Market Overview:
The global drilling mud additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of 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 offshore areas are also contributing to the growth of this market. The global drilling mud additives market is segmented on the basis of type, application, and region. On the basis of type, it is divided into oil-based and water-based additives. The water-based segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its properties such as low toxicity, biodegradability, nonflammability, and environmental friendliness. On the basis of application, it is classified into onshore well drilling and offshore well drilling segments. The onshore well drilling segment accounted for a larger share in 2017 owing to increased exploration activities in North America continent followed by Latin America continent .
Product Definition:
Mud additives are chemicals that are added to drilling mud in order to improve its performance. They can be used to control the viscosity of the mud, to prevent it from freezing, or to help it dissolve clays and other sediments.
Oil Based:
Oil-based additives are used in drilling mud to provide viscosity, stability and corrosion protection. The demand for oil-based additives is expected to grow on account of the rising exploration activities across the globe. Drilling mud is a by-product obtained during the production process of crude oil which has high content of salts and other minerals such as calcium carbonate, sodium chloride, potassium sulfate & magnesium sulfate among others.
Water Based:
Water-based additives are used in drilling mud to enhance the viscosity, stability and suspension of cuttings. The additive increases the overall efficiency of drilling by reducing friction between drill string and soil or rock, thereby allowing more cutting penetration with fewer strokes. It also helps in maintaining optimum pressure throughout the borehole which ensures a better safety profile for operators as well as equipment.
Application Insights:
Onshore well was the largest application segment and accounted for a market share of over 80% in 2017. The growing onshore oil & gas industry across the world is expected to drive demand for drilling mud additives over the forecast period. Onshore well is an open hole technique, which involves pumping cement slurry into a drilledhole and then inserting a steel pipe stringer before commencing with hydraulic pressure testing.
The global offshore drilling mud additives market is expected to witness significant growth owing to increasing exploration activities in deepwater regions such as Brazil, China, South Africa and Mexico among others. Drilling muds are used in various types of offshore wells including fixed platform, mobile offshore rig and floating platform among others.
Regional Analysis:
North America dominated the global drilling mud additives market in 2017. The U.S., which is the largest oil and gas producing country globally, has a well-established infrastructure for onshore and offshore drilling activities that are supported by strong government policies & regulations favoring domestic energy production.
The Middle East region is expected to witness significant growth over the forecast period owing to increasing demand from major oilfields such as Khurais, Ghawar, Shaybah (Saudi Arabia), Abu Hadriyah (UAE) and Malacca field off Malaysia among others coupled with growing exploration activities in this region will drive industry expansion over next eight years.
Asia Pacific regional market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising drilling activities in offshore and onshore locations
- Development of new drilling technologies that require specialized additives
- Stringent environmental regulations that promote the use of mud additives for waste management purposes
- Growing demand from emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Mud Additives Market Research Report
By Type
Oil Based, Water Based
By Application
Onshore Well, Offshore Well
By Companies
Croda, Schlumberger, Lubrizol, Baroid, Halliburton, OMNOVA, Ashland, Chevron Phillips Chemical, Flotek Chemistry
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 Mud Additives Market Report Segments:
The global Drilling Mud Additives market is segmented on the basis of:
Types
Oil Based, Water Based
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 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:
- Croda
- Schlumberger
- Lubrizol
- Baroid
- Halliburton
- OMNOVA
- Ashland
- Chevron Phillips Chemical
- Flotek Chemistry
Highlights of The Drilling Mud Additives 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:
- Oil Based
- Water Based
- By Application:
- Onshore 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 Mud Additives 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
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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 mud additives are chemicals or mixtures of chemicals that are added to drilling fluids in order to improve their performance. Drilling mud additives can help reduce friction, wear, and noise; increase the viscosity of the drilling fluid; and improve its ability to resist sticking and clogging.
Some of the major players in the drilling mud additives market are Croda, Schlumberger, Lubrizol, Baroid, Halliburton, OMNOVA, Ashland, Chevron Phillips Chemical, Flotek Chemistry.
The drilling mud additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling Mud Additives 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 Mud Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling Mud Additives 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 Mud Additives 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 Mud Additives Market Size & Forecast, 2020-2028
4.5.1 Drilling Mud Additives Market Size and Y-o-Y Growth
4.5.2 Drilling Mud Additives 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 Oil Based
5.2.2 Water Based
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 Well
6.2.2 Offshore Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling Mud Additives 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 Mud Additives 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 Oil Based
9.6.2 Water Based
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 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 Oil Based
10.6.2 Water Based
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 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 Oil Based
11.6.2 Water Based
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 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 Oil Based
12.6.2 Water Based
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 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 Oil Based
13.6.2 Water Based
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 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 Mud Additives Market: Competitive Dashboard
14.2 Global Drilling Mud Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Croda
14.3.2 Schlumberger
14.3.3 Lubrizol
14.3.4 Baroid
14.3.5 Halliburton
14.3.6 OMNOVA
14.3.7 Ashland
14.3.8 Chevron Phillips Chemical
14.3.9 Flotek Chemistry
