June 15, 2018 - 10:24 AM EDT
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Global Drilling Fluids Market Outlook 2017-2026, With an Expected CAGR of 10.1% - ResearchAndMarkets.com

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The "Drilling Fluids - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, the Global Drilling Fluids Market is expected to grow at a CAGR of 10.1% during the forecast period.

Increasing crude oil & natural gas demand in various energy-intensive industries and growing demand for increasing production rates, efficiency and mitigating gas related capital expenditures are some of the key factors fueling the market growth. However, rising environmental, health and safety concerns regarding mud discharge and disposal of cuttings are hindering the growth of the market. One of major opportunities in the market is technological developments to modify the fluid rheology for efficient extraction in various formations.

Drilling Fluids refers to the liquid and gaseous fluid or mixtures of fluids and solids used in drilling operations. Drilling fluids aids to control pressure in a well by equalizing the pressure of the rock formations and the hydrocarbons. It is used for a particular task to avoid formation damage and to limit corrosion. It is also known as drilling mud. It is generally classified as water based, oil based and synthetic fluids.

By product, Water-based mud (WBF) segment is anticipated to grow the market owing to possess high penetration and expansion rate on account of cost-effectiveness and reduce environmental impacts of the discharged cuttings and mud. Common categories of water-base muds are fresh water, seawater, salt water, lime, potassium and silicate.

Companies Mentioned

  • Weatherford International
  • Anchor Drilling Fluids USA, LLC
  • China Oilfield Services Limited
  • Baker Hughes, Inc.
  • Catalyst LLC
  • Halliburton, Inc.
  • Schlumberger Limited
  • Petrochem Performance Chemicals Ltd. LLC
  • International Drilling Fluids and Engineering Services (IDEC) Ltd
  • Flotek Industries, Inc.
  • Global Drilling Fluids and Chemicals Limited
  • Scomi Group Berhad
  • Newpark Resources, Inc.
  • TETRA Technologies, Inc.
  • National Oilwell Varco

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Drilling Fluids Market, By Product

6 Global Drilling Fluids Market, By Application

7 Global Drilling Fluids Market, By Geography

8 Key Developments

9 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/swv4mv/global_drilling?w=4

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Related Topics: Oilfield Equipment and Services, Oilfield Chemicals


Source: Business Wire (June 15, 2018 - 10:24 AM EDT)

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