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Oil Well Cementing Market Strategies and Forecasts, 2020 to 2026

There are several grades of these cement products, but majorly are categorized into ordinary, moderate sulfate resistant (MSR), and high sulfate resistant (HSR). On the basis of application, the global market is further segmented into onshore and offshore. Ordinary (Grade 0) also known as normal portland cement is one of the widely used type of portland cement which is the most common cement type for general use as a basic ingredient of non-specialty grout, mortar, stucco, and concrete.

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Oil Well Cementing Market Strategies and Forecasts, 2020 to 2026

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  1. Oil Well Cementing MarketSet to Exceed $848.6 Million by 2026 | CAGR 6.3% “Oil Well Cementing Market Share, Size, Trends & Industry Analysis Report, By Product (Ordinary, Moderate Sulfate Resistance, High Sulfate Resistance), By Application (Onshore, Offshore), By Regions: Segment Forecast, 2018 - 2026”

  2. Oil Well Cementing Market Estimate & Forecast to 2026 The global oil well cementing market was estimated at a worth of USD 503.0 million in 2017 and is projected to grow at a CAGR of 6.3% over the forecast period. Increasing exploration and production from unconventional oil & gas reserves, rising count of matured wells, and increasing production from offshore reserves are expected to be the major driving factors for growth of oil well cement market over the forecast period. There are several grades of these cement products, but majorly are categorized into ordinary, moderate sulfate resistant (MSR), and high sulfate resistant (HSR). On the basis of application, the global market is further segmented into onshore and offshore. Ordinary (Grade 0) also known as normal portland cement is one of the widely used type of portland cement which is the most common cement type for general use as a basic ingredient of non-specialty grout, mortar, stucco, and concrete. MSR are preferred in hot water due to less heat generation. High sulfate resistant (HSR) type of cement is used when concrete is exposed to highly alkaline soil or water having high sulphate content. Such cement is used where soils or ground waters have a high sulfate content as HSR is not resistant to acids and/or other highly corrosive substances.

  3. Oil Well Cementing Market Scope Request for sample

  4. Oil Well Cementing Market Estimate & Forecast to 2026 The raw material used for manufacturing oil well cement includes limestone, iron ore, coke and iron scraps. The product is manufactured from clinkers of Portland cements and also from cements that are hydraulically blended. Oil well cements are formulated for resisting high pressures and temperatures within the wellbore. These products set slowly owing to its organic retarders which prevent it from setting too fast. It is due to all these characteristics that it is used in the building of the oil wells where the pressure is around 20,000 PSI and the temperature is around 500 degrees Fahrenheit. Onshore drilling operations segment accounted for the largest market in 2017 with a share of 67.3% of oil well cementing market in 2017. Demand from offshore oil well drilling operations are anticipated to witness significant growth and account for 32.7% share of the global oil well cementing market in in 2026. Increasing exploration & production activities from offshore oil and gas reserves are expected to be driving product demand in the present industry space. However, ongoing investments in onshore matured and old wells can be considered a consistent source of product demand from the segment. Browse Complete Report

  5. Oil Well Cementing Market Size Request for TOC

  6. Oil Well Cementing Market Study – Engagement Options Buy Now – Click Here! Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! Regional analysis Segmentation analysis Industry outlook Competitive landscape Speak To Analyst – Click Here! Get your doubts clear Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! Get free sample pages Understand report structure Unmask data for validation

  7. About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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