
Well Casing & Cementing Market
Well Casing & Cementing Market Global Industry Assessment & Forecast
Segments Covered
By Type Casing, Cementing
By Service Type Casing Equipment & Services, Cementing equipment & services
By Operation Type Primary Cementing, Remedial Cementing, Others
By Onshore, Offshore
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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9.6 Billion |
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16.25 Billion |
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6.8 |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Well Casing & Cementing market was valued at USD 9.6 Billion in 2020 and is projected to reach USD 16.25 Billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028.

Years | Parameters |
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Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2028 |
Annual Market Size (2028) | 16.25 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 6.8% |
Overview and Description
Well Casing is a pipe with a large diameter that is assembled, inserted and cemented into a section of a recently drilled wellbore. It is designed in such a way that it can withstand various forces like burst, collapse and tensile failure, and chemically-excessive brines as well. With this Well cementing is the process of introducing cement to the annular space between the well-bore and casing or to the annular space between two successive casing strings.
The global Well Casing & Cementing market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Industry Insights
The continuous increase in shale developments and new offshore well drilling in economies like Europe and Africa is expected to augment the growth of the market during the forecast period.
The revitalizing oil prices expediting upstream investments is further expected to support the growth of the market in the years to come.
The high initial costs of raw materials is expected to hamper the growth of the market in the near future.
Global Well Casing & Cementing Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Type, Service Type, Operation Type |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Tenaris, Frank’s International, Vallourec, NOV, Weatherford, TMK Group, Innovex Downhole Solutions, Trican, Centek Group, Nabors Industries, Halliburton, BHGE, Schlumberger. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Global Well Casing & Cementing Market: Type Segment Analysis
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- Casing
- Cementing
Global Well Casing & Cementing Market: Service Type Segment Analysis
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- Casing Equipment & Services
- Cementing equipment & services
Regional Analysis: Preview
Based on region, the global Well Casing & Cementing market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Well Casing & Cementing market are Tenaris, Frank’s International, Vallourec, NOV, Weatherford, TMK Group, Innovex Downhole Solutions, Trican, Centek Group, Nabors Industries, Halliburton, BHGE, Schlumberger.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Well Casing & Cementing Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Well Casing & Cementing Market
- Global Well Casing & Cementing Market is projected to reach USD 16.25 Billion by 2028
- North America held the highest share of the Well Casing & Cementing market
- Well Casing held the largest share of the product segment in the Well Casing & Cementing market
- Casing Equipment & Services held the major share of the application segment in the Well Casing & Cementing market
FAQ
Frequently Asked Question
What is the global demand for Well Casing & Cementing in terms of revenue?
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The global Well Casing & Cementing valued at 9.6 Billion in 2020 and is expected to reach 16.25 Billion in 2028 growing at a CAGR of 6.8%.
Which are the prominent players in the market?
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The prominent players in the market are Tenaris, Frank’s International, Vallourec, NOV, Weatherford, TMK Group, Innovex Downhole Solutions, Trican, Centek Group, Nabors Industries, Halliburton, BHGE, Schlumberger..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Well Casing & Cementing include
- The continuous increase in shale developments and new offshore well drilling in economies like Europe and Africa is expected to augment the growth of the market during the forecast period.
- The revitalizing oil prices expediting upstream investments is further expected to support the growth of the market in the years to come.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Well Casing & Cementing in 2020.