Summary - A new market study, titled “Drilling Waste Management - Global Market Outlook (2017-2023)” has been featured on WiseGuyReports.
According to Stratistics MRC, the Global Drilling Waste Management market is estimated at $3.89 billion in 2016 and is expected to reach $6.23 billion by 2023 growing at a CAGR of 6.9% from 2016 to 2023. Factors such as growing environmental concerns, increasing oil exploration and production activities, stringent government regulations and rising awareness regarding hazardous effects are influencing the market growth. In addition, future improvements in shale gas exploration along with ongoing R&D in offshore drilling are projected to provide huge opportunities for industry participants over the forecast period. However, intense competition in the service market and slump in crude oil prices are some of the key factors inhibiting the market growth.
Amongst Application, onshore segment held the major share and is anticipated to grow at a stable rate during the forecast period. Onshore finds its major market in the North American and European region. North America is anticipated to be the leading regional market over the next seven years due to large number of onshore wells coupled with growing exploration activities in Gulf region. The market for oil & gas drilling onshore is the most matured in the region. Additionally, there is an increase in the usage of hydraulic fracturing and horizontal drilling techniques in shale gas exploration in America.
Some of the key players in the market include Xi’an Kosun Machinery Co., Ltd., Weatherford International Ltd., TWMA Ltd.,Tervita Corporation, Step Oiltools, Specialty Drilling Fluids Ltd., Soli-Bond, Inc., Soiltech as, Secure Energy Services, Inc., Scomi Group BHD,Schlumberger Ltd., Ridgeline Canada, Inc., Nuverra Environmental Solutions, Newalta, National Oilwell Varco, Inc., Imdex Limited, Hebei Gn Solids Control Co. Ltd., Halliburton Co., Derrick Equipment Company, Baker Hughes, Inc. and Augean PLC.
Services Covered:
- Treatment & Disposal
- Solids Control
- Recycling and Recovery
- Disposal
- Containment & Handling
Applications Covered:
- Offshore
- Onshore
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/1631225-drilling-waste-management-global-market-outlook-2017-2023
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progresive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-826-80070 (US)
Ph: +44 203 500 2763 (UK)
The global Drilling Waste Management Market is expected to cross USD 7.13 billion by 2025 and is expected to reach at a CAGR of 6.57% in the forecast period due to rise in environmental concern toward effective drilling waste management.
Activities pertaining to oil & gas exploration, logistics and transportation entail a potential risk to surroundings and atmosphere.
These activities are production, work-over operations, gas plant operations, and completion operations.
On the other hand, the overall process of drilling oil and gas produces very large volumes of mud and drill cuttings.
In addition, rise in investments in the mining and construction sector is anticipated to contribute significantly to the market growth in the forecast period.
Europe and North America are sizeable markets due to extensive production ofoil and gas coupled with stability in oil prices.
