Drilling Fluids Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Global Drilling Fluids Market: By Type (Water Based, Oil Based, and Synthetic Based), By Application (Offshore and Onshore), and Geography

 

 

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Report

Description

The global drilling fluids market estimated to be valued US$ 10 Bn in 2021 and poised to grow at significant CAGR of 4.4% over 2022-2028. Global drilling fluids market report gives comprehensive outlook on drilling fluids market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type, by application type, and regions. This report studies global market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions and market unmet needs (Product Opportunities). Key stakeholders of the global drilling fluids market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global drilling fluids market activities. Furthermore, corporations have invested heavily in research and development to develop bio-based drilling fluids generated from vegetable oils. Water-based drilling fluids are becoming more popular as environmental worries about the adverse impacts of utilising oil-based fluids grow. Over the projection period, rising environmental, health, and safety concerns over mud discharge and cuttings disposal are projected to stymie market expansion. As a result, manufacturing businesses are refocusing their efforts on developing innovative nanotechnology-based solutions to address technological and environmental concerns. Because of the cost-effectiveness and lesser environmental impact of the discharged cuttings and mud, these fluids are expected to see increased penetration and growth rates. Over the projection period, demand for water-based fluids is expected to be driven by a growing focus on enhancing the inhibitive and thermal performance of water-based systems in order to compete with non-aqueous fluids used for demanding applications such as offshore and onshore shelf activities.

Recent Market Developments:

 

In May 2022, The Long Pond Marine Base and Blue Water Group entered into a new partnership to support the offshore energy industry. The partnership will offer “a complete solution for the industry” in one location.

In May 2022, Invictus Energy signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.

Drilling Fluids Market

MARKET SUMMARY
-
4.4% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.4%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Drilling Fluids Market

  • The report on global Drilling Fluids Market gives historical, current, and future market sizes (US$ Bn) on the basis of type, application and geography.
  • Drilling Fluids Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global drilling fluids market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global drilling fluids market activities.
Key Players
  • Schlumberger Limited (France)
  • Halliburton Inc. (U.S.)
  • Baker Hughes Incorporated (U.S.)
  • Newpark Resources Inc. (U.S.)
  • National Oilwell Varco. (USA)
Dynamics

Drilling Fluids Market

Development and launch of innovative drilling fluids by the market players enables surge in the drilling fluids market demand over the forecast years. For instance. In 2018, Baker Hughes Incorporated (U.S.) launched the new drilling fluids which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of drilling fluids market over the forecast years.Based on type, the global drilling fluids market is segmented into water based, oil based and synthetic based. Water based segment is expected to dominate the global drilling fluids market due to its low cost price, eco-friendly properties, and requires less chemical treatment.


North-America got significant share

Drilling Fluids Market

North America accounted for major revenue share due to increased demand of drilling fluids from the growing population. U.S accounted for major revenue share due to improvement in technologies of drilling. Asia Pacific drilling fluids market is expected to account moderate CAGR due to increase in urbanization, population and industrialization. Europe exhibits a significant growth in drilling fluids market due to increased volumes of oil and gas production coupled with rapid growing drilling activities. Latin America shows a significant growth in market owing to increased discoveries of gas and substantial oil. Middle East and Africa drilling fluids market is also expected to rise in the forecast period due to increased production of gas and oil.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, country market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Drilling Fluids Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive Summary
  2. Global Drilling Fluids Market Introduction

2.1. Global Drilling Fluids Market – Taxonomy

2.2. Global Drilling Fluids Market –Definitions

2.2.1. By Type

2.2.2. By Application

  1. Global Drilling Fluids Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Drilling Fluids Market Dynamic Factors – Impact Analysis

3.6. Global Drilling Fluids Market – Competition Landscape

  1. Global Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2018 – 2025

4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

  1. Global Drilling Fluids Market, By Type of Drilling Fluids, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

5.1. Water Based

5.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Oil Based

5.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Synthetic Based

5.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

  1. Global Drilling Fluids Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025

6.1. Onshore

6.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Offshore

6.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

  1. Global Drilling Fluids Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.1. North America

7.1.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Europe

7.2.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Asia-Pacific

7.3.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Latin America

7.4.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Middle East and Africa

7.5.1. Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Global Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Region, 2019 – 2025

  1. North America Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

8.1. By Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

8.1.1. Water Based

8.1.2. Oil Based

8.1.3. Synthetic Based

8.2. By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

8.2.1. Onshore

8.2.2. Offshore

8.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

8.3.1. U.S.

8.3.2. Canada

8.4. North America Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Country, 2019 – 2025

8.5. North America Drilling Fluids Market Dynamics – Trends

  1. Europe Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

9.1. By Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

9.1.1. Water Based

9.1.2. Oil Based

9.1.3. Synthetic Based

9.2. By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

9.2.1. Onshore

9.2.2. Offshore

9.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.3.1. Germany

9.3.2. France

9.3.3. U.K

9.3.4. Russia

9.3.5. Italy

9.3.6. Spain

9.3.7. Rest of Europe

9.4. Europe Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Country, 2019 – 2025

9.5. Europe Drilling Fluids Market Dynamics – Trends

  1. Asia-Pacific Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

10.1. By Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

10.1.1. Water Based

10.1.2. Oil Based

10.1.3. Synthetic Based

10.2. By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

10.2.1. Onshore

10.2.2. Offshore

10.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.3.1. Japan

10.3.2. China

10.3.3. India

10.3.4. ASEAN

10.3.5. Australia & New Zealand

10.3.6. Rest of Asia-Pacific

10.4. Asia-Pacific Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Country, 2019 – 2025

10.5. Asia-Pacific Drilling Fluids Market Dynamics – Trends

  1. Latin America Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

11.1. By Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

11.1.1. Water Based

11.1.2. Oil Based

11.1.3. Synthetic Based

11.2. By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

11.2.1. Onshore

11.2.2. Offshore

11.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.3.1. Brazil

11.3.2. Mexico

11.3.3. Argentina

11.3.4. Venezuela

11.3.5. Rest of Latin America

11.4. Latin America Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Country, 2019 – 2025

11.5. Latin America Drilling Fluids Market Dynamics – Trends

  1. Middle East and Africa Drilling Fluids Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’MT)

12.1. By Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

12.1.1. Water Based

12.1.2. Oil Based

12.1.3. Synthetic Based

12.2. By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Volume (000’MT), Y-o-Y Growth (%) and Market Share (%)

12.2.1. Onshore

12.2.2. Offshore

12.3. Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.3.1. Gulf Cooperation Council (GCC) Countries

12.3.2. Israel

12.3.3. South Africa

12.3.4. Rest of MEA

12.4. MEA Drilling Fluids Market – Opportunity Analysis Index, By Type, By Application, and Country, 2019 – 2025

12.5. MEA Drilling Fluids Market Dynamics – Trends

  1. Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. Schlumberger Limited (France)

13.2.2. Halliburton Inc. (U.S.)

13.2.3. Baker Hughes Incorporated (U.S.)

13.2.4. Newpark Resources Inc. (U.S.)

13.2.5. National Oilwell Varco. (USA)

13.2.6. Scomi Group Bhd (Malaysia)

13.2.7. TETRA Technologies, Inc. (U.S.)

13.2.8. Canadian Energy Services & Technology Corp. (Canada)

13.2.9. GEO Drilling Fluids, Inc. (U.S.)

13.2.10. Anchor Drilling Fluids USA, Inc. (U.S.)

  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Schlumberger Limited (France)
  • Halliburton Inc. (U.S.)
  • Baker Hughes Incorporated (U.S.)
  • Newpark Resources Inc. (U.S.)
  • National Oilwell Varco. (USA)
  • Scomi Group Bhd (Malaysia)
  • TETRA Technologies, Inc. (U.S.)
  • Canadian Energy Services & Technology Corp. (Canada)
  • GEO Drilling Fluids, Inc. (U.S.)
  • Anchor Drilling Fluids USA, Inc. (U.S.)

Description

The global drilling fluids market estimated to be valued US$ 10 Bn in 2021 and poised to grow at significant CAGR of 4.4% over 2022-2028. Global drilling fluids market report gives comprehensive outlook on drilling fluids market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type, by application type, and regions. This report studies global market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions and market unmet needs (Product Opportunities). Key stakeholders of the global drilling fluids market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global drilling fluids market activities. Furthermore, corporations have invested heavily in research and development to develop bio-based drilling fluids generated from vegetable oils. Water-based drilling fluids are becoming more popular as environmental worries about the adverse impacts of utilising oil-based fluids grow. Over the projection period, rising environmental, health, and safety concerns over mud discharge and cuttings disposal are projected to stymie market expansion. As a result, manufacturing businesses are refocusing their efforts on developing innovative nanotechnology-based solutions to address technological and environmental concerns. Because of the cost-effectiveness and lesser environmental impact of the discharged cuttings and mud, these fluids are expected to see increased penetration and growth rates. Over the projection period, demand for water-based fluids is expected to be driven by a growing focus on enhancing the inhibitive and thermal performance of water-based systems in order to compete with non-aqueous fluids used for demanding applications such as offshore and onshore shelf activities.

Recent Market Developments:

 

In May 2022, The Long Pond Marine Base and Blue Water Group entered into a new partnership to support the offshore energy industry. The partnership will offer “a complete solution for the industry” in one location.

In May 2022, Invictus Energy signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.

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