Key players are NOV (U.S.), Antelope Oil Tool & Manufacturing Company (U.S.), and Weatherford International Ltd. (Ireland).
(PRWEB) March 05, 2015
This MarketsandMarkets report expects the global Casing & Cementation Hardware Market to become worth $2,592.9 million by the end of 2019. It also provides details about the major growth drivers, restraints and geographic demand patterns for this market.
Browse Casing & Cementation Hardware Market through detailed TOC, figures and data tables spread across 185 report pages.
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According to the report the global casing & cementation hardware market is expected to grow at a steady CAGR of 7.8% from 2014 to 2019. At the estimated growth rate, the report expects this market to reach $2,592.9 million by 2019.
This MarketsandMarkets report segments the global market for casing and cementation hardware on the basis of the types of applications and their demand from different geographic regions. According to the report, rise in the drilling activities around the world is considered to be the biggest driving factor for this market. Rapid rise in the shale industry across the United States of America is also expected to influence the growth patterns in this market.
The report estimates discovery of new shale reserves in Africa and rising demand for energy to be the major driving factors for the global market. However, the report expects limited access to the energy reserves to be the major restraining factor for this industry. increasing environmental concerns are also estimated to pose growth challenges for the market over the next few years.
The report profiles some of the casing & cementation hardware market. These players include Antelope Oil Tool & Manufacturing Company (U.S.), Centek Group (U.K.) , Vallourec S.A. (France) and Weatherford International Ltd. (Ireland).
According to MarketsandMarkets, the casing & cementation hardware market is highly fragmented. This fragmentation in the market is due to the strong demand in the industry. According to their report, major companies in this market are relying on expanding their businesses across the most emerging marketplaces. Growth in demand and rapid research and development activities are also attributed to be the major growth drivers for the market. According to the report, innovative business strategies and mergers are expected to drive the business prospects for the key market players.
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