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Well Casing & Cementing Market, 2024 by Type (Casing, Cementing), Service (Casing Pipe & Cementing Equipment & Services), Operation (Primary, Remedial), Application (Onshore, Offshore), Well

/EIN News/ -- Dublin, June 13, 2019 (GLOBE NEWSWIRE) -- The "Well Casing & Cementing Market by Type (Casing, Cementing), Service (Casing pipe, equipment & services, Cementing equipment & services), Operation (Primary, Remedial), Application (Onshore, Offshore), Well, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.


The well casing & cementing market is estimated to be valued at USD 9.1 billion in 2018 and is projected to reach USD 11.7 billion by 2024, at a CAGR of 5.0%.

The shale developments in North America, Asia Pacific, and South & Central America are a major driver for the well casing & cementing market. Moreover, the stabilized oil prices have encouraged the new drilling activities; onshore and offshore, thus attributing to the growth of the well casing & cementing market.

The major challenge for the players to enter the well casing & cementing business is the variations in the regulations that are described vividly by different governments worldwide. The major equipment & service providers in the well casing & cementing market are Schlumberger, Halliburton, NOV, Weatherford, and BHGE.

The major players in the global well casing & cementing market such as Schlumberger, Halliburton, NOV, Weatherford, and BHGE have comparable strengths in terms of customer bases, diversified products & services portfolios, technological capabilities, and diversified regional presences; they cumulatively hold a significant portion of the total market share.

The existing players have been continuously adopting both organic and inorganic growth strategies to mitigate any decline in their market shares. Contracts & agreements and new product launches are the most widely adopted strategies by these players to ensure their market dominance.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Well Casing & Cementing Market During the Forecast Period
4.2 Well Casing & Cementing Market, By Region
4.3 North American Well Casing & Cementing Market, By Type & Country
4.4 Well Casing & Cementing Market, By Application
4.5 Well Casing & Cementing Market, By Well Type
4.6 Well Casing & Cementing Market, By Operation Type
4.7 Well Casing & Cementing Market, By Type
4.8 Well Casing & Cementing Market, By Equipment & Service Type
4.8.1 Well Casing & Cementing Market, By Casing Equipment & Service Type
4.8.1.1 Casing Equipment & Service Market, By Casing Pipe
4.8.1.2 Casing Equipment & Service Market, By Casing Supporting Equipment & Service
4.8.2 Cementing Market, By Cementing Equipment & Service Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Continuous Shale Developments Likely to Drive the Market
5.2.1.2 Revitalizing Oil Prices Expediting Upstream Investments
5.2.1.3 New Offshore Well Drilling in Europe and Africa
5.2.2 Restraints
5.2.2.1 Decreasing Oil Demand From Europe
5.2.3 Opportunities
5.2.3.1 Technological Advancements in Carrying Out Well Drilling Processes
5.2.3.2 New Oilfield Discoveries Creating Immense Opportunities
5.2.4 Challenges
5.2.4.1 Complying With International Regulations and Standards
5.3 Supply Chain Overview
5.3.1 Key Influencers
5.3.1.1 Casing Pipe Manufacturers
5.3.1.2 Casing & Cementing Equipment Manufacturers
5.3.1.3 Casing & Cementing Service Providers
5.3.1.4 Service Integrators
5.3.1.5 Oilfield Operators

6 Well Casing & Cementing Market, By Type
6.1 Introduction
6.2 Casing
6.2.1 North America to Be the Largest Market for Casing
6.3 Cementing
6.3.1 Cementing Market is Driven By Shale Development in the Americas

7 Well Casing & Cementing Market, By Equipment & Service Type
7.1 Introduction
7.2 Casing Equipment & Services
7.2.1 Casing Pipe
7.2.1.1 Conductor Casing
7.2.1.1.1 North America to Be the Largest Market for Conductor Casing Owing to Development of Shale Reserves
7.2.1.2 Surface Casing
7.2.1.2.1 Increasing Offshore Drilling in Asia Pacific to Provide Lucrative Opportunities to Service Providers
7.2.1.3 Intermediate Casing
7.2.1.3.1 Europe to Be the Second Largest Market for Intermediate Casing
7.2.1.4 Production Casing
7.2.1.4.1 Drilling Activities in Ultra-Deep-Water Reserves to Drive the Production Casing Segment
7.2.1.5 Liner
7.2.1.5.1 Complexity in Carrying Out E&P Activities at Unconventional Reserves Expected to Drive the Liner Segment
7.2.2 Casing Supporting Equipment & Services
7.2.2.1 Float Equipment
7.2.2.1.1 Asia Pacific to Be the Second Largest Market for Float Equipment
7.2.2.2 Casing Collar
7.2.2.2.1 Well Complexity and Developments in Unconventional Reserves Provide Lucrative Opportunities to Casing Collar OEMs
7.2.2.3 Centralizer
7.2.2.3.1 Increase in Horizontal Drilling Drives the Centralizer Market
7.2.2.4 Scratcher
7.2.2.4.1 Increase in Drilling Activities in Unconventional Reserves Drives the Scratcher Market
7.2.2.5 Liner System
7.2.2.5.1 Increase in Offshore Drilling Activities From Unconventional Reserves to Drive the Liner System Market
7.2.2.6 Others
7.3 Cementing Equipment & Services
7.3.1 Cementing Head
7.3.1.1 Increase in Offshore Drilling to Drive the Cementing Head Segment
7.3.2 Wiper Plug
7.3.2.1 North America Dominates the Wiper Plug Segment
7.3.3 Stage Tool
7.3.3.1 Increase in Multi-Stage Cement Jobs to Drive the Stage Tool Market
7.3.4 Others

8 Well Casing & Cementing Market, By Operation Type
8.1 Introduction
8.2 Primary Cementing
8.2.1 Increasing Activities in E&P to Drive the Primary Cementing Market
8.3 Remedial Cementing
8.3.1 Well Complexity at Unconventional Reserves Drives the Remedial Cementing Market
8.4 Others

9 Well Casing & Cementing Market, By Well Type
9.1 Introduction
9.2 Horizontal Well
9.2.1 North America to Dominate Horizontal Drilling Activites
9.3 Vertical Well
9.3.1 Asia Pacific to Lead Vertical Drilling

10 Well Casing & Cementing Market, By Application
10.1 Introduction
10.2 Onshore
10.2.1 Onshore Shale Development in North America to Provide Opportunities for Service Providers
10.3 Offshore
10.3.1 Europe Dominates the Offshore Drilling Activities

11 Well Casing & Cementing Market, By Region

12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping, 2018
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
12.3 Market Share, 2018
12.4 Competitive Scenario
12.4.1 New Product Launches
12.4.2 Contracts & Agreements
12.4.3 Mergers & Acquisitions
12.4.4 Expansions

13 Company Profiles

  • Baker Hughes, A GE Company
  • Centek Group
  • Frank's International (Blackhawk Specialty Tools)
  • Halliburton
  • Innovex Downhole Solutions
  • Nabors Industries Ltd.
  • National Oilwell Varco
  • Schlumberger Limited
  • Tenaris
  • TMK Group
  • Trican Well Service Ltd.
  • Vallourec
  • Weatherford

For more information about this report visit https://www.researchandmarkets.com/r/bgpth3

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