Drilling deeper, longer and more challenging wells has been made possible by improvements in drilling technologies, including more efficient and effective drilling fluids. Drillingfluids, also referred to as drilling mud, are added to the wellbore tofacilitate the drilling process by suspending cuttings, controlling pressure,stabilizing exposed rock, providing buoyancy, and cooling and lubricating.
Due to the increasinginnovation in the nanotechnology in the exploration of oil and gas industry hasspurred the growth of the drilling fluids market, with major companiesinvesting huge amounts in developing the technology. The report on the global drilling fluids market is a blueprint for the companies in this industry to improve their businesses.
The global market for drilling fluids was estimated to be US$ 18.60 billion in 2027, and is expected to grow at a CAGR of more than 8.0% from 2021 to 2027.
Drilling fluids market is classified asbelow:
The report additionallyprovides qualitative analysis of the leading players, with clear insight andanalysis on the development strategies adopted by the market players.
The expanding onshoredrilling activities in the Middle East, North America and Asia Pacific areexpected to drive the demand for drilling fluids in the onshore reserves.Onshore oil and gas dominated the drilling fluids market represented 80% of thetotal demand in 2014. Additionally, presence of large natural resources in the“Golden Triangle” (Gulf of Mexico, offshore Brazil and offshore West Africa) ispromising to high investment in the regions, which is further expected to drivethe drilling fluids market over the given forecast period. U.S, Gulf of Mexico,offshore Brazil and offshore West Africa accounted for approximately 87% of thetotal investment made in developing offshore oil and gas reserves in 2014.
Companies mentioned in the research report are as below:
The players mentioned andevaluated in the drilling fluids market report are Newpark Resources Inc.,National Oilwell Varco, Schlumberger Technology Corporation, Canadian EnergyServices &Technology Corp., Anchor Drilling Fluids USA Inc., HalliburtonCompany,etc..
Scope of the Report
The report focuses ondrilling fluids used in onshore and offshore application areas. Thesegmentation followed in the report has been listed below.
Global Drilling Fluids Product Outlook(Revenue, USD Million, 2015 – 2021)
· Oil-Based Fluids(OBF)
· Water-BasedFluids (WBF)
· Synthetics-BasedFluids (SBF)
Global Drilling Fluids Application Outlook(Revenue, USD Million, 2015 – 2021)
Onshore Offshore Drilling Fluids RegionalOutlook (Revenue, USD Million, 2015 – 2021)
· North America
· Europe
· Asia Pacific
· Middle
· East & Africa
· ROW (Rest ofWord)
Key highlights of this report:
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.3.1 Key Industry Insights
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunity For Water-Based Drilling & Completion Fluids
4.2 North America Dominated The Drilling & Completion Fluids Market
4.3 U.S. Commands Majority Of The Market Share
4.4 North America Will Dominate The Drilling & Completion Fluids Market
4.5 Major Countries In The Drilling & Completion Fluids Market
4.6 Asia-Pacific & North America Will Demand For Most Of The Drilling & Completion Fluids By 201
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.1.1 Drivers
5.1.1.1 Growth In Drilling Activities
5.1.1.1.1 Increasing Drilling Footage
5.1.1.2 Growth In Increased Oil Production
5.1.1.2.1 Oil & Gas Production
5.1.1.3 Continuous Rise In Global Drilling Activities
5.1.1.4 Technological Developments And Exploration Activities For Shale Gas, Cbm
5.1.2 Restraints
5.1.2.1 Impact Of Drilling Fluids On The Environment And Surrounding Eco System
5.1.2.2 Strict Government Regulations
5.1.3 Market Opportunities
5.1.3.1 Development Of Advanced Drilling Fluid Chemicals
5.1.3.2 Focus On Deep & Ultra-Deepwater Reserves
5.2 Burning Issue
5.2.1 Shortage Of Mud Engineering Professionals
5.3 Winning Imperatives
5.3.1 Mergers & Acquisitions Is The Key In Drilling & Completion Fluids Market
5.3.2 Technological Innovation
5.4 Impact Analysis
6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Raw Material Manufacturers
6.1.2 Drilling & Completion Fluids Manufacturers
6.1.2.1 Base Fluids Manufacturers
6.1.2.2 Additives Manufacturers
6.1.2.3 Complete Drilling & Fluid Solution Manufacturers
6.1.3 End-Users
6.2 Porter’s Five Forces Analysis
6.2.1 Threat Of New Entrants
6.2.2 Threat Of Substitutes
6.2.3 Bargaining Power Of Buyers
6.2.4 Bargaining Power Of Suppliers
6.2.5 Degree Of Competition
7 Drilling & Completion Fluids Market, By Base Fluids Type
7.1 Introduction
7.2 Market Analysis
7.2.1 Drilling & Completions Fluids Market
7.2.2 Water-Based Drilling & Completion Fluids
7.2.2.1 Introduction
7.2.2.2 Water-Based Fluids: Single-Largest Used Base Fluid Type
7.2.3 Oil-Based Drilling & Completion Fluids
7.2.3.1 Introduction
7.2.3.2 Growth Rate Is Achieving Maturity Owing To Stringent Environmental Policies
7.2.4 Synthetic-Based Drilling & Completion Fluids
7.2.4.1 Introduction
7.2.4.2 High Potential Market For Fluids Base Type
7.2.5 Other Drilling & Completion Fluids
7.2.5.1 Introduction
7.2.5.2 Highest Growing Base Fluid Type Market
8 Drilling & Completion Fluids Market, By Application
8.1 Industry Overview
8.2 Market Share Analysis, By Application
8.2.1 Onshore
8.2.1.1 Introduction
8.2.1.2 The Largest Market Application Area
8.2.2 Offshore
8.2.2.1 Introduction
8.2.2.2 Major Growth Engine Of A Global Market
9 Drilling & Completion Fluids Market, By Region
9.1 Introduction
9.2 Regional Analysis Of Drilling & Completion Fluids Market
9.3 Base Fluid Type Analysis, By Region
9.3.1 North America
9.3.1.1 Industry Trends
9.3.1.2 Largest Regional Market For Drilling And Completion Fluids
9.3.1.3 Country-Wise Analysis
9.3.1.3.1 U.S.
9.3.1.3.2 Canada
9.3.2 Asia-Pacific
9.3.2.1 Industry Trends
9.3.2.2 Second-Largest Geographic Market Driven By Major Drilling Activities In China
9.3.2.3 Country-Wise Analysis
9.3.2.3.1 China
9.3.2.3.2 Australia
9.3.2.3.3 Thailand
9.3.2.3.4 India
9.3.2.3.5 Indonesia
9.3.2.3.6 Others
9.3.3 Europe
9.3.3.1 Industry Trends
9.3.3.2 Market Towards Maturity
9.3.3.3 Country-Wise Analysis
9.3.3.3.1 Russia
9.3.3.3.2 Norway
9.3.3.3.3 U.K.
9.3.3.3.4 Others
9.3.4 Latin America
9.3.4.1 Industry Trends
9.3.4.2 Highly Potential Market Owing To The Rapid Growth Of Mexico And Brazil
9.3.4.3 Country-Wise Analysis
9.3.4.3.1 Mexico
9.3.4.3.2 Brazil
9.3.4.3.3 Venezuela
9.3.4.3.4 Argentina
9.3.4.3.5 Others
9.3.5 Africa
9.3.5.1 Industry Trends
9.3.5.2 Exploration Of New Hydrocarbon Reserves Driving The High Growth Of The Region
9.3.5.3 Country-Wise Analysis
9.3.5.3.1 Egypt
9.3.5.3.2 Algeria
9.3.5.3.3 Angola
9.3.5.3.4 Libya
9.3.5.3.5 Nigeria
9.3.5.3.6 Others
9.3.6 Middle East 108
9.3.6.1 Industry Trends
9.3.6.2 Small Market Share With Decent Growth Rate
9.3.6.3 Country-Wise Analysis
9.3.6.3.1 Oman
9.3.6.3.2 Saudi Arabia
9.3.6.3.3 Others
9.3.7 Rest Of The World
9.3.7.1 Industry Trends
9.3.7.2 Market Analysis
9.4 Application Areas Analysis, By Region
9.4.1 North America
9.4.1.1 Market Overview
9.4.1.2 Onshore Drilling Activities Dominate The Total Market
9.4.2 Asia-Pacific
9.4.2.1 Market Overview
9.4.2.2 Exploration Of New Offshore Gas Reserves Presents Great Opportunities
9.4.3 Europe
9.4.3.1 Market Overview
9.4.3.2 Onshore Market Is The Major Growth Driver Of The Region
9.4.4 Latin America
9.4.4.1 Market Overview
9.4.4.2 Huge Investments For Gom Development Results In Excellent Growth Rate For Offshore Market
9.4.5 Africa
9.4.5.1 Market Overview
9.4.5.2 High Growth Rate For Both Onshore And Offshore Markets
9.4.6 Middle East
9.4.6.1 Market Overview
9.4.6.2 Low Average Drilling Depth Limits The Market Growth
9.4.7 Rest Of The World
9.4.7.1 Market Overview
9.4.7.2 Market Analysis
10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Situations & Trends
10.3.1 Mergers & Acquisitions
10.3.2 Agreements, Contracts, Joint Ventures, & Partnerships, 2019-2025
10.3.3 Expansions & Investments
10.3.4 New Product & Technology Launches
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