Global Oilwell Spacer Fluids Market 2019-2023

Global Oilwell Spacer Fluids Market 2019-2023

Global Oilwell Spacer Fluids Market: About this market

Oilwell spacer fluids is a liquid that is primarily used to separate drilling fluid from cement slurry during cementing operation in an oil and gas well. Technavio’s oilwell spacer fluids market analysis considers the applications of oilwell spacer fluids in both onshore and offshore. Our 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. Our global oilwell spacer fluids 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.

Global oilwell spacer fluids market: Overview

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.

For the detailed list of factors that will drive the global oilwell spacer fluids market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global oilwell spacer fluids 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 oilwell spacer fluids providers, that include Baker Hughes, a GE Co. LLC, Chevron Phillips Chemical Co. LLC, Croda International Plc, Halliburton Co., and 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.


  • Executive summary
  • Scope of the report
    • Preface
    • 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
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • 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 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2018-2023
      • Table Onshore - Market size and forecast 2018-2023 ($ millions)
      • Table Onshore - Year-over-year growth 2019-2023 (%)
    • Offshore - Market size and forecast 2018-2023
      • Table Offshore - Market size and forecast 2018-2023 ($ millions)
      • Table Offshore - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • 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
    • Technological advances in cementing
    • Advents in oilwell spacer fluids
    • Increasing deepwater and ultra-deepwater drilling
  • 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
    • Chevron Phillips Chemical Co. LLC
      • Table Chevron Phillips Chemical Co. LLC - Vendor overview
      • Table Chevron Phillips Chemical Co. LLC - Organizational developments
      • Table Chevron Phillips Chemical Co. LLC - Key offerings
    • Croda International Plc
      • Table Croda International Plc - Vendor overview
      • Table Croda International Plc - Business segments
      • Table Croda International Plc - Organizational developments
      • Table Croda International Plc - Geographic focus
      • Table Croda International Plc - Segment focus
      • Table Croda International Plc - 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
    • 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
  • 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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