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1015580

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

Published: | IMARC Services Private Limited | 142 Pages | Delivery time: 2-3 business days

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Drilling and Completion Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: June 15, 2021
IMARC Services Private Limited
Content info: 142 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

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, IMARC Group 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:

  • IMARC Group 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
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • 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.
Table of Contents
Product Code: SR1020D300_Report

Table of Contents

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