The global oilfield drilling fluids market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for oil and gas exploration activities in emerging economies such as China and India, which are witnessing an increase in their production levels. The increasing number of offshore drilling activities is also driving the growth of this market.
Watebased Fluids accounted for the largest share in 2017, followed by Oibased Fluids and Synthetibased Fluids respectively. Watebased Fluids are used as a base fluid for drilling operations because they have low viscosity and high density which helps them flow easily through pipes without any pressure loss or friction losses due to their low surface tension properties. They are also used as a carrier fluid for other additives such as biocides, corrosion inhibitors, scale inhibitors etc, which help protect equipment from corrosion or scaling during drilling operations.
Onshore accounted for the largest share in 2017 followed by Offshore applications segment respectively due to higher demand from onshore exploration activities than offshore exploration activities globally.
Some Of The Growth Factors Of This Market:
- Increasing demand for shale gas and crude oil in emerging economies such as China and India is driving the growth of the global oilfield drilling fluids market .
- The increasing use of hydraulic fracturing techniques in unconventional reservoirs has led to an increase in demand for water-based fluid systems that are used during hydraulic fracturing operations, thereby driving the growth of this market over the forecast period (2017-2025).
- Increasing environmental concerns related to conventional drilling methods have led companies operating in this industry to adopt more environmentally friendly technologies such as water-based fluid systems that reduce their carbon footprint.
Industry Growth Insights published a new data on “Oilfield Drilling Fluids Market”. The research report is titled “Oilfield Drilling Fluids Market research by Types (Water-based Fluids, Oil-based Fluids, Synthetic-based Fluids, Others), By Applications (Onshore, Offshore), By Players/Companies Halliburton, Schlumberger, BHGE, Newpark Resources, Q'Max Solutions, Lubrizol, CES Energy Solutions, Calumet, Catalyst LLC, National Oilwell Varco, TETRA Technologies, Scomi Group, GEO Drilling Fluids, CNPC, China Oilfield Services Limited, Gumpro Drilling Fluids”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oilfield Drilling Fluids Market Research Report
By Type
Water-based Fluids, Oil-based Fluids, Synthetic-based Fluids, Others
By Application
Onshore, Offshore
By Companies
Halliburton, Schlumberger, BHGE, Newpark Resources, Q'Max Solutions, Lubrizol, CES Energy Solutions, Calumet, Catalyst LLC, National Oilwell Varco, TETRA Technologies, Scomi Group, GEO Drilling Fluids, CNPC, China Oilfield Services Limited, Gumpro Drilling Fluids
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Oilfield Drilling Fluids Market Report Segments:
The global Oilfield Drilling Fluids market is segmented on the basis of:
Types
Water-based Fluids, Oil-based Fluids, Synthetic-based Fluids, 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:
- Halliburton
- Schlumberger
- BHGE
- Newpark Resources
- Q'Max Solutions
- Lubrizol
- CES Energy Solutions
- Calumet
- Catalyst LLC
- National Oilwell Varco
- TETRA Technologies
- Scomi Group
- GEO Drilling Fluids
- CNPC
- China Oilfield Services Limited
- Gumpro Drilling Fluids
Highlights of The Oilfield Drilling 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 Fluids
- Oil-based Fluids
- Synthetic-based Fluids
- 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 Oilfield Drilling 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
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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?
Oilfield drilling fluids are a type of fluid used in the oil and gas industry. They are used to help drillers move rocks and other materials out of the ground.
Some of the major players in the oilfield drilling fluids market are Halliburton, Schlumberger, BHGE, Newpark Resources, Q'Max Solutions, Lubrizol, CES Energy Solutions, Calumet, Catalyst LLC, National Oilwell Varco, TETRA Technologies, Scomi Group, GEO Drilling Fluids, CNPC, China Oilfield Services Limited, Gumpro Drilling Fluids.
The oilfield drilling fluids market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oilfield Drilling Fluids Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oilfield Drilling Fluids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oilfield Drilling Fluids Market - Supply Chain
4.5. Global Oilfield Drilling Fluids Market Forecast
4.5.1. Oilfield Drilling Fluids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oilfield Drilling Fluids Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oilfield Drilling Fluids Market Absolute $ Opportunity
5. Global Oilfield Drilling Fluids Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oilfield Drilling Fluids Market Size and Volume Forecast by Type
5.3.1. Water-based Fluids
5.3.2. Oil-based Fluids
5.3.3. Synthetic-based Fluids
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oilfield Drilling Fluids Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oilfield Drilling Fluids Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oilfield Drilling Fluids Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oilfield Drilling Fluids Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oilfield Drilling Fluids Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oilfield Drilling Fluids Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oilfield Drilling Fluids Demand Share Forecast, 2019-2026
9. North America Oilfield Drilling Fluids Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oilfield Drilling Fluids Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oilfield Drilling Fluids Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oilfield Drilling Fluids Market Size and Volume Forecast by Type
9.7.1. Water-based Fluids
9.7.2. Oil-based Fluids
9.7.3. Synthetic-based Fluids
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oilfield Drilling Fluids Demand Share Forecast, 2019-2026
10. Latin America Oilfield Drilling Fluids Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oilfield Drilling Fluids Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oilfield Drilling Fluids Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oilfield Drilling Fluids Market Size and Volume Forecast by Type
10.7.1. Water-based Fluids
10.7.2. Oil-based Fluids
10.7.3. Synthetic-based Fluids
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oilfield Drilling Fluids Demand Share Forecast, 2019-2026
11. Europe Oilfield Drilling Fluids Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oilfield Drilling Fluids Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oilfield Drilling Fluids Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oilfield Drilling Fluids Market Size and Volume Forecast by Type
11.7.1. Water-based Fluids
11.7.2. Oil-based Fluids
11.7.3. Synthetic-based Fluids
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oilfield Drilling Fluids Demand Share, 2019-2026
12. Asia Pacific Oilfield Drilling Fluids Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oilfield Drilling Fluids Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oilfield Drilling Fluids Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oilfield Drilling Fluids Market Size and Volume Forecast by Type
12.7.1. Water-based Fluids
12.7.2. Oil-based Fluids
12.7.3. Synthetic-based Fluids
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oilfield Drilling Fluids Demand Share, 2019-2026
13. Middle East & Africa Oilfield Drilling Fluids Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oilfield Drilling Fluids Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oilfield Drilling Fluids Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oilfield Drilling Fluids Market Size and Volume Forecast by Type
13.7.1. Water-based Fluids
13.7.2. Oil-based Fluids
13.7.3. Synthetic-based Fluids
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oilfield Drilling Fluids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oilfield Drilling Fluids Market: Market Share Analysis
14.2. Oilfield Drilling Fluids Distributors and Customers
14.3. Oilfield Drilling Fluids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Halliburton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schlumberger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BHGE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Newpark Resources
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Q'Max Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lubrizol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CES Energy Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Calumet
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Catalyst LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. National Oilwell Varco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TETRA Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Scomi Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GEO Drilling Fluids
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CNPC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. China Oilfield Services Limited
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Gumpro Drilling Fluids
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
