Drilling Fluids Market for Oil and Gas Expected to Grow at a CAGR of More than 8.0% From 2015 to 2021

New York, May 03: Market Research Engine has published a new report titled as “Global Drilling Fluids Market (Water-Based Fluids, Oil-Based Fluids and Synthetic-Based Fluids) for Oil and Gas (Offshore & Onshore) - Application Analysis, and Forecasts 2015 – 2021”.

The global market for drilling fluids was estimated to be USD 8.10 billion in 2013, and is expected to grow at a CAGR of more than 8.0% from 2015 to 2021.

Browse Full Report: https://www.marketresearchengine.com/reportdetails/drilling-fluids-market

Drilling deeper, longer and more challenging wells has been made possible by improvements in drilling technologies, including more efficient and effective drilling fluids. Drilling fluids, also referred to as drilling mud, are added to the wellbore to facilitate the drilling process by suspending cuttings, controlling pressure, stabilizing exposed rock, providing buoyancy, and cooling and lubricating.

Due to the increasing innovation in the nanotechnology in the exploration of oil and gas industry has spurred the growth of the drilling fluids market, with major companies investing 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.

Drilling fluids market is classified as below:

• Water-based fluids
• Oil-based fluids
• Synthetic-based fluids

The report additionally provides qualitative analysis of the leading players, with clear insight and analysis on the development strategies adopted by the market players.

The expanding onshore drilling activities in the Middle East, North America and Asia Pacific are expected to drive the demand for drilling fluids in the onshore reserves. Onshore oil and gas dominated the drilling fluids market represented 80% of the total demand in 2014. Additionally, presence of large natural resources in the “Golden Triangle” (Gulf of Mexico, offshore Brazil and offshore West Africa) is promising to high investment in the regions, which is further expected to drive the drilling fluids market over the given forecast period. U.S, Gulf of Mexico, offshore Brazil and offshore West Africa accounted for approximately 87% of the total investment made in developing offshore oil and gas reserves in 2014.

Companies mentioned in the research reportage as below:

The players mentioned and evaluated 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 on drilling fluids used in onshore and offshore application areas. The segmentation followed in the report has been listed below.

Global Drilling Fluids Market

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 Regional Outlook (Revenue, USD Million, 2015 - 2021)

• North America
• Europe
• Asia Pacific
• Middle
• East & Africa
• ROW (Rest ofWord)

Key highlights of this report:

• Overview of key market forces propelling and restraining business sector development.
• Current Market Trends, Market Structure and Market Projections for the upcoming years.
• Up-to-date analyses of business sector and technological improvements in the small servers industry
• Pin-point analyses of market competition dynamics to offer you a competition edge
• An analysis of strategies of major competitors

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