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The global drilling waste management market is estimated to be USD 3.80 Billion in 2015, and is projected to reach USD 5.08 Billion by 2020. The market is projected to grow at a CAGR of 6.0% from 2015 to 2020. Rapid technological developments improving the drilling and production capability aid exploration and production activities in the deep-water and ultra-deep-water areas across the globe. These factors boost the drilling waste management market. The drilling waste management contains three types of processes, namely, solids control, containment & handling, and treatment & disposal. The market is segmented on the basis of application and type of service. On the basis of application, the market is divided under the hood—onshore and offshore.
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Drilling Waste Management Market by Service, Application, & Region - Global Forecast to 2020 www.MarketsandMarkets.com
In the drilling waste management market by application, onshore occupies the lions share and offshore is expected to grow at the highest pace. The drilling waste management market is subsegmented by application into onshore and offshore. The onshore application segment occupies the major share of the market and the offshore application segment is estimated to see high growth rate during the forecast period. The onshore application segment of drilling waste management is led by North America, particularly the U.S., which has witnessed historic levels of domestic crude oil production owing to the widespread use of technologies such as horizontal drilling and hydraulic fracturing that enabled the “shale revolution.” PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=1242
Treatment & disposal services are estimated to drive the drilling waste management market with the highest growth rate. On the basis of services, the following are the subsegments, namely, treatment & disposal, solids control, and containment & handling. Out of the mentioned, treatment & disposal occupies the major share, which is due to the onsite burial (pits and landfills), land-farming, land-spreading, bioremediation, thermal treatment, and slurry injection techniques. The market for treatment & disposal service would be particularly driven by North America and Europe, due to growing stringent regulations, such as zero-discharge standards, which mandate treatment and reuse of all waste without being discharged to the environment, specifically into the sea. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=1242
Browse >> 79 market data tables 55 figures 202pagesand in-depth TOC on “Drilling Waste Management Market - Global Forecast to 2020” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8650 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 is estimated to be the global leader in the drilling waste management market by value for the next 5 years. The North American region has been categorized on the basis of countries into the U.S., Canada, and Mexico. The region accounts for more than half of the market. The market has been hit the hardest due to the meltdown in global crude oil prices, with the U.S. drilling rig count declining nearly 60%, from January 2015 to January 2016. The primary reason for this is the higher break-even costs in shale drilling and production, forcing producers to idle more rigs in face of lower prices compared with drillers in other regions with lower production costs, such as the Middle East. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=1242
Target Audience: • The target audience of this report includes: • Original Equipment Manufacturers (OEMs) • EPC Companies • Oil & Gas Service Providers • Distributers & Suppliers • Consulting Firms • Private Equity Groups • Investment Houses • Equity Research Firms • Other Stakeholders • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1242
Key players - • The drilling waste management market, in terms of developments was dominated by • Kosun (China), • TWMA (U.K.), • Ridgeline Energy Services (Canada), • Soli-Bond, Inc. (U.S.), etc • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1242
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