Sand Control Market, By Well Type (Open Hole and Cased Hole), By Technique (Gravel Packing, Standalone screens, Resin Coated Gravel, Plastic Consolidation, and Others), By Application (Onshore and Offshore), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI93319 | Publish Date: March 2024 | No. of Pages: 156

Global Sand Control Market By Overview

Introduction

Sand Control Market was valued at US$ 3.6 Billion in 2024 and is projected to grow at a CAGR of 3.90% to reach US$ 5.3 Billion by 2034.

Sand control is the process of reducing the formation of sand during the extraction of petroleum. Oil and gas production equipment erodes and wears from sand production, which results in production halts and costly repairs. Engineers working on drilling and well completion projects in the oil and gas sector must overcome a significant challenge of sand production. Sand is produced as a result of tension on the soil and extra stress from drilling. Sand production also results in down-hole cavities and tube blockage. Additionally, in rare instances, sand buildup might cause a serious blowout.

The rising focus on advanced technology to improve oil recovery is one of the factors boosting the growth of the target market. This occurs at a time when drillers are turning away from so-called "conventional wells" that have vertical portions and few opportunities for exploration. They are now focusing on deeper targets and more intricate wells with expanded reach sections. Furthermore, ultra-deepwater fields present more difficulties than ever before. Thus, the emphasis is turning to more sophisticated procedures where it is anticipated that new technologies will play a crucial role in completing difficult projects successfully.

For instance, in November 2022, according to The Economic Times, it was reported that ONGC is placing its faith in enhanced oil recovery (EOR) technology, which have already assisted the state-run business in increasing output from its ageing onshore assets by 10% yearly. By 2030, it hopes to have more than quadrupled the number of commercial EOR projects, an expenditure that might total hundreds of millions of euros.

Global Sand Control Market By Dynamics

Availability of Proven Oil Reserves in Abundance

Numerous nations, like Venezuela, Saudi Arabia, Libya, and Iraq, have enormous untapped oil reserves. These nations possess significant oil reserves that can create and satisfy the rising demand for petroleum-based goods. In the foreseeable future, drilling and completion efforts for oil exploration are anticipated to be augmented by these proved oil reserves. In turn, this is anticipated to open up significant growth prospects for businesses who manufacture sand control equipment and offer oilfield services.

Advancements in Sand Control Techniques for Off-shore Operations

Numerous onshore oilfields are seeing a decline in reserves. As a result, firms involved in oil and gas exploration are looking at ways to access offshore deep-water deposits. For offshore conditions, specialized sand control systems have been created to make it easier for exploration and production firms to conduct drilling operations. Oil well operators now want to use sand control systems as a preventative, rather than corrective solution, to minimize flow assurance issues due to increased costs, greater water depths, and complicated reservoir features. Oil producers are able to overcome the difficulties associated with deep water due to ongoing improvements in sand control methods provided by key companies, eventually fueling the growth of the Sand control Market.

For instance, in October 2021, according to The Journal of Petroleum Technology, several technological trends are starting to emerge. Longer and longer horizontal areas are being gravel packed. With zonal isolation, it is now possible to load more than 7,000 feet. Sand control remediation via through-tubing is still developing. Nanoparticles are being used in sand consolidation with the hope of improving permeability. In order to achieve behind-screen compliance for improved sand retention, more advancements have been made in the development of filters.

Restrains:

The fluctuating crude oil prices are the primary factor affecting the Sand Control Market. The number of rigs and drilling activities in North America have been significantly impacted by the excessive volatility of oil prices since 2014. Due to these fluctuations, many oil and gas enterprises cannot survive. Press releases claim that even though prices have stabilized since 2016, the danger involved in drilling operations has grown. Additionally, the effects of COVID-19 led to a sharp drop in oil and gas prices in the first quarter of 2020. The demand for oil has decreased since individuals were prohibited from leaving their houses due to lockdown in several locations.

Global Sand Control Market By Segmentation

Sand Control Market- Segmentation

Sand Control Market is segmented based on Well Type, By Technique, By Application and By Region.

Well Type Insight

On the basis of Well Type, Sand Control Market is segmented into Open hole and Cased hole. Cased hole well type segment is expected to dominate the growth of the target market, because of technical considerations pertaining to the stability of the hole. Production casing is inserted into the reservoir which ensures secure production operations in a cased-hole completion. Additionally, it serves as a barrier to keep gases, undesirable fluids, and sediments out of the wellbore. 

Technique Insights

On the basis of Technique, Sand Control Market is segmented into gravel packing, standalone screens, resin coated gravel, plastic consolidation, and others. Gravel packing technique segment is expected to dominate the growth of the target market owing to the fact that it is the most often used method for sand management. The down-hole filter produced by the gravel packing process limits sand generation and access into the well. The versatility of the approach makes it popular. Gravel may be simply arranged to fit any well type and deviation. This sand management method is utilized by several petroleum corporations in numerous wells all over the world.

Application Insights

On the basis of Application, Sand Control Market is segmented into onshore and offshore. The Onshore application segment is expected to dominate the growth of the target market, owing to the fact that the onshore segment controlled major of the worldwide sand control systems market. Throughout the anticipated period, the category is anticipated to keep holding the market's top spot.

Regional Insights:

On the basis of Region, the Sand Control Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Middle East and Africa is expected to dominate the growth of the Sand Control Market, owing to the fact that it had a larger market share for sand control systems and has become the largest net exporter of hydrocarbons in the world. Throughout the projected period, it is anticipated to rule the worldwide sand control systems market. The world's top producer of crude oil is in the Middle East and Africa.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Well Type - Open Hole and Cased Hole

By Technique - Gravel Packing, Standalone Screens, Resin Coated Gravel, Plastic Consolidation, and Others

By Application - Onshore and Offshore

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Sand Control Market report based on Well Type, Technique, Application and Region:

Sand Control Market, By Well Type:

  • Open Hole
  • Cased Hole

Sand Control Market, By Technique:

  • Gravel Packing
  • Standalone Screens
  • Resin Coated Gravel
  • Plastic Consolidation
  • Others

Sand Control Market, By Application:

  • Onshore
  • Offshore

Sand Control Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Sand Control Market By Key Players

The key players operating the Sand Control Market includes, Schlumberger Limited, Baker Hughes, Inc., Halliburton Company, Weatherford International Limited, Grit Industries, Inc., RPC, Inc., Superior Energy Services, Inc., Variperm Limited, and Welltec A/S, Tendeka B.V.

Global Sand Control Market By Company Profile

  • Schlumberger Limited*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies                
  • Baker Hughes, Inc.
  • Halliburton Company
  • Weatherford International Limited
  • Grit Industries, Inc.
  • RPC, Inc.
  • Superior Energy Services, Inc.
  • Variperm Limited
  • Welltec A/S
  • Tendeka B.V.

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

  • In February 2022, Tendeka was bought by Saudi Arabia-based oilfield services provider TAQA. According to estimates, the acquisition helped TAQA to establish itself as a major player in the world of providing well services and equipment. Tendeka's acquisition is anticipated to round off TAQA's portfolio.
  • In March 2022, Baker Hughes inked a contract to buy Altus Intervention to expand its oil & gas integrated well intervention solutions.
  • In November 2020, Halliburton launched new product, "Xtreme Single-Trip Multizone (XSTMZTM) system" which is used to complete wells in deep and ultra-deep water with a pressure of up to 15,000 psi. The XSTMZ system was built on an Enhanced Single-Trip Multizone (ESTMZTM) system with a 10,000 psi rating. This system had a higher pressure rating and enables operators to isolate and frac pack several zones at faster pump rates and with more proppant. Additionally, it encouraged the development of zonal compartments for improved stimulation of extended pay zones with significant pressure changes between them.

Global Sand Control Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Well Type
    • Market Snippet, By Technique
    • Market Snippet, By Applications
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Well Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Open Hole
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cased Hole
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Technique, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Gravel Packing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Standalone screens
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Resin Coated Gravel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Plastic Consolidation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Applications, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Onshore
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Offshore
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Well Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technique, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Well Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technique, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Well Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technique, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Well Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technique, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Well Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technique, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Schlumberger Limited*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies                
  • Baker Hughes, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Halliburton Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Weatherford International Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Grit Industries, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RPC, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Superior Energy Services, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Variperm Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Welltec A/S
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tendeka B.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Sand Control Market is segmented into Well Type, Technique, Application and Region.

Sand Control Market is driven by factors like availability of proven oil reserves in abundance and advancements in sand control techniques for off-shore operations.

By Region, the Sand Control Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Middle East & Africa market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Sand Control Market includes, Schlumberger Limited, Baker Hughes, Inc., Halliburton Company, Weatherford International Limited, Grit Industries, Inc., RPC, Inc., Superior Energy Services, Inc., Variperm Limited, and Welltec A/S, Tendeka B.V.

Sand Control Market accounted for US$ 3.4 billion in 2022 and is estimated to be US$ 5.3 Billion by 2034 and is anticipated to register a CAGR of 3.90%.