Market Overview:
The global well cementing services market reached a value of US$ 8.30 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.30 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global well cementing services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, well type and application.
Breakup by Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Well Type:
Breakup by Application:
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Well Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global well cementing services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global well cementing services market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the well type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global well cementing services market and who are the key players?
- What is the degree of competition in the industry?
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$), 2016-2021
Figure 3: Global: Well Cementing Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Well Cementing Services Market: Breakup by Type (in %), 2021
Figure 5: Global: Well Cementing Services Market: Breakup by Well Type (in %), 2021
Figure 6: Global: Well Cementing Services Market: Breakup by Application (in %), 2021
Figure 7: Global: Well Cementing Services Market: Breakup by Region (in %), 2021
Figure 8: Global: Well Cementing Services (Primary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Well Cementing Services (Primary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Well Cementing Services (Remedial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Well Cementing Services (Remedial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Well Cementing Services (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Well Cementing Services (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Well Cementing Services (Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Well Cementing Services (Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Well Cementing Services (Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Well Cementing Services (Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Well Cementing Services (Shale Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Well Cementing Services (Shale Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Well Cementing Services (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Well Cementing Services (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Well Cementing Services (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Well Cementing Services (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Well Cementing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Well Cementing Services Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Well Cementing Services Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Well Cementing Services Market Forecast: Breakup by Well Type (in Million US$), 2022-2027
Table 4: Global: Well Cementing Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Well Cementing Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Well Cementing Services Market: Competitive Structure
Table 7: Global: Well Cementing Services Market: Key Players