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Global Well Casing & Cementing Market Size Study & Forecast, by Application (Onshore, Offshore), by Service Type (Casing Equipment & Service, Cementing Equipment & Service), and Regional Forecasts 2025–2035

Publisher Bizwit Research & Consulting
Published Aug 11, 2025
Length 285 Pages
SKU # BIZW20295547

Description

The Global Well Casing & Cementing Market is currently estimated at USD 11.69 billion in 2024 and is expected to expand at a robust CAGR of 6.60% during the forecast period from 2025 to 2035. Well casing and cementing, pivotal components of modern oil and gas drilling operations, play a fundamental role in reinforcing the structural integrity of wells, isolating formation zones, and safeguarding the surrounding environment. As the global demand for hydrocarbons continues to escalate and exploration ventures move into deeper and more complex geologies, the strategic implementation of casing and cementing services has become an operational imperative across upstream activities.

The market growth is fueled by the steady resurgence of drilling activities, driven by recovering crude oil prices and rising investments in offshore and unconventional energy resources. Technological evolution in casing and cementing methods—ranging from advanced cement slurries to automated casing running tools—has transformed efficiency benchmarks across drilling operations. Notably, the deployment of enhanced cementing technologies helps prevent annular gas migration and formation fluid intrusion, thereby optimizing well lifecycle and production sustainability. As drilling contractors and E&P firms double down on precision, reliability, and wellbore safety, the role of high-performance casing and cementing systems becomes increasingly vital.

Regionally, North America dominates the global landscape, underpinned by its mature shale basins, innovative drilling infrastructure, and heavy investments in unconventional oil and gas recovery—especially across the Permian Basin and the Gulf of Mexico. The region benefits from a highly competitive service ecosystem, fostering cost-effective, yet advanced casing and cementing practices. Meanwhile, Asia Pacific is emerging as a formidable growth engine, particularly in countries such as India, China, and Indonesia, where the pressure to meet energy demand is stimulating new exploration projects. In Europe, strict regulatory frameworks on well integrity and environmental safety are further incentivizing the adoption of smart casing and specialty cementing formulations.

Major market player included in this report are:
• Baker Hughes Company
• Schlumberger Limited.
• Halliburton Company
• Chevron Phillips Chemical Company
• BASF SE
• M&D Industries Of Louisiana, Inc.
• Impact Fluid Solutions
• Croda International Plc.
• Trican Well Service Ltd.
• Aubin Group
• Weatherford International plc
• National Oilwell Varco
• Calfrac Well Services
• Superior Energy Services
• Tenaris S.A.

Global Well Casing & Cementing Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Application:
• Onshore
• Offshore

By Service Type:
• Casing Equipment & Service
• Cementing Equipment & Service

By Machine Type:
• Traditional Technologies
• Conventional Casing and Cementing Techniques
• Advanced Technologies
• Automated Casing and Cementing
• Enhanced Cementing Technologies

By Product Type:
• Steel Casing
• Carbon Steel
• Alloy Steel
• Composite Casing
• Fiberglass
• Plastic
• Cement Types

 • Class A

 • Class G

 • Specialty Cements

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Well Casing & Cementing Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings
Chapter 3. Global Well Casing & Cementing Market Forces Analysis
3.1. Market Forces Shaping The Global Well Casing & Cementing Market (2024–2035)
3.2. Drivers
3.2.1. Accelerating upstream oil & gas exploration activities
3.2.2. Rising demand for enhanced well integrity and environmental safety
3.3. Restraints
3.3.1. Volatility in crude oil prices affecting exploration budgets
3.3.2. Increasing preference for renewable energy alternatives
3.4. Opportunities
3.4.1. Advancements in automated casing and cementing technologies
3.4.2. Growth of deepwater and ultra-deepwater drilling projects
Chapter 4. Global Well Casing & Cementing Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024–2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024–2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Well Casing & Cementing Market Size & Forecasts by Application 2025–2035
5.1. Market Overview
5.2. Onshore
5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
5.2.2. Market Size Analysis, by Region, 2025–2035
5.3. Offshore
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
5.3.2. Market Size Analysis, by Region, 2025–2035
Chapter 6. Global Well Casing & Cementing Market Size & Forecasts by Service Type 2025–2035
6.1. Market Overview
6.2. Casing Equipment & Service
6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
6.2.2. Market Size Analysis, by Region, 2025–2035
6.3. Cementing Equipment & Service
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
6.3.2. Market Size Analysis, by Region, 2025–2035
Chapter 7. Global Well Casing & Cementing Market Size & Forecasts by Machine Type 2025–2035
7.1. Market Overview
7.2. Traditional Technologies
7.3. Conventional Casing and Cementing Techniques
7.4. Advanced Technologies
7.5. Automated Casing and Cementing
7.6. Enhanced Cementing Technologies
Chapter 8. Global Well Casing & Cementing Market Size & Forecasts by Product Type 2025–2035
8.1. Market Overview
8.2. Steel Casing
8.3. Carbon Steel
8.4. Alloy Steel
8.5. Composite Casing
8.6. Fiberglass
8.7. Plastic
8.8. Cement Types
8.8.1. Class A
8.8.2. Class G
8.8.3. Specialty Cements
Chapter 9. Global Well Casing & Cementing Market Size & Forecasts by Region 2025–2035
9.1. Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America Well Casing & Cementing Market
9.3.1. U.S.
9.3.1.1. Application Breakdown
9.3.1.2. Service Type Breakdown
9.3.2. Canada
9.3.2.1. Application Breakdown
9.3.2.2. Service Type Breakdown
9.4. Europe Well Casing & Cementing Market
9.4.1. UK
9.4.1.1. Application Breakdown
9.4.1.2. Service Type Breakdown
9.4.2. Germany
9.4.2.1. Application Breakdown
9.4.2.2. Service Type Breakdown
9.4.3. France
9.4.4. Spain
9.4.5. Italy
9.4.6. Rest of Europe
9.5. Asia Pacific Well Casing & Cementing Market
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. Australia
9.5.5. South Korea
9.5.6. Rest of Asia Pacific
9.6. Latin America Well Casing & Cementing Market
9.6.1. Brazil
9.6.2. Mexico
9.7. Middle East and Africa Well Casing & Cementing Market
9.7.1. UAE
9.7.2. Saudi Arabia
9.7.3. South Africa
9.7.4. Rest of Middle East & Africa
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Baker Hughes Company
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Financial Performance (Subject to Data Availability)
10.2.5. Product/Services Port
10.2.6. Recent Development
10.2.7. Market Strategies
10.2.8. SWOT Analysis
10.3. Schlumberger Limited
10.4. Halliburton Company
10.5. Chevron Phillips Chemical Company
10.6. BASF SE
10.7. M&D Industries Of Louisiana, Inc.
10.8. Impact Fluid Solutions
10.9. Croda International Plc.
10.10. Trican Well Service Ltd.
10.11. Aubin Group
10.12. Weatherford International plc
10.13. National Oilwell Varco
10.14. Calfrac Well Services
10.15. Superior Energy Services
10.16. Tenaris S.A.
List of Tables
Table 1. Global Well Casing & Cementing Market, Report Scope
Table 2. Global Well Casing & Cementing Market Estimates & Forecasts by Region 2024–2035
Table 3. Global Market Estimates & Forecasts by Application 2024–2035
Table 4. Global Market Estimates & Forecasts by Service Type 2024–2035
Table 5. Global Market Estimates & Forecasts by Machine Type 2024–2035
Table 6. Global Market Estimates & Forecasts by Product Type 2024–2035
Table 7. U.S. Market Breakdown by Segment, 2024–2035
Table 8. Canada Market Breakdown by Segment, 2024–2035
Table 9. UK Market Breakdown by Segment, 2024–2035
Table 10. Germany Market Breakdown by Segment, 2024–2035
Table 11. France Market Breakdown by Segment, 2024–2035
Table 12. Spain Market Breakdown by Segment, 2024–2035
Table 13. Italy Market Breakdown by Segment, 2024–2035
Table 14. China Market Breakdown by Segment, 2024–2035
Table 15. India Market Breakdown by Segment, 2024–2035
Table 16. Japan Market Breakdown by Segment, 2024–2035
Table 17. Australia Market Breakdown by Segment, 2024–2035
Table 18. South Korea Market Breakdown by Segment, 2024–2035
Table 19. Brazil Market Breakdown by Segment, 2024–2035
Table 20. Mexico Market Breakdown by Segment, 2024–2035
Table 21. UAE Market Breakdown by Segment, 2024–2035
Table 22. Saudi Arabia Market Breakdown by Segment, 2024–2035
Table 23. South Africa Market Breakdown by Segment, 2024–2035
List of Figures
Figure 1. Global Well Casing & Cementing Market, Research Methodology
Figure 2. Global Market Estimation Techniques
Figure 3. Global Market Forecast Models
Figure 4. Key Trends Influencing Market Dynamics 2025
Figure 5. Market Growth Prospects 2024–2035
Figure 6. Porter's Five Forces Analysis
Figure 7. PESTEL Analysis
Figure 8. Global Value Chain Snapshot
Figure 9. Market By Application (Onshore vs Offshore), 2025 & 2035
Figure 10. Market By Service Type (Casing vs Cementing), 2025 & 2035
Figure 11. Market By Machine Type, 2025 & 2035
Figure 12. Market By Product Type, 2025 & 2035
Figure 13. Regional Share – North America, 2025 & 2035
Figure 14. Regional Share – Europe, 2025 & 2035
Figure 15. Regional Share – Asia Pacific, 2025 & 2035
Figure 16. Regional Share – Latin America, 2025 & 2035
Figure 17. Regional Share – Middle East & Africa, 2025 & 2035
Figure 18. Global Competitive Market Share, 2025
Figure 19. Company Strategy Matrix

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