Rig And Oilfield Mats Market Insights and forecast, 2017 - 2027

Safety and stability are the two important things required on worksite in areas of oil & gas exploration and other heavy duty applications. Rig and oilfield mats provides a work platform that can easily carry heavy machinery and also creates clean and safe working environment for workers. A rig mat is basically a temporary or portable platform used to support equipment used in various applications. It is generally composite of steel and timber. Steels are provided in the rig mats to increase its strength so that manufactures can built the mats of large size and can bear more weight as compare to others. These mats are durable and have long life, so it can be reuse on different work side also. Rig and oilfield mats are used for various worksite such as construction, oil & gas, petrochemical, pipeline, wind, military, highline and helipad. Rig mat is one of the most vital assets in oil and gas industry. For difficult terrains, rig and oilfield mats helps companies to overcome challenges.

Laminated rig mats are highly preferred over the others due to its light weight, more stability and tendency to bear heavy loads. Furthermore, laminated rig mats are constructed with cross laminated timber (CLT) core which eliminates the use of internal steels and provides water resistance properties. On the other side, cross beam rig mats are strong and repairable and can withstand the heaviest loads.

Rig and Oilfield Mats Market: Market Dynamics

Drivers

Sustained demand from oil & gas exploration is expected to be the major factor which drives the growth of rig and oilfield mats market. Moreover, rig and oil field mats provides stable platform and safety to the worker at worksite will further drives the growth of rig and oilfield market over the forecast period. Additionally, light weight, high strength and cost effective are the features of rig and oilfield mats which are expected to drive the growth of market.

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Restraint

In the developing countries of Africa and South East Asia, industries or worksites does not prefer rig and oilfield mats which is expected to be the major factor which hinder the growth of rig and oilfield mats market. The high installation costs involved may act as a restraint for the rig and oilfield mats market.

Trends

Laminated rig mats is the latest product which are built with cross laminated timer (CLT) core. Cross laminated timber (CLT) core provides weight saving and from supplier side, they can ship more mats per truck load.

Rig and Oilfield Mats Market: Segmentation

The global rig and oilfield mats market can be segmented on the basis of product type and application.

On the basis of product type, the rig and oilfield mats market can be segmented into:

Laminated Rig Mats

Cross Beam Rig Mats

On the basis of application, the rig and oilfield mats market can be segmented into:

Oil & Gas

Construction

Petrochemical

Wind

Pipeline

Highline & utility

Military

Helipad

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Rig and Oilfield Mats Market: Region-Wise Outlook

During the forecast period, the Asia pacific will be closely followed by North America. Both of these markets are expected to witness rich growth of rig and oilfield mats market due to rapid industrialization and the expanding oil and gas industry. Western Europe, in particular, is estimated to witness growth in the rig and oilfield mats market due to the expected growth in the construction industry during the forecast period. Latin America is expected to grow at a significant CAGR during the forecast period high demand of rig and oilfield mats in the growing petrochemicals and other related industries in the region.

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This release was published on openPR.