Well Casing and Cementing Market 2020-2024 | Focus on Unconventional Oil and Gas E&P Activities to Boost Growth

The well casing and cementing market and it is poised to grow by USD 3.19 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Well Casing and Cementing Market. Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes, a GE Co. LLC, China Oilfield Services Ltd., Frank's International NV, Halliburton Co., Nabors Industries Ltd., PAO TMK, Schlumberger Ltd., Tenaris SA, Vallourec SA, and Weatherford International Plc. are some of the major market participants. The focus on unconventional oil and gas E&P activities will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Focus on unconventional oil and gas E&P activities has been instrumental in driving the growth of the market.

Well Casing and Cementing Market 2020-2024: Segmentation

Well Casing and Cementing Market is segmented as below:

·         Application

·         Onshore

·         Offshore

·         Geographic Landscape

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Well Casing and Cementing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our well casing and cementing market report covers the following areas:

·         Well Casing and Cementing Market Size

·         Well Casing and Cementing Market Trends

·         Well Casing and Cementing Market Analysis

This study identifies technological advances in cementing as one of the prime reasons driving the well casing and cementing market growth during the next few years.