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Drilling Fluid-Global Market Insights and Sales Trends 2024

Drilling Fluid-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1856431

No of Pages : 110

Synopsis
Drilling fluid is any fluid that circulated in the borehole to help in carrying out a cost-effective and efficient drilling operation resulting in stable and gauged borehole to targeted depth with minimum possible damage to prospective formations.

Drilling fluid, also called drilling mud is used to aid the drilling of boreholes into the earth. Often used while drilling oil and natural gas wells and on exploration drilling rigs, drilling fluids are also used for much simpler boreholes, such as water wells. One of the functions of drilling mud is to carry cuttings out of the hole.

The main functions of drilling fluids include providing hydrostatic pressure to prevent formation fluids from entering into the well bore, keeping the drill bit cool and clean during drilling, carrying out drill cuttings, and suspending the drill cuttings while drilling is paused and when the drilling assembly is brought in and out of the hole. The drilling fluid used for a particular job is selected to avoid formation damage and to limit corrosion.
The global Drilling Fluid market size is expected to reach US$ 13480 million by 2029, growing at a CAGR of 4.7% from 2023 to 2029. The market is mainly driven by the significant applications of Drilling Fluid in various end use industries. The expanding demands from the Onshore Oil, Offshore Oil and Natural Gas Industry,, are propelling Drilling Fluid market. Oil-Based Fluids (OBF), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Water Based Fluids (WBF) segment is estimated at % CAGR for the next seven-year period.
Global key players of drilling fluids include Schlumberger, Halliburton, Baker Hughes, etc. America is the largest producer of semiconductor sealing products, holds a share over 50%, followed by Asia-Pacific, and Europe. In terms of product, water based fluids (WBF) is the largest segment, with a share about 50%. And in terms of application, the largest segment is onshore drilling, with a share about 75%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Drilling Fluid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Drilling Fluid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Drilling Fluid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Drilling Fluid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Drilling Fluid covered in this report include Schlumberger (M-I Swaco), Halliburton, Baker Hughes, Newpark Resources, Tetra Technologies, Canadian Energy Services & Technology, National Oilwell Varco, Scomi Group Bhd and Secure Energy Services, etc.
The global Drilling Fluid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger (M-I Swaco)
Halliburton
Baker Hughes
Newpark Resources
Tetra Technologies
Canadian Energy Services & Technology
National Oilwell Varco
Scomi Group Bhd
Secure Energy Services
Weatherford International
Anchor Drilling Fluids USA
Global Drilling Fluids & Chemicals
PetroChina
Sinopec
CNOOC
Global Drilling Fluid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Drilling Fluid market, Segment by Type:
Oil-Based Fluids (OBF)
Water Based Fluids (WBF)
Others
Global Drilling Fluid market, by Application
Onshore Oil
Offshore Oil
Natural Gas Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Drilling Fluid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Drilling Fluid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Drilling Fluid Market Overview
1.1 Drilling Fluid Product Overview
1.2 Drilling Fluid Market Segment by Type
1.2.1 Oil-Based Fluids (OBF)
1.2.2 Water Based Fluids (WBF)
1.2.3 Others
1.3 Global Drilling Fluid Market Size by Type
1.3.1 Global Drilling Fluid Market Size Overview by Type (2018-2029)
1.3.2 Global Drilling Fluid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Drilling Fluid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Drilling Fluid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Drilling Fluid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Drilling Fluid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Drilling Fluid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Drilling Fluid Sales Breakdown by Type (2018-2023)
2 Global Drilling Fluid Market Competition by Company
2.1 Global Top Players by Drilling Fluid Sales (2018-2023)
2.2 Global Top Players by Drilling Fluid Revenue (2018-2023)
2.3 Global Top Players by Drilling Fluid Price (2018-2023)
2.4 Global Top Manufacturers Drilling Fluid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Drilling Fluid Market Competitive Situation and Trends
2.5.1 Drilling Fluid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Drilling Fluid Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Drilling Fluid as of 2022)
2.7 Date of Key Manufacturers Enter into Drilling Fluid Market
2.8 Key Manufacturers Drilling Fluid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Drilling Fluid Status and Outlook by Region
3.1 Global Drilling Fluid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Drilling Fluid Historic Market Size by Region
3.2.1 Global Drilling Fluid Sales in Volume by Region (2018-2023)
3.2.2 Global Drilling Fluid Sales in Value by Region (2018-2023)
3.2.3 Global Drilling Fluid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Drilling Fluid Forecasted Market Size by Region
3.3.1 Global Drilling Fluid Sales in Volume by Region (2024-2029)
3.3.2 Global Drilling Fluid Sales in Value by Region (2024-2029)
3.3.3 Global Drilling Fluid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Drilling Fluid by Application
4.1 Drilling Fluid Market Segment by Application
4.1.1 Onshore Oil
4.1.2 Offshore Oil
4.1.3 Natural Gas Industry
4.2 Global Drilling Fluid Market Size by Application
4.2.1 Global Drilling Fluid Market Size Overview by Application (2018-2029)
4.2.2 Global Drilling Fluid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Drilling Fluid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Drilling Fluid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Drilling Fluid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Drilling Fluid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Drilling Fluid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Drilling Fluid Sales Breakdown by Application (2018-2023)
5 North America Drilling Fluid by Country
5.1 North America Drilling Fluid Historic Market Size by Country
5.1.1 North America Drilling Fluid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Drilling Fluid Sales in Volume by Country (2018-2023)
5.1.3 North America Drilling Fluid Sales in Value by Country (2018-2023)
5.2 North America Drilling Fluid Forecasted Market Size by Country
5.2.1 North America Drilling Fluid Sales in Volume by Country (2024-2029)
5.2.2 North America Drilling Fluid Sales in Value by Country (2024-2029)
6 Europe Drilling Fluid by Country
6.1 Europe Drilling Fluid Historic Market Size by Country
6.1.1 Europe Drilling Fluid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Drilling Fluid Sales in Volume by Country (2018-2023)
6.1.3 Europe Drilling Fluid Sales in Value by Country (2018-2023)
6.2 Europe Drilling Fluid Forecasted Market Size by Country
6.2.1 Europe Drilling Fluid Sales in Volume by Country (2024-2029)
6.2.2 Europe Drilling Fluid Sales in Value by Country (2024-2029)
7 Asia-Pacific Drilling Fluid by Region
7.1 Asia-Pacific Drilling Fluid Historic Market Size by Region
7.1.1 Asia-Pacific Drilling Fluid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Drilling Fluid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Drilling Fluid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Drilling Fluid Forecasted Market Size by Region
7.2.1 Asia-Pacific Drilling Fluid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Drilling Fluid Sales in Value by Region (2024-2029)
8 Latin America Drilling Fluid by Country
8.1 Latin America Drilling Fluid Historic Market Size by Country
8.1.1 Latin America Drilling Fluid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Drilling Fluid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Drilling Fluid Sales in Value by Country (2018-2023)
8.2 Latin America Drilling Fluid Forecasted Market Size by Country
8.2.1 Latin America Drilling Fluid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Drilling Fluid Sales in Value by Country (2024-2029)
9 Middle East and Africa Drilling Fluid by Country
9.1 Middle East and Africa Drilling Fluid Historic Market Size by Country
9.1.1 Middle East and Africa Drilling Fluid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Drilling Fluid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Drilling Fluid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Drilling Fluid Forecasted Market Size by Country
9.2.1 Middle East and Africa Drilling Fluid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Drilling Fluid Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schlumberger (M-I Swaco)
10.1.1 Schlumberger (M-I Swaco) Company Information
10.1.2 Schlumberger (M-I Swaco) Introduction and Business Overview
10.1.3 Schlumberger (M-I Swaco) Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schlumberger (M-I Swaco) Drilling Fluid Products Offered
10.1.5 Schlumberger (M-I Swaco) Recent Development
10.2 Halliburton
10.2.1 Halliburton Company Information
10.2.2 Halliburton Introduction and Business Overview
10.2.3 Halliburton Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Halliburton Drilling Fluid Products Offered
10.2.5 Halliburton Recent Development
10.3 Baker Hughes
10.3.1 Baker Hughes Company Information
10.3.2 Baker Hughes Introduction and Business Overview
10.3.3 Baker Hughes Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Baker Hughes Drilling Fluid Products Offered
10.3.5 Baker Hughes Recent Development
10.4 Newpark Resources
10.4.1 Newpark Resources Company Information
10.4.2 Newpark Resources Introduction and Business Overview
10.4.3 Newpark Resources Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Newpark Resources Drilling Fluid Products Offered
10.4.5 Newpark Resources Recent Development
10.5 Tetra Technologies
10.5.1 Tetra Technologies Company Information
10.5.2 Tetra Technologies Introduction and Business Overview
10.5.3 Tetra Technologies Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Tetra Technologies Drilling Fluid Products Offered
10.5.5 Tetra Technologies Recent Development
10.6 Canadian Energy Services & Technology
10.6.1 Canadian Energy Services & Technology Company Information
10.6.2 Canadian Energy Services & Technology Introduction and Business Overview
10.6.3 Canadian Energy Services & Technology Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Canadian Energy Services & Technology Drilling Fluid Products Offered
10.6.5 Canadian Energy Services & Technology Recent Development
10.7 National Oilwell Varco
10.7.1 National Oilwell Varco Company Information
10.7.2 National Oilwell Varco Introduction and Business Overview
10.7.3 National Oilwell Varco Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 National Oilwell Varco Drilling Fluid Products Offered
10.7.5 National Oilwell Varco Recent Development
10.8 Scomi Group Bhd
10.8.1 Scomi Group Bhd Company Information
10.8.2 Scomi Group Bhd Introduction and Business Overview
10.8.3 Scomi Group Bhd Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Scomi Group Bhd Drilling Fluid Products Offered
10.8.5 Scomi Group Bhd Recent Development
10.9 Secure Energy Services
10.9.1 Secure Energy Services Company Information
10.9.2 Secure Energy Services Introduction and Business Overview
10.9.3 Secure Energy Services Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Secure Energy Services Drilling Fluid Products Offered
10.9.5 Secure Energy Services Recent Development
10.10 Weatherford International
10.10.1 Weatherford International Company Information
10.10.2 Weatherford International Introduction and Business Overview
10.10.3 Weatherford International Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Weatherford International Drilling Fluid Products Offered
10.10.5 Weatherford International Recent Development
10.11 Anchor Drilling Fluids USA
10.11.1 Anchor Drilling Fluids USA Company Information
10.11.2 Anchor Drilling Fluids USA Introduction and Business Overview
10.11.3 Anchor Drilling Fluids USA Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Anchor Drilling Fluids USA Drilling Fluid Products Offered
10.11.5 Anchor Drilling Fluids USA Recent Development
10.12 Global Drilling Fluids & Chemicals
10.12.1 Global Drilling Fluids & Chemicals Company Information
10.12.2 Global Drilling Fluids & Chemicals Introduction and Business Overview
10.12.3 Global Drilling Fluids & Chemicals Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Global Drilling Fluids & Chemicals Drilling Fluid Products Offered
10.12.5 Global Drilling Fluids & Chemicals Recent Development
10.13 PetroChina
10.13.1 PetroChina Company Information
10.13.2 PetroChina Introduction and Business Overview
10.13.3 PetroChina Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.13.4 PetroChina Drilling Fluid Products Offered
10.13.5 PetroChina Recent Development
10.14 Sinopec
10.14.1 Sinopec Company Information
10.14.2 Sinopec Introduction and Business Overview
10.14.3 Sinopec Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Sinopec Drilling Fluid Products Offered
10.14.5 Sinopec Recent Development
10.15 CNOOC
10.15.1 CNOOC Company Information
10.15.2 CNOOC Introduction and Business Overview
10.15.3 CNOOC Drilling Fluid Sales, Revenue and Gross Margin (2018-2023)
10.15.4 CNOOC Drilling Fluid Products Offered
10.15.5 CNOOC Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Drilling Fluid Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Drilling Fluid Industrial Chain Analysis
11.4 Drilling Fluid Market Dynamics
11.4.1 Drilling Fluid Industry Trends
11.4.2 Drilling Fluid Market Drivers
11.4.3 Drilling Fluid Market Challenges
11.4.4 Drilling Fluid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Drilling Fluid Distributors
12.3 Drilling Fluid Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

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