The Global Well Casing And Cementing Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.95% from 2018 to 2025. In 2018, the global market valuation was USD 7.12 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A well casing is a lining that is installed in an oil well once it is drilled and surrounds that well entirely. The casing restricts the ground water to its zone underground and prevents the oil contaminants mixing with the water. In well cementing, the cement slurry flows to the bottom of the well through the casing, which will be the pipe through which the hydrocarbons flow to the surface to achieve zonal isolation. Another function of cementing is to achieve a good cement-to-pipe bond. According to the research and analysis, North America is expected to be the dominating region in the market of well casing and cementing.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global well casing and cementing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global optical character recognition market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: on the basis of device type, global well casing and cementing market has been segmented into casing and cementing among which casing segment is expected to be the highest share holding segment in the market of global well casing and cementing.  Casing materials are used according to the nature of the wall.

By Service Type Insights: On the basis of service type , global well casing and cementing market has been segmented into casing pipe, equipment and services, cementing equipment and services and tubing. Out of these commonly used services type is casting and is expected to be the growing industry in the market of well casing and cementing. An outer diameter of 114.3 mm is considered as a threshold point, which causes tubing or casing. Any number smaller than the threshold number will be considered tubing and greater number will be considered as casing.

By Application Insight: On the basis of application type, global well casing and cementing market has been segmented into onshore and offshore segment. According to research conducted, the offshore segment is expected to grow at fastest rate during the forecast period. The onshore casing and cementing offers to drill deep holes under the earth’s surface where as offshore drilling offers to drilling underneath the seabed in order to extract natural resources such as oil and gas from the earth.

Regional Analysis

The global well casing and cementing market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to witness high growth in upcoming time span due to high demand in unconventional energy resources. Technical advancements, government’s focus for providing new oilfield discoveries and cost reduction are some of the key points behind market uplifting in the North America region.US, Canada and Gulf Of Mexico are the key sources in the North America region. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.  

Global Well Casing And Cementing Market Size, Share Analysis By Region 2017

In terms of region Asia Pacific region is expected to witness high growth in the market in upcoming time period. Low cost of raw material and easy availability of labors are key points for boosting market in Asia Pacific region. Europe is anticipated to dominate the global well casing and cementing market over the projected period majorly owing to high market digitization of the offshore oil and gas projects.

Global Well Casing And Cementing Market Study Objective

1. To forecast the market size of global well casing and cementing market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global well casing and cementing market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global well casing and cementing market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global well casing and cementing market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the global well casing and cementing market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Nabors Industries, Frank’s International (Blackhawk Specialty Tools), Innovex Downhole Solutions, and Centek Group,  BHGE, Weatherford, NOV, Tenaris, Vallourec, TMK Group, Trican are some of the key players in the market of well casing and cementing.

Global Well Casing And Cementing Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.