The Well Cementing Services Global Market Report 2023, provides comprehensive information on the well cementing services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global well cementing services market size is expected to grow from $9.47 billion in 2022 to $10.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The well cementing services market is expected to grow to $13.30 billion in 2027 at a CAGR of 6.8%.
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Product innovation is a key trend gaining popularity in the well-cementing services market. Major companies operating in the well-cementing services market are developing innovative products to strengthen their position in the market. For instance, in September 2021, Halliburton Company, a US-based company that provides products and services for the energy industry, introduced the IsoBond cement system, which reduces sustained casing pressure at its source to provide a barrier that minimizes fluid loss, improves shear bonding, and shortens transition time. This system reduces annular flow through cement and increases the anchoring force to the casing and formation by up to 40% when compared to traditional systems.
The well cementing services market is segmented:
1) By Service: Primary well cementing; Remedial well cementing; Other Services
2) By Well Type: Oil, Gas, Shale Gas
3) By Application: Onshore, Offshore
North America was the largest region in the well cementing services market in 2022.
The table of contents in TBRC’s well cementing services market report includes:
1. Executive Summary
2. Well Cementing Services Market Characteristics
3. Well Cementing Services Market Trends And Strategies
4. Well Cementing Services Market – Macro Economic Scenario
5. Well Cementing Services Market Size And Growth
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26. Africa Well Cementing Services Market
27. Well Cementing Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Well Cementing Services Market
29. Well Cementing Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Schlumberger Ltd
- Baker Hughes Inc
- Halliburton
- Weatherford International plc
- Gulf Energy SAOC
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