PUBLISHER: IMARC | PRODUCT CODE: 1298831
PUBLISHER: IMARC | PRODUCT CODE: 1298831
Well Cementing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global well cementing services market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.88% during 2023-2028.
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:
IMARC Group 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 2023-2028. 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 2022?
2. What is the expected growth rate of the global well cementing services market during 2023-2028?
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Advanced Cementing Services Incorporated
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$), 2017-2022
- Figure 3: Global: Well Cementing Services Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Well Cementing Services Market: Breakup by Type (in %), 2022
- Figure 5: Global: Well Cementing Services Market: Breakup by Well Type (in %), 2022
- Figure 6: Global: Well Cementing Services Market: Breakup by Application (in %), 2022
- Figure 7: Global: Well Cementing Services Market: Breakup by Region (in %), 2022
- Figure 8: Global: Well Cementing Services (Primary) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Well Cementing Services (Primary) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Well Cementing Services (Remedial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Well Cementing Services (Remedial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Well Cementing Services (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Well Cementing Services (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Well Cementing Services (Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Well Cementing Services (Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Well Cementing Services (Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Well Cementing Services (Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Well Cementing Services (Shale Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Well Cementing Services (Shale Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Well Cementing Services (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Well Cementing Services (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Well Cementing Services (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Well Cementing Services (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: North America: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: North America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: United States: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: United States: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Canada: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Canada: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Asia-Pacific: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Asia-Pacific: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: China: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: China: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Japan: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Japan: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: India: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: India: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: South Korea: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: South Korea: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Australia: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Australia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Indonesia: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Indonesia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Others: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Europe: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Europe: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Germany: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Germany: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: France: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: France: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United Kingdom: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United Kingdom: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Italy: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Italy: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Spain: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Spain: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Russia: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Russia: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Latin America: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Latin America: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Brazil: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Brazil: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Mexico: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Mexico: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Middle East and Africa: Well Cementing Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Middle East and Africa: Well Cementing Services Market: Breakup by Country (in %), 2022
- Figure 72: Middle East and Africa: Well Cementing Services Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Well Cementing Services Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Well Cementing Services Market Forecast: Breakup by Well Type (in Million US$), 2023-2028
- Table 4: Global: Well Cementing Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Well Cementing Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Well Cementing Services Market: Competitive Structure
- Table 7: Global: Well Cementing Services Market: Key Players
