New Opportunities to Fuel the Expansion of Rig and Oilfield Mats Market by 2025
Rig and Oilfield Mats Market: Overview
Rig and oilfield mats offer a work platform to the workers by enabling the ease in carrying heavy machinery and also helps in creating safe and clean working environment. A rig mat is a portable and temporary platform that is used for supporting the equipment that is used in several applications. It is generally a composite of timber and steel.
Rig and Oilfield Mats Market: Facts
The MegaDeck HD is majorly used in the oil and gas industry. It has extreme compressive load capabilities up to 600 psi. The MegaDeck HD HDPE gives support to the heaviest oil and gas production and exploration equipment and the vehicles over the soft terrain.
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Rig and Oilfield Mats Market: Segmentation
The global market for the rig and oilfield mats is fragmented into its product type and application. Based on the product type, the global market is segregated into cross beam rig mats and laminated rig mats. Based on the application, the market is categorized into construction, wind, highline & utility, helipad, oil & gas, petrochemical, pipeline, and military.
Rig and Oilfield Mats Market: Growth Factors
The major factor that is driving the rig and the oilfield mats market is the increasing activities in the oil and the gas exploration. Owing to the fact that the rig and the oilfield mats provide a stable platform and offer employee safety at the work site propels the demand of the market. The exceptional benefits of the rig and oilfield mats such as high strength, light weight, and cost effectiveness are expected to drive the market positively. There are certain regions where the worksites do not allow the usage of the rig and oilfield mats thus hindering the growth of the market. The installation of the rig and oilfield mats is a high-cost affair thus limiting the growth of the market.
Rig and Oilfield Mats Market: Regional Analysis
In terms of the market growth, Asia Pacific region will be closely followed by the North American region. Both the regions will be experiencing a significant growth in the rig and oilfield mats market owing to the huge expansion of the oil and gas industry and the rapid industrialization. The growth of the construction sector is the factor that attributes the growth of the rig and oilfield mats market in the Western European region. In Latin America, the market is developing at a rapid rate due to the development of the petrochemicals industry and the other related sectors.
Rig and Oilfield Mats Market: Competitive Players
The key market players that are involved in the rig and oilfield mats market include Quality Mat Company, Canada Rig Mats Ltd., Alberta Rig Mats, Structurlam Products LP, Environmental Mats Ltd., Megadeck HD, Portafloor, STRAD Energy Services, Acre Rig Mats & Oilfield Products Inc., MaXXiMaT, and Rig Mats of America Inc.
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Rig and Oilfield Mats Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa