The global water-based drilling fluid market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for water-based drilling fluids in offshore applications and the growing need for cost-effective alternatives to oil-based fluids in onshore applications.
The global water-based drilling fluid market is segmented into type, application, and region. Based on type, the fresh water drilling fluid segment accounted for a share of over 50% in 2017 and is expected to maintain its dominance throughout the forecast period owing to its low cost and high availability as compared with other types of fluids such as brine or synthetic based fluids. The offshore application segment accounted for over 60% share in 2017 due to higher demand from this sector as compared with onshore applications which are more prevalent in North America than other regions owing to their lower costs associated with production and transportation costs.
- The growing need for cost-effective solutions in deepwater exploration is also expected to fuel the growth of this market over the forecast period as it reduces operational costs and improves efficiency in deepwater exploration activities such as drilling, completion, workover operations, and production optimization activities such as well testing and stimulation treatments.
- Increasing environmental concerns related to hydraulic fracturing fluids are also driving demand for water-based drilling fluids which are considered safer than their counterparts due to their nonhazardous nature that does not contain any hazardous chemicals or additives that can contaminate groundwater resources or cause air pollution during transportation or disposal processes after use on site .
Industry Growth Insights published a new data on “Water-based Drilling Fluid Market”. The research report is titled “Water-based Drilling Fluid Market research by Types (Fresh Water Drilling Fluid, Brine Drilling Fluid, Other), By Applications (Onshore, Offshore), By Players/Companies Schlumberger Limited, DowDuPont, Halliburton, Baker Hughes-a GE Company, Akzo Nobel NV, Weatherford International, Clariant International, Solvay, Gumpro Drilling Fluids Private, Newpark Resources, Orean Hydrocarbons Middle East, Petrochem Performance Chemicals, National Oilwell Varco, Royal Dutch Shell”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-based Drilling Fluid Market Research Report
By Type
Fresh Water Drilling Fluid, Brine Drilling Fluid, Other
By Application
Onshore, Offshore
By Companies
Schlumberger Limited, DowDuPont, Halliburton, Baker Hughes-a GE Company, Akzo Nobel NV, Weatherford International, Clariant International, Solvay, Gumpro Drilling Fluids Private, Newpark Resources, Orean Hydrocarbons Middle East, Petrochem Performance Chemicals, National Oilwell Varco, Royal Dutch Shell
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Water-based Drilling Fluid Market Report Segments:
The global Water-based Drilling Fluid market is segmented on the basis of:
Types
Fresh Water Drilling Fluid, Brine Drilling Fluid, Other
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:
- Schlumberger Limited
- DowDuPont
- Halliburton
- Baker Hughes-a GE Company
- Akzo Nobel NV
- Weatherford International
- Clariant International
- Solvay
- Gumpro Drilling Fluids Private
- Newpark Resources
- Orean Hydrocarbons Middle East
- Petrochem Performance Chemicals
- National Oilwell Varco
- Royal Dutch Shell
Highlights of The Water-based Drilling Fluid 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:
- Fresh Water Drilling Fluid
- Brine Drilling Fluid
- Other
- 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 Water-based Drilling Fluid 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?
Water-based drilling fluid is a type of drilling fluid that is made up of water and other chemicals. It is used to lubricate the drill bit and help it move through the ground.
Some of the major companies in the water-based drilling fluid market are Schlumberger Limited, DowDuPont, Halliburton, Baker Hughes-a GE Company, Akzo Nobel NV, Weatherford International, Clariant International, Solvay, Gumpro Drilling Fluids Private, Newpark Resources, Orean Hydrocarbons Middle East, Petrochem Performance Chemicals, National Oilwell Varco, Royal Dutch Shell.
The water-based drilling fluid market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water-based Drilling Fluid 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. Water-based Drilling Fluid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water-based Drilling Fluid Market - Supply Chain
4.5. Global Water-based Drilling Fluid Market Forecast
4.5.1. Water-based Drilling Fluid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water-based Drilling Fluid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water-based Drilling Fluid Market Absolute $ Opportunity
5. Global Water-based Drilling Fluid 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. Water-based Drilling Fluid Market Size and Volume Forecast by Type
5.3.1. Fresh Water Drilling Fluid
5.3.2. Brine Drilling Fluid
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water-based Drilling Fluid 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. Water-based Drilling Fluid 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 Water-based Drilling Fluid 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. Water-based Drilling Fluid 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 Water-based Drilling Fluid 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. Water-based Drilling Fluid 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 Water-based Drilling Fluid Demand Share Forecast, 2019-2026
9. North America Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid Market Size and Volume Forecast by Type
9.7.1. Fresh Water Drilling Fluid
9.7.2. Brine Drilling Fluid
9.7.3. Other
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 Water-based Drilling Fluid Demand Share Forecast, 2019-2026
10. Latin America Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid Market Size and Volume Forecast by Type
10.7.1. Fresh Water Drilling Fluid
10.7.2. Brine Drilling Fluid
10.7.3. Other
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 Water-based Drilling Fluid Demand Share Forecast, 2019-2026
11. Europe Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid Market Size and Volume Forecast by Type
11.7.1. Fresh Water Drilling Fluid
11.7.2. Brine Drilling Fluid
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Water-based Drilling Fluid Demand Share, 2019-2026
12. Asia Pacific Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid Market Size and Volume Forecast by Type
12.7.1. Fresh Water Drilling Fluid
12.7.2. Brine Drilling Fluid
12.7.3. Other
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 Water-based Drilling Fluid Demand Share, 2019-2026
13. Middle East & Africa Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid 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 Water-based Drilling Fluid Market Size and Volume Forecast by Type
13.7.1. Fresh Water Drilling Fluid
13.7.2. Brine Drilling Fluid
13.7.3. Other
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 Water-based Drilling Fluid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water-based Drilling Fluid Market: Market Share Analysis
14.2. Water-based Drilling Fluid Distributors and Customers
14.3. Water-based Drilling Fluid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DowDuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Halliburton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baker Hughes-a GE Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Akzo Nobel NV
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Weatherford International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Clariant International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solvay
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gumpro Drilling Fluids Private
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Newpark Resources
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orean Hydrocarbons Middle East
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Petrochem Performance Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. National Oilwell Varco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Royal Dutch Shell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
