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The oil and gas swell packers market is expected to rise with a CAGR of more than 1.5% during the forecast period of 2020-2025
Increasing production of oil and gas, along with rapidly growing drilling and completion operations in oil and gas fields, are likely to drive the oil and gas swell packers market. However, the volatile oil prices are expected to slow downstream activities expected to restrain the oil and gas swell packers market.
Due to the increased completion of drilling and workover activities, the onshore segment is likely to dominate the oil and gas swell packers market during the forecast period. In 2019, the increase in natural gas production was about 3.3%, which is likely to drive the market.
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