Drilling Fluids Market Size, Share, Analysis, Report and Forecast to 2022

According to Stratistics MRC, the Global Drilling Fluids Market is expected to grow at a CAGR of 10.1% during the forecast period. Increasing crude oil & natural gas demand in various energy-intensive industries and growing demand for increasing production rates, efficiency and mitigating gas related capital expenditures are some of the key factors fueling the market growth. However, rising environmental, health and safety concerns regarding mud discharge and disposal of cuttings are hindering the growth of the market. One of major opportunities in the market is technological developments to modify the fluid rheology for efficient extraction in various formations.

Drilling Fluids refers to the liquid and gaseous fluid or mixtures of fluids and solids used in drilling operations. Drilling fluids aids to control pressure in a well by equalizing the pressure of the rock formations and the hydrocarbons. It is used for a particular task to avoid formation damage and to limit corrosion. It is also known as drilling mud. It is generally classified as water based, oil based and synthetic fluids.

By product, Water-based mud (WBF) segment is anticipated to grow the market owing to possess high penetration and expansion rate on account of cost-effectiveness and reduce environmental impacts of the discharged cuttings and mud. Common categories of water-base muds are fresh water, seawater, salt water, lime, potassium and silicate.

By geography, North America is anticipated to dominate the market due to growth of drilling technologies such as horizontal drilling and hydraulic fracturing have unlocked vast hydrocarbon reserves in this region. Asia Pacific is the fastest growing market owing to rise in the demand for energy due to the growing population and expansion of drilling & exploration activities in this region.

Some of the key players profiled in the Drilling Fluids Market include Weatherford International, Anchor Drilling Fluids USA, LLC, China Oilfield Services Limited, Baker Hughes, Inc., Catalyst LLC, Halliburton, Inc., Schlumberger Limited, Petrochem Performance Chemicals Ltd. LLC, International Drilling Fluids and Engineering Services (IDEC) Ltd, Flotek Industries, Inc., Global Drilling Fluids and Chemicals Limited, Scomi Group Berhad, Newpark Resources, Inc., TETRA Technologies, Inc. and National Oilwell Varco.

Products Covered:
• Water based fluids (WBF)
• Oil based fluids (OBF)
• Synthetic based fluids (SBF)
• Pneumatic Fluid
• Other Products

Applications Covered:
• Offshore oil & gas
• Onshore oil & gas

Regions Covered:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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This release was published on openPR.