Zonal Isolation Market Size, Share and Global Trend By Technology (Mechanical, Chemical), By Application (Offshore, Onshore), and Regional Forecast, 2024-2032

Oil and natural gas are considered among the key essential commodities for the human race. In order to meet the increasing demand for oil and natural gas, exploration activities are being carried out across the world. The crude oil exploration is followed by the setting up of drills for the extraction of oil. Various factors are considered for the economic extraction of oil. Zonal isolation being one of those factors are used in the oil extraction process to achieve more production efficiency. Zonal isolations are not part of the production process but they aid in corrosion protection of the casings, sealing off zones, stage cementing, and stimulation among other applications. Zonal isolation is important for the well from the economic point of view.

Based on the technology, zonal isolation is mainly divided as mechanical and chemical zonal isolation. Mechanical zonal isolation is further bifurcated into sliding sleeves, packers, perforated/slotted liners, and plugs. Wherein the packers segment is expected to hold a dominant share in the zonal isolation market owing to its wide applications in the injection, production and cementing activities. Similarly, chemical zonal isolation is further bifurcated into polymer gel, monomer system, bio-polymer, elastomers, and others. Zonal isolation is used for various applications such as onshore and offshore wells.

Zonal isolation is a part of the upstream process of oil and natural gas industry. The growth in the exploration of oilfields is expected to directly impact on the growth of the zonal isolation market. Similarly, the exploration of the shale gas reserves is also expected to create a platform for the growth in the demand of zonal isolations. Zonal isolations also aid in the isolation of water producing formations which in turn helps in maintaining the optimal hydrocarbon productivity and thus making the well more economic.

Crude oil prices have witnessed quite unsteady trends in the recent past. The fluctuating crude oil prices directly impact the production activities of oil and natural gas which in turn is likely to hamper the growth of zonal isolation market.

Key Players Covered

Some of the key players in the zonal isolation market are Baker Hughes, Schlumberger Limited, Halliburton, Welltec, Weatherford International, TAM International, Inc., Tendeka, Hydrawell, Peak Well Systems, Vanguard Oil Tools and Services, AltraRock Energy, Inc., Exxon Dena, Saltel Industries, GEODynamics and Packers Plus Energy Services, Inc.

SEGMENTATION

Regional Analysis

The global zonal isolation market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to BP statistical oil review 2017, North America held around 20% of the oil and gas production and is expected to witness steady growth in the near future. Owing to this, the zonal isolation market is expected to grow at a higher rate in the region in the near future. Abundant availability of oil reserves and growing oil production in Russia is expected to drive the zonal isolation market in the European region. Zonal isolation market in the Middle East and Africa region is expected to witness a steady growth owing to the slow growth of oil and gas production in the region. Latin America has shown significant growth in the production of gas in recent years, owing to which the zonal isolation market is expected to grow at higher rates in the region. Shale gas reserves in China and India and steady growth of oil and gas production the region is expected to create a platform for the growth of the zonal isolation market in the region.

Key Industry Developments

• In December 2018, Packers Plus Energy Services Inc. launched a new product under the brand name LighteningPLUS which is paired with a ball in order to provide zonal isolation. The plug is rated up to 10,000 psi pressure and can withstand up to 300⁰ F temperature conditions.
• In September 2018, Schlumberger Limited launched a new mud sealing cement system under the brand name CemFIT Shield at the Society of Petroleum Engineers Annual Technical Conference and Exhibition
• In September 2018, GEODynamics introduced a power charge ignitor system under the brand name S1 ignitor and crossover while addressing the key cause of failure of ignition of power charges in zonal isolation perforation operations.