The Well Cementing Services Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving growth of the Well Cementing Services Market includes increasing focus of oil and gas companies on constructing new wells to enhance their productivity, rise in the number of offshore and onshore reserves, new discoveries in the shale industry, growing demand for energy and improvements in the living standards. Well cementing services protect the casing from corrosion, retains irregular pore pressure, offers resistance to cement from chemical deterioration, and removes unwanted sub-surface fluids, are some of the features pushing the Well Cementing Services Market size. Moreover, growing adoption of advanced technologies by manufacturers, set standards specified by governing bodies, rise in the launch of new services and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between key industry players, rising disposable incomes and growing population growth rates, are some of the factors contributing towards the market growth.

However, growth of the Well Cementing Services Market is hindered attributed to strict environmental regulations imposed by Governments.

The major players operating in the Well Cementing Services Market are Sanjel Energy Services, Condor Energy, Trican Well Service Ltd., Calfrac Well Services Ltd., Halliburton, Nabors Industries Ltd., Gulf Energy SAOC, Baker Hughes Company, Schlumberger Limited, and China Oilfield Services Limited, among other.

Based on Type, the Primary Cementing segment is predicted to grow at a significant CAGR during the forecast period

Increase in the number of subsea construction activities across the globe, is pushing growth of the segment.

Based on Application, the Offshore Cementing segment is projected to expand at a remarkable CAGR over the forecast period

Growing consumption of oil and gas and rise in the number of well operators in the offshore field regions, are propelling segment’s growth. 

Based on Region, the Asia-Pacific region is expected to capture the greatest market share during the forecast period

Growing consumption of oil and gas across India, China, and Indonesia, increasing energy needs, rising adoption of advanced technologies by major companies, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region. 

Key Developments

• In 2020, Sanjel Energy Services, signed an agreement with Schlumberger Limited to provide Schlumberger cementing technologies to Sanjel Energy Services in Canada onshore. This agreement is expected to enhance the primary and remedial cementing portfolio of Sanjel Energy Services.

Market Segmentation

Segmentation by Type

• Primary Cementing

• Remedial Cementing

• Other Cementing

Segmentation by Application

• Onshore Cementing

• Offshore Cementing

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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