Onshore Drilling Fluid Market In US 2024-2028
The onshore drilling fluid market in US is forecasted to grow by USD 401.08 mn during 2023-2028, accelerating at a CAGR of 4.45% during the forecast period. The report on the onshore drilling fluid market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in demand for oil and natural gas, rise in unconventional oil and gas resources in US, and increasing demand for drilling longer lateral lengths.
Technavio's onshore drilling fluid market in US is segmented as below:
By Product Type
- Water-based
- Oil-based
- Synthetic-based
By Method
By Type
- Permian
- Eagle Ford
- Niobrara
- Others
This study identifies the rise in demand for sustainable onshore drilling fluids as one of the prime reasons driving the onshore drilling fluid market in US growth during the next few years. Also, emergence of next-generation automated drilling rigs and continuous growth in demand for oil from Permian basin will lead to sizable demand in the market.
The report on the onshore drilling fluid market in US covers the following areas:
- Onshore drilling fluid market in US sizing
- Onshore drilling fluid market in US forecast
- Onshore drilling fluid market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading onshore drilling fluid market in US vendors that include Active Minerals International LLC, Baker Hughes Co., CES Energy Solutions Corp., Chevron Phillips Chemical Co. LLC, Diversity Technologies Corp., Economy Polymers and Chemicals, FDF Energy, Global Drilling Fluids and Chemicals Ltd., Gumpro Drilling Fluids, Halliburton Co., HMC Fluids and Engineering, Imdex Ltd., Impact Fluid Solutions, MATRIX Construction Products LLC, Newpark Resources Inc., NOV Inc., Quaker Chemical Corp., Schlumberger Ltd., SUPREME DRILLING FLUID CHEMICALS, Weatherford International Plc, and China Petroleum and Chemical Corp.. Also, the onshore drilling fluid market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.