The global Drilling Fluids Market is projected to witness an incremental growth by 2025, exhibiting a CAGR of 3.7% during the forecast period of 2018 to 2025. Rapid surge in the product demand is credited to the rising number of drilling activities across the globe and shifting trend towards oil exploration. As a whole, the drilling fluid market is estimated to generate significant revenue during the forecast period, thereby offering numerous opportunities for investors to speed up research & development activities.
Robust growth in oil & gas industry, particularly among developed economies is expected to drive the drilling fluids industry growth during the forecast period. In addition, offshore decommissioning services is expected to gain momentum in European & Middle-East region based on rising number of decommissioning projects in North Sea area, thus contributing to the rampant demand for drilling fluids. Moreover, adoption of advanced drilling techniques coupled with high-end productivity are expected to foster drilling fluids market growth in the upcoming years.
Request a Sample Copy of Drilling Fluids Market Report @ https://www.millioninsights.com/industry-reports/drilling-fluids-market/request-sample
However, lowered cost of crude oil and massive slump in the drilling activities are some of the key challenges for market expansion, in the last few years. These factors are also expected to hamper overall productivity and operating profitability of upstream or exploration and production companies across the globe. Rise in the number of manufactures that are incorporating the cost-effective into their mass-market models is expected to pave a way for future market developments.
Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)
- Oil based fluids
- Water based fluids
- Synthetic based fluids
- Others
Drilling Fluids Application Outlook (Revenue, USD Million, 2014 - 2025)
- Onshore oil & gas
- Offshore oil & gas
The manufacturers of drilling fluids include Schlumberger Ltd., Halliburton Inc., Baker Hughes Inc., Newpark Resources Inc., National Oilwell Varco, Inc., Scomi Group Bhd, TETRA Technologies, Inc., Canadian Energy Services & Technology Corp., GEO Drilling Fluids, Inc., and Anchor Drilling Fluids USA, Inc.
Access Drilling Fluids Market Report with TOC @ https://www.millioninsights.com/industry-reports/drilling-fluids-market
Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Drilling Fluids Market Variables, Trends, and Scope
Chapter 4 Drilling Fluids Market: Product Outlook
Chapter 5 Drilling Fluids Market: Application Outlook
Chapter 6 Drilling Fluids Market: Regional Outlook
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
Visit Our Blog: https://marketreportsassistance.wordpress.com
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: [email protected]
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: [email protected]