About Drilling Fluids Market
In geotechnical engineering, drilling fluids, also called drilling mud, are substances that are often used in wellbores during the oil and natural gas drilling process. The functions of drilling fluids include pressure control in the wellbore, cooling and lubricating the drill string and drill bit, suspending drill cuttings and transporting them to the surface for removal, and supporting and stabilizing the wellbore walls. Additionally, a rise in demand for oil and gas can be observed worldwide, driven by factors such as a growth in population and industrialization. This is expected to drive the E&P market globally, which will subsequently lead to increased demand for drilling fluids.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Drilling Fluids Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Drilling Fluids Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
In geotechnical engineering, drilling fluids, also called drilling mud, are substances that are often used in wellbores during the oil and natural gas drilling process. The functions of drilling fluids include pressure control in the wellbore, cooling and lubricating the drill string and drill bit, suspending drill cuttings and transporting them to the surface for removal, and supporting and stabilizing the wellbore walls. Additionally, a rise in demand for oil and gas can be observed worldwide, driven by factors such as a growth in population and industrialization. This is expected to drive the E&P market globally, which will subsequently lead to increased demand for drilling fluids.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Drilling Fluids Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Drilling Fluids Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Relaxation of restrictions by the US on crude oil exports
- For a full, detailed list, view our report
Category constraints
- The limited availability of associated systems for drilling fluid circulation
- For a full, detailed list, view our report
Procurement best practices
- To engage with suppliers that offer drilling fluids that are compliant with regulations
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Global (Category) Production Hubs
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients/Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- Schlumberger
- Halliburton
- Baker Hughes
- NOV
- Newpark Resources
PART 8: APPENDIX
- Glossary
- Key Notes
- About
Executive Summary
New Report Released: Global Drilling Fluids - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Drilling Fluids - Procurement Market Intelligence Report: Schlumberger, Halliburton, Baker Hughes, NOV, and Newpark Resources.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to choose suppliers based on their ability to provide drilling fluids that are compliant with regulatory norms.”
According to the report, one of the key growth contributors for the global drilling fluids market is the growth in exploratory activities in complex environments such as shale reserves.
Further, the report states that major procurement challenge experienced by the buyers is the limited availability of associated systems for drilling fluid circulation and maintenance of drilling fluid integrity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Schlumberger
- Halliburton
- Baker Hughes
- NOV
- Newpark Resources
Methodology
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