Oil Well Cementing Market Analysis

The market is segmented by product outlook into high sulfate resistant (HSR), moderate sulfate resistant (MSR), and ordinary (grade O), out of which, the ordinary (grade O) segment is anticipated to hold the largest share in the oil well cement market. This can be accounted to the fact that Portland cement, which is a grade O cement, is the most commonly used for oil and gas well cementing. Along with this, the rising demand for this type of cement in developing nations is also assessed to boost the market segment’s growth in the imminent time. Additionally, on the basis of deployment, the onshore segment is predicted to occupy the largest share over the forecast period owing to the ongoing investments in onshore matured and old wells, and rise in the number of exploration and production activities from onshore oil and gas reserves. 

Our in-depth analysis of the global market includes the following segments: