Market Overview:
The global drilling and completion fluids services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing exploration and production activities in unconventional reservoirs are also contributing to the growth of this market. The global drilling and completion fluids services market is segmented on the basis of type, application, and region. On the basis of type, it is divided into water-based systems, oil-based systems, synthetic-based systems, and others. The water-based system segment dominates this market owing to its environmental friendly nature as compared to other types of fluids used in drilling operations such as oil- or synthetic- based fluids. On account of their superior properties such as low toxicity levels; biodegradability; nonflammability; good lubricity; corrosion inhibition; emulsification characteristics etc., these systems are extensively used for various applications including land well completions & stimulations (primary), offshore well completions & stimulations (primary), shale gas wells stimulation (secondary), enhanced oil recovery processes etc.
Product Definition:
Drilling and completion fluids services are integral to the overall drilling process. They help to lubricate the drill bit, control pressure and temperature, and remove debris from the well. Additionally, they can help to stabilize the well bore and improve production rates.
Water-based Systems:
Water-based systems are a group of fluids used in drilling and completion fluids. They are also referred to as wetting agents, emulsifiers, or lubricants. These products help reduce friction between the drill string and wellbore wall by either dissolving or dispersing any solid particles that may be encountered during the drilling process.
Oil-based Systems:
Oil-based systems are a group of drilling fluids that comprise of synthetic or semi-synthetic oils and water. Owing to their excellent lubricity characteristics, they can be used in all types of drilling operations including dry hole, conventional, and unconventional. They provide better protection against corrosion & rusting as compared to other fluids such as H2S04 & H2O which reduces the equipment maintenance costs significantly over the life cycle of the equipment.
Application Insights:
The land well application segment accounted for the largest revenue share in 2016 and is anticipated to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for oil & gas from domestic sources as well as from abroad. For instance, according to a blog by DeSmogBlog, ¢â‚¬Å“North America has some of the largest onshore resources and offshore wells are relatively smaller compared to their onshore counterparts.¢â‚¬ This trend is expected to continue over the forecast period with offshore wells witnessing lesser demand than their onshore counterparts owing to technological advancements coupled with efficient completion fluids usage in deepwater drilling operations across various regions around the world.
Offshore applications are projected witness significant growth during the study period owing largely due both increased exploration activities globally along with growing adoption of these services across emerging economies such as China, India.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for oil & gas, E&P activities in countries such as China and India. The regional market is anticipated to grow on account of rising government investments in offshore projects and unconventional reserves across countries such as China, India, Indonesia, Malaysia and Thailand.
The Middle East & Africa (MEA) accounted for a significant share of global drilling fluids market due to growing offshore activities in countries such as Qatar and Saudi Arabia. In addition MEA has large conventional onshore reserves which are still untapped thus offering huge potential for exploration opportunities across various fields including Khurais, Ghawar; Shaybah; Jizan; Dukhan; Al-Shaheen 2 & 3; Qassim field etc., thereby driving the growth of this industry segment over the forecast period.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investments in drilling and completion activities by oil and gas companies to meet the growing demand for energy
- Proliferation of unconventional hydrocarbon resources such as shale gas, tight oil, etc., which require more sophisticated drilling and completion techniques
- Stringent environmental regulations that promote the use of fluids with low environmental impact
- Technological advancements that improve the efficiency of drilling and completion operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling & Completion Fluids Services Market Research Report
By Type
Water-based Systems, Oil-based Systems, Synthetic-based Systems, Others
By Application
Land Well, Offshore Well
By Companies
Baker Hughes Inc. (U.S.), Weatherford International (U.S.), Halliburton Company (U.S.), M-I Swaco (U.S.), AkzoNobel N.V. (Netherlands), National Oilwell Varco (U.S.), Chevron Phillips Chemical Company (U.S.), BASF SE (Germany), DuPont (U.S.), The Dow Chemical Company (U.S.), Scomi Group (Malaysia)
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Drilling & Completion Fluids Services Market Report Segments:
The global Drilling & Completion Fluids Services 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
Land Well, Offshore Well
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:
- Baker Hughes Inc. (U.S.)
- Weatherford International (U.S.)
- Halliburton Company (U.S.)
- M-I Swaco (U.S.)
- AkzoNobel N.V. (Netherlands)
- National Oilwell Varco (U.S.)
- Chevron Phillips Chemical Company (U.S.)
- BASF SE (Germany)
- DuPont (U.S.)
- The Dow Chemical Company (U.S.)
- Scomi Group (Malaysia)
Highlights of The Drilling & Completion Fluids Services 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:
- Land Well
- Offshore Well
- 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 Services 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.
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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 Services is a company that provides fluids and drilling services to the oil and gas industry. The company offers a variety of drilling fluids, including water, mud, slurry, cuttings fluid and frac sand. It also provides completion services such as well stimulation treatments and cementing operations.
Some of the key players operating in the drilling & completion fluids services market are Baker Hughes Inc. (U.S.), Weatherford International (U.S.), Halliburton Company (U.S.), M-I Swaco (U.S.), AkzoNobel N.V. (Netherlands), National Oilwell Varco (U.S.), Chevron Phillips Chemical Company (U.S.), BASF SE (Germany), DuPont (U.S.), The Dow Chemical Company (U.S.), Scomi Group (Malaysia).
The drilling & completion fluids services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling & Completion Fluids Services 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 Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling & Completion Fluids Services 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 Services 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 Services Market Size & Forecast, 2020-2028
4.5.1 Drilling & Completion Fluids Services Market Size and Y-o-Y Growth
4.5.2 Drilling & Completion Fluids Services 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 Land Well
6.2.2 Offshore Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling & Completion Fluids Services 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 Services 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 Land Well
9.10.2 Offshore Well
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 Land Well
10.10.2 Offshore Well
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 Land Well
11.10.2 Offshore Well
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 Land Well
12.10.2 Offshore Well
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 Land Well
13.10.2 Offshore Well
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 Services Market: Competitive Dashboard
14.2 Global Drilling & Completion Fluids Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baker Hughes Inc. (U.S.)
14.3.2 Weatherford International (U.S.)
14.3.3 Halliburton Company (U.S.)
14.3.4 M-I Swaco (U.S.)
14.3.5 AkzoNobel N.V. (Netherlands)
14.3.6 National Oilwell Varco (U.S.)
14.3.7 Chevron Phillips Chemical Company (U.S.)
14.3.8 BASF SE (Germany)
14.3.9 DuPont (U.S.)
14.3.10 The Dow Chemical Company (U.S.)
14.3.11 Scomi Group (Malaysia)
