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Drilling and Completion Fluids Market by Application Areas, by Types & by Geography - Global Trends & Forecast to 2019

  • ID: 2644603
  • December 2014
  • Region: Global
  • 179 Pages
  • Markets and Markets
The global drilling and completion fluids market is projected to reach $16,314.4 million by 2019, at a CAGR of 7.3% from 2014-2019.

FEATURED COMPANIES

  • Akzonobel Nv
  • Baker Hughes Inc.
  • Halliburton
  • M-I Swaco
  • Newpark Resources Inc.
  • Scomi Group Bhd
  • MORE

Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019

This report analyzes the drilling and completion fluids market in terms of value and volume. The drilling and completion fluids market is segmented on the basis of the base fluid type, which includes water-based systems, oil-based systems, synthetic-based systems and other based systems. The market is further segmented on the basis of regions into North America, Latin America, Asia-Pacific, Europe, Africa, the Middle East, and Rest of the World (RoW).

Drilling fluids are used during drilling activity for providing lubrication, cooling of the drill bit, removal and transport, rock cutting, and for improving the overall drilling operation. Drilling fluids are essential to recover oil from new oil and gas fields from the reservoirs lying in remote and unfriendly environments where extraction relies exclusively on drilling fluids. Increasing production of crude oil is driving the demand for drilling fluids across the globe. Consumption of READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Akzonobel Nv
  • Baker Hughes Inc.
  • Halliburton
  • M-I Swaco
  • Newpark Resources Inc.
  • Scomi Group Bhd
  • MORE

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Drilling & Completion Fluids Market, By Type & By Application
1.3.2 Drilling & Completion Fluids Market, By Region
1.3.3 Years
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.3.1 Key Industry Insights
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunity For Water-Based Drilling & Completion Fluids
4.2 North America Dominated The Drilling & Completion Fluids Market
4.3 U.S. Commands Majority Of The Market Share
4.4 North America Will Dominate The Drilling & Completion Fluids Market
4.5 Major Countries In The Drilling & Completion Fluids Market
4.6 Asia-Pacific & North America Will Demand For Most Of The Drilling & Completion Fluids By 2019

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.1.1 Drivers
5.1.1.1 Growth In Drilling Activities
5.1.1.1.1 Increasing Drilling Footage
5.1.1.2 Growth In Increased Oil Production
5.1.1.2.1 Oil & Gas Production
5.1.1.3 Continuous Rise In Global Drilling Activities
5.1.1.4 Technological Developments And Exploration Activities For Shale Gas, Cbm
5.1.2 Restraints
5.1.2.1 Impact Of Drilling Fluids On The Environment And Surrounding Eco System
5.1.2.2 Strict Government Regulations
5.1.3 Market Opportunities
5.1.3.1 Development Of Advanced Drilling Fluid Chemicals
5.1.3.2 Focus On Deep & Ultra-Deepwater Reserves
5.2 Burning Issue
5.2.1 Shortage Of Mud Engineering Professionals
5.3 Winning Imperatives
5.3.1 Mergers & Acquisitions Is The Key In Drilling & Completion Fluids Market
5.3.2 Technological Innovation
5.4 Impact Analysis

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Raw Material Manufacturers
6.1.2 Drilling & Completion Fluids Manufacturers
6.1.2.1 Base Fluids Manufacturers
6.1.2.2 Additives Manufacturers
6.1.2.3 Complete Drilling & Fluid Solution Manufacturers
6.1.3 End-Users
6.2 Porter’s Five Forces Analysis
6.2.1 Threat Of New Entrants
6.2.2 Threat Of Substitutes
6.2.3 Bargaining Power Of Buyers
6.2.4 Bargaining Power Of Suppliers
6.2.5 Degree Of Competition

7 Drilling & Completion Fluids Market, By Base Fluids Type
7.1 Introduction
7.2 Market Analysis
7.2.1 Drilling & Completions Fluids Market
7.2.2 Water-Based Drilling & Completion Fluids
7.2.2.1 Introduction
7.2.2.2 Water-Based Fluids: Single-Largest Used Base Fluid Type
7.2.3 Oil-Based Drilling & Completion Fluids
7.2.3.1 Introduction
7.2.3.2 Growth Rate Is Achieving Maturity Owing To Stringent Environmental Policies
7.2.4 Synthetic-Based Drilling & Completion Fluids
7.2.4.1 Introduction
7.2.4.2 High Potential Market For Fluids Base Type
7.2.5 Other Drilling & Completion Fluids
7.2.5.1 Introduction
7.2.5.2 Highest Growing Base Fluid Type Market

8 Drilling & Completion Fluids Market, By Application
8.1 Industry Overview
8.2 Market Share Analysis, By Application
8.2.1 Onshore
8.2.1.1 Introduction
8.2.1.2 The Largest Market Application Area
8.2.2 Offshore
8.2.2.1 Introduction
8.2.2.2 Major Growth Engine Of A Global Market

9 Drilling & Completion Fluids Market, By Region
9.1 Introduction
9.2 Regional Analysis Of Drilling & Completion Fluids Market
9.3 Base Fluid Type Analysis, By Region
9.3.1 North America
9.3.1.1 Industry Trends
9.3.1.2 Largest Regional Market For Drilling And Completion Fluids
9.3.1.3 Country-Wise Analysis
9.3.1.3.1 U.S.
9.3.1.3.2 Canada
9.3.2 Asia-Pacific
9.3.2.1 Industry Trends
9.3.2.2 Second-Largest Geographic Market Driven By Major Drilling Activities In China
9.3.2.3 Country-Wise Analysis
9.3.2.3.1 China
9.3.2.3.2 Australia
9.3.2.3.3 Thailand
9.3.2.3.4 India
9.3.2.3.5 Indonesia
9.3.2.3.6 Others
9.3.3 Europe
9.3.3.1 Industry Trends
9.3.3.2 Market Towards Maturity
9.3.3.3 Country-Wise Analysis
9.3.3.3.1 Russia
9.3.3.3.2 Norway
9.3.3.3.3 U.K.
9.3.3.3.4 Others
9.3.4 Latin America
9.3.4.1 Industry Trends
9.3.4.2 Highly Potential Market Owing To The Rapid Growth Of Mexico And Brazil
9.3.4.3 Country-Wise Analysis
9.3.4.3.1 Mexico
9.3.4.3.2 Brazil
9.3.4.3.3 Venezuela
9.3.4.3.4 Argentina
9.3.4.3.5 Others
9.3.5 Africa
9.3.5.1 Industry Trends
9.3.5.2 Exploration Of New Hydrocarbon Reserves Driving The High Growth Of The Region
9.3.5.3 Country-Wise Analysis
9.3.5.3.1 Egypt
9.3.5.3.2 Algeria
9.3.5.3.3 Angola
9.3.5.3.4 Libya
9.3.5.3.5 Nigeria
9.3.5.3.6 Others
9.3.6 Middle East 108
9.3.6.1 Industry Trends
9.3.6.2 Small Market Share With Decent Growth Rate
9.3.6.3 Country-Wise Analysis
9.3.6.3.1 Oman
9.3.6.3.2 Saudi Arabia
9.3.6.3.3 Others
9.3.7 Rest Of The World
9.3.7.1 Industry Trends
9.3.7.2 Market Analysis
9.4 Application Areas Analysis, By Region
9.4.1 North America
9.4.1.1 Market Overview
9.4.1.2 Onshore Drilling Activities Dominate The Total Market
9.4.2 Asia-Pacific
9.4.2.1 Market Overview
9.4.2.2 Exploration Of New Offshore Gas Reserves Presents Great Opportunities
9.4.3 Europe
9.4.3.1 Market Overview
9.4.3.2 Onshore Market Is The Major Growth Driver Of The Region
9.4.4 Latin America
9.4.4.1 Market Overview
9.4.4.2 Huge Investments For Gom Development Results In Excellent Growth Rate For Offshore Market
9.4.5 Africa
9.4.5.1 Market Overview
9.4.5.2 High Growth Rate For Both Onshore And Offshore Markets
9.4.6 Middle East
9.4.6.1 Market Overview
9.4.6.2 Low Average Drilling Depth Limits The Market Growth
9.4.7 Rest Of The World
9.4.7.1 Market Overview
9.4.7.2 Market Analysis

10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Situations & Trends
10.3.1 Mergers & Acquisitions
10.3.2 Agreements, Contracts, Joint Ventures, & Partnerships, 2011-2014
10.3.3 Expansions & Investments
10.3.4 New Product & Technology Launches

11 Company Profiles
(Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 Baker Hughes Inc.
11.3 Halliburton
11.4 M-I Swaco
11.5 Newpark Resources Inc.
11.6 Tetra Technologies Inc.
11.7 Akzonobel Nv
11.8 Canadian Energy Services & Technology Corp. (Ces)
11.9 National Oilwell Varco Inc.
11.10 Scomi Group Bhd
11.11 Secure Energy Services Inc.
11.12 Weatherford International Ltd
11.13 Chevron Phillips Chemical Company Llc.
11.14 Anchor Drilling Fluids Usa Inc.
11.15 Global Drilling Fluids & Chemicals Ltd.
*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

12 Appendix
12.1 Insights Of Industry Experts
12.2 Discussion Guide
12.3 Introducing Rt: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List Of Tables (86 Tables)

Table 1 Function Of Drilling & Completion Fluids
Table 2 Supply Of Crude Oil, By Geography, 2007-2011, Bbl/Day (‘000)
Table 3 Total Offshore Wells Drilled, 2011-2012
Table 4 Technically Recoverable Shale Oil Reserves, By Major Countries,2013 (Billion) Bbl
Table 5 Technically Recoverable Shale Gas Reserves, By Major Countries,2013 (Tcf)
Table 6 Governmental Drilling & Completion Fluids Discharge Regulations,By Countries
Table 7 Drilling & Completion Fluids Market Size, By Type,2012-2019 (Million Gallon)
Table 8 Drilling & Completion Fluids Market Size, By Type, 2012-2019 ($Million)
Table 9 Water-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallon)
Table 10 Water-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 11 Oil-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallon)
Table 12 Oil-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 13 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012–2019 (Million Gallons)
Table 14 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012–2019 ($Million)
Table 15 Other Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallons)
Table 16 Other Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million)
Table 17 Onshore Wells Drilled, By Region (Million Feet)
Table 18 Offshore Wells Drilled, By Region (Million Feet)
Table 19 Drilling & Completion Fluids Market Size, By Application Areas,2012–2019 ($Million)
Table 20 Onshore Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 21 Offshore Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 22 Drilling & Completion Fluids Volume Market, By Region,2012–2019 (Million Gallons)
Table 23 Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 24 North America: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 25 North America: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 26 North America: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 27 North America: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 28 U.S.: Drilling & Completion Fluids Market Size, By Base Fluid Types,2012–2019 ($Million)
Table 29 Canada: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 30 Asia-Pacific: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 31 Asia-Pacific: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 32 Asia-Pacific: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 33 Asia-Pacific: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 34 China: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 35 Australia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 36 Thailand: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 37 India: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 38 Indonesia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 39 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 40 Europe: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 41 Europe: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 42 Europe: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 43 Europe: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 44 Russia: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 45 Norway: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 46 U.K.: Drilling & Completion Fluids Market Size, By Base Fluid Types,2012–2019 ($Million)
Table 47 Others: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 48 Latin America: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 49 Latin America: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 50 Latin America: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 51 Latin America: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 52 Mexico: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 53 Brazil: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 54 Venezuela: Drilling & Completion Fluids Market, By Base Fluid Types, 2012–2019 ($Million)
Table 55 Argentina: Drilling & Completion Fluids Market, By Base Fluid Types, 2012–2019 ($Million)
Table 56 Others: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 57 Africa: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 58 Africa: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 59 Africa: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 60 Africa: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 61 Egypt: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 62 Algeria: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 63 Angola: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 64 Libya: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 65 Nigeria: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 66 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 67 Middle East: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 68 Middle East: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 69 Middle East: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 70 Middle East: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 71 Oman: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 72 Saudi Arabia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 73 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 74 Row: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 75 Row: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 76 North America: Drilling & Completion Fluids Market Size, By Application Areas, 2012–2019 ($Million)
Table 77 Asia-Pacific: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 78 Europe: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 79 Latin America: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 80 Africa: Drilling & Completion Fluids Market, By Application Areas,2012–2019 ($Million)
Table 81 Middle East: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 82 Row: Drilling & Completion Fluids Market, By Application Areas,2012–2019 ($Million)
Table 83 Mergers & Acquisitions, 2014-2019
Table 84 Agreements, Contracts, Joint Ventures, & Partnerships, 2011-2014
Table 85 Expansion & Investments, 2011-2014
Table 86 New Product & Technology Launches, 2011-2014

List Of Figures (63 Figures)

Figure 1 Drilling & Completion Fluids Market: Research Design
Figure 2 Breakdown Of Primary Interviews: By Company Type, Designation,& Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Evolution Of Drilling & Completion Fluids
Figure 6 North America Dominated The Drilling & Completion Fluids Market In 2013
Figure 7 Synthetic-Based Systems Are Expected To Grow At Highest Cagr
Figure 8 North America Will Dominate Drilling & Completion Fluids Market In The Next Five Years
Figure 9 Water-Based Systems Dominate The Market Among The Top Three Types Of Drilling & Completion Fluids
Figure 10 More Than Half Of The Drilling & Completion Fluids Market Was Dominated By Water-Based Systems, In 2013
Figure 11 U.S. & China Held A Majority Of The Market Share In 2013
Figure 12 North America Dominated All Types Of The Drilling & Completion Fluids Market In 2013
Figure 13 U.S. & Canada Is Expected To Acquire More Than 50% Of The Total Market In The Next Five Years
Figure 14 Drilling & Completion Fluids Market In Latin America Will Grow At The Highest Cagr During The Forecast Period
Figure 15 Market Segmentation: Drilling And Completion Fluids Market
Figure 16 Key Market Factors
Figure 17 Crude Oil Production, 2009-2013, Bbl/Day (‘000)
Figure 18 Drilling & Completion Fluids Market Flow Through Echelons
Figure 19 Drilling & Completion Fluids Market: Value Chain Analysis
Figure 20 Porter’s Five Forces Analysis: Drilling And Completion Fluids Market
Figure 21 Classification Of Drilling & Completion Fluids Base
Figure 22 Water-Based Systems Will Dominate The Drilling & Completion Fluids Market Over The Next Five Years
Figure 23 Key Growth Drivers Of Drilling & Completion Fluids Market, By Segment
Figure 24 Water-Based Systems Market In Latin America Will Grow At The Highest Rate In The Next Five Years
Figure 25 Onshore Application Dominates The Drilling & Completion Fluids Market
Figure 26 North America & Asia-Pacific Are Prominent Markets For Drilling & Completion Fluids In Onshore Application Areas
Figure 27 Latin America & Africa Will Grow At Higher Rates In The Offshore Drilling & Completion Fluids Market
Figure 28 Latin America Is Expected To Be The Fastest Growing Market For Drilling & Completion Fluids During The Forecast Period
Figure 29 North America Dominates The Drilling & Completion Fluids Market
Figure 30 Increase In Drilling Activities Is A Driving Force Of The Drilling & Completion Fluids Market In Major Regions
Figure 31 Trend Of North American Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 32 Consumption Of Water-Based Fluids Will Be Highest Compared To Other Types Of Fluids
Figure 33 Mexico & Egypt To Be The Fastest Growing Markets For Drilling & Completion Fluids
Figure 34 Trend Of Asia-Pacific Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 35 Trend Of European Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 36 Trend Of Latin American Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 37 Brazil Is The Fastest Growing Nation For Drilling & Completion Fluids In Latin America 97
Figure 38 Trend Of African Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 39 Trend Of Middle East Drilling Activities, By Country,2011–2012 (Million Feet)
Figure 40 Huge Reserves Of Onshore Oil & Gas Fileds Will Drive The Market For Drilling & Completion Fluids In North America
Figure 41 Companies Have Adopted Mergers & Acquisitions As The Key Growth Strategy In The Past Four Ears
Figure 42 Drilling And Completion Fluids Market Share Analysis By Key Players, 2013
Figure 43 Market Evaluation Framework - Mergers & Acquisitions Have Been The Most Preferred Strategies In The Drilling Fluids Market
Figure 44 Battle For Market Share: Mergers & Acquisitions Have Been Key Strategy
Figure 45 Baker Hughes: Business Overview
Figure 46 Baker Hughes: Swot Analysis
Figure 47 Halliburton: Business Overview
Figure 48 Halliburton: Swot Analysis
Figure 49 M-I Swaco: Business Overview
Figure 50 M-I Swaco: Swot Analysis
Figure 51 Newpark Resources: Business Overview
Figure 52 New Park Resources Inc.: Swot Analysis
Figure 53 Tetra Technologies Inc.: Business Overview
Figure 54 Tetra Technologies Inc.: Swot Analysis
Figure 55 Akzonobel: Business Overview
Figure 56 Canadian Energy Services & Technology Corp.: Business Overview
Figure 57 National Oilwell Varco: Business Overview
Figure 58 Scomi Group: Business Overview
Figure 59 Secure Energy Services: Business Overview
Figure 60 Weatherford: Business Overview
Figure 61 Chevron Phillips Chemical Company: Business Overview
Figure 62 Anchor Drilling Fluids Usa: Business Overview
Figure 63 Global Drilling Fluids & Chemicals: Business Overview

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Akzonobel Nv
  • Baker Hughes Inc.
  • Halliburton
  • M-I Swaco
  • Newpark Resources Inc.
  • Scomi Group Bhd
  • MORE

The global drilling and completion fluids market is projected to reach $16,314.4 million by 2019, at a CAGR of 7.3% from 2014-2019. Increasing offshore and onshore drilling activities and the growing number of productive well counts are expected to be the major drivers for the drilling and completion fluids market.

Drilling and completion fluids are critical for any drilling and exploration activity carried out onshore or offshore. They are used extensively on a global scale at drilling sites for cooling the wellbore, removing the rock cuttings, and transporting them to the surface. The ever-increasing energy demand and growing population are compelling operators to drill as deep as possible and in challenging geological conditions. The shale boom in North America and other regions has fueled the growth of drilling and completion fluids. The largest application area for drilling and completion fluids is the onshore application, as most of the drilling activities are carried out onshore. The major countries for the drilling and completion fluids market are the U.S. and Canada.

The global drilling and completion fluids market is growing exponentially due to the rising global energy demand, the shale boom, and deepwater drilling activities. The biggest markets for drilling and completion fluids are North America, Asia-Pacific, and Europe. The shale boom, along with increasing deep-water drilling activities, is driving the demand for drilling and completion fluids in these regions.

The market is segmented in terms of value and volume on the basis of application areas, type, and regions. The market segments by application areas include onshore and offshore. The market segments for types comprise water-based systems, oil-based systems, synthetic-based systems and other-based systems. The regional segmentation includes market value and volume for North America, Asia-Pacific, Europe, Latin America, Africa, the Middle East, and RoW.

The key players in the drilling and completion fluids market exhibit an inclination towards mergers and acquisitions, agreements, contracts, joint ventures, and partnership strategies and expansions to gain traction in the market. Leading industrial drilling and completion fluids manufacturers are focusing on emerging markets that are estimated to show potential for industrial development in the near future.

Note: Product cover images may vary from those shown

- Akzonobel Nv
- Anchor Drilling Fluids Usa Inc.
- Baker Hughes Inc.
- Canadian Energy Services & Technology Corp. (Ces)
- Chevron Phillips Chemical Company Llc.
- Global Drilling Fluids & Chemicals Ltd.
- Halliburton
- M-I Swaco
- National Oilwell Varco Inc.
- Newpark Resources Inc.
- Scomi Group Bhd
- Secure Energy Services Inc.
- Tetra Technologies Inc.
- Weatherford International Ltd

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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