Summary

Jackup Rigs Market Research Report Information By Type (Independent legged-jackup, Mat-supported jackup), By Operation Depth (Shallow Water, Deep Water, and Ultra-deep Water), By Application (Oil & Gas and Offshore Wind Turbine Installations) and By Region - Global Forecast to 2027

Market Overview
The Jackup Rigs The market industry is anticipated to experience a compound annual growth rate (CAGR) of 5.4% from 2021 to 2020. A jack-up rig is a mobile offshore drilling unit (MODU) that is employed for exploratory drilling and production activities in shallow to intermediate water depths, typically up to approximately 500 feet (150 meters). It is frequently employed in offshore drilling operations within the oil and gas sector.
The roll-out of Covid-19 vaccines has lifted movement restrictions and, consequently, oil demand, resulting in a more than 60% increase in crude oil in 2021. Major economies are currently experiencing an energy crisis that shows no signs of abating, even though major oil producers are remaining steadfast in their commitment to limiting their supply. As a result of the increased number of vaccinated individuals who are emerging from coronavirus lockdowns, prices have increased, which has contributed to a recovery in economic activity. Simultaneously, the global commodity prices, which encompass the fuels utilized for power generation, including coal and gas, have experienced a significant increase from Asia to Europe. In the interim, the Chinese government has directed miners to increase coal production in response to the recent increase in electricity prices. The global oil demand is anticipated to increase by 5.5 mb/d in 2021 and 3.3 mb/d in 2022, reaching 99.6 mb/d, which is marginally above pre-Covid levels. The global energy demand will increase in tandem with the growth of the global economy and society. This makes oil a desirable commodity for power generation and maintains economic stability. Consequently, the increased demand is driving crude markets upward. The production of oil and gas will remain a critical component of the global energy supply, with a projected increase in total production of 17 million barrels of oil equivalent per day by 2025. Although unconventional onshore production has experienced substantial growth, offshore production currently accounts for 28% of total oil and gas production. It is anticipated that offshore production will generate an additional 5 million barrels of oil equivalent growth by 2025. Therefore, to address the disparity between energy supply and demand, oil and gas companies will intensify their offshore exploration efforts, which will subsequently increase the demand for jackup platforms worldwide.

Market Segment Insights

The Jackup Rigs Market has been segmented into two types: independent legged-jackup and mat-supported jackup.
The Jackup Rigs Market is classified as shallow water, deep water, and ultra-deep water based on type.
On the basis of application, the market is segmented into offshore wind turbine installations and oil & gas.
Regional Perspectives
The region is expected to become the largest expanding global market for jackup rigs due to the substantial jackup rigs industry in North America. The Gulf Coast region of the United States is the site of most drilling activity in support of the offshore oil and gas industry. This activity is primarily concentrated in Alabama, Mississippi, Louisiana, and Texas. In the past, most of the shallow water drilling capacity in the Gulf of Mexico has been supplied by the jackup construction industry in the United States. Nevertheless, shallow water drilling in the US Gulf of Mexico (GOM) is on the decline, and capital has been directed to onshore natural gas fields, which are more cost-effective to drill, and the more promising deepwater GOM, which is prone to oil. While deepwater production is anticipated to have a promising future, jackups that are capable of drilling in these water depths are increasingly being employed in the United States.

Major Players
Eurasia Drilling (UK), COSL (UK), Nabor Ltd. (India), Valaris (China), Seadrills (Bermuda), BORR Drilling (Bermuda), GSP Offshore (Constanţa), Noble Corporation (Cayman Islands), and Maersk Drilling (Denmark) are the primary participants in the market.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL CROTONIC ACID MARKET, BY APPLICATION
1.1.2 GLOBAL CROTONIC ACID MARKET, BY END USE INDUSTRY
1.1.3 GLOBAL CROTONIC ACID MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 RISING INDUSTRIAL APPLICATIONS
4.2.2 RISING DEMAND OF GREEN CHEMISTRY AND SUSTAINABILITY
4.3 RESTRAINTS
4.3.1 TOXICITY AND HANDLING
4.4 OPPORTUNITIES
4.4.1 TECHNOLOGICAL ADVANCEMENTS ASSOCIATED WITH CROTONIC ACID
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 CROTONIC ACID MANUFACTURERS
5.1.3 DISTRIBUTION & SALES CHANNELS
5.1.4 END USERS
5.2 PORTER'S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 PRICING ANALYSIS (USD/TON), BY REGION, 2019–2022
5.4 IMPACT OF COVID 19 ON THE GLOBAL CROTONIC ACID MARKET
5.4.1 PRODUCTION SCENARIO
5.4.2 IMPACT ON SUPPLY CHAIN
6 GLOBAL CROTONIC ACID MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 ADHESIVE RESINS
6.3 COATINGS
6.4 PLASTICIZERS
6.5 FUNGICIDES
6.6 OTHERS
7 GLOBAL CROTONIC ACID MARKET, BY END-USE INDUSTRY
7.1 OVERVIEW
7.2 CHEMICAL
7.3 PHARMACEUTICAL
7.4 PAINTS AND COATINGS
7.5 AUTOMOBILES
7.6 PACKAGING
7.7 TEXTILE
7.8 OTHERS
8 GLOBAL CROTONIC ACID MARKET, BY REGION
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 US
8.2.2 CANADA
8.3 EUROPE
8.3.1 GERMANY
8.3.2 RUSSIA
8.3.3 ITALY
8.3.4 FRANCE
8.3.5 SPAIN
8.3.6 UK
8.3.7 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 CHINA
8.4.2 INDIA
8.4.3 JAPAN
8.4.4 AUSTRALIA & NEW ZEALAND
8.4.5 SOUTH KOREA
8.4.6 REST OF ASIA-PACIFIC
8.5 LATIN AMERICA
8.5.1 BRAZIL
8.5.2 MEXICO
8.5.3 ARGENTINA
8.5.4 REST OF LATIN AMERICA
8.6 MIDDLE EAST & AFRICA
8.6.1 TURKEY
8.6.2 SOUTH AFRICA
8.6.3 GCC COUNTRIES
8.6.4 REST OF MIDDLE EAST & AFRICA
9 COMPETITIVE LANDSCAPE
9.1 COMPETITIVE OVERVIEW
9.2 GLOBAL MARKET STRATEGY ANALYSIS
9.3 COMPETITIVE BENCHMARKING
9.4 KEY DEVELOPMENTS
10 COMPANY PROFILES
10.1 TIANJIN JINHUI PHARMACEUTICAL GROUP CO. LTD
10.1.1 COMPANY OVERVIEW
10.1.2 FINANCIAL OVERVIEW
10.1.3 PRODUCTS OFFERED
10.1.4 KEY DEVELOPMENTS
10.1.5 SWOT ANALYSIS
10.1.6 KEY STRATEGIES
10.2 KONO CHEM CO. LTD
10.2.1 COMPANY OVERVIEW
10.2.2 FINANCIAL OVERVIEW
10.2.3 PRODUCTS OFFERED
10.2.4 KEY DEVELOPMENTS
10.2.5 SWOT ANALYSIS
10.2.6 KEY STRATEGIES
10.3 WEYLCHEM INTERNATIONAL GMBH.
10.3.1 COMPANY OVERVIEW
10.3.2 FINANCIAL OVERVIEW
10.3.3 PRODUCTS OFFERED
10.3.4 KEY DEVELOPMENTS
10.3.5 SWOT ANALYSIS
10.3.6 KEY STRATEGIES
10.4 ZHENGZHOU TUOZHIXIANG TRADING CO.LTD
10.4.1 COMPANY OVERVIEW
10.4.2 FINANCIAL OVERVIEW
10.4.3 PRODUCTS OFFERED
10.4.4 KEY DEVELOPMENTS
10.4.5 SWOT ANALYSIS
10.4.6 KEY STRATEGIES
10.5 EUCLID.
10.5.1 COMPANY OVERVIEW
10.5.2 FINANCIAL OVERVIEW
10.5.3 PRODUCTS OFFERED
10.5.4 KEY DEVELOPMENTS
10.5.5 SWOT ANALYSIS
10.5.6 KEY STRATEGIES
10.6 CENTRAL DRUG HOUSE (P) LTD
10.6.1 COMPANY OVERVIEW
10.6.2 FINANCIAL OVERVIEW
10.6.3 PRODUCTS OFFERED
10.6.4 KEY DEVELOPMENTS
10.6.5 SWOT ANALYSIS
10.6.6 KEY STRATEGIES
10.7 HENAN TIANFU CHEMICAL CO. LTD
10.7.1 COMPANY OVERVIEW
10.7.2 FINANCIAL OVERVIEW
10.7.3 PRODUCTS OFFERED
10.7.4 KEY DEVELOPMENT
10.7.5 SWOT ANALYSIS
10.7.6 KEY STRATEGIES
10.8 ALB TECHNOLOGY LIMITED.
10.8.1 COMPANY OVERVIEW
10.8.2 FINANCIAL OVERVIEW
10.8.3 PRODUCTS OFFERED
10.8.4 KEY DEVELOPMENTS
10.8.5 SWOT ANALYSIS
10.8.6 KEY STRATEGIES
10.9 PENTA MANUFACTURING COMPANY
10.9.1 COMPANY OVERVIEW
10.9.2 FINANCIAL OVERVIEW
10.9.3 PRODUCTS OFFERED
10.9.4 KEY DEVELOPMENTS
10.9.5 SWOT ANALYSIS
10.9.6 KEY STRATEGIES
10.10 SPECTRUM CHEMICAL MANUFACTURING CORPORATION.
10.10.1 COMPANY OVERVIEW
10.10.2 FINANCIAL OVERVIEW
10.10.3 PRODUCTS OFFERED
10.10.4 KEY DEVELOPMENTS
10.10.5 SWOT ANALYSIS
10.10.6 KEY STRATEGIES
11 APPENDIX
11.1 REFERENCES
11.2 RELATED REPORTS