Global Drilling and Completion Fluids Market - Growth, Trends, and Forecasts (2017-2023)

  • ID: 4434671
  • Report
  • Region: Global
  • 157 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Baker Hughes Inc.
  • Halliburton Co.
  • Newpark Resources Inc.
  • Schlumberger Ltd.
  • Tetra Technologies Inc.
  • MORE
The drilling and completion fluids Market is expected to register a CAGR of 11.47% during 2018-2023 (forecasted period). Drilling and completion fluids play an essential part in upstream oil and gas activities. They are used to aid drilling boreholes into the earth. Completion fluids are used in completion operations of oil and natural gas wells.

The global drilling and completion fluids market is segmented on the basis of application areas into onshore and offshore. On the basis of fluid type, the market is segmented into water-based fluid, oil-based fluid, synthetic-based fluid, and others. On the basis of geography, the market has been segmented into North America, Asia-Pacific, Europe, and South & Central America, Middle East & Africa.

The fluid is placed in the well to facilitate final operations prior to the initiation of production, such as setting screens production liners, packers, downhole valves or shooting perforations into the producing zone. Completion fluids are typically brines (chlorides, bromides, formates), but in theory, they could be any fluid of proper density and flow characteristics.

Factors; such as shale boom in few regions, increasing offshore drilling activity across the world, and quest for finding potential untapped oil and gas reserves; are driving the market growth for drilling and completion fluids market. However, political instability and the initial cost of investment are some factors that are restraining the growth of this market.

The market would be primarily driven by the increasing shale activity across the U.S., Canada and increasing offshore exploration in the Gulf of Mexico. Europe and Asia-Pacific are growing rapidly in terms of market demand. The demand is high particularly in some countries, such as China, India, the United Kingdom, and the Netherlands. The North Sea region presents a decent market opportunity for drilling and completion fluids segment, as its new exploration activity is at an all-time high primarily owing to the decreasing production levels from the past few years and going into much deeper waters to find new oil and gas reserves. Regions, such as South and Central America and Africa, are expected to share a decent share of market demand in the coming decade, although there are some factors restraining the oil and gas activity in these regions. Although, Africa’s oil and gas industry has suffered from various political and social scenarios, such as internal wars and corruption, the situation is safe enough these days. There was a problem of piracy as well, but it has been handled well by the concerned authorities and is now decreasing. Additionally, there is a tremendous improvement in security across different countries in this region, helping the companies to look into the region again, thus boosting the oil and gas industry.

Major companies that are functional in this market are Tetra Technologies Inc., Canadian Energy Services, Baker Hughes Inc., and Halliburton Company among others.
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FEATURED COMPANIES

  • Baker Hughes Inc.
  • Halliburton Co.
  • Newpark Resources Inc.
  • Schlumberger Ltd.
  • Tetra Technologies Inc.
  • MORE
1. Executive Summary

2. Research Approach and Methodology

3. Global Drilling and Completion Fluids Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast Until 2023
3.3 Recent Trends and Developments

4. Market Dynamics
4.1 Drivers
4.2 Constraints
4.3 Opportunities

5. Supply Chain Analysis

6. Porter's Five Forces Framework
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Competitive Rivalry

7. Global Drilling and Completion Fluids Market Analysis, by Geography
7.1 North America
7.1.1 United States
7.1.1.1 Market Overview
7.1.1.2 Market Demand Forecast to 2023
7.1.2 Canada
7.1.2.1 Market Overview
7.1.2.2 Market Demand Forecast to 2023
7.1.3 Rest of North America
7.1.3.1 Market Overview
7.1.3.2 Market Demand Forecast to 2023
7.2 Europe
7.2.1 United Kingdom
7.2.1.1 Market Overview
7.2.1.2 Market Demand Forecast to 2023
7.2.2 Norway
7.2.2.1 Market Overview
7.2.2.2 Market Demand Forecast to 2023
7.2.3 Russia
7.2.3.1 Market Overview
7.2.3.2 Market Demand Forecast to 2023
7.2.4 Rest of Europe
7.2.4.1 Market Overview
7.2.4.2 Market Demand Forecast to 2023
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market Overview
7.3.1.2 Market Demand Forecast to 2023
7.3.2 India
7.3.2.1 Market Overview
7.3.2.2 Market Demand Forecast to 2023
7.3.3 Indonesia
7.3.3.1 Market Overview
7.3.3.2 Market Demand Forecast to 2023
7.3.4 Rest of Asia-Pacific
7.3.4.1 Market Overview
7.3.4.2 Market Demand Forecast to 2023
7.4 South America
7.4.1 Brazil
7.4.1.1 Market Overview
7.4.1.2 Market Demand Forecast to 2023
7.4.2 Venezuela
7.4.2.1 Market Overview
7.4.2.2 Market Demand Forecast to 2023
7.4.3 Argentina
7.4.3.1 Market Overview
7.4.3.2 Market Demand Forecast to 2023
7.4.4 Rest of South America
7.4.4.1 Market Overview
7.4.4.2 Market Demand Forecast to 2023
7.5 Middle East
7.5.1 Saudi Arabia
7.5.1.1 Market Overview
7.5.1.2 Market Demand Forecast to 2023
7.5.2 Iran
7.5.2.1 Market Overview
7.5.2.2 Market Demand Forecast to 2023
7.5.3 Uae
7.5.3.1 Market Overview
7.5.3.2 Market Demand Forecast to 2023
7.5.4 Rest of Middle East
7.5.4.1 Market Overview
7.5.4.2 Market Demand Forecast to 2023
7.6 Africa
7.6.1 Algeria
7.6.1.1 Market Overview
7.6.1.2 Market Demand Forecast to 2023
7.6.2 Nigeria
7.6.2.1 Market Overview
7.6.2.2 Market Demand Forecast to 2023
7.6.3 Rest of Africa
7.6.3.1 Market Overview
7.6.3.2 Market Demand Forecast to 2023

8. Global Drilling and Completion Fluids Market Analysis, by Fluid Type
8.1 Water-Based
8.1.1 Market Overview
8.1.2 Market Demand Forecast to 2023
8.2 Oil-Based
8.2.1 Market Overview
8.2.2 Market Demand Forecast to 2023
8.3 Synthetic-Based
8.3.1 Market Overview
8.3.2 Market Demand Forecast to 2023
8.4 Others
8.4.1 Market Overview
8.4.2 Market Demand Forecast to 2023

9. Global Drilling and Completion Fluids Market Analysis, by Deployment
9.1 Onshore
9.1.1 Market Overview
9.1.2 Market Demand Forecast to 2023
9.2 Offshore
9.2.1 Market Overview
9.2.2 Market Demand Forecast to 2023

10. Future Outlook of the Drilling and Completion Fluids Market

11. Key Company Profiles
11.1 Baker Hughes, Inc.
11.2 Canadian Energy Services & Technology Corp.
11.3 Chevron Phillips Chemical Company Llc
11.4 Halliburton Co.
11.5 Newpark Resources, Inc.
11.6 Schlumberger Ltd.
11.7 Tetra Technologies, Inc.
11.8 Weatherford International Ltd

12. Competitive Landscape
12.1 Mergers & Acquisitions
12.2 Joint Ventures, Collaborations and Agreements

13. Appendix
13.1 Contact Us
13.2 Disclaimer
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  • Baker Hughes Inc.
  • Canadian Energy Services & Technology Corp.
  • Chevron Phillips Chemical Company Llc
  • Halliburton Co.
  • Newpark Resources Inc.
  • Schlumberger Ltd.
  • Tetra Technologies Inc.
  • Weatherford International Ltd
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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