The drilling waste management services market is expected to witness a strong growth owing to factors such as increasing new exploration activity across few regions, favourable government policies, ongoing shale boom and increasing awareness towards environmental pollution. On the flipside, lack of skilled labor and high initial investments are likely to hinder the growth of the market.
By service type, the drilling waste management services can be segmented into treatment & disposal, solid control and containment & handling. Approximately two-fifth of the drilling waste management market is occupied by treatment & disposal services which include services like onsite burial (pits and landfills), land farming, land spreading, bioremediation, thermal treatment, and slurry injection among others. Solid control services accounted for the second largest market share and is growing at a moderate pace.
By application, the drilling waste management services can be segmented into onshore and offshore. Onshore application market occupies the major share among the application segment and is expected to grow at a steady rate during the outlook period. Offshore drilling waste management market is expected to grow at a much faster pace, attributed to factors like strict waste management regulations, high cost of the treatment and increase in the drilling activities in the deep and ultra-deep region.
North America is expected to lead the market with approximately 50% of the market share owned by the region. Furthermore, Asia-Pacific and Europe are also expected to grow with the rate of exploration and production activity which is now moving towards much deeper waters. African market is uncertain as the region is suffering from several like political instability and internal wars.
This report comprehensively analyses the drilling waste management services market by segmenting it based on type, application and geography. Key drivers and restraints that are effecting the growth of this market are discussed in detail. The study also elucidates on competitive landscape and key market players.
2. Research Methodology
3. Market Overview
3.2 Market Demand to 2022
3.3 Recent Trends and Developments
4. Drivers, Constraints and Opportunities Analysis
4.1.1 Shale Boom
4.1.2 Increased Exploration Activity
4.1.3 Exploration from Ageing Reservoirs
4.2.1 Political Issues Causing Market Instability
4.2.2 Environmental Concerns
5. Drilling Waste Management Services Industry Value Chain Analysis
6. Porters Five Force Analysis
6.1 Bargaining Power of Supplier
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Degree of Competition
7. Drilling Waste Management Services Market Analysis, by Type of Service
7.1 Solids Control
7.2 Treatment & Disposal
7.3 containment & handling
8. Drilling Waste Management Services Market Analysis, by Application
9. Drilling Waste Management Services Market Analysis, by Geography
9.1 North America
9.1.2 Major Countries
126.96.36.199 United States of America
9.2.2 Major Regions
9.3 Middle East and Africa
9.3.2 Major Countries
188.8.131.52 Saudi Arabia
9.4 Asia Pacific
9.4.2 Major Countries
10. Key Company Analysis
10.1 Baker Hughes Inc.
10.2 Halliburton Co.
10.3 Weatherford International Ltd
10.4 Royal Dutch Shell Plc
10.5 Schlumberger Ltd
10.6 Statoil ASA
10.7 BP Plc
10.8 Scomi Group Bhd
10.9 MI-Swaco Drilling Waste Management
10.10 Solitech As
10.12 Step Oil Tools
10.13 Specialty Drilling Fluids
10.14 National Oilwell Varco Inc.
11. Competitive Landscape
11.1 Mergers & Acquisitions
11.2 Joint Ventures, Collaborations and Agreements
11.3 Market Share Analysis