Market Overview:
The global drilling and completion fluids market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. Moreover, the growing exploration and production activities in onshore and offshore regions are also fueling the growth of this market. However, environmental concerns related to drilling and completion fluids may restrain the growth of this market during the forecast period. On basis of type, water-based systems accounted for a major share ofthe global drilling and completion fluids market in 2017. This segment is projected to grow at a higher CAGR than other segments duringthe forecast period owingto its advantages such as low toxicity levels, biodegradability,and low cost as comparedto oil-based systemsand synthetic-based systems .
Product Definition:
Drilling and completion fluids are used to help drill a well, then bring the oil and gas to the surface. They can also be used to frack a well.
Water-based systems:
Water-based systems are used in the oil & gas industry for various applications such as well drilling, completion, workover and other downhole activities. The growth factor for water-based systems is increasing owing to its advantages over other conventional fluids including low toxicity and environmental impact. Water-based Fluids (WBF) are gaining importance over Chemically Based Fluids (CBBF) owing to stringent regulations regarding the use of CBBF in several countries such as U.
Oil-based systems:
Oil-based systems are a group of drilling fluids that comprise of oils, waxes and surfactants. Owing to their high viscosity they can be considered as a solid at room temperature. These drilling fluids have been used traditionally by the oil & gas industry for decades and were developed specifically for use in rotary drilling applications.
Application Insights:
Onshore was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for oil & gas from countries, such as China, India, and Saudi Arabia. Furthermore, growing investments by companies including BP plc., Royal Dutch Shell plc., Statoil ASA., Repsol S.A., and others are also expected to drive the market over the forecast period.
Offshore is estimated to register a CAGR of XX% from 2018 to 2030 owing to increased exploration activities in deepwater regions across Latin America and Asia Pacific regions. In addition, technological advancements coupled with efficient completion processes are further anticipated fuel industry growth over next eight years or so ¢â‚¬Ëœ offshore drilling fluids will have same penetration rate on offshore as onshore applications within few years¢â‚¬â„¢s time span.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing offshore drilling activities in countries such as China, India, and Australia. In addition, growing exploration & production activities in this region will drive the demand for advanced technologies including advanced completion techniques and drilling fluids’ manufacturers are likely to benefit from this scenario.
The market in North America was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to rising oilfield development activities coupled with increasing government spending on offshore projects across U.S., Canada, and Mexico. The Middle East & Africa accounted for a significant share of global revenue due its large oil reserves that have attracted various companies including Total SA; ExxonMobil Corp.; Shell Oil Company; British Petroleum (BP); ConocoPhillips; Royal Dutch Shell Plc.; Kuwait Petroleum Corp.; Saudi Arabia Oil Co.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investments in drilling and exploration activities by oil and gas companies
- Proliferation of unconventional sources such as shale gas, tight sands, etc. which require more sophisticated fluids for extraction
- Stringent environmental regulations that promote the use of more environmentally friendly drilling fluids
- Technological advancements that lead to the development of new types of drilling & completion fluids
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling & Completion Fluids Market Research Report
By Type
Water-based systems, Oil-based systems, Synthetic-based systems, Others
By Application
Onshore, Offshore
By Companies
GE(Baker Hughes), Halliburton, Schlumberger, Newpark Resources, Tetra Technologies, CES, National Oilwell Varco, Secure Energy Services, Weatherford International, Q’max Solutions, GE(Baker Hughes), Sagemines, Scomi
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Drilling & Completion Fluids Market Report Segments:
The global Drilling & Completion Fluids market is segmented on the basis of:
Types
Water-based systems, Oil-based systems, Synthetic-based systems, Others
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
Onshore, Offshore
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:
- GE(Baker Hughes)
- Halliburton
- Schlumberger
- Newpark Resources
- Tetra Technologies
- CES
- National Oilwell Varco
- Secure Energy Services
- Weatherford International
- Q’max Solutions
- GE(Baker Hughes)
- Sagemines
- Scomi
Highlights of The Drilling & Completion Fluids 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:
- Water-based systems
- Oil-based systems
- Synthetic-based systems
- Others
- By Application:
- Onshore
- Offshore
- 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 & Completion Fluids 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
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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 & Completion Fluids are a type of fluid used in the drilling and completion process. They are used to lubricate the drill bit, keep the hole open, and help with cementing.
Some of the major companies in the drilling & completion fluids market are GE(Baker Hughes), Halliburton, Schlumberger, Newpark Resources, Tetra Technologies, CES, National Oilwell Varco, Secure Energy Services, Weatherford International, Q’max Solutions, GE(Baker Hughes), Sagemines, Scomi.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling & Completion Fluids 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 & Completion Fluids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling & Completion Fluids 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 & Completion Fluids 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 & Completion Fluids Market Size & Forecast, 2020-2028
4.5.1 Drilling & Completion Fluids Market Size and Y-o-Y Growth
4.5.2 Drilling & Completion Fluids Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Water-based systems
5.2.2 Oil-based systems
5.2.3 Synthetic-based systems
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling & Completion Fluids 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 & Completion Fluids 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Water-based systems
9.6.2 Oil-based systems
9.6.3 Synthetic-based systems
9.6.4 Others
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 Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Water-based systems
10.6.2 Oil-based systems
10.6.3 Synthetic-based systems
10.6.4 Others
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 Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Water-based systems
11.6.2 Oil-based systems
11.6.3 Synthetic-based systems
11.6.4 Others
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 Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Water-based systems
12.6.2 Oil-based systems
12.6.3 Synthetic-based systems
12.6.4 Others
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 Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Water-based systems
13.6.2 Oil-based systems
13.6.3 Synthetic-based systems
13.6.4 Others
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) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
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 & Completion Fluids Market: Competitive Dashboard
14.2 Global Drilling & Completion Fluids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE(Baker Hughes)
14.3.2 Halliburton
14.3.3 Schlumberger
14.3.4 Newpark Resources
14.3.5 Tetra Technologies
14.3.6 CES
14.3.7 National Oilwell Varco
14.3.8 Secure Energy Services
14.3.9 Weatherford International
14.3.10 Q’max Solutions
14.3.11 GE(Baker Hughes)
14.3.12 Sagemines
14.3.13 Scomi
