The global rig and oilfield mats market is estimated to be valued US$ 2.1 billion by 2032, with sales growing at a solid 7.3% CAGR between 2022 and 2032. In 2022, the target market is estimated to be valued US$ 1.04 billion, up from US$ 1 billion in 2021. During the projection period, demand for rig and oilfield mats will be driven by rising crude oil prices and increased activity in the oil and gas industry around the world.

Major oil and gas corporations are interested in establishing operations in remote places for exploration, drilling, and production. Contracts for such remote sites are being acquired by oil and gas corporations. Rain and humidity are frequent in several of these outlying areas. Matting solutions are necessary to keep oil and gas operations going in these places since the environment is unsuitable for regular operations. As a result, remote drilling activities are propelling the use of rig and oilfield mats. Many oil and gas companies in the United States, for example, are relocating drilling activities to Alaska and other places, which is predicted to raise global demand for rig and oilfield mats between 2022 and 2032.

Increased sales of composite or engineered mats will very probably contribute significantly to market growth. Again, governments in the United States, Canada, and the European Union have established environmental restrictions, which will aid the spread of composite mats over wood mats. During the projected period, all of these reasons will drive the expansion of the rig and oilfield mats market.

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