Mining Chemicals Market Expected To Witness A Substantial Growth Of USD 15.57 Billion By 2028: Grand View Research Inc.

San Francisco, 11 Nov 2021: The Report Mining Chemicals Market Size, Share & Trends Analysis Report By Ore Type (Copper, Iron), By Application (Mineral Processing, Explosives & Drilling), By Region (Europe, APAC), And Segment Forecasts, 2021 – 2028

The global mining chemicals market size is estimated to reach USD 15.57 billion by 2028, registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Factors, such as rising demand for minerals and increasing mining and water treatment activities, are likely to drive the demand for the product over the forecast period.

The demand for mining activities across the globe is rising owing to increasing infrastructural developments and automotive production and growing demand for minerals. The mining market includes the sales of metals and minerals and other valuable materials, such as coal, stone, sand, and gravel, which are extracted from the earth’s crust.

The manufacturers in the market are focusing on adopting different strategies, such as expansions, joint ventures, acquisitions, new product launches, agreements, and partnerships, to obtain a high market share. Key stakeholders in the industry are inclined towards the development and innovation of novel products and consequently are planning significant investments for R&D activities.

Manufacturers have personal R&D centers dedicated to development purposes and are inclined towards forming alliances with various research organizations and institutes to achieve optimized results. Industry participants maintain strong relationships with international as well as local suppliers and distributors to maintain a consistent sales flow of products throughout the year.

Access Research Report of Mining Chemicals Market @ https://www.grandviewresearch.com/industry-analysis/mining-chemicals-market

Mining Chemicals Market Report Highlights

• In 2020, iron emerged as the fastest-growing ore type segment with a CAGR of more than 6%. The growing demand for iron ore in different industries including wastewater and petroleum is expected to fuel the segment growth
• The solvent extractants segment is a prominent product segment, in terms of growth rate, as solvent extractants offer protection against oxidative degradation and offer excellent operational reliability
• The explosives & drilling segment is projected to grow at the highest CAGR from 2021 to 2028. The increasing need for minerals and metals is expected to augment the demand for mineral extraction over the forecast period
• Water treatment is expected to be the second-highest application segment from 2021 to 2028, in terms of growth rate, due to the increasing demand for major commodities, such as iron ore and copper
• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028 owing to the increasing foreign investments in emerging countries, including China and India, which have contributed to the regional market growth

List of Key Players of Mining Chemicals Market

• Ashland, Inc.
• The Dow Chemical Company
• Chevron Phillips Chemical Company
• BASF SE
• Exxon Mobil Corp.
• Cytec Solvay Group
• Air Products and Chemicals, Inc.
• Cheminova A/S
• Akzo Nobel
• NASACO
• Beijing Hengju
• Clariant AG
• ArrMaz
• Orica

Access Press Release of Mining Chemicals Market @ https://www.grandviewresearch.com/press-release/global-mining-chemicals-market

Coiled Tubing Market Size Is Projected To Reach USD 4.72 Billion By 2027: Grand View Research Inc.

San Francisco, 22 July 2020: The Report Coiled Tubing Market Size, Share & Trends Analysis Report By Services (Well Completion, Drilling), By Operations (Circulation, Pumping), By Application, By Region, And Segment Forecasts, 2020 – 2027

Coiled tubing is a term that is used frequently in the oil and gas industry, but will definitely sound unfamiliar to common folks. So, what exactly is it? Simply put, it is an electrically welded tube, which is manufactured with one longitudinal seam. The seam is formed by high-frequency induction welding without the addition of filler metal. It is a long pipe spooled on a large reel, and is 1 to 3.25 inch in diameter.

Coiled tubing can be applied in both onshore and offshore oil & gas fields. The technique is gaining popularity as it is helpful for extending life of a producing well by providing well cleaning and completion facilities in the well. These services are included under well intervention service. Coiled tubing services can be used for deployment in wells while continuously circulating fluids. Another advantage of CT is, it has ability to work with current surface pressure present (no need to stop the well production), minimal formation damage when operation is performed, and it also reduces the service time & increase personnel safety.

With the growing demand for coiled tubing usage in upstream oil & gas industry, companies are also engaging themselves for developing intelligent coiled tubing (ICT), which combine real-time downhole data monitoring and power. The use of these systems improves operational efficiency significantly while accelerating well recovery.

Growth Factors and Challenges

There are a number of factors aiding the growth of coiled tubing market, especially the Intelligent CT services. Prominent among them are:

• Decline in the production of oil, along with a simultaneous increase in the number of production and exploration activities around the globe is expected to drive market growth.
• Growing demand for well intervention and drilling services in oil and gas industries is expected to aid market growth.
• Countries engaged in exploration and production activities are witnessing Government support in the form of regulations, such as 30 CFR 250.616 and DRAFT IRP 21 (2016), providing a springboard for intensifying the activities.
• Critical economies such as China and the U.S. have taken initiatives such as relaxing FDI provisions, providing tax incentives and financial aids, which is anticipated to steer the coiled tubing market towards positive growth.
• Rise in shale gas projects as well as unconventional resource developments is expected to be a significant market driver in the coming years.
• Oil recovery techniques are seeing promising growth owing to regeneration of matured oil wells, as well as rising operating costs concerning oil extraction from existing wells.

Access Blog of Coiled Tubing Market @ https://www.grandviewresearch.com/blog/coiled-tubing-market-size-share

Industry Developments

Some of the major companies operating in the coiled tubing industry are Schlumberger, Baker Hughes, Halliburton, Weatherford International Inc, Archer Limited, Calfrac Well Services Ltd, Cudd Energy Services, Superior Energy Services Inc., Trican Well Service Ltd., and C&J Energy Services, Inc. Some of these companies are involved in research & development activities and developing better CT technology and equipment used in it.

Some of the recent developments observed in the market are as follows:

• In October 2019, Aker BPannounced a partnership with Schlumberger and Stimwell Services, establishing the Well Intervention and Stimulation Alliance, in order to boost hydrocarbon production on the Northern Continental Shelf. The alliance will see Schlumberger provide coiled tubing and flowback operations on Aker BP’s fixed installations, while Stimwell will be offering vessel-based stimulation services.
• In October 2019, C&J Energy Servicesand Keane Group completed their merger, forming a new well completion and production services company called NexTier Oilfield Solutions Inc.
• In August 2019, Halliburtonwas awarded a contract by Woodside Energy BV for a Senegal Deepwater Project, with services included being logging, cementing, drilling, well testing and coiled tubing services, among others. The project is expected to begin in late 2020 or early 2021, with initial engineering work being carried out in Perth, Australia, before moving to Dakar, Senegal.
• In February 2019, Baker Hughesintroduced the MILLITE™ lightweight frac plug, which helps in minimizing intervention time and reducing coiled tubing cycling costs. The plug is devoid of any heavy metal or ceramic parts, making it the market’s lightest conventional plug.

Access Press Release of Coiled Tubing Market @ https://www.grandviewresearch.com/press-release/global-coiled-tubing-ct-market

 

Industrial Pumps Market is Predicted to Observe a Tremendous Growth, With a CAGR of 5.9% From 2020 To 2027 : Grand View Research Inc.

San Francisco, 9 July 2020: The Report Industrial Pump Market Size, Share & Trends Analysis Report By Product (Centrifugal, Positive Displacement), By Application (Oil & Gas, Water & Wastewater, Power), And Segment Forecasts, 2020 – 2027

Industrial Pumps are generally used to move liquid through the desired amount of distance and with required speed. There are several types of pumps suited to different types of applications. The application mainly includes the type of fluid you desire to pump, the distance you desire to move the fluid, and the quantity you require to get over a particular time frame.

Types of Pumps

Pumps are classified mainly into two types –

• Dynamic Pumps
  • Rotodynamic pumps (or dynamic pumps)are a type of velocity pump in which kinetic energy is added to the fluid by increasing the flow velocity. This increase in energy is converted to a gain in potential energy (pressure) when the velocity is reduced prior to or as the flow exits the pump into the discharge pipe. And dynamic pumps are classified into different types but some of them are discussed below like Centrifugal, Vertical centrifugal, Horizontal centrifugal, Submersible, and Fire hydrant systems.
• Positive Displacement Pumps
  • A positive displacement pumpmakes a fluid move by trapping a fixed amount and forcing (displacing) that trapped volume into the discharge pipe. Some positive displacement pumps use an expanding cavity on the suction side and a decreasing cavity on the discharge side.

Also, Positive displacement pumps are classified into diaphragm pumps, gear pumps, peristaltic pumps, lobe pumps, and piston pumps.

Access Blog of Industrial Pumps Market @ https://www.grandviewresearch.com/blog/industrial-pumps-market-size-share-analysis

Recent Developments in Industrial Pumps Market

• Internet of Things (IoT) has gained access to multiple industries, revolutionizing those for the better; similar is the case of industrial pumps industries. Long Range Wide Area Network (LoRaWAN)is an LPWAN specification from the nonprofit IoT group LoRa Alliance for battery-operated devices that provides secure, bidirectional communications between remote sensors and centralized network servers.Availability of these public networks means that utilities do not need to operate their own networks and can use existing networks in a similar manner to current cellular service.
• Annovi Reverberi Group, the Italian manufacturerof diaphragm pumps for agriculture applications, high pressure washers and piston pumps for industrial applications, announced the acquisition of a 95% stake in Ace Pump Corp. (“Ace Pumps”), a U.S. manufacturer of pump solutions for agricultural and off-highway applications. Andy Randle, CEO of the company, will retain a 5% stake in Ace Pumps.
• SPX FLOW, Inc.announced that it has entered into a definitive agreement (the “purchase agreement”) to sell a substantial portion of its former Power and Energy reportable segment (“the P&E business”) to an affiliate of funds managed by Apollo Global Management, Inc. Under the agreement, the Apollo fund affiliate will purchase the P&E business in an all-cash transaction with an enterprise value of $475 million.
• With the advent of renewable technology, Industrial pumps got a big boost with the inclusion of Solar pumps. It has provided a strong push with increase in the efficiency, cost cut and profit margins, in addition with efforts to attain a sustainable environment.

Access Press Release of Industrial Pumps Market @ https://www.grandviewresearch.com/press-release/global-industrial-pumps-market

Explosives & Pyrotechnics Market Size Worth $31.95 Billion By 2024: Grand View Research Inc.

San Francisco, 5 June 2020: The Report Explosives & Pyrotechnics Market Size, Share and Trends Analysis Report By Product (Blasting Agents, Propellants, Pyrotechnics), By Application (Proximate Pyrotechnics, Consumer Pyrotechnics, Display Pyrotechnics) And Segment Forecasts, 2018 – 2024

The global explosives & pyrotechnics market size is expected to reach USD 31.95 billion by 2024, according to a new report by Grand View Research, Inc. The global explosives and pyrotechnics market is expected to grow significantly over the forecast period on account of increasing use of the product in construction and mining activities.

Rising number of projects for infrastructure development in Asia Pacific is expected to drive the demand for explosives as a blasting agent. Increasing government spending for infrastructure development in Asia Pacific and the Middle East on account of increasing domestic output is expected to play a significant role in amplifying construction activities in these regions.

In 2013, Asia Pacific contributed to approximately 44% of the total global construction spending, an increase of 4% from the previous year. Also, the development of new construction and building projects in Asia is likely to boost market growth. The demand for explosives in the region is expected to be 14.93 million tons by 2024.

Access Research Report of Explosives & Pyrotechnics Market @ https://www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market

Further key findings from the report suggest:

• Positive outlook towards the mining sector in Chile, and Peru, and owing to government policies to open opportunities for investments by foreign players, to improve the economic conditions, is expected to drive the demand for explosives subsequently. The segment is projected to witness volume growth at a CAGR of 4.9% over the forecast period.
• Coal mining was the largest application within the mining sector accounting for 49.8% of the volume in 2015. However, the outlook towards coal is likely to be bleak over the forecast period on account of increasing shifting trends of consumers towards alternative sources of energy including natural gas and renewable energy. However, metal mining is expected to witness tremendous growth on account of rising demand for metals including rare earth elements.
• Consumer pyrotechnics accounted for 36.2% of the global volume in 2015 and is expected to grow on account of increasing demand for recreational fireworks, model rocket motors, and powder-actuated nail guns.
• Key market players include Orica Mining Services, ENAEX, Maxam Corp., Sasol Limited, Austin Powder Company, AEL Mining Services, Chemring Group, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, Titanobel SAS, Hanwha Corp., Solar Industries India, and LSB Industries.
• Companies are focusing on product innovation to cater to the growing demand for safe & effective explosives. For instance, in September 2016, Orica launched a new product, Vistis Bulk System, catering to the growing consumer demand in Australia.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the global explosives & pyrotechnics market on the basis of product, application and region:

Explosives & Pyrotechnics Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

• Blasting agents
• Propellants
• Pyrotechnics
• Others

Explosives & Pyrotechnics Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

• Mining
• Construction
• Military
• Others

Explosives & Pyrotechnics Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

• Proximate pyrotechnics
• Consumer pyrotechnics
• Display pyrotechnics
• Others

Explosives & Pyrotechnics Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Access Press Release of Explosives & Pyrotechnics Market @ https://www.grandviewresearch.com/press-release/global-explosives-pyrotechnics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

In-Line Process Viscometer Market Size To Hit USD 185.4 Million By 2020: Grand View Research Inc.

San Francisco, 12  May 2020: The Report In-Line Process Viscometer (ILPV) Market Analysis By Technology (Rotational, Torsional Oscillation, Vibration, Moving Piston, Coriolis, Dynamic Fluid Pressure And Acoustic Wave), By Application And Segment Forecasts To 2020

The global In-Line Process Viscometer (ILPV) market is expected to reach USD 185.4 million by 2020, according to a new study by Grand View Research, Inc. Rapid increase in global refining capacity on account of growing energy demand is expected to remain a key driving factor for the global market. ILPV provides real-time monitoring that helps manufacturers monitor product quality and meet regulatory standards. Additionally, growth in food and beverage industry coupled with increasing healthcare expenditure in the emerging markets of India, China and Brazil is also expected to have a positive influence on market growth. Lack of ability to measure multidirectional flow along with ongoing price wars is expected to remain key challenges for market participants.

Vibration emerged as the leading technology segment for ILPV and accounted for 22.3% of total market revenue in 2013. Vibration technology is best suited for continuous direct viscosity measurement in tanks and/or pipes and is widely used across various end-use industries. Acoustic wave is expected to be the fastest growing technology segment, at an estimated CAGR of 7.3% from 2014 to 2020. Acoustic wave technology is widely used for oil conditioning based monitoring needs which have helped in developing its market particularly in oil & gas industry.

Access Research Report of In-Line Process Viscometer Market @ https://www.grandviewresearch.com/industry-analysis/in-line-process-viscometer-ilpv-market

Further key findings from the study suggest:

• Petroleum dominated the global application market for ILPV and accounted for 40% of total market revenue in 2013. Increasing refining capacity, particularly in the Middle East and Asia Pacific is expected to drive the ILPV demand in petroleum applications. Pharmaceutical is expected to be the fastest growing application market, at an estimated CAGR of 6.7% from 2014 to 2020. Increasing regulatory intervention for improving the healthcare industry, particularly in BRICS nations is expected to fuel the demand for ILPV in the pharmaceutical industry.
• Asia Pacific continued its dominance in the global market and accounted for 30.1% of total market revenue in 2013. It is also expected to be the fastest growing regional market, at an estimated CAGR of 7% from 2014 to 2020. Rapid refining capacity additions on account of growing fuel consumption, particularly in China and India, is expected to spur growth of ILPV in the region.
• The global market for is highly fragmented with top four companies including Brookfield Engineering Laboratories Inc., Anton Paar, proRheo GmbH and Cambridge Viscosity accounting for less than 30% of the total demand. Other key companies operating in the global market include Brabender Gmbh & Co. Kg, Lamy Rheology, Hydromotion, Nametre (Galvanic Inc.), Vaf Instruments, Fuji Ultrasonic Engineering, Marimex America Llc., Sofraser, Mat Mess- & Analysetechnik, Micro Motion (Emerson Process Management), Norcross, Lemis Baltic, Orb Instruments, Inc., Endress+Hauser Consult AG, Bartec and Vectron International, Inc.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the in-line process viscometer market on the basis of technology, application and region:

Global In-Line Process Viscometer Technology Outlook (Revenue, USD Million, 2012 – 2020)

• Rotational
• Torsional Oscillation
• Vibration
• Moving Piston
• Coriolis
• Dynamic Fluid Pressure
• Acoustic Wave (Solid State)
• Others

Global In-Line Process Viscometer Application Outlook (Revenue, USD Million, 2012 – 2020)

• Petroleum
• Chemicals
• Pharmaceuticals
• Food and Beverages
• Others

Global In-Line Process Viscometer Regional Outlook (Revenue, USD Million, 2012 – 2020)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• RoW

Access Press Release of In-Line Process Viscometer Market @ https://www.grandviewresearch.com/press-release/global-in-line-process-viscometer-ilpv-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Pressure Pumping Market Worth $75.1 Billion By 2025 : Grand View Research Inc.

San Francisco, 29 November 2019: The Report Pressure Pumping Market Size, Share & Trends Analysis Report By Type (Hydraulic Fracturing, Cementing), By Well Type (Horizontal, Vertical, Directional), By Region, Vendor Landscape, And Segment Forecasts, 2018 – 2025

The global pressure pumping market size is expected to reach USD 75.1 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.1% during the forecast period. Rising exploration & production (E&P) in unconventional oil & gas reserves including shale basins is estimated to spur the growth of the market.

Increasing prominence of unconventional reserves including coalbed methane (CBM), shale, tight oil, and tight gas is likely to drive the market over the next few years. Advancements in extraction techniques are also helping E&P companies in increasing the yield in scanty profit regions such as the Arctic region and ultra-deep seas.

Governments of countries that support natural gas E&P from conventional (oil, gas, and coal), as well as unconventional sources (shale, CBM, and tight gas) are undertaking several regulatory initiatives to promote hydraulic fracturing. This is leading to upsurge in use of hydraulic fracturing for the development of unconventional sources.

Stable prices in 2017 and an upswing in upstream oil & gas investments are likely to augment the demand for pressure pumping operations over the forecast period. Number of coil tubing rigs in the U.S. registered an increase of nearly 3.3% from 2016 to 2017. Thus, stable oil prices, coupled with increasing number of the coiled tubing units, are expected to stoke the growth of the market over the forecast period

Pressure pumping of oil and gas formations may lead to groundwater contamination, migration of gases and fracking chemicals to surface, and contamination of surrounding air. In addition, oil obtained through pressure pumping includes chemicals used in fracking, which may increase corrosion rate in rail tank cars and pipelines. Thus, environment related concerns with the product are likely to hamper growth prospects.

Moratoriums and bans on hydraulic fracturing from regional agencies in France, Romania, Tunisia, Bulgaria, etc. are also expected to remain a major challenge for the industry. Soaring need for fossil fuels in electricity generation and transportation, however, is expected to propel the market.

Access Research Report of Pressure Pumping Market @ https://www.grandviewresearch.com/industry-analysis/pressure-pumping-market

Further Key Findings from the Report Suggest:

• In terms of revenue, hydraulic fracturing is anticipated to reach USD 58.3 billion by 2025 at a CAGR of 4.3% from 2017 to 2025. The U.S. shale gas boom is likely to be a key factor behind the growing prominence of hydraulic fracturing
• In terms of revenue, the cementing segment is projected to register a CAGR of 3.9% over the forecast period. Increasing number of drilled but uncompleted wells is anticipated to restrain the growth of the segment over the forecast period
• Horizontal well type dominated the global market with a share of 82.4% in 2016. The distinct benefits of horizontal wells in terms of providing enhanced productivity are likely to influence the growth of the segment positively in the coming years
• The North America pressure pumping market is anticipated to exceed USD 47.8 billion by 2025. Flourishing upstream oil and gas sector in the region is likely to drive the regional market over the forecast period
• Asia Pacific is projected to witness a remarkable CAGR of 5.5% over the forecast period, with China and Australia being the key revenue contributors in the region.
• Some of the key companies in the industry are Baker Hughes; Schlumberger Limited; Halliburton; C&J Energy Services, Inc.; Calfrac Energy Services Ltd.; Trican; and Superior Energy Services, Inc.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the global pressure pumping market report on the basis of type, well type, and region:

Pressure Pumping Type Outlook (Revenue, USD Million, 2014 – 2025)

• Hydraulic Fracturing
• Cementing
• Others

Pressure Pumping Well Type Outlook (Revenue, USD Million, 2014 – 2025)

• Horizontal
• Vertical
• Directional

Pressure Pumping Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Access Press Release of Pressure Pumping Market @ https://www.grandviewresearch.com/press-release/global-pressure-pumping-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Oilfield Equipment Market Share & Trends Will Hit USD 127.6 Billion By 2020 : Grand View Research Inc.

San Francisco, 12 November 2019: The Report Oilfield Equipment Market Analysis By Product (Drilling Equipment, Pumps & Valves, Field Production Machinery) And Segment Forecasts To 2020

The global oilfield equipment market size is expected to reach USD 127.6 billion by 2020, according to a new report by Grand View Research, Inc. Continuous technological advancements in tools for better performance, improved recovery rate, and higher production is expected to drive the global industry demand over the forecast period. Advancements in drilling techniques such as horizontal and directional drilling are expected to further boost the overall market demand in future.

Drilling equipment accounted for a share of 73.65% of the overall market revenue in 2013. The product segment is expected to grow at a CAGR of 4.2% from 2014 to 2020. Onshore operations majorly involve use of enhanced machines and huge number of tools for better results. Others include tools and machines which are used before transportation activities. The segment is expected to grow at a significant CAGR of 3.9% from 2014 to 2020.

Access Research Report of Oilfield Equipment Market @ https://www.grandviewresearch.com/industry-analysis/oilfield-equipments-market

Further key findings from the study suggest:

• North America was the leading regional market covering a market revenue share of 39.49% in 2013. High drilling activities to meet energy demand coupled with shale gas development was the major reason for its dominance. The market is expected to experience slow growth over the forecast period.
• Field production machinery accounted for 16.82% of overall market revenue share in 2013. The market is expected to witness slow growth over the next six years. Pumps & valves are expected to grow at a significant CAGR of 3.8% from 2014 to 2020 owing to increasing number of pipelines globally.
• Asia Pacific covered a market revenue share of 19.70% in 2013 and is expected to grow at the highest CAGR of 4.5% from 2014 to 2020. China is expected to contribute maximum towards regional industry growth in future. Other countries including India, Thailand, and Indonesia are also expected to witness high market growth over the forecast period.
• Global market is highly fragmented in nature. Major companies are Schlumberger, Baker Hughes, National Oilwell Varco, Weatherford International, Halliburton, Cameron International, Aker Solutions, and Transocean. Technological breakthroughs in the industry are expected to raise profits and market share over the forecast period. Small industry participants find it difficult to survive in the overall market on account of its high risk and high capital nature.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the Oilfield Equipment market on the basis of product and region:

Oilfield Equipment Product Outlook (Revenue, USD Million, 2012 – 2020)

• Drilling Equipment
• Field Production Machinery
• Pumps & Valves
• Others

Oilfield Equipment Regional Outlook (USD Million, 2012 – 2020)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Access Press Release of Oilfield Equipment Market @ https://www.grandviewresearch.com/press-release/global-oilfield-equipment-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Mining Lubricants Market Share & Trends Will Hit USD 3.09 Billion By 2025 : Grand View Research Inc.

San Francisco, 1 November 2019: The Report Mining Lubricants Market Analysis By Type (Mineral Oil, Synthetic & Bio-Based Lubricants), By Application (Coal Mining, Iron Ore Mining, Bauxite Mining, Precious Metal Mining), By Region & Segment Forecasts, 2018 – 2025

The global mining lubricants market is expected to attain USD 3.09 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 4.6% over the forecast period, owing to rising demand for mining lubricants as it helps in reducing the downtime due to frequent oil changes, maintenance and components failures as well as economizing high cost of equipmentwill propel industry expansion over the forecast period.

Growth of drilling and exploration activities on a global level, as well as increased demand for mining equipment has a direct and positive impact on mining lubricants demand. In addition, Stringent regulations imposed by government bodies towards environment protection are anticipated to augment the demand for bio-based lubricants.

Automatic lubrication systems provide an exact amount of lubricants including oil or grease to moving parts such as bearings to reduce friction and wear. The market for automatic lubrication systems is anticipated to fuel the demand for mining lubricants as the companies are taking various initiatives to increase their presence in the market owning to better labelling and appropriate specifications of their synthetic lubricants.

Iron ore mining accounted for 23.5% of the overall share in 2016 and is likely to witness substantial growth as a result of increased demand for steel in developing nations mainly China and India as well as dependence on steel for construction and transportation purposes.

Access Research Report of Mining Lubricants Market @ https://www.grandviewresearch.com/industry-analysis/mining-lubricants-market

Further key findings from the report suggest:

• Mineral oil lubricant is likely to witness significant rise at a CAGR of 3.8% from 2017 to 2025 as a result of their hydrophilic properties and solvency. Moreover, these lubricants are obtained from the distillation of crude, which are quick to dispose and reuse on account of an existing infrastructure in place.
• Asia Pacific was the dominant market and accounted for 43.54% of the overall share in 2016. Iron is the most widely used refractory metals, its demand in developing nations like India and China is fueling the demand for iron ore mining, which in turn is anticipated to augment the demand for the product in Asia Pacific.
• Countries including Germany and japan are switching to coal consumption on account of phasing out of nuclear power in Germany while the occurrence of Fukushima accident in Japan, thus driving the demand for product over the forecast period.
• Key participants dominating the industry includes Shell PLC., British Petroleum., ExxonMobil Corp., Sinopec, Lukoil, Chevron Corp., Schaeffer Manufacturing Company, Fuchs Petrolub SE, Kluber Lubrication, and Quaker Chemical Corporation.
• Product differentiation along with threat of forward integration by manufacturers to distribute mining lubricants and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
• In January 2014, Idemitsu began sale of lubricant products in Vietnam, following completion of its lubricant blending plant in December 2013.
• In January 2015, Whitmore Manufacturing Company partnered with Gulf Oil Lubricants India Limited, which will exclusively launch Whitmore Lubricants in Indian Market. This move will widen the product offering to the sectors including mining, minerals and metals, construction, power and cement for both the companies.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/bulk-chemicals

Grand View Research has segmented the mining lubricants market on the basis of product, application, and region:

Mining Lubricants Product Outlook (Volume, Revenue, USD Million, 2014 – 2025)

• Mineral oil lubricants
• Synthetic lubricants
• Bio-based lubricants

Mining Lubricants Application Outlook (Volume, Revenue, USD Million, 2014 – 2025)

• Coal mining
• Bauxite mining
• Iron ore mining
• Precious metals mining
• Rare earth mineral mining
• Others

Mining Lubricants Regional Outlook (Volume, Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Mining Lubricants Market @ https://www.grandviewresearch.com/press-release/global-mining-lubricants

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Coiled Tubing (Ct) Market Surge Valuation Of USD 4.9 Billion By 2025 : Grand View Research Inc.

San Francisco, 23 October 2019: The Report Coiled Tubing (CT) Market Analysis By Services (Well Intervention (Well Completion, Well Cleaning), Drilling), By Operations (Circulation/ Deliquification, Pumping, Logging, Perforation), By Application, And Segment Forecasts, 2018 – 2025

The global Coiled Tubing (CT) Market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand.

Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids is estimated to back up the industry growth. However, public concerns and several bans concerning harmful impacts of the technology mainly in countries such as South Africa, France, Tunisia, Romania, and Bulgaria are anticipated to remain key challenges for the industry players over the next few years.

Well intervention is a major service provided by CT technology. the service is carried out in to extend the life of a producing well by improving its performance. Some of the well intervention service includes well completion, well cleaning, and wireline. Sand clean out is the most common well intervention application. It is a complex process and requires pumping a fluid or gasses into the well.

Access Research Report of Coiled Tubing (CT) Market @ www.grandviewresearch.com/industry-analysis/coiled-tubing-ct-market

Further key findings from the report suggest:

• The global coiled tubing market was worth USD 3.25 billion in 2015. The market is expected to grow at a CAGR of 5.1% from 2017 to 2025
• Pumping in terms of coiled tubing unit was the major segment in the year 2016 and is expected to grow at a CAGR of 3.9% from 2017 to 2025
• Circulation operational segment is expected to be the fastest-growing segment over the forecast period
• Offshore segment is expected to be the fastest growing segment, owing to newly discovered oil wells in the deep waters
• North America was the largest market in 2015. It is expected to gain share on account of increasing E&P activities, particularly in the deep sea.
• Asia Pacific market is expected to grow at a CAGR of 5.8% from 2017 to 2025, owing to favorable government regulations and rising foreign investment in the region
• Market is moderately consolidated and experiences the presence of giant and large companies across the value chain
• Schlumberger, Baker Hughes, Halliburton, Weatherford International Inc, Archer Limited, Calfrac Well Services Ltd, Cudd Energy Services, Superior Energy Services Inc., Trican Well Service Ltd., and C&J Energy Services, Inc. are the prime companies operating in the market.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the global coiled tubing market on the basis of Service, operation, application and region:

Coiled Tubing Services Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

• Well Intervention
  • Well Completion
  • Well Cleaning
  • Others
• Drilling
• Others

Coiled Tubing Operation Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

• Circulation/Deliquification
• Pumping
• Logging
• Perforation
• Others

Coiled Tubing Application Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

• Onshore
• Offshore

Coiled Tubing Regional Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Coiled Tubing (CT) Market @ www.grandviewresearch.com/press-release/global-coiled-tubing-ct-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Offshore Mooring Systems Market Is Expected To Reach USD 1.32 Billion By 2025 : Grand View Research Inc.

San Francisco, 18 October 2019: The Report Offshore Mooring Systems Market Analysis By Type (Spread, SPM, Dynamic Positioning, Tendons), By Application (TLP, Semi-Submersible, SPAR, FPSO, Drill Ships), By Anchorage, And Segment Forecasts, 2018 – 2025

The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market.

Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations.

Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category.

Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. The segment is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025.

Access Research Report of Offshore Mooring Systems Market @ https://www.grandviewresearch.com/industry-analysis/offshore-mooring-systems-market

Further key findings from the report suggest:

• Tension leg platform (TLP) dominated the global offshore mooring systems industry and was valued at over USD 350.0 million in 2015
• The drag embedment anchors (DEA) are anticipated to witness the highest growth, growing at a CAGR of over 2.6% from 2016 to 2025
• North America market is projected to witness a steady growth rate over the forecast period and is estimated to generate revenue exceeding USD 320 million by 2025
• The U.S. dominated the North America market with a market share of 81.4% in 2015, and anticipated to observe the fastest growth in the region over the forecast period
• The offshore mooring demand for FPSO in the U.S. is projected to grow at a high CAGR of 1.9% over the forecast period
• Middle East is anticipated to emerge as the fastest growing regional market with a CAGR of 3.1% from 2016 to 2025, in spite of challenges faced in deep-water drilling worldwide. Key players including BP and Total are investing in the region and have become the leading stakeholders.
• Some of the major prominent equipment suppliers to mooring service providers include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, Fossen Shipping, and Scana Industrier ASA

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

Grand View Research has segmented the global offshore mooring systems market on the basis of product, end-use and region:

Offshore Mooring Product Type Outlook (USD Million, 2014 – 2025)

• Spread Mooring
• Single Point Mooring (SPM)
• Dynamic Positioning
• Tendons & Tension Mooring
• Others

Offshore Mooring Anchorage Outlook (USD Million, 2014 – 2025)

• Drag Embedment Anchors
• Suction Anchors
• Vertical Load Anchors
• Driven pile
• Others

Offshore Mooring Application Outlook (USD Million, 2014 – 2025)

• Tension Leg Platforms
• Semi-Submersible Platforms
• SPAR Platforms
• FPSO
• Drill Ships
• Others

Offshore Mooring Regional Outlook (USD Million, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Middle East
• Africa
• Central & South America

Access Press Release of Offshore Mooring Systems Market @ https://www.grandviewresearch.com/press-release/global-offshore-mooring-systems-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com