Drilling Chemicals Market, By Chemicals (Dispersants & Deflocculants, Clean Up Chemicals, Shale Stabilizers, Drilling Mud Defoamers and Foaming Agents, Drilling Mud Lubricants, Drilling Mud Surfactants, Spotting Fluids, Fluid Loss Control Additives, Loss Circulation Material, Emulsifiers for Water-based and Oil-based Systems, Drilling Polymers, Weight Materials, Corrosion Inhibitor, Scavengers & Biocides, Viscosifiers, Adhesives & Sealants, and Commercial Chemicals), By Base Fluid Type (Oil-based Fluids (OBF), Water-based Fluids, Synthetic-Based Drilling Fluids, and Pneumatic Drilling Fluids), By Application (Onshore Drilling and Offshore Drilling), and By Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Drilling chemicals are also called drilling muds which are heavy, viscous fluid mixture that is used in oil and gas drilling operations to carry rock cuttings to the surface and also to lubricate and cool the drill bit. Drilling chemicals find application in simpler bore holes such as water wells and metal and mineral extraction. Depending on the application, drilling chemicals are classified into onshore and offshore chemicals. Therefore, increasing demand for drilling chemicals is expected to boost the drilling chemicals market growth over the forecast period.
Market Dynamics
Among applications, the onshore drilling segment is expected to witness a significant market share in the global drilling chemicals market. In 2021, the segment accounted for around 70.0% share of the global drilling chemicals market in terms of revenue. The onshore oil and natural gas industry continue to evolve, developing best practices and improving well designs. This evolution resulted in reduced drilling and completion times, lower total well costs, and increased well performance.
Asia Pacific is expected to emerge as one of the potential areas for investment by the end of 2030. This is owing to the significant growth of the oil and gas industry in India and China. According to India Brand Equity Foundation, the oil and natural gas industry in India is expected to attract US$ 25 billion investment in exploration and production projects by 2022.
Key features of the study:
- This report provides in-depth analysis of drilling chemicals market and provides market size (US$ Million & KT) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2022 – 2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global drilling chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Anchor Drilling Fluids Inc., MB Holding Company LLC, Tetra Technologies Inc., International Drilling Fluids and Engineering Services (Idec) Ltd., Canadian Energy Services Inc., Weatherford International Ltd., Global Fluids & Chemical Co., Baker Hughes, Newpark Drilling Fluids LLC., Diamoco Group, M-I SWACO, Schlumberger, Oren Hydrocarbons, and Halliburton
- Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
- The global drilling chemicals market report caters to various stakeholders in this industry including investors, suppliers, drilling chemicals manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the drilling chemicals market
- Global Drilling Chemicals Market, By Chemicals:
- Dispersants & Deflocculants
- Clean Up Chemicals
- Shale Stabilizers
- Drilling Mud Defoamers and Foaming Agents
- Drilling Mud Lubricants
- Drilling Mud Surfactants
- Spotting Fluids
- Fluid Loss Control Additives
- Loss Circulation Material
- Emulsifiers for Water-based and Oil-based Systems
- Drilling Polymers
- Weight Materials
- Corrosion Inhibitor
- Scavengers & Biocides
- Viscosifiers
- Adhesives & Sealants
- Commercial Chemicals
- Global Drilling Chemicals Market, By Base Fluid Type:
- Oil-based Fluids
- Water-based Fluids
- Synthetic-based Drilling Fluids
- Pneumatic Drilling fluids
- Global Drilling Chemicals Market, By Application:
- Onshore Drilling
- Offshore Drilling
- Global Drilling Chemicals Market, By Region:
- North America
- U.S.
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Middle East
- Africa
- Company Profiles
- Anchor Drilling Fluids Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- MB Holding Company LLC
- Tetra Technologies Inc.
- International Drilling Fluids and Engineering Services (Idec) Ltd.
- Canadian Energy Services Inc.
- Weatherford International Ltd.
- Global Fluids & Chemical Co.
- Baker Hughes
- Newpark Drilling Fluids LLC
- Diamoco Group
- M-I SWACO
- Schlumberger
- Oren Hydrocarbons
- Halliburton
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Chemicals
- Market Snippet, By Base Fluid Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- 4. Global Drilling Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Drilling Chemicals Market– COVID-19
- Impact Analysis
- 5. Global Drilling Chemicals Market, By Chemicals, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Dispersants & Deflocculants
- Lignites
- Lignosulfonates
- Tannin
- Polyacrylates
- Anionic Polymer
- Clean Up Chemicals
- Drilling Detergent
- Rig Wash Fluid
- Shale Stabilizer
- Sodium Sulfonated Asphalt
- Potassium Sulfonated Asphalt
- Oxidized Asphalt
- Synthetic Gilsonite
- Partially Hydrolyzed Poly Acryl amide (PHPA)
- Cloud Point Glycol
- Sodium Silicate
- Potassium Silicate
- Polyacrylate
- Polyglycol
- Polyacrylamide
- Natural Gilsonite
- Drilling Mud Defoamers and Foaming Agents
- Alcohol Base Defoamer
- Stearate Base Defoamer
- Butyl Base Defoamer
- Drilling Foamer
- Silicate Base Defoamer
- Drilling Mud Lubricants
- Extreme Pressure Lubricant (Water Based)
- Extreme Pressure Lubricant (Ester Based)
- Extreme Pressure Lubricant (For Sodium Silicate Mud)
- Extreme Pressure Lubricant (Environmentally Friendly Non-toxic Oil Based)
- Drilling Mud Surfactants
- Anionic Surfactant
- Cationic Surfactant
- Non Ionic Surfactant
- Spotting Fluids
- Asphaltic Base
- Weighted
- Non-weighted
- Fluid Loss Control Additives
- Carboxy Methyl Cellulose
- Poly Anionic Cellulose
- Resinated Lignite
- Poly Anionic Cellulose
- Pregelatinized Starch
- Modified Lignite
- Guar Gum
- Sodium Polyacrylate
- Loss Circulation Material
- Walnut Shell
- Mica Flakes
- Blended & Fiberous LCM
- Calcium Carbonate
- Cotton Seed Hull
- Cellophane Flakes
- Emulsifiers for Water-based and Oil-based Systems
- Primary Emulsifier
- Secondary Emulsifier
- Drilling Polymers
- PHPA
- Cloud Point Glycol
- Xanthum Gum
- HydrEthyl Cellulose (HEC)
- Sodium Polyacrylate
- Weight Materials
- Barite
- Calcium Carbonate
- Hematite
- Attapulgite Clay
- Corrosion Inhibitor
- Corrosion Inhibitor for Oil Line
- Corrosion Inhibitor for Gas Line
- Scavengers & Biocides
- Oxygen Scavenger
- Zinc Carbonate (H2S Scavenger)
- Biocide
- Amine Type
- Aldehyde Type
- Ammonium Type
- Viscosifiers
- Bentonite Extender
- Carboxy Methyl Cellulose (CMC)
- Poly Anionic Cellulose (PAC)
- Drilling Starch
- Guar Gum
- Attapulgite Clay (Salt Water Clay)
- Organophilic Clay
- Xanthum Gum (XC Polymer)
- Adhesives & Sealants
- Epoxy Based Sealants
- ThermSetting Adhesives
- Cold Setting Adhesives
- Phenolic resins and other modified Resins
- Commercial Chemicals
- Potassium Chloride (KCL)
- Calcium Chloride
- Salt: Sodium Chloride
- Calcium Bromide
- Lime: Calcium Hydroxide
- Potassium Sulphate
- Sodium Bi-Carbonate
- Potassium Hydroxide (KOH)
- SAPP
- Caustic Soda
- Soda Ash
- Soda Bi-Carbonate
- Citric Acid
- Caustic Soda
- 6. Global Drilling Chemicals Market, By Base Fluid Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Oil-based fluids (OBF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- Shale Stabilizer
- Rheology Modifier
- Mud thinner
- Viscosifier
- Flitrate Reducer
- Emulsifiers
- Wetting Agent
- Others
- Water-based Fluids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- High Performance Water Based Fluids
- Clear Brine Drilling Fluids
- Synthetic-based Drilling Fluids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- Esters
- Polyalphaolefins (PAOs)
- Olefin Isomers
- Others
- Pneumatic Drilling Fluids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- Air/Gas
- Aerated Fluids
- Foam
- 7. Global Drilling Chemicals Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2019 – 2027
- Segment Trends
- Onshore Drilling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- Offshore Drilling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
- 8. Global Drilling Chemicals Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030(%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- U.S.
- Canada
- Mexico
- Latin America
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Brazil
- Argentina
- Rest of South America
- Europe
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- Africa
- Market Share Analysis, By Country, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2030
- 9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Anchor Drilling Fluids Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- MB Holding Company LLC
- Tetra Technologies Inc.
- International Drilling Fluids and Engineering Services (Idec) Ltd.
- Canadian Energy Services Inc.
- Weatherford International Ltd.
- Global Fluids & Chemical Co.
- Baker Hughes
- Newpark Drilling Fluids LLC.
- DiamocGroup
- M-I SWACO
- Schlumberger
- Oren Hydrocarbons
- Halliburton
- 10. Section
- References
- Research Methodology
- About Us and Sales Contact
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