Global Oil Well Cement Market - Size, Trends, Competitive Analysis, Market- Growth Drivers, Opportunities and Forecast Analysis to 2020
A new market study,
titled “Global
Oil Well
Cement Market - Size, Trends, Competitive Analysis, Market- Growth
Drivers, Opportunities and Forecast Analysis to 2020” has been featured on WiseGuyReports.
Market Analysis
The Global Oil well Cement Market is estimated
to register substantial growth during the forecast period. The oil well cement
is applicable in high temperature and high-pressure oil & gas industry for
the cementing work in oil wells. The major intention of using this cement is
the provision of zonal isolation, prevention of corrosion casing, support and
hold casings. The oil well cement is preferred for cementing in onshore as well
as offshore oil and gas wells.
The Asia Pacific is evaluated to grow the global
oil well cement market owing to expanding drilling activities and rising
exploration & production of original reserves. To meet the energy demand in
the region, the production of oil and gas is estimated to rise during the study
period to meet the strong energy need in the region. The US Energy Information
Administration (EIA) stated that the global natural gas production from shale
resources is estimated an incredible growth by 2040, developments required for
that will be increasing during that period conclusively the market for oil well
cement is expecting a huge market growth in future time.
Market segmentation
The Global Oil Well Cement Market is included
Product, Application, and Region types. By the product, the global market has
been categorized into Class A, Class G, Class H, and Others. Based on the
application segment, the global market has been categorized into onshore and
offshore.
Regional Analysis
Region-specific analysis of the global oil well
cement market has been spread over five major North America, Europe,
Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific is set to propel the growth of the
global oil well cement market during the forecast period owing to the presence
of many major market players such as Saudi Aramco (Saudi Arabia) and
Halliburton (US), Jadestone Energy Inc (Singapore). The Middle East and Africa
contribute to the leading market of the oil and gas industry and expected to
diver the oil well market during the forecast period. The regional market
includes Saudi Arabia, the UAE, Egypt, Algeria, and the rest of the Middle East
and Africa.
North America is anticipated to lead the global
oil well cement market during the study period. The regional market contributes
the largest share of the global market due to rising capita energy consumption,
E&P of oil and gas and technological advancement in oil well-cementing. The
expansion in E&P of oil and gas is evaluated to drive the rise of the oil
well cement market in North America. South America is also stepping up into the
global oil wall cement market the regional market covers Brazil, Argentina, and
the rest of South America.
Major Players
The Key Players in the Global Oil Well Cement Market are LafargeHolcim
(Switzerland), HeidelbergCement AG (Germany), Cemex SAB de CV (Mexico), Anhui
Conch Cement Co., Ltd (China), TPI Polene Public Company Limited (Thailand),
Buzzi Unicem SpA (Italy), Raysut Cement Co. (Oman), Kerman cement (Iran),
Colacem SpA (Italy), Oman Cement Company (Oman), Omran Anarak Cement Co.
(Iran), Cebo International BV (the Netherlands), Kardisi Co (Syria), Dalmia
Bharat Ltd. (India), and Petrovietnam (Vietnam).
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