drilling fluids (drilling mud) market & completion fluids market by types, application areas & geography - forecast to 2018 on 4th april 2014 the report covers the global drilling fluids market and segments it on the basis of their application areas that include onshore and offshore applications. The global drilling fluids market size was valued at usd 798 billion in 2015, a slump from the previous year due to declining oil industry activity, san francisco’s grand view research said in . Middle east drilling fluid market size was worth usd 145 billion in 2014 and is estimated to reach usd 219 billion by 2022 growing exploration activities coupled with increasing number of e&p . The report titled “global drilling fluids market- growth, future prospects, competitive analysis and forecast, 2016 – 2023” offers strategic insights into the drilling fluids market along with the market size and estimates for the duration 2013 to 2023. The global drilling waste management market size was valued at us$ 391 billion in 2016 and is expected to witness a cagr of 630%, during the forecast period.
Due to the increasinginnovation in the nanotechnology in the exploration of oil and gas industry hasspurred the growth of the drilling fluids market, with major companiesinvesting huge amounts in developing the technology. China, saudi arabia, uae and russia are the growth frontiers for the oilfield drilling fluid additives manufacturers, providing a huge market to be tapped saudi arabia is estimated to grow at a cagr of xx % during the forecast period between 2015 and 2020. Global drilling fluids market, pages and in-depth toc on drilling and completion fluids market by fluid is the fastest growing segment due to cost . The global market of drilling and completion fluids is growing rapidly due to increased oil & gas exploration activities around the world the high demand for crude oil, along with the maturing of onshore oil and gas wells is fostering the growth of drilling and completion fluids market.
The global drilling and completion fluids market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, cagr during the estimated period (2017 – 2027). Oilfield chemicals market to witness enhanced demand for cementing, drilling fluid and production chemical applications till 2025 | million insights are anticipated to boost the market growth . Global drilling data management systems market to witness growth through 2020, owing to need for asset optimisation, reports technavio.
Global drilling fluids market size, share, development, growth and demand forecast to 2023 the report will be delivered in pdf format along with the printing rights it is recommended for up to five users the report will be delivered in pdf format along with printing rights and detailed excel . The solid control segment is expected to witness significant growth, owing to the efficiency of the process from drilling fluid, removes gases, and . Oilfield services market size & share, industry outlook report, 2025 to fuel the demand for drilling fluids over the forecast period to boost the market . Rise in drilling activity to cause oilfield chemicals market to reach $40 bln water-based drilling fluids are witnessing growing usage in offshore drilling .
The global drilling and completion fluids market is expected to witness exponential growth during the forecast period north sea in the europe region and africa region held the major market share, owing to new oil discoveries from these regions. The solid control segment is expected to witness significant growth, owing to the efficiency of the process share in the drilling waste management market, due to . Use of drilling mud including aerated and foam fluids are projected to witness an average growth over the forecast period on account of its ability to remove and clear cutting from holes without any significant fluid loss from fractured rocks.
Drilling and completion fluids market is foreseen to witness exponential development in forthcoming years drilling and completion fluids market size, share and forecast by 2025 drilling and completion fluids market is additionally anticipated that would have high expansion activities by multinationals and well-known organizations. Drilling fluids market is expected to reach a market size of usd 134 billion by the end of the forecast period at cagr of 703%,drilling fluids market by type,by application,by region - global forecast to 2023. Calcium chloride market by application (deicing, dust control, drilling fluid, construction, industrial processing) - growth, share, opportunities & competitive analysis, 2017 - 2025.
The gulf of mexico is witnessing significant growth in offshore activities the degassing system market is expected to expand significantly in the near future in north america due to the increase in number of shale reserves in the region. The waste streams from drilling includes drilling fluids, cuttings, and interfacial mixtures large e&p (exploration & production) activities, growing environmental concerns, and stringent government regulations are some of the factors which is expected to fuel growth of the drilling waste management market during the forecast period. Offshore applications witness a moderate growth due to slowing of oil and gas sector that contributes majorly to the drilling waste management market geographical segmentation for drilling waste management industry spans north america, latin america, europe, asia-pacific, middle east and africa. Drilling and completion fluids market will witness a steady growth until 2020 due to the increasing use of nanotechnology, declares technavio facebook linkedin twitter google+ reddit email.