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The global onshore drilling fluids market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e. 2023-2035. The market is segmented by product type into water-based fluids, oil-based fluids, and synthetic-based fluids. Out of these, the oil-based fluids segment is attributed to garner the highest market share by 2033, owing to high consumption of petroleum based products across the world. It estimated that the consumption of petroleum products in India stood up at 195 million tons (MT) in FY21.
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