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Well Cementing Services Market Report by Type (Primary, Remedial, and Others), Well Type (Oil, Gas, Shale Gas), Application (Onshore, Offshore), and Region 2024-2032

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    Report

  • 142 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5577870
Description Jump to:
The global well cementing services market size reached US$ 9.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2023-2032.

Well cementing is a process wherein cement and casing strings are utilized for creating structural barriers that prevent problems, such as gas leaks and well blowouts. It relies on primary and remedial cementing to inject cement into strategic well locations for various purposes, such as well repairing and abandonment. It is used to seal a lost circulation area in a well with a reduction or absence of flow. In addition, it finds application in directional drilling for blocking an existing well and running a directional well from any location. At present, there is a rise in the demand for well cementing services due to the increasing rehabilitation activities in existing oil and gas fields across the globe.

Well Cementing Services Market Trends:

The growing drilling activities for recovering unconventional hydrocarbons, such as shale and tight gas, to lower natural gas prices, and increase energy security and the availability of energy fuels, represent one of the key factors driving the market. Moreover, rapid technological advancements in well cementing equipment and services to reduce time consumption are propelling the growth of the market. In addition, several oil and gas companies are focusing on constructing new wells to increase the production of oil globally. They are also investing in various onshore projects, which, in turn, is positively influencing the market. Besides this, the rising energy requirements in residential and non-residential sectors around the world are offering lucrative growth opportunities to industry investors. Apart from this, there is an increase in the number of skilled labor in the upstream sector. This, coupled with the rising number of offshore and onshore reserves worldwide, is bolstering the growth of the market.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global well cementing services market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, well type and application.

Breakup by Type:

Primary
Remedial
Others

Breakup by Well Type:

Oil
Gas
Shale Gas

Breakup by Application:

Onshore
Offshore

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Cementing Services Incorporated, Baker Hughes Company, Calfrac Well Services Ltd., China Oilfield Services Limited (China National Offshore Oil Corporation), Gulf Energy SAOC (National Energy Services Reunited), Halliburton Company, Magnum Cementing Services Ltd., Sanjel Energy Services, Schlumberger Limited, Trican Well Service Ltd., Viking Services and Weatherford International PLC.

Key Questions Answered in This Report

1. What was the size of the global well cementing services market in 2023?
2. What is the expected growth rate of the global well cementing services market during 2024-2032?
3. What are the key factors driving the global well cementing services market?
4. What has been the impact of COVID-19 on the global well cementing services market?
5. What is the breakup of the global well cementing services market based on the type?
6. What is the breakup of the global well cementing services market based on the application?
7. What are the key regions in the global well cementing services market?
8. Who are the key players/companies in the global well cementing services market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Well Cementing Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Primary
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Remedial
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Well Type
7.1 Oil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gas
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Shale Gas
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Onshore
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offshore
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Advanced Cementing Services Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Baker Hughes Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Calfrac Well Services Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 China Oilfield Services Limited (China National Offshore Oil Corporation)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Gulf Energy SAOC (National Energy Services Reunited)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Halliburton Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Magnum Cementing Services Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Sanjel Energy Services
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Schlumberger Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Trican Well Service Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Viking Services
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Weatherford International PLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Well Cementing Services Market: Major Drivers and Challenges
Figure 2: Global: Well Cementing Services Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Well Cementing Services Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Well Cementing Services Market: Breakup by Type (in %), 2023
Figure 5: Global: Well Cementing Services Market: Breakup by Well Type (in %), 2023
Figure 6: Global: Well Cementing Services Market: Breakup by Application (in %), 2023
Figure 7: Global: Well Cementing Services Market: Breakup by Region (in %), 2023
Figure 8: Global: Well Cementing Services (Primary) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Well Cementing Services (Primary) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Well Cementing Services (Remedial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Well Cementing Services (Remedial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Well Cementing Services (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Well Cementing Services (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Well Cementing Services (Oil) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Well Cementing Services (Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Well Cementing Services (Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Well Cementing Services (Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Well Cementing Services (Shale Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Well Cementing Services (Shale Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Well Cementing Services (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Well Cementing Services (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Well Cementing Services (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Well Cementing Services (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: United States: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: United States: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Canada: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Canada: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Asia-Pacific: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Asia-Pacific: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: China: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: China: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Japan: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Japan: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: India: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: India: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: South Korea: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: South Korea: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Australia: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Australia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Indonesia: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Indonesia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Others: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Europe: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Europe: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Germany: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Germany: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: France: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: France: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: United Kingdom: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: United Kingdom: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Italy: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Italy: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Spain: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Spain: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Russia: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Russia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Latin America: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Latin America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Brazil: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Brazil: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Mexico: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Mexico: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Middle East and Africa: Well Cementing Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Middle East and Africa: Well Cementing Services Market: Breakup by Country (in %), 2023
Figure 72: Middle East and Africa: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Global: Well Cementing Services Industry: SWOT Analysis
Figure 74: Global: Well Cementing Services Industry: Value Chain Analysis
Figure 75: Global: Well Cementing Services Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Well Cementing Services Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Well Cementing Services Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Well Cementing Services Market Forecast: Breakup by Well Type (in Million US$), 2024-2032
Table 4: Global: Well Cementing Services Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Well Cementing Services Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Well Cementing Services Market: Competitive Structure
Table 7: Global: Well Cementing Services Market: Key Players

Companies Mentioned

  • Advanced Cementing Services Incorporated
  • Baker Hughes Company
  • Calfrac Well Services Ltd.
  • China Oilfield Services Limited (China National Offshore Oil Corporation)
  • Gulf Energy SAOC (National Energy Services Reunited)
  • Halliburton Company
  • Magnum Cementing Services Ltd.
  • Sanjel Energy Services
  • Schlumberger Limited
  • Trican Well Service Ltd.
  • Viking Services
  • Weatherford International PLC.

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 13.6 Billion
Compound Annual Growth Rate4.4%
Regions CoveredGlobal
No. of Companies Mentioned12

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