Global Oil Well Cement Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028

Market Overview

of Global Oil Well Cement market:
According to our latest research, the global Oil Well Cement market looks promising in the next 5 years. As of 2022, the global Oil Well Cement market was estimated at USD 914.71 million, and it’s anticipated to reach USD 1126.47 million in 2028, with a CAGR of 3.53% during the forecast years.

Oil well cement is used in drilling oil and gas wells. Oil well cement is used for oil well grouting, sometimes referred to as oil well cementing. It consists of Portland cement or mixed cement plus additives. Oil well cement must be slowly set and able to withstand the high temperatures and pressures of these deep wells. This process plays an important role in drilling operations. The cement is mixed with water and additives to form a slurry which is then pumped into a well around the casing, which is a large tube inserted into a new borehole.

Drivers
With the development of economy and industrial technology, the production technology of Oil Well Cement Additive is gradually stable, and the production capacity of the industry is gradually increasing. Oil Well Cement Additive has a potential consumer market in these countries with the continued development and promotion of downstream applications.
Europe is the largest market for Oil Well Cement Additive, with advanced research and development technologies and products with good purity and quality.
As an economically developed region, the United States has diversified distribution channels and high-end research and technology.

Limitations
Due to the chemical nature of some additives, there are certain hazards to the environment and the human body. As well as the downstream application industry of oil well cement additives, the oil and natural gas industries have a bad influence on the environment. The global environmental pollution problem has become more and more serious. For chemical industries, many countries have strict environmental protection regulatory policies, especially in Europe, America, and Japan. Emerging countries such as China are also increasingly focusing on environmental issues.

Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:
The top three companies are BASF, Sika AG and AkzoNobel with the revenue market share of 13.16%, 11.37% and 11.08% in 2017.

BASF SE operates through five segments: Chemicals, Performance Products,
Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines. The Performance Products segment provides dispersions and pigments, care chemicals, nutrition and health products, and performance chemicals that are used in pharmaceuticals, personal care products, and cosmetics, as well as hygiene and household products.

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. It develops and markets various admixtures and additives for use in concrete, cement, and mortar production; and single-ply and built-up flat roofing systems.

Segmentation Overview:
Among different product types, Fluid Loss Additives segment is anticipated to contribute the largest market share in 2027.

Application Overview:
By application, the Oil Well segment occupied the biggest share from 2017 to 2022.

This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Oil Well Cement market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.

Key Takeaways from the Global Oil Well Cement Market Report:
Market Size Estimates: Oil Well Cement market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Oil Well Cement market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Oil Well Cement market
Segment Market Analysis: Oil Well Cement market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Oil Well Cement market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Oil Well Cement Market: Revenue and sales volume of major countries in each region
Oil Well Cement Market

Competitive Landscape

and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Oil Well Cement market in major regions.
Oil Well Cement Industry Value Chain: Oil Well Cement market raw materials & suppliers, manufacturing process, distributors, downstream customers
Oil Well Cement Industry News, Policies & Regulations

Key players in the global Oil Well Cement market are covered in Chapter 12:
Sika AG
AkzoNobel
Aubin Group
Halliburton
Schlumberger
BASF
Cpchem

In Chapter 2 and Chapter 15.1, based on types, the Oil Well Cement market from 2018 to 2028 is primarily split into:
Fluid Loss Additives
Dispersants
Retarders
Defoamers
Others

In Chapter 3 and Chapter 15.2, based on applications, the Oil Well Cement market from 2018 to 2028 covers:
Oil well
Gas well

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others

The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.

In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.

Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

Chapter 1 starts the report with an overview of the Oil Well Cement market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.

Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.

Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.

Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.

Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.

Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.

Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.

Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.

Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.

Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.

Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2028