Drilling Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028
Drilling chemicals are also called as 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 for 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.
According to International Trade Administration, in 2016, United Arab Emirates (UAE) produced 3.7 million barrels per day (b/d) of petroleum and other liquids, of which 2.9 million b/d was crude oil and remainder was non-crude liquids. The state-owned Abu Dhabi National Oil Company (ADNOC) and its operating companies are in the process of expanding the output of crude oil to 3.5 million barrels per day by 2020, which the country aims to maintain until 2027. Therefore, increasing production of crude oil is expected to boost drilling chemicals market growth during the forecast period.
Market Dynamics
Among applications, the onshore drilling segment is expected to witness significant market share in the global drilling chemicals market. In 2021, the segment accounted for approximately 70.0% share in the global drilling chemicals market in terms of revenue. The onshore oil and natural gas industry continues 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 2027. This is owing to 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 (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity 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, Halliburton, and others
Insights from this report would allow marketers and the management authorities of the companies to make 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
Detailed Segmentation:
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.
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Canada
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Mexico
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
South America
Brazil
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Argentina
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Rest of South America
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Europe
Germany
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Italy
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
France
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Rest of Europe
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Asia Pacific
China
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
India
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Japan
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
South Korea
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Rest of Asia Pacific
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Middle East
Middle East
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
Africa
Africa
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
By Base Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
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
“*” marked represents similar segmentation in other categories in the respective section.
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