to address the challenges associated with shale gas migration. The increase in exploration and production (E&P) of oil & gas, particularly in offshore fields around the world, is expected to boost the demand for zonal isolation during the forecast period.

    The explosive growth of shale gas exploration and a significant increase in the number of drilling rigs to meet the rising crude oil demand are expected to fuel the market growth in the coming years. Furthermore, increasing capital expenditure budgets in proportion to the rising oil & gas demand are bolstering the demand for oil field equipment and services, which in turn, is accelerating the growth of the market. The increased focus on the exploration of deep and ultradeep wells due to their high potential is expected to stimulate deep-water drilling activities, thereby enhancing the industry landscape.  Overall, the zonal isolation market is estimated to grow at a decent CAGR of 6.5% during the forecast period. 

    Segment Analysis

    Based on the application type, the market is bifurcated into onshore and offshore. Onshore application is estimated to hold the major share of the market during the forecast period. Ongoing efforts and government initiatives to enhance the production capabilities of oil & gas wells are likely to accelerate the segment’s growth in the coming years. The offshore segment, on the other hand, is estimated to witness significant growth in the market during the forecast period. Factors such as increasing investments in exploring and producing oil and gas in deep and ultra-deep waters, as well as growing government initiatives to potentially expand drilling activities in deeper basins, are expected to fuel the market growth over the forecast period.

    Based on the method type, the market is segmented as mechanical and chemical. Mechanical method is likely to account for the lion’s share of the market during the forecast period. Mechanical zonal isolation includes sliding sleeves, packers, and plugs, with packers being primarily used in injection and cementing operations. Furthermore, growth in the exploration of oil fields and the widespread use of packers are expected to have a direct impact on mechanical zonal isolation, fuelling the growth of the segment.

    In terms of regions, North America is expected to be the market's dominant region during the forecast period. The USA, as the region's major growth engine, provides lucrative growth opportunities with an increased number of mature oil fields throughout the region and high production capacity due to untapped oil reserves, fuelling the overall industry growth during the forecast period.

    Key Players

    The following are some of the key players in the zonal isolation market:

    • Archer Limited
    • Calfrac Well Services Ltd.
    • Expro Holdings UK 3 Ltd.
    • General Electric
    • Hunting Energy Services, Inc.
    • National Oilwell Varco Inc.
    • Omega Well Intervention Ltd.
    • Schlumberger Limited
    • Superior Energy Services, Inc.
    • Trican Well Services Ltd.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s zonal isolation market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The zonal isolation market is segmented into the following categories:

    Zonal Isolation Market, by Application Type

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Offshore
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Type Analysis: Shallow, Deep, and Ultra-Deep)

    Zonal Isolation Market, by Method Type

    • Mechanical 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Type Analysis: Sliding Sleeves, Packers, Perforated/Slotted Liners, and Plugs)
    • Chemical
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Type Analysis: Polymer Gels, Monomer Systems, Bio-Polymers, Elastomers, and Others)

    Zonal Isolation Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The zonal isolation market is estimated to grow at a healthy CAGR of 6.5% over the next five years. The global increase in shale gas production is primarily driving the growth of the market. The explosive growth of shale gas exploration and a significant increase in the number of drilling rigs to meet the rising crude oil demand are expected to fuel the market growth in the coming five years.

    Archer Limited, Calfrac Well Services Ltd., Expro Holdings UK 3 Ltd., General Electric, Hunting Energy Services, Inc., National Oilwell Varco Inc., Omega Well Intervention Ltd., Schlumberger Limited, Superior Energy Services, Inc., and Trican Well Services Ltd. are some of the key players in the zonal isolation market.

    North America is estimated to lead the zonal isolation market in the coming years with the U.S. being the growth engine of the region. Increased number of mature oil fields across the region and high production capacity due to untapped oil reserves are some of the key factors expected to drive the overall industry growth during the forecast period.

    Onshore application is estimated to remain dominant in the market in the coming years due to ongoing efforts and government initiatives to improve the production capabilities of oil and gas wells.

    Zonal isolation is the exclusion of fluids such as water or gas in one zone from mixing with oil in another zone. For zonal isolation to be successful, a hydraulic barrier must be created between the casing and the cement, as well as between the cement and the formation.

    The zonal isolation market is studied from 2016 - 2027.

    The explosive growth of shale gas exploration and a significant increase in the number of drilling rigs to meet the rising crude oil demand are expected to fuel the market growth in the coming years.