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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 20252035

Global Well Casing & Cementing Market Size Study & Forecast, by Application (Onshore, Offshore), by Service Type (Casing Equipment & Service, Cementing Equipment & Service), and Regional Forecasts 20252035


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 ... もっと見る

 

 

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Bizwit Research & Consulting LLP
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2025年8月11日 US$4,950
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Summary

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
• Customization Scope – Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
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.


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Table of Contents

Table of Contents
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.

 

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