Cementing Market Outlook for 2025: Growth Amid Moderation

As the oil and gas industry begins to solidify its 2025 outlook and finalize budgets, Kimberlite has updated its market forecast for the next 12 months. With the release of the Kimberlite Cementing Services Report this week, we’ve gathered insights from over 300 E&P professionals to assess the state of the market.

📈 Key Findings:

Global Growth: While growth is slowing, the cementing market still shows strong signs of expansion, with global activity set to rise 3% and E&P operators anticipating a 2.7% inflationary price effect.

Regional Trends: Offshore growth is expected to outpace other markets, with the international arena following closely behind.

North America Land: Activity moderation continues, but for levels to remain flat in 2025, some increase will likely be needed starting late Q1 or early Q2 to maintain production at current levels.

The cementing market remains a critical part of the well construction process, and its growth reflects the ongoing drive for operational efficiency and resource maximization. With offshore and international markets leading the charge, service companies positioned in these segments are set to benefit the most.