Market Overview:
The global drilling chemicals market is expected to grow from USD 9.5 billion in 2018 to USD 15.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the drilling chemicals market can be attributed to the increasing demand for oil and gas across the globe and rising investments in exploration and production activities. The global drilling chemicals market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into drilling fluid, completion fluid, grout, and others (including corrosion inhibitors & scale inhibitors). The completion fluid segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its use in various applications such as fracturing fluids & proppants; gravel packing; sand control; hydraulic fracturing stimulation; wellbore clean-up operations; well abandonment/seal off operations; perforating gun systems lubrication fluids etc.
Product Definition:
Drilling chemicals are used to help the drilling process by cleaning and lubricating the drill bit, removing debris from the hole, and preventing corrosion.
Drilling Fluid:
Drilling fluid is a mixture of water, chemicals and propelling agents used in the drilling process. The primary function of drilling fluids is to carry cuttings from the drill bit to the surface. These fluids also help lubricate and cool down machinery as well as provide an antibacterial solution for a safe operation at the bottom of boreholes.
Completion Fluid:
Completion fluid is a mud or cuttings suspension used to complete the drilling process. It helps in stabilizing the well by bringing downhole pressure and also aids in cementing perforations, which are then pumped out of the well. Completion fluids can be categorized into two types based on their functions; synthetic and natural completion fluids. Synthetic fluids have higher viscosity as compared to natural ones, thereby providing better stability during drilling operations.
Application Insights:
The production chemicals segment dominated the global drilling chemicals market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to an increase in oil & gas exploration activities across various regions coupled with technological advancements that have led to increased efficiency of these applications.
The cementing segment accounted for 23.3% share of the total revenue in 2017 and is expected to grow at a significant rate over the forecast period owing to its rising demand from onshore oil & gas operations as well as coal-bed methane projects across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global drilling chemicals market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of oil & gas producing countries such as China, India, Vietnam, Thailand among others. These countries are witnessing high economic growth owing to increasing domestic consumption along with rising energy demand from developing economies including China and India. This factor is anticipated to drive the regional demand for drilling chemicals over the forecast period.
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investments in drilling activities across the globe
- Proliferation of new exploration and production techniques such as hydraulic fracturing
- Stringent environmental regulations for drilling operations
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Chemicals Market Research Report
By Type
Drilling Fluid, Completion Fluid, Grout
By Application
Production Chemicals, Cementing, Workover and Completion, Other
By Companies
Deep Drilling Chemicals(DDC), Akzonobel, Albemarle, GE(Baker Hughes), Basf, Clariant, The Dow Chemical Company, Halliburton, Lubrizol, Nalco Champion, Deep Drilling Chemicals(DDC), Solvay, Stepan Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Chemicals Market Report Segments:
The global Drilling Chemicals market is segmented on the basis of:
Types
Drilling Fluid, Completion Fluid, Grout
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Production Chemicals, Cementing, Workover and Completion, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deep Drilling Chemicals(DDC)
- Akzonobel
- Albemarle
- GE(Baker Hughes)
- Basf
- Clariant
- The Dow Chemical Company
- Halliburton
- Lubrizol
- Nalco Champion
- Deep Drilling Chemicals(DDC)
- Solvay
- Stepan Company
Highlights of The Drilling Chemicals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Drilling Fluid
- Completion Fluid
- Grout
- By Application:
- Production Chemicals
- Cementing
- Workover and Completion
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drilling Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drilling chemicals are substances used in the drilling process to break up rock and release oil or gas.
Some of the major companies in the drilling chemicals market are Deep Drilling Chemicals(DDC), Akzonobel, Albemarle, GE(Baker Hughes), Basf, Clariant, The Dow Chemical Company, Halliburton, Lubrizol, Nalco Champion, Deep Drilling Chemicals(DDC), Solvay, Stepan Company.
The drilling chemicals market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drilling Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drilling Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drilling Chemicals Market Size & Forecast, 2018-2028
4.5.1 Drilling Chemicals Market Size and Y-o-Y Growth
4.5.2 Drilling Chemicals Market Absolute $ Opportunity
Chapter 5 Global Drilling Chemicals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drilling Chemicals Market Size Forecast by Type
5.2.1 Drilling Fluid
5.2.2 Completion Fluid
5.2.3 Grout
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drilling Chemicals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drilling Chemicals Market Size Forecast by Applications
6.2.1 Production Chemicals
6.2.2 Cementing
6.2.3 Workover and Completion
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drilling Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drilling Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Drilling Chemicals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drilling Chemicals Market Size Forecast by Type
9.6.1 Drilling Fluid
9.6.2 Completion Fluid
9.6.3 Grout
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drilling Chemicals Market Size Forecast by Applications
9.10.1 Production Chemicals
9.10.2 Cementing
9.10.3 Workover and Completion
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drilling Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Drilling Chemicals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drilling Chemicals Market Size Forecast by Type
10.6.1 Drilling Fluid
10.6.2 Completion Fluid
10.6.3 Grout
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drilling Chemicals Market Size Forecast by Applications
10.10.1 Production Chemicals
10.10.2 Cementing
10.10.3 Workover and Completion
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drilling Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drilling Chemicals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drilling Chemicals Market Size Forecast by Type
11.6.1 Drilling Fluid
11.6.2 Completion Fluid
11.6.3 Grout
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drilling Chemicals Market Size Forecast by Applications
11.10.1 Production Chemicals
11.10.2 Cementing
11.10.3 Workover and Completion
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drilling Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Drilling Chemicals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drilling Chemicals Market Size Forecast by Type
12.6.1 Drilling Fluid
12.6.2 Completion Fluid
12.6.3 Grout
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drilling Chemicals Market Size Forecast by Applications
12.10.1 Production Chemicals
12.10.2 Cementing
12.10.3 Workover and Completion
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drilling Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drilling Chemicals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drilling Chemicals Market Size Forecast by Type
13.6.1 Drilling Fluid
13.6.2 Completion Fluid
13.6.3 Grout
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drilling Chemicals Market Size Forecast by Applications
13.10.1 Production Chemicals
13.10.2 Cementing
13.10.3 Workover and Completion
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drilling Chemicals Market: Competitive Dashboard
14.2 Global Drilling Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Deep Drilling Chemicals(DDC)
14.3.2 Akzonobel
14.3.3 Albemarle
14.3.4 GE(Baker Hughes)
14.3.5 Basf
14.3.6 Clariant
14.3.7 The Dow Chemical Company
14.3.8 Halliburton
14.3.9 Lubrizol
14.3.10 Nalco Champion
14.3.11 Deep Drilling Chemicals(DDC)
14.3.12 Solvay
14.3.13 Stepan Company
