The global zonal isolation market is anticipated to grow at a favorable CAGR of around 6.6% during the forecast period (2022-2028). Zonal isolation is necessary for efficient production of wells. Zonal isolation plays a vital role in prevention of fluid and gas migration that may leads in the increasing of leakages, drilling time, and cost of construction. Zonal isolation helps in minimizing the losses occur during the drilling process of wells and at the time of extraction of oil and gas. In addition, it protects the casing from corrosion and by rapidly forming a seal helps in preventing blowout. The pattern shift of the exploration and production activities from onshore to offshore and rising in the drilling exertion across the globe drive the growth of zonal isolation market.
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Accordingto the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), states that foreign direct investment (FDI) inflows in India’s petroleum natural gas sector was $7.96 billion between April 2000 and June 2021. Moreover, rising demand for oil and gas in India is encourage investment in the field of refinery. Additionally, the government is planning to invest $2.86 billion in the production of natural gas and planning to drill more than 120 exploration wells by 2022. Increasing in more exploration of oil and gas has propelled the growth of zonal isolation market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Zonal Isolation Market Report by Segment
By Technology
- Chemical Zonal Isolation
- Mechanical Zonal Isolation
By Application
- Onshore Zonal Isolation
- Offshore Zonal Isolation
Global Zonal Isolation Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global zonal isolation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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