(MENAFN- GetNews) Well Cementing Market Research Report: Information by Type (Primary, Remedial, and Others), By Well Type (Onshore and Offshore), and by Region (North America, Europe, Asia Pacific, Middle East and Africa) – Forecast till 2023
Global well cementing market is estimated to be valued at ~USD 872 million by 2023 with a CAGR of approx. ~4.50%. Well cementing is the process of filling the cement in the spaces of well bore. It is one of the most important aspects of the drilling activity and its completion process. Cementing holds the well, preventing the slurry from coming out of the walls. The main function of well cementing is to seal the inner line of the well, control corrosion, and provide uniformity and strength to pipes. Proper cementing of the well avoids accidents. For cementing of wells, following procedures needs to be done which include proper laboratory testing of slurry amount of water present in slurry and other dry mixtures.
From 2016, the oil and gas upstream sector has ramped up. Exploration and production activities are increasing for fulfilment of demands of the various developing countries. However, the market is still recovering from crude oil price variation. the market for well cementing is estimated to progress with a CAGR of approx. 4.5% during the forecast period, which indicates a decent response for the market.
The key drivers of well cementing market are technological advancements in tools, innovation in technology to reduce the time consumption, exploration in unconventional resources, skilled labor in upstream sector, mature oil and gas field and increment in ultra-deep exploration activities.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1074
Key Players
Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Incorporated (U.S.), Trican Well Service Ltd. (Canada), Weatherford (U.S.), Nabors Industries Ltd (Bermuda), China Oilfield Services Limited (China), Transocean Ltd. (Switzerland), Valluorec (France), Tmk (Russia), AES Precast Co Inc, Inc. (U.S.), GOES GmbH (Germany), GE Oil & Gas (U.S.)
Industry Segmentation:
Based on the type, the global well cementing market is bifurcated into Primary, Remedial and others.
Based on the well type, the global well cementing market is segmented on the basis of onshore and offshore.
Geographically, the global well cementing market has been segmented into four major regions, such as North America, Europe, Asia Pacific, and Middle East & Africa.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continue…
List Of Tables
Table 1 Global Well Cementing Market: By Region, 2018-2023
Table 2 North America Well Cementing Market: By Country, 2018-2023
Table 3 Europe Well Cementing Market: By Country, 2018-2023
Table 4 Asia Pacific Well Cementing Market: By Country, 2018-2023
Table 5 RoW Well Cementing Market: By Country, 2018-2023
Continue…
Browse Full Well Cementing Market Research Report at: https://www.marketresearchfuture.com/reports/well-cementing-market-1074
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/well-cementing-market-1074
MENAFN2304201900703268ID1098428978
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.