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According to the latest research, the global Casing Connectors market size was valued at USD 748.16 million in 2022 and is expected to expand at a CAGR of 5.1% during the forecast period, reaching USD 1008.32 million by 2028.
Connector is a general term for tubular connection which is welded on the butt-end of the pipe. Casing Connectors can be used as an alternative to the conventional weld-on. Casing Connectors can be divided into Integral connection and Threaded and coupled connection. This report studies the global Casing Connectors market.
Casing Connectors Market Challenges
The outbreak and persistence of the COVID-19 epidemic will undoubtedly have a severe impact on the global oil industry in 2020. The sharp drop and rebound of oil demand have caused drastic fluctuations in global oil product inventories and oil prices.
The International Energy Agency warned that the impact of the epidemic on the energy system will continue for many years. This year, global oil demand will drop by 8%, and Brent oil prices will not reach the level of US$ 50 per barrel until 2023. If the policies and goals of various countries are implemented smoothly, global energy demand will also return to pre-epidemic levels in early 2023. If the epidemic prolongs and the decline deepens, this point will be postponed to 2025.
The oil and gas industry is one of the main downstream applications of Casing Connectors. With the outbreak of the epidemic, the oil industry fluctuates sharply, the demand side and the supply side will be more cautious, and related investments have decreased, which will increase the risk of future market fluctuations. Affected by this, the Casing Connectors market will also fluctuate, and market investment needs to be more cautious.
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Casing Connectors industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
VAM is one of the major players operating in the Casing Connectors market, holding a share of 19.92% in 2021.
VAM® became the leader in premium connections worldwide since inception in 1960 and remains today at the foremost edge of technological advances with a global presence in all major oil and gas fields worldwide. Vallourec is VAM’s Parent Companies.
Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec’s pioneering spirit and cutting-edge R&D open new technological frontiers. Operating in more than 20 countries, its 20,000 dedicated and passionate people work hand-in-hand with their customers to offer more than just tubes: they deliver innovative, safe, competitive and smart tubular solutions, to make every project possible.
Tenaris is a leading supplier of tubes and related services for the world’s energy industry and certain other industrial applications. Its customers include most of the world’s leading oil and gas companies as well as engineering companies engaged in constructing oil and gas gathering, transportation and processing facilities. Its principal products include casing, tubing, line pipe, and mechanical and structural pipes.
Segmentation Overview:
Among different product types, Threaded and coupled connection segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Onshore segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Casing Connectors industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Casing Connectors. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Casing Connectors Market Report Include:
Market Size Estimates: Casing Connectors market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Casing Connectors market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Casing Connectors market
Segment Market Analysis: Casing Connectors market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Casing Connectors market situations and prospects in major and top regions and countries
Casing Connectors Market
Casing Connectors Industry Chain: Casing Connectors market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Casing Connectors Industry News, Policies by regions
Casing Connectors Industry Porters Five Forces Analysis
Key players in the global Casing Connectors market are covered in Chapter 2:
Tenaris
TPS-Technitube Röhrenwerke GmbH
Oil States Industries
Schlumberger
NOV
OMS Oilfield Services Pte Ltd
VAM
Dril-Quip
Hunting Energy Services
Baker Hughes
In Chapter 6 and Chapter 9, on the basis of types, the Casing Connectors market from 2018 to 2028 is primarily split into:
Integral connection
Threaded and coupled connection
In Chapter 7 and Chapter 10, on the basis of applications, the Casing Connectors market from 2018 to 2028 covers:
Onshore
Offshore
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Casing Connectors market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Casing Connectors industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Casing Connectors market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Casing Connectors industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Casing Connectors market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Casing Connectors market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Casing Connectors market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Connector is a general term for tubular connection which is welded on the butt-end of the pipe. Casing Connectors can be used as an alternative to the conventional weld-on. Casing Connectors can be divided into Integral connection and Threaded and coupled connection. This report studies the global Casing Connectors market.
Casing Connectors Market Challenges
The outbreak and persistence of the COVID-19 epidemic will undoubtedly have a severe impact on the global oil industry in 2020. The sharp drop and rebound of oil demand have caused drastic fluctuations in global oil product inventories and oil prices.
The International Energy Agency warned that the impact of the epidemic on the energy system will continue for many years. This year, global oil demand will drop by 8%, and Brent oil prices will not reach the level of US$ 50 per barrel until 2023. If the policies and goals of various countries are implemented smoothly, global energy demand will also return to pre-epidemic levels in early 2023. If the epidemic prolongs and the decline deepens, this point will be postponed to 2025.
The oil and gas industry is one of the main downstream applications of Casing Connectors. With the outbreak of the epidemic, the oil industry fluctuates sharply, the demand side and the supply side will be more cautious, and related investments have decreased, which will increase the risk of future market fluctuations. Affected by this, the Casing Connectors market will also fluctuate, and market investment needs to be more cautious.
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Casing Connectors industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
VAM is one of the major players operating in the Casing Connectors market, holding a share of 19.92% in 2021.
VAM® became the leader in premium connections worldwide since inception in 1960 and remains today at the foremost edge of technological advances with a global presence in all major oil and gas fields worldwide. Vallourec is VAM’s Parent Companies.
Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec’s pioneering spirit and cutting-edge R&D open new technological frontiers. Operating in more than 20 countries, its 20,000 dedicated and passionate people work hand-in-hand with their customers to offer more than just tubes: they deliver innovative, safe, competitive and smart tubular solutions, to make every project possible.
Tenaris is a leading supplier of tubes and related services for the world’s energy industry and certain other industrial applications. Its customers include most of the world’s leading oil and gas companies as well as engineering companies engaged in constructing oil and gas gathering, transportation and processing facilities. Its principal products include casing, tubing, line pipe, and mechanical and structural pipes.
Segmentation Overview:
Among different product types, Threaded and coupled connection segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Onshore segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Casing Connectors industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Casing Connectors. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Casing Connectors Market Report Include:
Market Size Estimates: Casing Connectors market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Casing Connectors market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Casing Connectors market
Segment Market Analysis: Casing Connectors market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Casing Connectors market situations and prospects in major and top regions and countries
Casing Connectors Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Casing Connectors Industry Chain: Casing Connectors market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Casing Connectors Industry News, Policies by regions
Casing Connectors Industry Porters Five Forces Analysis
Key players in the global Casing Connectors market are covered in Chapter 2:
Tenaris
TPS-Technitube Röhrenwerke GmbH
Oil States Industries
Schlumberger
NOV
OMS Oilfield Services Pte Ltd
VAM
Dril-Quip
Hunting Energy Services
Baker Hughes
In Chapter 6 and Chapter 9, on the basis of types, the Casing Connectors market from 2018 to 2028 is primarily split into:
Integral connection
Threaded and coupled connection
In Chapter 7 and Chapter 10, on the basis of applications, the Casing Connectors market from 2018 to 2028 covers:
Onshore
Offshore
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Casing Connectors market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Casing Connectors industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Casing Connectors market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Casing Connectors industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Casing Connectors market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Casing Connectors market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Casing Connectors market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
