Global Zonal Isolation Market to Expand with Improvements in Mining Operations

(The Express Wire via Comtex)

Zonal Isolation Market Revenue to Reach US$27.88 bn by 2024, Rise in Offshore Drilling Activities Fuels Growth

The global zonal isolation market has become a goldmine of lucrative opportunities in recent times. The dramatic upswing in revenues across the mining industry is suggestive of growth within the global zonal isolation market. Furthermore, industrial relevance of chemical separation techniques has been a timeless driver of demand within the market. As oilfields and mining sites embrace sophisticated technologies, the global zonal isolation market shall trace an upward trajectory of growth. Furthermore, the constructions industry has also undergone key technological upgrades in recent times.

The indispensable use of cement slurries in the constructions industry acts as a launch pad for growth within the global market. Civil engineering bodies recommend the use of zonal isolation to improve the displacement efficiency of fluids. In addition to this, training of masons in zonal isolation technique has also given a thrust to market growth. The life of an oil well can be increased by several years with consistent use of chemical separation technologies. This factor, coupled with advancements in the oil and gas industry shall drive demand within the global market.

Failure of zonal isolation in wells can have adverse environmental impacts. Furthermore, unsuccessful execution of zonal isolation can often become a cause of dysfunctional wells. Hence, well operators are expected to make heavy investments towards developing fool-proof zonal isolation procedures. This propensity shall invariably contribute towards market growth.

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Transparency Market Research (TMR), in one of its reports, predicts that the global zonal isolation market would expand at a CAGR of 6.60% over the period between 2016 and 2024. Furthermore, the zonal isolation market shall touch a valuation of US$ 27.88 bn by 2024. Need for environmental safety across mining sites has played a vital role in driving market demand.

Chemical Testing and Experimentation to Capture Increased Share of Demand

The use of zonal isolation for chemical experimentation and testing has played a vital role in market growth. Despite accounting for a nominal share of demand, chemical testing is expected to emerge as a key end-use for zonal isolation. Scientists are on a quest to decode limitations related to well management. This factor has led to increased use of zonal isolation in the oil and gas industry.

Prevention of sloughing and cement wash outs in the mining industry also necessitates the use zonal isolation. Mine operators consider cost-cutting as their top-most priority, and this leads them to induct separation technologies across wells. Furthermore, investments made towards better mining and extraction technologies has emerged as a key dynamic of market growth. 3-3-D displacement simulators have become immense popularity in recent times, and this has driven market demand.

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Need for Optimization of Cement Designs

iCem® service provided by Halliburton offers robust solutions in cement design optimization. This process requires extensive use of zonal isolation, and hence, the global market is expected to gain from advancements in oilfield management and construction. Furthermore, several instances of mining washouts have led scientists to take zonal isolation more seriously. This factor has also driven demand within the global zonal isolation market in recent times.

The market players in the global zonal isolation market are focusing on popularizing their services amongst new mining entities. Some of the leading players in the global zonal isolation market are Superior Energy Services, Inc., Nabors Industries Ltd., Baker Hughes, Inc., Halliburton Company, and Weatherford International.

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