Dublin, July 10, 2019 (GLOBE NEWSWIRE) -- The "Global Oilwell Spacer Fluids Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Increasing active rig count
Oil and gas companies have been increasingly investing in E&P activities to increase their revenues. The recovery of crude oil prices is the major factor which is encouraging oil and gas companies to deploy more drilling rigs.
The increasing number of active rigs in the Middle East, Russia, Europe, and Africa will fuel the demand for oilwell spacer fluids. Thus, the increasing active rig count will fuel the expansion of the oilwell spacer fluids market at a CAGR of over 6% during the forecast period.
Technological advances in cementing
Oilwell cementing plays an important role in oil and gas E&P activities. The cementing operation is important to hold the casing pipe in place to prevent oil and gas fluid leakage migration between subsurface formations. The growing need for oilwell cement has given rise to smart and self-healing cement. Self-healing cement can repair cracks and restore bonds.
Smart cement comes with embedded sensors that can track unwanted changes. Such technological advances in cementing are expected to fuel the growth of the oilwell spacer market during the forecast period.
Market Dynamics
The market report looks at factors such as the benefits of oilwell spacer fluids, exploring unconventional resources, and increasing active rig counts.
However, the volatility of crude oil prices, rising demand for renewable energy sources, and stringent regulations on environmental concerns may hamper the growth of the oilwell spacer fluids industry over the forecast period.
Segments Analyzed
This oilwell spacer fluids market analysis considers the applications of oilwell spacer fluids in both onshore and offshore. The analysis also considers the sales of oilwell spacer fluids in North America, APAC, Europe, MEA, and South America.
In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing investments in onshore oil and gas E&P activities will play a significant role in the onshore segment to maintain its market position.
Competitive Landscape
With the presence of several major players, the global oilwell spacer fluids market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilwell spacer fluids providers that include:
- Baker Hughes, a GE Co. LLC
- Chevron Phillips Chemical Co. LLC
- Croda International PLC
- Halliburton Co.
- Schlumberger Ltd.
Also, the oilwell spacer fluids market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Technological advances in cementing
- Advents in oilwell spacer fluids
- Increasing deepwater and ultra-deepwater drilling
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendor classification
- Market positioning of vendors
- Baker Hughes, a GE Co. LLC
- Chevron Phillips Chemical Co. LLC
- Croda International PLC
- Halliburton Co.
- Schlumberger Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ea7k8a
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