Global Well Cementing Services Market valued approximately USD 21.9 billion in 2017 is anticipated to grow with a healthy growth rate of more than 11.2% over the forecast period 2018-2025. The Well Cementing Services Market is continuously growing in the global scenario at significant pace. Well Cementing is the most important aspect of the well completion process; it plays a critical role in permanently stopping water from penetrating the well. The basic function of Well Cementing Services is to seal the lost circulation zone and areas where there is reduced flow within the wellbore. There are three basic purposes of cementing, namely, zonal isolation and segregation, corrosion control and formation stability, and pipe strength improvement. When these functions are achieved, production and stimulation operations are conducted. Escalating capital expenditure in E&P operations, rising onshore & offshore Drilling Activities and refracting of mature oil & gas wells are the substantial driving factors of the market during the forecast period. Moreover, exploration in arctic oil and gas reserves is the major factor that likely to creating lucrative opportunity in the near future. However, reduction in exploratory drilling and volatile prices of raw materials are the factor that limiting the market growth of Well Cementing Services during the forecast period.
The regional analysis of Global Well Cementing Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to rising drilling activities on deep water & onshore wells and favorable government support across the region. Further, Europe is estimated to grow as stable rate in the global Well Cementing Services market over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rapid growth in gas & oil consumption among end-user industries across the region.
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Major market player included in this report are:
- Halliburton
- Schlumberger Ltd.
- Baker Hughes Inc.
- Trican Well Service Ltd.
- Calfrac Well Service Ltd.
- Sanjel Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
- Primary Cementing
- Remedial Cementing
- Others
By Application:
- Onshore
- Offshore
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year 2016, 2017
- Base year 2018
- Forecast period 2019 to 2026
Target Audience of the Global Well Cementing Services Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
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Some Points from Table of Contents
Chapter 1 Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Million)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2 Global Well Cementing Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3 Global Well Cementing Services Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4 Global Well Cementing Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Key Buying Criteria (On Demand)
4.4. Regulatory Framework (On Demand)
4.5. Investment Vs Adoption Scenario (On Demand)
4.6. Analyst Recommendation & Conclusion
Chapter 5 Global Well Cementing Services Market, by Type
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Key Market Players
5.4. Well Cementing Services Market, Sub Segment Analysis
5.4.1. Primary Cementing
5.4.2. Remedial Cementing
5.4.3. Others
Chapter 6 Global Well Cementing Services Market, by Application
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Key Market Players
6.4. Well Cementing Services Market, Sub Segment Analysis
6.4.1. Onshore
6.4.2. Offshore
Chapter 7 Global Well Cementing Services Market, by Regional Analysis
Chapter 8 Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Halliburton
8.3.2. Schlumberger Ltd.
8.3.3. Baker Hughes Inc.
8.3.4. Trican Well Service Ltd.
8.3.5. Calfrac Well Service Ltd.
8.3.6. Sanjel Corporation
Chapter 9 Research Process
The study objectives of this report are:
- To study and forecast the market size of Global Well Cementing Services in Global market.
- To analyse the Global key players, SWOT analysis, value and Global market share for top players.
- To define, describe and forecast the market by type, end use and region.
- To analyse and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
- To analyze the Global key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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