openPR Logo
Press release

Oilfield Drilling Additives Market to Incur Rapid Extension During 2015 - 2021

Oilfield Drilling Additives Market to Incur Rapid Extension

Oilfield chemicals play a significant role in the oil and gas industry. Most common oilfield chemicals used by the industry are organic chemicals and solvents, surfactants, transition metal compounds, inorganic salts, water-soluble and oil-soluble polymers. These chemicals control the bacterial growth, foam & wax formation and corrosive action in oils and gases. Drilling additives is one of the major applications in the oilfield chemicals market.

Get access to full summary @: http://www.persistencemarketresearch.com/market-research/oilfield-drilling-additives-market.asp

Chemical formulations used for multiple functions in oil processing are termed as oilfield drilling additives. The additive technologies excel with emulsification and thinning or dispersion of oil-based muds. They help to create proper fluid weighting to balance pressure formation and optimize fluid flow. Other functions include maintaining strong boundary lubrication films in silicate-based mud systems specialized for shale drilling, which is done by lubricating agents. Other functions include wettability, dispersant, detergency and clay stabilization. Selection criteria of drilling additives require careful consideration of several aspects, such as pressures and temperatures, rock composition, well design, protection of the producing zone, reservoir chemistry, and environmental regulations. The focus is on performance, temperature stability and tolerance of products from contamination for drilling fluid systems.

While there are many types of components and additives currently being used in the industry, usually the classification of fluids is based on the formulation of coatings as water based, oil based and synthetic based. Each type varies greatly and the composition is different with different technical specifications. The major chemicals used in the industry are sulfurized or chlorinated compounds, polyglycols, acrylics, esters polyamides, glutaraldehyde, alcohols and many more.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/7205

In a recent merger by The Lubrizol Corporation, a Berkshire Hathaway company, signed an agreement with Weatherford, stating that the company’s drilling fluids and additives business will now be a part of the Lubrizol Corporation. The Lubrizol Corporation has introduced a new mobile application called the Oilfield Drilling Fluids Product Guide, which is designed to help formulators of Oilfield Drilling Fluids to identify advanced Lubrizol chemistries that help achieve a wide range of performance needs. Arabian Drilling Corporation launched three new products AD41, AD42 and AD43; which have special drilling control systems equipped with Amphion Integration, a technology that provides compact and comfortable rigs.

Increasing demand from energy sector is creating thrust to drilling deeper for more oil extraction, the protection of oil from various harmful organisms in the biocides industry are some of the key factors driving the growth of the oilfield drilling additives market.

Total cost to target with environmentally acceptable fluid systems, European environmental concerns, strict environmental regulations are probable factors restraining the growth of the oilfield drilling additives market.

Buy Now: You can now buy a single user license of the report @ http://www.persistencemarketresearch.com/checkout/7205

The global oilfield drilling additives market is broadly classified on the basis of formulation of coatings, type and geographies.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Oilfield Drilling Additives Market to Incur Rapid Extension During 2015 - 2021 here

News-ID: 666999 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Drilling

Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Archer Well Company, Bo …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),
Air Core Drilling Market By Application Dust Drilling, Mist Drilling and Foam Dr …
Allied Market Research published a new report, titled, " Air Core Drilling Market by Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), by End-use Industry (Oil & Gas, Mining, and Construction) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a
Global Drilling Tools Market Analysis 2020 3D Drilling Tools, Sandvik, Redback D …
Global Drilling Tools market represents the advanced technology manufacturer with high quality data such as segment wise data, region wise data and qualitative analysis of the data which is collected from industry expert and market participants across the key points of market value chain. The market report is also comes up with the comprehensive study of Drilling Tools market insight, historical data from 2015-2019, forecast data from 2020-2025, and variations