Well Cementing Services Market Size, Share & Trends Analysis By Type (Primary, Remedial), By Well Type (Oil, Gas, Shale Gas), By Deployment (Onshore, Offshore), By Region, And Segment Forecasts, 2024

Description

Well Cementing Services Market Growth & Trends:

The global well cementing services market is expected to reach USD 11.6 billion by 2030. The market is projected to grow at a CAGR of 4.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising drilling activities to recover unconventional hydrocarbons such as shale and tight gas coupled with rehabilitation activities in existing oil & gas fields is expected to remain a key driving factor for the global market.

A large number of unexplored reserves particularly in Brazil, Russia, and China, coupled with technological advancements in well cementing equipment and services provided by oil service providers is projected to have a positive impact on the market growth in the near future. Stringent environmental regulations coupled with low crude oil prices are expected to hinder market growth over the next eight years. Low crude oil prices are anticipated to support stronger economic growth, but it may hamper growth among energy-producing states.

Primary cementing was the leading service segment and accounted for over 75% of total market revenue in 2015. It is estimated to remain the largest segment over the next eight years owing to rising E&P to exploit unconventional hydrocarbon reserves. Remedial cementing is anticipated to emerge as the fastest-growing well cementing service market over the forecast period owing to increasing rehabilitation of oil & gas wells in both onshore and offshore activities.

Well Cementing Services Market Report Highlights:

The primary type dominated the market with a global revenue share of 77.7% in 2023 and is projected to continue its dominance from 2024 to 2030.
The well cementing services market in North America secured 41.1% of the global revenue share in 2023. The development of untapped hydrocarbon reserves was a major driving force.
The Asia Pacific well cementing services market was significantly augmented owing to the strong growth in cement consumption, partially due to the reopening of the Chinese economy.
The global industry is dominated by various integrated players present across the value chain. Key companies operating in the well cementing service market include Schlumberger Ltd., Baker Hughes Inc., Halliburton, Weatherford & Gulf Energy Llc., and Calfrac Well Services Ltd.

Product Code: 978-1-68038-948-7

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Well Cementing Services Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Well Cementing Services Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Well Cementing Services Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Well Cementing Services Market: Type Analysis, USD Million,2023 & 2030
4.3. Primary
- 4.3.1. Primary Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Remedial
- 4.4.1. Remedial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Well Cementing Services Market: Well Type Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Well Cementing Services Market: Well Type Movement Analysis, USD Million,2023 & 2030
5.3. Oil
- 5.3.1. Oil Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Gas
- 5.4.1. Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Shale Gas
- 5.5.1. Shale Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Well Cementing Services Market: Deployment Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Well Cementing Services Market: Deployment Movement Analysis, USD Million,2023 & 2030
6.3. Onshore
- 6.3.1. Onshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Offshore
- 6.4.1. Offshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Well Cementing Services Market: Regional Estimates & Trend Analysis

7.1. Well Cementing Services Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
- 7.2.1. North America Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Artificial Intelligence Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
  - 7.3.2.1. U.K. Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5 Italy
  - 7.3.5.1 Italy Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4 Asia Pacific
- 7.4.1. Asia Pacific Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. China Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
  - 7.4.3.1. Japan Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
  - 7.4.5.1. South Korea Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
  - 7.4.6.1. Australia Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Indonesia
  - 7.4.7.1. Indonesia Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8. Malaysia
  - 7.4.8.1. Malaysia Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9. Thailand
  - 7.4.9.1. Thailand Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Venezuela
  - 7.5.3.1. Venezuela Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.4. MEA
  - 7.5.4.1. Saudi Arabia
    - 7.5.4.1.1. Saudi Arabia Well Cementing Services Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.5. UAE
  - 7.5.5.1. UAE Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.6. South Africa
  - 7.5.6.1. South Africa Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.7. Kuwait
  - 7.5.7.1. Kuwait Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.8. Oman
  - 7.5.8.1. Oman Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.9. Qatar
  - 7.5.9.1. Qatar Well Cementing Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Advanced Cementing Services Incorporated
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Baker Hughes Company
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Calfrac Well Services Ltd.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. China Oilfield Services Limited
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Gulf Energy SAOC
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Halliburton Company
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Magnum Cementing Services Ltd
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Sanjel Energy Services
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Schlumberger Limited
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Trican Well Service Ltd.
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives

Well Cementing Services Market Size, Share & Trends Analysis By Type (Primary, Remedial), By Well Type (Oil, Gas, Shale Gas), By Deployment (Onshore, Offshore), By Region, And Segment Forecasts, 2024 - 2030