Overall demand growth: With the continuous development of the global economy, energy demand is on the rise, and oil and gas field development activities are becoming more frequent. As a result, the market demand for oil casings will continue to grow steadily.
Strong demand for high – end products: The exploitation of oil and gas resources is expanding into deep – sea, deep, ultra – deep, and unconventional oil and gas fields. This has led to increasingly higher requirements for the performance of oil casings. The demand for high – end oil casing products, such as those with higher strength, better corrosion resistance, and superior sealing performance, will increase significantly.
Regional demand changes: The advancement of national strategies such as the Belt and Road Initiative has made emerging markets in Asia, Africa, etc., important drivers of the growth in oil casing demand. There will also be a structural adjustment in the domestic market demand. Coastal areas and western regions will become new growth points due to their great potential for oil and gas resource development.
