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    Well Casing & Cementing Market Report

    Well Casing & Cementing Market Report
    Report code - SROG145 Delivery - 2 Weeks
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    Well Casing & Cementing Market Size, Share, Trend, Forecast, & Industry Analysis & See more...

    Impact of COVID-19 on Well Casing & Cementing Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Well Casing & Cementing Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Well Casing & Cementing Market is likely to witness an impressive CAGR of 5.1% during the forecast period. The key driver fueling the growth of the market is the surge in drilling operations, which has snowballed the demand for well casing & cementing, globally.

    Well Casing & Cementing Market - Snapshot

    Growth

    5.1% for the next five years

    Major Product Type

    Casing

    Dominant Operation Type

    Primary Cementing

    Major Application Type

    Offshore

    Region with the highest demand

    North America

    Key Players

    Halliburton, Schlumberger, BHGE, Weatherford, Tenaris, Vallourec, TMK Group, Trican, Nabors Industries, Frank’s International, Innovex Downhole Solutions, and Centek Group.

    Segment Analysis

    Well-Casing-&-Cementing-Market-Dominant-Segments

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    Well Casing & Cementing Market Share: By Product Type

    Based on the product type, the well casing & cementing market is segmented as casing and cementing. The well casing segment is estimated to govern the market during the forecast period. The growth of the segment is attributed to its usefulness in providing support to wells as the raw sides of a well would, otherwise, collapse without the support of well casings. On the other hand, the cementing segment is likely to grow at a faster pace during the forecasted period.

    Well Casing & Cementing Market Share: By Application Type

    Based on the application type, the market is segmented as offshore and onshore. The onshore segment is estimated to dominate the market during the forecast period, whereas the offshore segment is likely to register a faster growth due to reduction in operational cost and digitalization of various oil & gas projects.

    Well Casing & Cementing Market Share: By Operation Type

    Based on the operation type, the market is segmented as primary cementing, remedial cementing, and others. The primary cementing segment is expected to lead the market during forecast period and is also estimated to grow at the fastest pace. The major factor for the growth of this segment is that primary cementing is widely accepted and it provides the required strength to the well.

    Well Casing & Cementing Market Share: By Region

    In terms of regions, North America is estimated to lead the well casing & cementing market during the forecast period. The market is driven by the growth in unconventional resources in the US and Canada and increase in demand from the onshore & offshore fields, particularly in the Gulf of Mexico, as it is one of the major sources of conventional oil & gas in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Well-Casing-&-Cementing-Market-By-Region

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    Market Scope & Segmentation

    Well Casing is a process in which the pipe is designed to hold various forces during the transfer of fluids and it is inserted and cemented into a section of a recently drilled wellbore. Apart from protecting against fresh water formation it isolates zones of lost returns with different pressure gradients. It’s a large diameter pipe which is inserted while a running pipe operates into a borehole and is held in place with cement.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Well Casing & Cementing Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The well casing & cementing market is segmented into the following categories. 

    Well Casing & Cementing Market Size, Share, & Forecast, by Product Type:

    • Casing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cementing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Casing & Cementing Market Size, Share, & Forecast, by Application Type:

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Casing & Cementing Market Size, Share, & Forecast, by Equipment & Service Type:

    • Casing Equipment & Services
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Equipment & Service Type Analysis: Casing Pipe and Casing Supporting Equipment & Services)
    • Cementing Equipment & Services
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Equipment & Service Type Analysis: Cementing Head, Wiper Plug, Stage Tool, and Others)

    Well Casing & Cementing Market Size, Share, & Forecast, by Well Type:

    • Horizontal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Casing & Cementing Market Size, Share, & Forecast, by Operation Type:

    • Primary Cementing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Remedial Cementing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Casing & Cementing Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Well-Casing-&-Cementing-Market-Segmentation

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    Key Players

    Some of the major players in the well casing & cementing market are-

    • Halliburton
    • Schlumberger
    • BHGE
    • Weatherford
    • Tenaris
    • Vallourec
    • TMK Group
    • Trican
    • Nabors Industries
    • Frank’s International
    • Innovex Downhole Solutions
    • Centek Group.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by product type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The well casing & cementing market is expected to witness an impressive growth of 5.1% CAGR in the foreseeable future.

    Halliburton, Schlumberger, BHGE, Weatherford, Tenaris, Vallourec, TMK Group, Trican, Nabors Industries, Franks International, Innovex Downhole Solutions, and Centek Group are among the key players in the well casing & cementing market.

    North America is expected to lead the well casing & cementing market during the forecast period.

    The onshore application segment is expected to dominate the well casing & cementing market in the coming years.

    The well casing segment is expected to govern the well casing & cementing market during the next five years.

    The key driver driving the growth of the well casing & cementing market is the surge in drilling operations, which has snowballed the demand for well casing & cementing, globally.

    •