Drilling and Completion Fluids - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Drilling and Completion Fluids Market is accounted for $9.23 billion in 2018 and is expected to reach $18.31 billion by 2027 growing at a CAGR of 7.8% during the forecast period. Increase in shale gas exploration and surge in drilling activities are the major factors driving the market growth. However, the environmental impact of drilling fluids and stringent environmental regulations are restraining market growth.
Drilling and completion fluids are used mainly in drilling tasks and to perform several activities. Often, referred to as drilling mud the drilling fluid is actually a composite fluid. The liquid mix comprises of dirt, synthetic and water. Oil is in like manner utilized as opposed to water to get adequate houses. Other than the utilization of these liquids to diminish the rubbing quit customers use boring liquids to control arrangement strain. They are mostly used to diminish the development of damage just as transport and move solids.
Based on the application, the onshore segment is likely to have a huge demand rise in demand for energy around the world, growth in drilling activities and increasing focus on unconventional resources such as coalbed methane (CBM), and tight oil reserves. By geography, North America is going to have a lucrative growth during the forecast period due to rise in shale gas exploration, increase in drilling activity for oil and gas and improved onshore activities with the exploration of vast shale gas reserves.
Some of the key players profiled in the Drilling and Completion Fluids Market include National Oilwell Varco, Weatherford International, Baker Hughes, Secure Energy Services, Halliburton, Scomi, Schlumberger, Sagemines, Tetra Technologies, Global Drilling and Chemicals, Newpark Resources, and Q’max Solutions.
Fluid Systems Covered:
• Gas Based
Well Types Covered:
• Conventional Wells
• High Pressure High Temperature (HPHT) Wells
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
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