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Cementing Chemicals

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Cementing Chemicals Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Cementing Chemicals category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Cementing Chemicals category for the current quarter is 30.0 days

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    Cementing Chemicals Suppliers


    12,294
    Total Suppliers
    329
    Diverse Suppliers
    88
    Normalized Supplier Rating
    Cementing Chemicals Supplier

    Find the right-fit cementing chemicals supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    41

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68

    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Cementing Chemicals market report transcript


    Cementing Chemicals Global Market Outlook:

    • The global cementing chemicals market is estimated to be at $4.4 billion in 2020. Cement constituted for majority of the market share. However, additives are crucial for preparation of perfect cement slurry
    • The cementing chemicals market is expected to drop by more than $1.48 billion in 2020 compared to 2019, due to lower oil & gas activities across the globe.
    • In terms of value, the global oil field cementing chemicals market stood at $4.4 billion in 2020. The market is forecast to reach $5.4 billion by the
      end of 2023, with a CAGR of 7.1 percent.
    • The market is completely dependent on drilling and completion activities. The drilling activities dropped by more than 30 percent in the beginning
      of 2020, plummeting the demand for cementing chemicals. The market is expected to drop by $1.48 billion in 2020.
    • Segment wise, cement accounted for 54.5 percent of the overall oilfield cementing chemicals market in 2020. Additives play a significant role in
      cementing operation. The right additive must selected and the right quantity must be added. For complex wells, the consumption of additives is
      higher than cement

    Cost Drivers

    • Increase in cement and additive prices would increase the cost of cementing services
    • The price of cementing services naturally goes up if a more effective technology or additive is developed

    Porter’s Five Forces Analysis

    • Cementing chemicals are mandatory requirement during drilling and completion operation. However, there are many regional and global providers in the market, except for proprietary products
    • Some of the oilfield service companies are struggling to change onerous contracts signed with E&P companies when oil prices were lower. Therefore, the supplier power is lower to medium for cementing chemicals
    • Buyers can negotiate the cementing additives for lower prices, since there are many service providers around the globe
    • Cementing chemicals are commodity products, which are widely available

    Cost Breakup

    • Volume of cement required increases with the increase in depth of the well; hence, the cost of cementing services rises
    • The increase in price of cementing services is also due to the rise in prices of additives. For a complex well, additives cost approximately 70 percent of the material cost
    • Cementing services account for 5–7 percent of the overall well cost. The services are priced differently, depending on the well type. The prices of cementing services, on an average, increased by 10 percent in the last eight years. The price increase is due to the rise in additives prices. Additives consumption and utilization are critical in deciding the pricing mechanism of cementing services
    • The indicative cost structure of a typical cementing service is given below. It includes the monthly rentals for equipment and personnel to perform the operation and materials required. Materials, which include cement and additives, account for the majority of cost for cementing services