Market Research Report
Global Ester-based Drilling Fluid Market Analysis, 2013-2023
|Published by||Market Krystal||Product code||725310|
|Published||Content info||120-150 Pages
Delivery time: 1-2 business days
|Global Ester-based Drilling Fluid Market Analysis, 2013-2023|
|Published: October 1, 2018||Content info: 120-150 Pages||
Drilling fluids are used to cool down & lubricate the drill bits while drilling operation in the oil & gas industry. Traditional drilling fluid generates toxic by-products which creates environmental problems. The ester-based drilling fluids are cost-effective, and their by-products are also less harmful. As esters are natural elements extracted from palm oil which is capable of rapid degradation in environmental conditions. Due to this property, the risk of channeling fluids in marine water is reduced.
The global ester-based drilling fluid market report throws light on the existing market conditions by holding for more than 240 hours of primary and secondary research. In accordance with the report, the global ester-based drilling fluid market is increasing its sphere of influence across geographies at a swift pace. The global ester-based drilling fluid market is valued at US $ xxx million dollars in 2018 which is expected to reach a massive US $ xxx million dollars by the end of 2023. During the forecast period bracket of 2018-2023, this market is predicted to grow at a CAGR of xx%.
Ester-based drilling fluid are majorly used in water sensitive shale gas operations and the adoption of which is increasing globally. The effort to decrease the environmental pollution due to the discharge of liquids and gases from drilling operations is the key factor driving the adoption of ester-based drilling fluids. Drilling fluid companies are also increasing the R&D efforts to produce cost effective ester-based drilling fluid. However, limited commercial products of ester-based drilling fluid may affect the market growth to some extent.
The geographical regions mainly delivering ester-based drilling fluid are countries like the U.S. from North America, UK, France, and Germany from Europe, Asia Pacific countries like China, Japan, India, MEA and Latin America.
The companies involved in the ester-based drilling fluid are Weatherford International, Anchor Drilling Fluids USA, LLC, China Oilfield Services Limited, Baker Hughes Inc., Catalyst LLC, Halliburton, Inc., Schlumberger Limited, Petrochem Performance Chemicals Ltd. LLC, International Drilling Fluids and Engineering Services (IDEC) Ltd, Flotek Industries, Inc., Global Drilling Fluids and Chemicals Limited, Scomi Group Berhad, Newpark Resources, Inc., TETRA Technologies, Inc., National Oilwell Varco.
The research procedure includes the market segmentation of the global ester-based drilling fluid market, identification of the growth factors of each market segments and mapping of companies involve in the ester-based fluid market. The Market forecasts are built by taking into consideration the insights given by the experts in the global ester-based drilling fluid industry value chain. Market Krystal consequently conducted 35 interviews exclusively for this study and its details are given below: