Pune, Jan. 10, 2020 (GLOBE NEWSWIRE) -- The global well cementing market size is projected to reach USD 16.63 billion by 2026. Recent advancements in hydrocarbon exploration activities will emerge in favour of market growth. According to a report published by Fortune Business Insights, titled “Well Cementing Market Size, Share & Industry Analysis, By Type (Primary Cementing and Remedial Cementing), By Application (Onshore and Offshore), and Regional Forecast, 2019-2026,” the market was worth USD 8.82 billion in 2018. Driven by increasing investment in product R&D, the market will exhibit a CAGR of 8.3% during the forecast period, 2019-2026.

Well cementing ensures the durability of well casing and allows for greater efficacy. The demand for oil and gas resources has risen dramatically in recent years, accounting to the constantly rising global population. Recent advancements in hydrocarbon exploration techniques will aid the growth of the market in the coming years. The increasing investment in hydrocarbon drilling, coupled with the exponentially rising demand for oil and gas will constitute an increase in the well cementing market size in the forthcoming years. The adoption of standout business strategies aimed at the maximizing the use of hydrocarbons will open up a huge potential for the companies operating in this market.


To gain more insights into the market with detailed table of content and figures,

click here: https://www.fortunebusinessinsights.com/industry-reports/well-cementing-market-101932


The report provides an in-depth analysis of the global well cementing market. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The report provides forecast values for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.

Increasing Number of Company Collaborations to Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, company collaborations have made the highest impact on the growth of the market. Many leading companies are looking to adopt newer strategies with a view to establishing a stronghold in the market. In July 2019, Halliburton and Kuwait Oil Company announced a collaboration for the offshore drilling service of six high-pressure high temperature exploration wells in the Arabian Gulf. This activity will not only help the company generate a substantial market revenue, but will also have a direct impact on the growth of the global market.


Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/well-cementing-market-101932


North America to Emerge Dominant, Emphasis on Hydrocarbon Exploration to Aid Growth

The report analyses the ongoing well cementing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America will emerge dominant in countries such as the US and Canada will aid the growth of the market in this region. Additionally, the efforts taken to enhance hydrocarbon exploration and use will benefit the companies operating in the regional market. As of 2018, the market in North America was worth USD 3.83 billion and this value is likely to increase further in the coming years. Besides North America, Asia Pacific will witness considerable growth in the coming years, owing to the massive potential held by companies.

List of the leading companies operating in the well cementing market include:

  • Halliburton
  • COSL - China Oilfield Services Limited
  • Baker Hughes
  • C&J Energy Services
  • Trican Well Service Ltd.
  • Superior Energy Services
  • Weatherford
  • Calfrac Well Services Ltd.
  • Allied Oil & Gas Services
  • Sanjel Energy Services
  • Gulf Energy SAOC
  • Schlumberger


Key Industry Developments:

In August 2019, Halliburton secured a contract from Woodside Energy (Senegal) BV for drilling, completion, and testing services.


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/well-cementing-market-101932


Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Industry SWOT Analysis
    • Porters Five Forces Analysis
  • Global Well Cementing Market Analysis (USD Billion), Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Primary Cementing
      • Remedial Cementing
    • Market Analysis, Insights and Forecast – By Application
      • Onshore
      • Offshore
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East and Africa

Continued..!!!


Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/well-cementing-market-101932


(Have a Look at Reports Trending in 
Energy & Power Industry)


Browse Related Reports:

Well Intervention Market  Size, Share and Global Trend By Type (Light Intervention, Medium Intervention, Heavy Intervention), Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, RE-Perforation), Application (Onshore, Offshore) and Geography Forecast till 2026

Oilfield Service Market  Size, Share and Global Trend by Service (Seismic Service, Drilling Service, Completion & Workover Service Production Service, Processing & Separation Service, Others), By Application (Onshore, Offshore), and Geography Forecast till 2026

Wireline Services Market  Size, Share and Global Trend By Type (Electric line, Slick line), By Well Type (OpenHole, CasedHole), By Application (Wireline Logging, Wireline Intervention, Wireline Completion), By Location (Onshore, Offshore), and Geography Forecast till 2026

Directional Drilling Services Market  Size, Share and Industry Analysis by Location (Onshore, Offshore), By Type (Conventional, Rotary Steerable Systems (RSS)), By Service (Measurement While Drilling (MWD), Logging While Drilling (LWD), Rotary Steerable Systems (RSS), Mud Motors, Others) and Geography Forecast, 2019 - 2026

Oil Country Tubular Goods (OCTG) Market Size, Share & Industry Analysis, By Process (Seamless and Welded), By Product (Well Casing, Production Tubing, Drill Pipe, and Others), By Application (Onshore and Offshore) Regional Forecast, 2019-2026

Logging While Drilling (LWD) Market Size, Share & Industry Analysis, By Application (Onshore, Offshore {Shallow Water, Deepwater, Ultra-Deepwater}), and Regional Forecast, 2019-2026

Coiled Tubing Services Market Size, Share & Industry Analysis, By Service (Well Intervention {Well Completion, Well Cleaning}, Drilling), By Application (Onshore and Offshore), and Regional Forecast, 2019-2026

Digital Oilfield Market Size, Share & Industry Analysis, By Process (Production Optimization, Reservoir Optimization, Drilling Optimization, Others), By Solution (Services, Software, Hardware), By Application (Onshore, Offshore), and Regional Forecast, 2019-2026

Hydraulic Fracturing Market Size, Share & Industry Analysis, By Well Type (Horizontal, and Vertical), By Technology (Plug & Perf, and Sliding Sleeve), and By Application (Onshore, and Offshore), Regional Forecast, 2019-2026

Oil and Gas Drill Bit Market Size, Share & Industry Analysis, By Type (Roller Cone Bits {Milled Tooth, Tungsten Carbide Inserts}, Fixed Cutter Bits {Polycrystalline Diamond Compact, Diamond Impregnated}), By Application (Onshore, Offshore), and Regional Forecast, 2019-2026

Carbon Capture and Sequestration Market Size, Share and Industry Analysis By End-Use (Enhanced Oil Recovery (EOR), Dedicated Storage), By Source (Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, Others) and Regional Forecast, 2019-2026

Aviation Fuel Market Size, Share and Industry Analysis By Fuel (Jet Fuel (Aviation Turbine Fuel), Avgas, Bio Jet Fuel), By End User (Commercial, Private, Military) And Regional Forecast 2019-2026

Artificial Lift System Market Size, Share and Industry Analysis By Type (Electric Submersible Pump (ESP), Sucker Rod Pump (SRP), Progressive Cavity Pump (PCP), Gas Lift, Others), By Application (Onshore, Offshore) and Regional Forecast, 2019-2026


About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press Release- https://www.fortunebusinessinsights.com/press-release/well-cementing-market-9494