Drilling Fluids

Drilling Fluids Market Upcoming Trends and Revenues Analysis Report Drilling Fluids Market (By Application: Offshore, Onshore; By Product: Water-based fluids (WBF), Oil-based fluids (OBF), Synthetic-based fluids (SBF)) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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[150+ Pages Report] The drilling fluids market size in terms of value is projected to reach $ 11  billion by 2027, at a CAGR of 4.42% between 2020 and 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global drilling fluids market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global drilling fluids market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the drilling fluids industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

Budding requirement for natural gas and crude oil in innumerable energy-intensive sectors like manufacturing, power generation, and transportation has insisted exploration and production corporations to upsurge their spending for offshore and onshore drilling undertakings. Technological encroachments plus great demand are progressively placing a pressure to upsurge the depth of wells. This type of drilling is conducted in high pressure and temperature circumstances. Deeper and horizontal wells come across a variety of stability, drilling, pressure and further concerns that need a more refined drilling fluid system and superior volume of drilling fluids. An operative drilling fluid system decreases time to drill, aids to raise wellbore stability, and make the most of retrieval from the reservoir, therefore certainly influencing the financial return of the well. In this way, escalation in offshore and onshore drilling undertakings of wells is projected to push the demand for completion and drilling fluids in the near future.

The year-on-year growth in drilling accomplishments has propelled the sales of drilling fluids. Intensification in the amount of marine ships for numerous processes outside and inside a country has enhanced the requirement for fuel-efficient marine propulsion systems. Environmental guidelines enforced by governments of numerous nations are projected to fuel the sale of synthetic-based muds during next few years. Synthetic-based muds are developed to diminish the ecological influence of offshore drilling maneuvers. However, synthetic-based muds comprise specialty chemicals that has higher price compared to oil-based muds.

Report Highlights

  • In 2019, water-based fluids segment conquered the global drilling fluid market revenue on account of facts including upsurge in environmental apprehensions and economical cost of these fluids
  • Corporations involved in this domain are progressively concentrating on evolving improved technology based products on account of developing industrial requirement for cutting-edge technology for drilling operations.
  • Synthetic-based fluids is anticipated to record a substantial progression rate during years to come due to its low bioaccumulation latent, low toxicity, and inferior fluid loss in comparison with the other alternatives

Report Scope of the Drilling Fluids Market

Report Highlights Details
Market Size USD 11 Billion by 2027
Growth Rate CAGR of 4.42% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Vehicle Class, Architecture, Region
Companies Mentioned National Oilwell Varco, Schlumberger Limited, Baker Hughes Incorporated, Anchor Drilling Fluids USA, LLC, Gumpro Drilling Fluids Pvt. Ltd.

Regional Snapshots

In 2019, North America conquered the drilling fluids market with majority of the revenue generated across the globe. This growth is credited to the factors like rising offshore drilling undertakings in the Gulf of Mexico and shale boom. Further, the upwelling in discovery unexploited oil and gas reserves is predicted to drive the growth of regional market during forthcoming years. Huge reserves of unconventional hydrocarbon in the form of shale gas plus great investments from international oil and gas establishments including Shell, Suncor Energy, Imperial Oil, Husky Energy, ExxonMobil, and Cenovus is projected to escalate drilling undertakings in the region in the next few years.

Middle East is foreseen to observe substantial progression account of developments in offshore actions like contract signature and cumulative oil production operations in numerous regions, such as Qatar and Iran. Furthermore, revitalization of abandoned oil wells in the Persian Gulf and marketing current rig maneuvers are predicted to push offshore gas and oil production operations in the region.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global drilling fluids market are as follows:

  • National Oilwell Varco
  • Schlumberger Limited
  • Baker Hughes Incorporated
  • Anchor Drilling Fluids USA, LLC
  • Gumpro Drilling Fluids Pvt. Ltd.

By Product

  • Water-based fluids (WBF)
  • Oil-based fluids (OBF)
  • Synthetic-based fluids (SBF)
  • Others

By Application

  • Offshore
  • Onshore

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the drilling fluids market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global drilling fluids market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for drilling fluids are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Drilling Fluids Market, By Product

7.1. Drilling Fluids Market, by Product Type, 2020-2027
7.1.1. Water-based fluids (WBF)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Oil-based fluids (OBF)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Synthetic-based fluids (SBF)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Drilling Fluids Market, By Application

8.1. Drilling Fluids Market, by Application, 2020-2027
8.1.1. Offshore
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Onshore
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Drilling Fluids Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. National Oilwell Varco
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Schlumberger Limited
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Baker Hughes Incorporated
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Anchor Drilling Fluids USA, LLC
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Gumpro Drilling Fluids Pvt. Ltd.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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