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Drilling and Completion Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5353464
  • Report
  • June 2021
  • Region: Global
  • 142 pages
  • IMARC Group

FEATURED COMPANIES

  • Baker Hughes Company
  • CES Energy Solutions
  • Chevron Phillips Chemical
  • Halliburton Company
  • Newpark Resources Inc.
  • Q'Max Solutions Inc.
The global drilling and completion fluids market is expected to exhibit moderate growth during 2021-2026. Drilling and completion fluids are highly filtered compounds that are used for oil and gas extraction activities. Drilling fluid, or drilling mud, is usually a composite liquid that is primarily used for minimizing formation damage and transporting solids. It is manufactured using chemical, oil, mud and water, which provides hydrostatic pressure to minimize corrosion and prevent formation fluids from entering the wellbore. On the other hand, the completion fluid is composed of brines, which is a mixture of water, chlorides and bromides, and has a high pH value and ionic composition. It is highly filtered and is available in the form of oil-, water- and synthetic fluids-based and foams.

The increasing shale gas exploration activities represent as one of the key factors driving the market growth. Furthermore, a significant increase in the drilling activities across the globe is also providing a boost to the market growth. Drilling and completion fluids aid in reducing the time to drill and enhancing the wellbore stability to maximize the recovery from the reservoir. Additionally, various technological advancements, such as the implementation of nanotechnology in the development of high-performance drilling and completion fluids, are acting as another growth-inducing factor. Nanoparticles are added to these fluids to minimize shale permeability and water loss by physically plugging nanometer-sized pores in the wellbore. Other factors, including increasing investments in onshore oil and gas industry, along with favorable government initiatives to promote the utilization of sustainable drilling fluids, are projected to drive the market further. Looking forward, the publisher expects the global drilling and completion fluids market to grow at a CAGR of around 4% during the forecast period (2021-2026).

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global drilling and completion fluids market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, system type, well type, and application.

Breakup by System Type:
  • Water-based System
  • Oil-based System
  • Synthetic Fluid-based System
  • Others
Breakup by Well Type:
  • HPHT (High Pressure High Temperature) Wells
  • Conventional Wells
Breakup by Application:
  • Onshore
  • Offshore
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Baker Hughes Company, CES Energy Solutions, Chevron Phillips Chemical, Drilling Fluids & Chemicals Limited, Halliburton Company, National Oilwell Varco, Inc., Newpark Resources Inc., Q'Max Solutions Inc., Sagemines, Schlumberger, Scomi Group Berhad, Secure Energy Services Inc., Tetra Technologies, Inc., Weatherford International, etc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Baker Hughes Company
  • CES Energy Solutions
  • Chevron Phillips Chemical
  • Halliburton Company
  • Newpark Resources Inc.
  • Q'Max Solutions Inc.

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Drilling and Completion Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by System Type
6.1 Water-based System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Oil-based System
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Synthetic Fluid-based System
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Well Type
7.1 HPHT (High Pressure High Temperature) Wells
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional Wells
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Application
8.1 Onshore
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offshore
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Key Price Indicators

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Baker Hughes Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 CES Energy Solutions
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Chevron Phillips Chemical
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Drilling Fluids & Chemicals Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Halliburton Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 National Oilwell Varco, Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Newpark Resources Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Q'Max Solutions Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sagemines
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Schlumberger
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Scomi Group Berhad
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Secure Energy Services Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Tetra Technologies, Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.14 Weatherford International
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis

List of Figures
Figure 1: Global: Drilling and Completion Fluids Market: Major Drivers and Challenges
Figure 2: Global: Drilling and Completion Fluids Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Drilling and Completion Fluids Market: Breakup by System Type (in %), 2020
Figure 4: Global: Drilling and Completion Fluids Market: Breakup by Well Type (in %), 2020
Figure 5: Global: Drilling and Completion Fluids Market: Breakup by Application (in %), 2020
Figure 6: Global: Drilling and Completion Fluids Market: Breakup by Region (in %), 2020
Figure 7: Global: Drilling and Completion Fluids Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Drilling and Completion Fluids (Water-based System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Drilling and Completion Fluids (Water-based System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Drilling and Completion Fluids (Oil-based System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Drilling and Completion Fluids (Oil-based System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Drilling and Completion Fluids (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Drilling and Completion Fluids (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Drilling and Completion Fluids (Conventional Wells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Drilling and Completion Fluids (Conventional Wells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Drilling and Completion Fluids (Onshore Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Drilling and Completion Fluids (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Drilling and Completion Fluids (Offshore Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Drilling and Completion Fluids (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: North America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: North America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: United States: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: United States: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Canada: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Canada: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Asia Pacific: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Asia Pacific: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: China: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: China: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Japan: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Japan: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: India: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: India: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South Korea: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South Korea: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Australia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Australia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Indonesia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Indonesia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Europe: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Europe: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Germany: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Germany: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: France: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: France: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: United Kingdom: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: United Kingdom: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Italy: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Italy: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Spain: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Spain: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Russia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Russia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Latin America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Latin America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Brazil: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Brazil: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Mexico: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Mexico: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Middle East and Africa: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Middle East and Africa: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Global: Drilling and Completion Fluids Industry: SWOT Analysis
Figure 73: Global: Drilling and Completion Fluids Industry: Value Chain Analysis
Figure 74: Global: Drilling and Completion Fluids Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Drilling and Completion Fluids Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Drilling and Completion Fluids Market Forecast: Breakup by System Type (in Million US$), 2021-2026
Table 3: Global: Drilling and Completion Fluids Market Forecast: Breakup by Well Type (in Million US$), 2021-2026
Table 4: Global: Drilling and Completion Fluids Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Drilling and Completion Fluids Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Drilling and Completion Fluids Market Structure
Table 7: Global: Drilling and Completion Fluids Market: Key Players

Note: Product cover images may vary from those shown
  • Baker Hughes Company
  • CES Energy Solutions
  • Chevron Phillips Chemical
  • Drilling Fluids & Chemicals Limited
  • Halliburton Company
  • National Oilwell Varco, Inc.
  • Newpark Resources Inc.
  • Q'Max Solutions Inc.
  • Sagemines
  • Schlumberger
  • Scomi Group Berhad
  • Secure Energy Services Inc.
  • Tetra Technologies, Inc.
  • Weatherford International
Note: Product cover images may vary from those shown

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