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PUBLISHER: SkyQuest | PRODUCT CODE: 1322014

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PUBLISHER: SkyQuest | PRODUCT CODE: 1322014

Global Drilling Fluid Market Size, Share, Growth Analysis, By Product(Oil-based, Synthetic-based), By Application(Onshore and Offshore) - Industry Forecast 2023-2030

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Drilling Fluid Market size was valued at USD 7.7 billion in 2021 and is poised to grow from USD 8 billion in 2022 to USD 11.3 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

The global drilling fluid market is witnessing steady growth due to increasing drilling activities in the oil and gas industry. Drilling fluids, also known as drilling muds, are essential for efficient drilling operations as they aid in wellbore stability, lubrication, and waste management. The market is driven by rising energy demand, technological advancements in drilling techniques, and exploration activities in untapped reserves. Additionally, strict environmental regulations and a focus on sustainable drilling practices are shaping the market dynamics, fostering the development of eco-friendly drilling fluids.

Top-down and bottom-up approaches were used to estimate and validate the size of Drilling Fluid and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The global drilling fluid market is segmented based on product, application, and region. In terms of product the market is segmented into oil-based, synthetic-based, water-based, and others. In terms of application, the market is segmented into onshore and offshore. Geographically, the global drilling fluid market is widespread into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

Drilling fluids are essential in the oil and gas industry, and their demand is closely tied to drilling activity. As drilling activity increases, the need for drilling fluids also rises. Moreover, the market growth of drilling fluids is expected to be driven by advancements in technology for deepwater exploration.

Restrain

The oil and gas sector faces various regulatory pressures, such as health and safety as well as environmental regulations. Complying with these regulations can result in higher costs for drilling operations, including the utilization of drilling fluids.

Trend

The popularity of Deepwater and ultra-Deepwater drilling activities is contributing to the growing demand for drilling fluids. These specific drilling methods require specialized fluids that can effectively operate under challenging high pressure and temperature conditions.

Product Code: SQMIG10D2018

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges

Key Market Insights

  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Regulatory Landscape
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
    • Political Impact
    • Economic Impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Global Drilling Fluid Market by Product

  • Market Overview
  • Oil-based
  • Synthetic-based
  • Water-based
  • and Others

Global Drilling Fluid Market by Application

  • Market Overview
  • Onshore and Offshore

Global Drilling Fluid Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
    • By Development
    • By Company
    • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021

Key Company Profiles

  • Schlumberger Limited
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Baker Hughes Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Halliburton Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • National Oilwell Varco, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Newpark Resources Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Scomi Group Bhd
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • GEO Drilling Fluids, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • TETRA Technologies, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Imdex Limited
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • AES Drilling Fluids, LLC
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Gumpro Drilling Fluids Pvt. Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Canadian Energy Services & Technology Corp.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Anchor Drilling Fluids USA, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • AMC Drilling Fluids & Products
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Weatherford International plc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Calumet Specialty Products Partners, L.P.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Global Drilling Fluids and Chemicals Limited
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Aubin Group
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • CETCO Energy Services
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Frontier International
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
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Christine Sirois

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