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Well Casing & Cementing Market Report
Well Casing & Cementing Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
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.
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Well Casing & Cementing Market - Snapshot |
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Growth |
5.1% for the next five years |
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Major Product Type |
Casing |
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Dominant Operation Type |
Primary Cementing |
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Major Application Type |
Offshore |
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Region with the highest demand |
North America |
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Key Players |
Halliburton, Schlumberger, BHGE, Weatherford, Tenaris, Vallourec, TMK Group, Trican, Nabors Industries, Frank’s International, Innovex Downhole Solutions, and Centek Group. |
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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.
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.
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.
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.
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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.
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Well Casing & Cementing Market Research Report - Features |
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Market Segmentation |
6 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The well casing & cementing market is segmented into the following categories.
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Some of the major players in the well casing & cementing market are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com.
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, Frank’s 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.
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