Well Casing and Cementing Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Well Casing & Cementing ensures the durability of well casing and allow for greater efficacy. As oil well cementing plays a crucial role in providing zonal isolation and bonding the casing pipe in oil and gas E&P activities. The demand for oil and gas resources has risen dramatically in recent years, accounting for the constantly rising global population that positively influenced the industry outlook.

In addition, recent advancements in hydrocarbon exploration techniques will aid the growth of the market in the coming years. The increasing investment in hydrocarbon drilling, coupled with the exponentially rising demand for oil and gas will constitute an increase in the well-cementing market size in the forthcoming years. Furthermore, technological advancements in well-drilling processes and new oilfield discoveries are factors expected to offer lucrative opportunities for manufacturers operating in the market.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=19895

In addition, recent advancements in hydrocarbon exploration techniques will aid the growth of the market in the coming years. The increasing investment in hydrocarbon drilling, coupled with the exponentially rising demand for oil and gas will constitute an increase in the well-cementing market size in the forthcoming years. Furthermore, technological advancements in well-drilling processes and new oilfield discoveries are factors expected to offer lucrative opportunities for manufacturers operating in the target market.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO). Government across nations implemented lockdown and ban on traveling, the shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain. In addition, energy demand decreased, oil and gas exploration and processing operations were put on a halt which negatively impacted the world economy. Hence, reduced the investment in onshore operations which eventually slumped the market size of well casing and cementing market.

According to UnivDatos Market Insights (UMI)’ research report “Global Well Casing and Cementing Market Analysis 2020”, market is expected to grow at a CAGR of around 5% during the forecast period (2021-2027). Well casing is lining such as hollow steel pipe which is installed in an oil well after drilling to support the well whereas well cementing is the process of using cement between the annular space of well-bore and casing to support vertical and radial loads applied to casing. There are various types of the casing such as conductor casing, intermediate casing, surface casing, production casing, liner, and liner tieback casing.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=19895

Based on type, the well casing & cementing market is bifurcated into casing equipment services and cementing equipment services. The casing equipment services catered to significant demand in the global market. Casing is a series of steel pipes that are run into a drilled oil well to stabilize the well, keep contaminants and water out of the oil stream, and prevent oil from leaching into the groundwater. Furthermore, as casing is performed at multiple levels, making it an expensive procedure. Thus, casing equipment and services category to hold significant market share in the well casing & cementing market.

Based on operation type, the well casing & cementing market is segmented into primary cementing, remedial cementing, and others. The primary cementing segment holds a considerable market share in the well casing & cementing market. As primary cementing is a critical process in the well construction process. The surging oil and gas exploration and processing activities in various developing economies are driving the market size for well casing and cementing.

Based on well type, the well casing & cementing market is bifurcated into the horizontal well and vertical well. The horizontal well segment holds an extensive market share in the well casing & cementing market. Horizontal wells are high-angle wells (with an inclination of generally greater than ~80°) drilled to enhance reservoir performance by placing a long wellbore section within the reservoir. This technique has become increasingly common and productive in recent years.

For More Informative Information, Please Visit Us – https://univdatos.com/report/well-casing-cementing-market/

Based on application, the well casing & cementing market is classified into offshore and onshore. The offshore segment to witness exponential growth during the forecast period. This is primarily driven by the cost reduction and digitalization of the oil & gas offshore projects. This is further expected to create new opportunities in the market during the forecast period. In addition, new oilfield discoveries in offshore regions are expected to increase the drilling operations. Such developments in the offshore are driving the well casing & cementing market. 

Middle East & Africa to witness the highest growth

For a better understanding of the market adoption of fatty alcohol, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), South America (Brazil, Columbia, and Rest of SA), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Middle East & Africa (UAE, Saudi Arabia and Rest of MEA). The Middle East and Africa caters to a significant share in the well casing & cementing market. It is mainly predominant due to the surging investment in oil and gas offshore exploration activities coupled with growing energy consumption in the region is accentuating the market size of well casing and cementing market.

·       In April 2019, Weatherford inaugurated a consolidated facility in Egypt to boost revenues and reduce costs. The new facility is a cost-effective initiative, which is expected to save USD 1.5 million per year.

·       In March 2019, Tenaris acquired IPSCO Tubulars from the TMK Group. This acquisition helped Tenaris expand its product portfolio and enhanced its position and local manufacturing presence in the US market. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Well casing & cementing market are Halliburton, Schlumberger, BHGE, Weatherford, Tenaris, Vallourec, TMK Group, Trican, Nabors Industries, Frank’s International. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global well casing & cementing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

For More Informative Information, Please Visit Us –  https://univdatos.com/report/well-casing-cementing-market/

Market Segmentation:

1.     By Type (Casing Equipment Services (Casing Pipe, Casing Supporting Equipment & Services), and Cementing Equipment Services (Cementing Head, Wiper Plug, Stage Tool, Others)

2.     By Operation Type (Primary Cementing, Remedial Cementing, and Others)

3.     By Well Type (Horizontal Well, Vertical Well)

4.     By Application (Offshore and Onshore)

5.     By Region (North America (United States, Canada, Rest of North America), South America (Brazil, Columbia, and Rest of SA), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Middle East & Africa (UAE, Saudi Arabia, and Rest of MEA)

6.     By Company (Halliburton, Schlumberger, BHGE, Weatherford, Tenaris, Vallourec, TMK Group, Trican, Nabors Industries, Frank’s International).

Key questions answered in the study:

1.     What are the current and future trends of the global well casing & cementing industry?

2.     How the industry has been evolving in terms of type, operation type, well type and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global well casing & cementing industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global well casing & cementing suppliers across various regions and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL WELL CASING & CEMENTING MARKET COVID-19 IMPACT

6 GLOBAL WELL CASING & CEMENTING MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY OPERATION TYPE

9 MARKET INSIGHTS BY WELL TYPE

10 MARKET INSIGHTS BY APPLICATION

11 MARKET INSIGHTS BY REGION

12 WELL CASING & CEMENTING MARKET DYNAMICS

13 WELL CASING & CEMENTING MARKET OPPORTUNITIES

14 WELL CASING & CEMENTING MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

Browse Other Related Research Reports from UnivDatos Market Insights –

·       Offshore Wind Turbine Market to Reach USD 33 Billion by 2027 Globally |CAGR: 11.1%

·       Wind Turbine Operations and Maintenance Market to Reach ~US$ 50 Billion by 2027 Globally |CAGR: 12%

·       Wind Energy Market to Reach ~US$ 287 Billion by 2027 Globally |CAGR: 24.4%

·       Hydraulic Turbines Market to exceed US$ 1.2 Billion by 2027 Globally | CAGR: 2.6%