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The drilling & completion fluids market is expected to grow from an estimated USD 9.62 Billion in 2018 to USD 12.76 Billion by 2023, registering a CAGR of 5.82% during the forecast period. This growth can be attributed to the increased drilling activities for oil and gas production and rise in the exploration of shale gas.<br>To know more: - https://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html <br>
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Drilling and Completion Fluids Market by Application, Fluid System, Well Type, and Region - Global Forecast to 2023 www.MarketsandMarkets.com
The onshore segment is expected to hold the largest share of the drilling & completion fluids market, by application, during the forecast period The onshore application segment led the drilling & completion fluids market in 2017 and is projected to dominate the market during the forecast period. As the majority of global oil and gas reserves are present onshore, it accounts for larger share of the total market. Drilling activities are on the rise in more challenging onshore regions, owing to an increase in the demand for oil & gas globally. The number of wells drilled onshore is drastically large than wells drilled offshore in 2017. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=1241
Water-based fluid system is expected to be the fastest-growing segment of the drilling & completion fluids market The water-based fluid system is the largest segment of drilling and completion fluids market and is suitable for all applications including onshore and offshore. Water-based fluids are cost-effective and eco-friendly as compared to non-aqueous based fluids. Technological advancements have resulted in the use of water-based fluids in challenging high-pressure high-temperature conditions in deep and ultra-deepwater drilling activities. The discharge policies for water-based fluids are also not very stringent across the world due to the presence of less toxic chemicals. Thus, water-based fluid is the fastest growing segment due to cost effectiveness, less toxicity, and easy availability. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=1241
Browse >> 79 market data tables 36 figures 135 pagesand in-depth TOC on “Drilling and Completion Fluids Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
North America: The leading market for drilling & completion fluids The North America drilling and completion fluids market is driven by the increase in oilfield discoveries and drilling activities across the region. The rise in the exploration of shale gas, tight oil, and other unconventional resources has increased the demand for drilling and completion fluids. The presence of vast shale gas reserves in the North American region has resulted in improved offshore activities in this region. The offshore exploration activities in the Gulf of Mexico are on the rise, which has led the companies to expand within the region. North America is also at the forefront of forming policies and regulations for the prevention of the degradation of the environment. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=1241
Target Audience: • Oilfield service companies • Exploration and production companies • Drilling tools and equipment manufacturers • Oil & gas field operators • National Oil Companies (NOCs) • Government and research organizations • Consulting companies of the energy and power sector • Power and energy associations • Investment banks • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1241
Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the drilling & completion fluids market. These players include • BHGE (US), • Halliburton (US), • Schlumberger (US), • Canada Energy Services (Canada), • Newpark Resources (US). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1241
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