Drilling Fluids Market Analysis, Share and Size, Trends, Industry Growth And Segment Forecasts To 2021

New York, March 07, 2018: 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.

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.

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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.

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.

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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Table of Contents
1. INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
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
7 Drilling & Completion Fluids Market, By Base Fluids Type
8 Drilling & Completion Fluids Market, By Application
9 Drilling & Completion Fluids Market, By Region
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, 2011-2014
10.3.3 Expansions & Investments
10.3.4 New Product & Technology Launches

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