Drilling Fluids Market to Reach $10 Billion by 2025 - Analysis by Product & Application - Research and Markets
The "Drilling
Fluids Market Analysis by Product (Oil-Based Fluids (OBF),
Synthetics-Based Fluids (SBF), Water-Based Fluids (WBF)), by Application
and Segment Forecasts, 2014 - 2025" report has been added to Research
and Markets' offering.
The global drilling fluids market is expected to reach USD 10.01 billion
by 2025. Increasing upstream spending to sustain oil production targets
is anticipated to drive oil & gas industry drilling activities over the
forecast period. Technological advancements to modify the fluid rheology
for efficient extraction in different formations have created lucrative
avenues for industry participants.
Increased maintenance costs and environmental risks associated with
offshore locations, have urged companies to deploy drill mud for
cost-efficient E&P activities. Growing demand for increasing production
rates, efficiency and mitigating gas related capital expenditures is
expected to drive drilling fluids demand in offshore activity, over the
long term. Growing number of ongoing projects in the Middle East and
Africa including, Maydan Mahzam and Bul Hanine fields are projected to
drive product demand over the next nine years.
WBF emerged as a leading drilling fluid product segment covering 50.4%
market revenue share in 2016. The OBF segment is expected to lose share
over the forecast period and account for 26% of the total industry value
by 2025.
Companies Mentioned
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Baker Hughes, Inc.
-
Halliburton, Inc.
-
Weatherford International
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Schlumberger Limited
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Newpark Resources, Inc.
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Anchor Drilling Fluids USA, LLC
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TETRA Technologies, Inc.
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Petrochem Performance Chemicals Ltd. LLC
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Canadian Energy Services & Technology Corporation
-
International Drilling Fluids and Engineering Services (IDEC) Ltd
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China Oilfield Services Limited
-
Flotek Industries, Inc.
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Global Drilling Fluids and Chemicals Limited
-
National Oilwell Varco (NOV)
-
Scomi Group Bhd
-
Catalyst LLC
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Drilling Fluids Market Variables, Trends, and Scope
Chapter 4 Drilling Fluids Market: Product Outlook
Chapter 5 Drilling Fluids Market: Application Outlook
Chapter 6 Drilling Fluids Market: Regional Outlook
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/clsf55/drilling_fluids
View source version on businesswire.com: http://www.businesswire.com/news/home/20171006005275/en/
Copyright Business Wire 2017
Source: Business Wire
(October 6, 2017 - 5:15 AM EDT)
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