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Well Casing and Cementing Market by Application and Geography - Forecast and Analysis 2020-2024

Well Casing and Cementing Market by Application and Geography - Forecast and Analysis 2020-2024

Global Well Casing and Cementing Market: About this market

Technavio’s well casing and cementing market analysis considers sales from both onshore and offshore applications. Our study also finds the sales of well casing and cementing in APAC, Europe, MEA, North America, and South America. In 2019, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rise in oil and gas E&P activities, especially in shale reservoirs will play a significant role in the onshore segment to maintain its market position. Also, our global well casing and cementing market report looks at factors such as increasing upstream investment, rise in global demand for oil and gas, and increasing focus on unconventional oil and gas E&P activities. However, change in energy mix, environmental concerns related to drilling, and fluctuations in global crude oil prices may hamper the growth of the well casing and cementing industry over the forecast period.

Global Well Casing and Cementing Market: Overview

Increasing focus on unconventional oil and gas E&P activities

Unconventional hydrocarbon resources are found in reservoirs, including shale formations, oil sands, and coal seams. Given the significant potential offered by unconventional oil and gas E&P activities, governments across the advanced economies including the US and Europe are focusing on the production of shale oil and gas. Furthermore, governments are providing federal funding for cost-shared research and development in advanced technologies for recovering unconventional oil and gas. These R&D activities are further helping in improving the recovery efficiency of emerging unconventional oil and gas reservoirs, in turn, playing a critical role in maximizing energy production in the US. Thus, with rising focus on unconventional oil and gas E&P activities will lead to the expansion of the global well casing and cementing market at a CAGR of over 5% during the forecast period.

Increasing focus on unconventional oil and gas E&P activities

Oil well cementing plays a crucial role in providing zonal isolation and bonding the casing pipe in oil and gas E&P activities. This has encouraged vendors in the market to develop smart cement for reducing operational costs and simultaneously creating a safe working environment for workers in the oil and gas field. Companies in the market are also focusing on offering self-healing cement systems to provide a durable cement bond, allow long-term zonal isolation, and provide reliable cement sheath repair for preserving the integrity of oil and gas wells. Thus, these technological advances in cementing are anticipated to enhance the efficiency of cementing operations and create a strong bond, in turn, propelling the demand for well casing and cementing during the forecast period.

For the detailed list of factors that will drive the global well casing and cementing market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global well casing and cementing market is moderately fragmented. Technavio’s 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 well casing and cementing manufacturers, that include Baker Hughes, a GE Co. LLC, China Oilfield Services Ltd., Frank's International NV, Halliburton Co., Nabors Industries Ltd., PAO TMK, Schlumberger Ltd., Tenaris SA, Vallourec SA, and Weatherford International Plc.

Also, the well casing and cementing 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.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor- Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2019-2024
      • Table Onshore - Market size and forecast 2019-2024 ($ millions)
      • Table Onshore - Year-over-year growth 2020-2024 (%)
    • Offshore - Market size and forecast 2019-2024
      • Table Offshore - Market size and forecast 2019-2024 ($ millions)
      • Table Offshore - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rise in deepwater and ultra-deepwater E&P activities
    • Technological advances in cementing
    • Declining prices of raw materials for casing equipment
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Baker Hughes, a GE Co. LLC
      • Table Baker Hughes, a GE Co. LLC - Vendor overview
      • Table Baker Hughes, a GE Co. LLC - Business segments
      • Table Baker Hughes, a GE Co. LLC - Organizational developments
      • Table Baker Hughes, a GE Co. LLC - Geographic focus
      • Table Baker Hughes, a GE Co. LLC - Segment focus
      • Table Baker Hughes, a GE Co. LLC - Key offerings
    • China Oilfield Services Ltd.
      • Table China Oilfield Services Ltd. - Vendor overview
      • Table China Oilfield Services Ltd. - Business segments
      • Table China Oilfield Services Ltd. - Geographic focus
      • Table China Oilfield Services Ltd. - Segment focus
      • Table China Oilfield Services Ltd. - Key offerings
    • Frank's International NV
      • Table Frank's International NV - Vendor overview
      • Table Frank's International NV - Business segments
      • Table Frank's International NV - Organizational developments
      • Table Frank's International NV - Geographic focus
      • Table Frank's International NV - Segment focus
      • Table Frank's International NV - Key offerings
    • Halliburton Co.
      • Table Halliburton Co. - Vendor overview
      • Table Halliburton Co. - Business segments
      • Table Halliburton Co. - Organizational developments
      • Table Halliburton Co. - Geographic focus
      • Table Halliburton Co. - Segment focus
      • Table Halliburton Co. - Key offerings
    • Nabors Industries Ltd.
      • Table Nabors Industries Ltd. - Vendor overview
      • Table Nabors Industries Ltd. - Business segments
      • Table Nabors Industries Ltd. - Organizational developments
      • Table Nabors Industries Ltd. - Geographic focus
      • Table Nabors Industries Ltd. - Segment focus
      • Table Nabors Industries Ltd. - Key offerings
    • PAO TMK
      • Table PAO TMK - Vendor overview
      • Table PAO TMK - Business segments
      • Table PAO TMK - Organizational developments
      • Table PAO TMK - Segment focus
      • Table PAO TMK - Key offerings
    • Schlumberger Ltd.
      • Table Schlumberger Ltd. - Vendor overview
      • Table Schlumberger Ltd. - Business segments
      • Table Schlumberger Ltd. - Organizational developments
      • Table Schlumberger Ltd. - Geographic focus
      • Table Schlumberger Ltd. - Segment focus
      • Table Schlumberger Ltd. - Key offerings
    • Tenaris SA
      • Table Tenaris SA - Vendor overview
      • Table Tenaris SA - Business segments
      • Table Tenaris SA - Organizational developments
      • Table Tenaris SA - Geographic focus
      • Table Tenaris SA - Segment focus
      • Table Tenaris SA - Key offerings
    • Vallourec SA
      • Table Vallourec SA - Vendor overview
      • Table Vallourec SA - Business segments
      • Table Vallourec SA - Organizational developments
      • Table Vallourec SA - Geographic focus
      • Table Vallourec SA - Segment focus
      • Table Vallourec SA - Key offerings
    • Weatherford International Plc
      • Table Weatherford International Plc - Vendor overview
      • Table Weatherford International Plc - Business segments
      • Table Weatherford International Plc - Organizational developments
      • Table Weatherford International Plc - Segment focus
      • Table Weatherford International Plc - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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