Well Cementing Market
Well Cementing Market By product ( High Sulfate Resistant (HSR), Moderate Sulfate Resistant (MSR), Ordinary (Grade O))By cement composition( Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J ) - Global Review 2021 to 2031
Analysis of Well Cementing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global demand for well cementing is expected to expand significantly in 2021, according to a recent Fact.MR analysis.
As the COVID-19-induced slowdown fades, the well cementing business is picking up speed.
The well cementing industry analysis report includes historical data from 2016 to 2020, as well as forecasts for 2021 to 2031.
Key Developments by the Well Cementing Manufacturers
Weatherford's newest Well Services provide complete solutions that bring assets back on track fast and cost-effectively.
They assist in the evaluation, remediation, and rejuvenation of problem wells without the use of a rig as a single point of contact for integrated well services both onshore and offshore.
Low-density cement systems come from the use of modern lightweight pozzolanic aggregates as a partial replacement for cement. In zones where low equivalent circulating densities are required, such methods enable efficient zonal isolation.
At 150 °F and 1500 psi, the newly developed lightweight formulation had good rheological and mechanical properties, with a wait-on-cement duration of roughly 4 h and a 24 h ionic strength of 3116 psi.
Cementing a Ballooning Well in an innovative and unconventional way that leads to good zonal isolation. The successful cementing operation demonstrated that the proposed cementing technique and slurry design worked effectively under cementing atypical good conditions.
This success also showed the importance of job pre-planning and the need to gather all necessary data before starting the real operation. The job technique and design were successfully repeated in succeeding wells with comparable well ballooning conditions.
Well cementing is a process in which water, cement and cement additives are mixed with each other in specific proportion and introduced in annular space present between the casing and well-bore or in space present between two casing strings.
Most commonly, the well cementing process is carried out to permanently offset penetration of water into the well.
However, the well cementing process can be used to seal the gap after casing string has been fixed in wellbore.
Well cementing process plays an important role by preventing the fluid migration in between subsurface formations and by providing protection to fresh groundwater zones.
The global market for well cementing is majorly driven by the need for obtaining a fresh ground water, oil and gas from respective reserves.
Major driving factors stimulating growth of the well cementing market over the forecast period include increasing production and exploration of unconventional reserves, increasing production from offshore reserves and rising count of matured wells.
Due to growing advancements in technologies, it becomes easy to provide well cementing process for both offshore and onshore oil and gas reserves.
The depth of offshore wells are generally higher than that of onshore wells, hence the well cementing process is more complex in case of offshore wells.
Although, with advanced technology, well cementing for offshore wells has become a possibility. Hence, offshore well cementation jobs are comparatively more expensive.
Hence, growth in offshore well cementing process is expected to have a positive impact on the well cementing market.
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The global market for well cementing is segmented into seven regions: North America (USA, Canada), Europe, Middle East and Africa (GCC Countries), East Asia (Japan, South Korea, and China), South Asia (India, Thailand, Malaysia, Indonesia, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America (Brazil, Mexico).
Amongst all regions, Middle East and Africa is estimated to account for a significant market share due to an upsurge in the industrial activities in GCC, such as Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE).
Since 50% of the world’s oil reserves are located here, this region is the most important geographical zone in case of well-cementing market. Following Gulf countries, Russia and USA region account for a significant share of the well cementing market.
The key players of global well-cementing market are as follows
- General Electric Company
- Condor Energy Services Ltd
- Sanjel Corporation
- Viking Services B.V.
- Calfrac Well Services Ltd
- Halliburton Company
- Trican Well Service Ltd.
- Vallourec SA
- Weatherford International PLC
- Schlumberger Limited.
The research report presents a comprehensive assessment of the well cementing market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The well cementing market report provides analysis and information according to market segments such as applications, product outlook and cement compositions.
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Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The well cementing report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The well cementing report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The well cementing report also maps the qualitative impact of various market factors on market segments and geographies.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The well-cementing market is segmented on the basis of product outlook, application and cement composition.
Based on product outlook, the global well-cementing market is segmented as:
- High Sulfate Resistant (HSR)
- Moderate Sulfate Resistant (MSR)
- Ordinary (Grade O)
Based on application, the global well-cementing market is segmented as:
- Offshore Well Cementing
- Oil Well Cementing
- Gas Well Cementing
- Onshore Well Cementing
- Oil Well Cementing
- Gas Well Cementing
- Offshore Well Cementing
Based on cement composition, the global well-cementing market is segmented as:
- Class A
- Class B
- Class C
- Class D
- Class E
- Class F
- Class G
- Class H
- Class J
- FAQs -
The global well cementing market is currently valued at US$ 8 billion.
Onshore well cementing accounts for 50% share of the global market.
The global market for well cementing is majorly driven by the need for obtaining fresh ground water, oil and gas from respective reserves.