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The demand within the global zonal isolation market is expected to escalate in the times to follow. The oil and gas industry has undergone rapid advancements over the past decade, and oilfield operators are paying attention to the importance of using new-age technologies. It is a a matter of importance and vitality for oilfield operators to induct novel techniques and technologies that can facilitate exploration activities. The marine industry works in tandem with the oil and gas industry in order to reach fruition during exploration activities. In this scenario, it is safe to project that the global zonal isolation market would expand alongside advancements in exploration activities.

  • Onshore marine activities have gained momentum in recent times, and several new projects have been initiated in this area. Furthermore, state government have understood the value of optimizing and leveraging the potential of their oil, gas, and marine industries. Zonal isolation is a recurring need across the aforementioned industries, and this is an important dynamic of market growth. Over the course of the next decade, the budget of the oil and gas industry, especially for onshore exploration, is set to increase.
  • The past decade witnessed the advent of several new projects in the domain of ocean mapping and bathymetry. These projects have led to the birth of multiple sub-projects that involve the use of zonal isolation technologies. Henceforth, the growth of the global zonal isolation market largely relies on the level of maturity acquired by the oil, gas, and marine industries of a region.
  • On the basis of regions, the total volume of revenues within the Middle East zonal isolation market is expected to expand at a sturdy pace. The presence of an ever-expanding and evolving oil and marine industry in the region has aided market growth. Zonal isolation techniques have become more mature across the region.

Global Zonal Isolation Market: Snapshot

The world zonal isolation market is prognosticated to receive a good boost in the background of mushrooming exploration activities and the latest evolution in the production of shale gas. Since crude oil prices pose a direct impact on the chemicals employed for zonal isolation, there is a high degree of volatility expected on the part of the cost of using chemical zonal isolation technology. Howbeit, the augmenting measure of offshore production and exploration activities in countries such as the U.S. is expected to draw in a handsome demand until the concluding year of the forecast period. In order to attenuate the challenges associated with the migration of shale gas to a surface, plugs, packers, and other mechanical zonal isolation technologies are being used by well operators.

The international zonal isolation market is prophesied to reach a valuation of US$ 27.88 bn by 2024 while registering a CAGR of 6.6% between 2016 and 2024, according to a latest report by Transparency Market Research (TMR).

Offshore Zonal Isolation Displaces Onshore Application off the Market

By technology, the global zonal isolation market could be segmented into two categories, viz. mechanical and chemical. Out of which, chemical zonal isolation technology is anticipated to secure a lion’s share in the world market on account of its prominent usage in horizontal wells for isolating water and gas producing zones. Polyacrylamide, plastic, and monomer are the three chemicals employed in this method. Mechanical zonal isolation technology, on the other hand, makes use of packers, perforated lines, plugs, and sliding sleeves for the purpose of keeping gas and oil from migrating to various geographical layers.

The worldwide zonal isolation market is also classified according to application, where onshore and offshore zonal isolations have taken precedence. However, the offshore zonal isolation market is envisaged to take the lead. This is predicted to occur on the back of elevating drilling activities and massive investments in offshore production and exploration activities, which have taken the demand to a new high. With regard to the onshore application, it is forecasted to gain strength as this mature field undergoes redevelopment.

Asia Pacific Shows Desperation for Growth while North America Sits atop Comfortably

The Asia Pacific zonal isolation market could demonstrate a faster growth in the coming years as the unconventional reserves in this region are primed for development with an increased focus to support. Asia Pacific is also expected to ride on an aggressive economic development to cement its growth in the near future. Countries such as India and China could emerge as key markets for Asia Pacific, considering the surge in drilling activities and supporting government regulations.

Nonetheless, North America is foreseen to hold a larger share in the global zonal isolation market. This could be due to the soaring number of drilling rigs and high focus on drilling activities. More opportunities are envisioned to take birth as players operating in North America look to invest in the untapped oil and gas reserves.

Other regional zonal isolation markets such as the Middle East and Europe are foretold to follow the growth of North America.

Amongst the top players making their mark in the global zonal isolation market, Nabors Industries Ltd., Halliburton Company, Baker Hughes, Inc., Weatherford International, and Superior Energy Services, Inc. are expected to relentlessly outshine.

This research study analyzes the market for zonal isolation in terms of revenue (US$ Mn). The zonal isolation market has been segmented on the basis of technology, application, and geography. The geographical segmentation includes regions which are further divided into twelve countries (major markets for zonal isolation). For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional as well as country-specific level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the zonal isolation business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global zonal isolation market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global zonal isolation market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the global zonal isolation market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. The report also provides the pricing trend and product differentiation for different zonal isolation technologies. 

The high-level analysis in the report provides detailed insights into the zonal isolation business globally. There are currently numerous drivers of the market. The most prominent drivers include increasing exploration of unconventional resources and rapidly increasing offshore exploration and production activities. Market attractiveness analysis was carried out for the zonal isolation market on the basis of end-use. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The zonal isolation market was segmented on the basis of technology (mechanical and chemical zonal isolation), application (onshore and offshore zonal isolation), and geography. The zonal isolation market was analyzed across five geographies: North America, Asia Pacific, Europe, Middle East, and Rest of the World. Regional data has been provided for each sub-segment of the zonal isolation market. Key players in the zonal isolation market include Schlumberger Limited, Superior Energy Services, Inc., Weatherford International, Baker Hughes, Inc., Halliburton Company, Nabors Industries Ltd., Trican Well Service Ltd., Expro International Group Holdings Ltd., Aker Solutions ASA, and Tendeka.

Zonal Isolation Market: By Technology

  • Mechanical Zonal Isolation
    • Sliding Sleeves
    • Packers
    • Perforated/Slotted Liners
    • Plugs
  • Chemical Zonal Isolation
    • Polymer Gels
    • Monomer Systems
    • Bio Polymers
    • Elastomers
    • Others

Zonal Isolation Market: By Application

  • Onshore Zonal Isolation
  • Offshore Zonal Isolation

Zonal Isolation Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Norway
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Middle East
    • Saudi Arabia
    • Iran
    • Rest of Middle East
  • Rest of the World 


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Zonal Isolation Market

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