Market Overview:
The global oil-well cement market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The global oil-well cement market is segmented on the basis of type, application, and region. On the basis of type, it is divided into ordinary Portland cement (OPC), moderate sulfate-resistant Portland cement (MSRP), and high sulfate-resistant Portland cement (HSPC). OPC dominates this market owing to its low cost and easy availability across regions. However, MSRP is expected to grow at a higher rate during the forecast period as it offers better resistance against sulfates compared with OPC. On the basis of application, it is segmented into oil well, gas well, and other applications such as water injection wells or enhanced recovery wells etc.).
Product Definition:
Oil-well cement is a type of cement used in drilling operations to create a seal between the well casing and the surrounding earth, preventing oil and gas from escaping. It is also used to fill any gaps or cracks in the well casing.
Ordinary:
The ordinary, also known as the base oil, is a neutral petroleum liquid consisting of paraffins and other hydrocarbons. It's properties such as viscosity and density vary depending on its sources such as crude oil or natural gas. The growth factor in the O-W-C market represents how much an increase in capital will grow at interest rates (1% annually).
Moderate Sulfate-Resistant:
Moderate sulfate-resistant is a type of cement that exhibits good strength and durability in an environment where the rate of fluid injection into the cement molds is greater than or equal to 15,000 scm-3 (standard cubic meters per hour). The moderate sulfate-resistant cement market size was estimated at USD 1.10 billion in 2016.
Application Insights:
The oil well application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing drilling activities across major economies owing to growing demand for energy resources, which has resulted in an increased requirement for cementing materials.
Oil wells require high pressure cementing as they are deep underground and require protection against natural gas migration or leakage from within the formation due to pressure changes with depth. Low-pressure wells do not need such extensive cements as they are shallower than 2,000 m below sea level but still need adequate sealing owing to high permeability levels that could lead to fluid flow into surrounding formations if sealed improperly. Such factors are expected drive product demand over the coming years globally.
Regional Analysis:
North America was the second-largest regional market in 2017. The U.S., being a major oil producer, is expected to be one of the key markets for this product over the forecast period. In addition, growing number of unconventional reserves across North American countries such as shale gas and tight oil are likely to drive well drilling activities in this region, thereby driving OWC market growth.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to increasing exploration and production activities coupled with rising government investments for improving energy infrastructure in various Asian countries including China, India and Thailand among others will have a positive impact on industry growth over next eight years.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in exploration and production activities
- Technological advancements in drilling and production processes
- Stringent environmental regulations for oil-well cementing operations
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-Well Cement Market Research Report
By Type
Ordinary, Moderate Sulfate-Resistant, High Sulfate-Resistant
By Application
Oil Well, Gas Well, Other
By Companies
LafargeHolcim, Dyckerhoff Ag, Heidelberg Cement, Italcementi, Cemex, Kerman Cement, Trinidad Cement, Oman Cement, Gezhouba Group Cement, Tianshan Cement, LafargeHolcim, Qlssn, Conch, Yatai Group, Jidong Cement, Ningxia Building Materials, Taiyuan Lionhead Cement, Dalian Cement
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Oil-Well Cement Market Report Segments:
The global Oil-Well Cement market is segmented on the basis of:
Types
Ordinary, Moderate Sulfate-Resistant, High Sulfate-Resistant
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Well, Gas Well, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LafargeHolcim
- Dyckerhoff Ag
- Heidelberg Cement
- Italcementi
- Cemex
- Kerman Cement
- Trinidad Cement
- Oman Cement
- Gezhouba Group Cement
- Tianshan Cement
- LafargeHolcim
- Qlssn
- Conch
- Yatai Group
- Jidong Cement
- Ningxia Building Materials
- Taiyuan Lionhead Cement
- Dalian Cement
Highlights of The Oil-Well Cement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary
- Moderate Sulfate-Resistant
- High Sulfate-Resistant
- By Application:
- Oil Well
- Gas Well
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil-Well Cement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil-well cement is a type of cement that is made from oil and water. It is used to seal wells and other underground openings.
Some of the major companies in the oil-well cement market are LafargeHolcim, Dyckerhoff Ag, Heidelberg Cement, Italcementi, Cemex, Kerman Cement, Trinidad Cement, Oman Cement, Gezhouba Group Cement, Tianshan Cement, LafargeHolcim, Qlssn, Conch, Yatai Group, Jidong Cement, Ningxia Building Materials, Taiyuan Lionhead Cement, Dalian Cement.
The oil-well cement market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil-Well Cement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil-Well Cement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil-Well Cement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil-Well Cement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil-Well Cement Market Size & Forecast, 2020-2028
4.5.1 Oil-Well Cement Market Size and Y-o-Y Growth
4.5.2 Oil-Well Cement Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ordinary
5.2.2 Moderate Sulfate-Resistant
5.2.3 High Sulfate-Resistant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil Well
6.2.2 Gas Well
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil-Well Cement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil-Well Cement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ordinary
9.6.2 Moderate Sulfate-Resistant
9.6.3 High Sulfate-Resistant
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil Well
9.10.2 Gas Well
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ordinary
10.6.2 Moderate Sulfate-Resistant
10.6.3 High Sulfate-Resistant
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil Well
10.10.2 Gas Well
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ordinary
11.6.2 Moderate Sulfate-Resistant
11.6.3 High Sulfate-Resistant
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil Well
11.10.2 Gas Well
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ordinary
12.6.2 Moderate Sulfate-Resistant
12.6.3 High Sulfate-Resistant
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil Well
12.10.2 Gas Well
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ordinary
13.6.2 Moderate Sulfate-Resistant
13.6.3 High Sulfate-Resistant
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil Well
13.10.2 Gas Well
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil-Well Cement Market: Competitive Dashboard
14.2 Global Oil-Well Cement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LafargeHolcim
14.3.2 Dyckerhoff Ag
14.3.3 Heidelberg Cement
14.3.4 Italcementi
14.3.5 Cemex
14.3.6 Kerman Cement
14.3.7 Trinidad Cement
14.3.8 Oman Cement
14.3.9 Gezhouba Group Cement
14.3.10 Tianshan Cement
14.3.11 LafargeHolcim
14.3.12 Qlssn
14.3.13 Conch
14.3.14 Yatai Group
14.3.15 Jidong Cement
14.3.16 Ningxia Building Materials
14.3.17 Taiyuan Lionhead Cement
14.3.18 Dalian Cement
