October 6, 2017 - 5:15 AM EDT
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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

  • Baker Hughes, Inc.
  • Halliburton, Inc.
  • Weatherford International
  • Schlumberger Limited
  • Newpark Resources, Inc.
  • Anchor Drilling Fluids USA, LLC
  • TETRA Technologies, Inc.
  • Petrochem Performance Chemicals Ltd. LLC
  • Canadian Energy Services & Technology Corporation
  • International Drilling Fluids and Engineering Services (IDEC) Ltd
  • China Oilfield Services Limited
  • Flotek Industries, Inc.
  • 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

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Oil and Gas Exploration and Production, Oilfield Chemicals

Source: Business Wire (October 6, 2017 - 5:15 AM EDT)

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