Drilling Fluids Market, By Application (Onshore, and Offshore), By Product (Water-Based Drilling Fluids, Oil-Based Drilling Fluids, Synthetic-Based Drilling Fluids, and Others (Foams, Mist, Gas, Dust, Aerated Liquid)), By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Drilling Fluids are mud mixtures used to aid in drilling oil and gas wells. These muds carry rock cuttings to the surface and lubricate and cool the drill bit. They also help avoid the collapse of unstable strata into the borehole and the intrusion of water from water-bearing formations. A well-prepared mud can also prevent contamination of the surrounding environment. Waste mud is typically stored in a dedicated pit, which can be lined with brick or pressure treated wood. A separate storage pit may be used to hold drilling fluid that is not being used or pumped at a particular time, such as after a rig has been shut in for a workover or completion operation.
Market Dynamics:
The significant increase in the number of shale gas drilling operations taking place across North America and other regions driving the demand for drilling muds with higher viscosity. This in turn is expected to propel growth of the global drilling fluids market over the forecast period.
However, a major restraint in the market is the environmental impact of using drilling fluids. These fluids contain toxic chemicals that are discharged into the groundwater during the down-hole injection and onshore disposal processes. This factor in turn is expected to hinder growth of the global drilling fluids market over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global drilling fluids market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global drilling fluids market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Baker Hughes Company, Schlumberger Limited, Weatherford, DIAMOCO Group, Conquest Drilling, QMax, ChemFor, Dynamic Drilling Fluids, Halliburton, Newpark Resources Inc., AES Drilling Fluids, NOV Inc., Stellar Drilling Fluids. LLC, Secure Energy, Total Energies, and Valence Drilling Fluids, LLC
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global drilling fluids market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global drilling fluids market
Detailed Segmentation:
Global Drilling Fluids Market, By Application:
Onshore
Offshore
Global Drilling Fluids Market, By Product:
Water-Based Drilling Fluids
Oil-Based Drilling Fluids
Synthetic-Based Drilling Fluids
Others (Foams, Mist, Gas, Dust, Aerated Liquid)
Global Drilling Fluids Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Baker Hughes Company
Schlumberger Limited
Weatherford
DIAMOCO Group
Conquest Drilling
QMax
ChemFor
Dynamic Drilling Fluids
Halliburton
Newpark Resources Inc.
AES Drilling Fluids
NOV Inc.
Stellar Drilling Fluids. LLC
Secure Energy
Total Energies
Valence Drilling Fluids, LLC
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Application
Market Snapshot, By Product
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rise in onshore and offshore drilling activities
Growing demand for shale gas
Restraints
Changing prices of crude oil
High cost of deepwater and ultra-deepwater drilling
Opportunities
Rise in oil demand in Asia Pacific region
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Drilling Fluids Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Drilling Fluids Market, By Application, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Onshore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Offshore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Drilling Fluids Market, By Product, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Water-Based Drilling Fluids
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Oil-Based Drilling Fluids
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Synthetic-Based Drilling Fluids
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Others (Foams, Mist, Gas, Dust, Aerated Liquid)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
7. Global Drilling Fluids Market, By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018–2028
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2023-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2023-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2023-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2023-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2023-2030,(US$ Bn)
8. Competitive Landscape
Baker Hughes Company
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Schlumberger Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Schlumberger Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Weatherford
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
DIAMOCO Group
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Conquest Drilling
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
QMax
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
ChemFor
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Dynamic Drilling Fluids
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Halliburton
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Newpark Resources Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
AES Drilling Fluids
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
NOV Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Stellar Drilling Fluids. LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Secure Energy
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Total Energies
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Valence Drilling Fluids, LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
9. Section
Research Methodology
About us
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