Global Drilling Fluids Market (Water-Based Fluids, Oil-Based Fluids and Synthetic-Based Fluids) for Oil and Gas (Offshore & Onshore) - Application Analysis, and Forecasts 2020–2025

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

Due to the increasinginnovation in the nanotechnology in the exploration of oil and gas industry hasspurred the growth of the drilling fluids market, with major companiesinvesting 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.

The global market for drilling fluids was estimated to be US$ 16.0 billion in 2025, and is expected to grow at a CAGR of more than 8.0% from 2019 to 2025.

Drilling fluids market is classified asbelow:

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

The report additionallyprovides qualitative analysis of the leading players, with clear insight andanalysis on the development strategies adopted by the market players.

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

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-105816

Companies mentioned in the research report are as below:

The players mentioned andevaluated 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 ondrilling fluids used in onshore and offshore application areas. Thesegmentation followed in the report has been listed below.

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 RegionalOutlook (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.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

 

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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