Market Highlights: Well casing and cementing is used to stabilize and protects sides of well from caving inside. The gap between the untreated sides of the well and casing is cemented to set the casing permanently. It helps to prevent fluid migration between subsurface formations. Well casing and cementing market is growing owing to increasing drilling operations. Further, technological advancement and the increasing offshore drilling operations driving the demand for well casing and cementing. The market study is being classified by Type (Casing and Cementing), by Application (Onshore and Offshore) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Well Casing & Cementing are Halliburton (United States), Schlumberger (United States), BHGE (United States), Weatherford (United States), NOV (United States), Tenaris (Luxembourg), Vallourec (France), TMK Group (Russia), Trican (Canada) and Nabors Industries (Bermuda).
Major Market Development Highlights 22nd March 2019, Tenaris S.A announced to acquire PAO TMK, manufacturer of steel pipe to expand its local manufacturing presence in the United States market. August 2018, TMK Group, engaged in the tubular products for the oil and gas industry developed UK KATRAN, a quick-assembly high-torque connection used for 20” to 36” (508 mm to 914 mm) casing assemblies. It can be used in all offshore projects at any depth and in the most challenging climatic conditions.
Key Questions Answered in the Report What will the Well Casing & Cementing Market size and the growth rate be in Future? What are the key factors driving the Well Casing & Cementing Market? What are the key market trends and macro-economic impacting the growth of the Well Casing & Cementing Market? What are the challenges to market growth? Who are the key vendors in the Well Casing & Cementing Market? What are the market opportunities and threats faced by the vendors in the Well Casing & Cementing Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Well Casing & Cementing Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Well Casing & Cementing market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Well Casing & Cementing market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Casing Pipe Manufacturers, Casing & Cementing Equipment Manufacturers, Casing & Cementing Service Providers, Service Integrators, Oilfield Operators, Market Research and Consulting Firms, Research Laboratories, Government Agencies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.