Drilling fluids are primarily composed of bentonite that is mixed in a certain concentration with water or oil, mainly serves the purpose of lubrication and cooling of the drill bit and drill string and transporting the drill cuttings to the surface. Completion fluids are used during well completions in activities such as hydraulic fracturing and well stimulation.
Oil and gas companies across the globe have started offshore drilling activities that mainly consists of the shallow water and deep-water drilling. They also focus on the exploration of oil and gas in ultra-deep water offshore resources that are spotted at depths of 1500m and more. Drillingactivities in such increased depth can pose as a significant risk factor for the companies. This will create the demand for drilling and completion fluids to ease operations, in turn, offering growth opportunities for service provider companies to provide specific products that are made exclusively for offshore drilling activities.
The drilling and completion fluids market consists of big players with regional presence and accounting for major market shares. Numerous players in the completion and drilling fluids market are implementing different strategies to gain competitive leverage. Mergers and acquisitions (M&A), joint ventures, contracts, agreements, and partnerships are some of the strategies adopted by the players in this marketspace.
In 2019, the market size of Drilling and Completion Fluids is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Drilling and Completion Fluids.
This report studies the global market size of Drilling and Completion Fluids, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Drilling and Completion Fluids production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
General Electric
Halliburton
Schlumberger
TETRA Technologies
Weatherford
AES Drilling Fluids
Akzo Nobel
Anchor Drilling Fluids
BASF
Calumet Specialty Products
CES Energy Solutions
ChemSol
Chevron Phillips Chemical
CP Kelco
Drilling Fluids Technology
Ecolab
Flotek Industries
GEO Drilling Fluids
Gumpro Drilling Fluids
IMDEX
Lamberti
National Oilwell Varco
Newpark Resources
Royal Dutch Shell
Scomi Group
Stepan
Tiger Fluids
Wacker Chemie
WorkSafeBC
Market Segment by Product Type
Water-based fluids
Oil-based fluids
Synthetic-based fluids
Market Segment by Application
Onshore
Offshore
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Drilling and Completion Fluids status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Drilling and Completion Fluids manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Drilling and Completion Fluids are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Drilling and Completion Fluids. Industry analysis & Market Report on Drilling and Completion Fluids is a syndicated market report, published as Global (United States, European Union and China) Drilling and Completion Fluids Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Drilling and Completion Fluids market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.