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New Research Says Drilling Waste Management Market Is Expected To Reach Usd 5.08 Billion By 2020

By Author: Akshay
Total Articles: 138

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.
The drilling waste management market, in terms of developments was dominated by Kosun (China), TWMA (U.K.), Ridgeline Energy Services (Canada), and Soli-Bond, Inc. (U.S.).
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The market has been segmented into:
On the following basis:
• By Application:
o Onshore
o Offshore
• By Service:
o Solid Control
o Containment & Handling
o Treatment & disposal
• By Region:
o North America
o South America
o Europe
o Asia-Pacific
o The Middle East
o Africa
The increase in the energy demand has resulted in the rise in oil & gas production from the regions such as North America and the Middle East. Due to this increase, there is increase in the exploration & production activities in the region. The drilling activity process plays a crucial role for oil & gas Exploration and Production (E&P). This increase in the drilling activities results in the surge of the waste produced while drilling which comprises of the drilling mud and cuttings.
Browse 79 market data Tables and 55 Figures spread through 202 Pages and in-depth TOC on "Drilling Waste Management Market - Global Forecast to 2020"
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Research Methodology
-Major services were identified along with the number of same applied and practiced in each region across the globe
-Secondary’s were conducted to find the number of drilled wells and depth of the wells drilled globally across various countries and their contribution to the drilling waste management market
-The drilling waste management market was identified as per the application being onshore and offshore and the split was calculated by conducting primary’s with industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, which helped to obtain and verify critical qualitative and quantitative information as well as assess future market prospects
-Top companies’ revenues (regional/global), drilling waste services pricing, and industry trends along with top-down, bottom-up, and MnM KNOW were used to estimate the market size
-This was further broken down into several segments and subsegments on the basis of information gathered
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The increase in the energy demand has resulted in the rise in oil & gas production from the regions such as North America and the Middle East. Due to this increase, there is increase in the exploration & production activities in the region. The drilling activity process plays a crucial role for oil & gas Exploration and Production (E&P). This increase in the drilling activities results in the surge of the waste produced while drilling which comprises of the drilling mud and cuttings. Therefore, it is very important to have a suitable waste management application for drilling processes, safeguarding the environment. Increase in production and exploration activities provides opportunities of drilling waste management.
Target Audience
• Original Equipment Manufacturers (OEMs)
• EPC Companies
• Oil & Gas Service Providers
• Distributers & Suppliers
• Consulting Firms
• Private Equity Groups
• Investment Houses
• Equity Research Firms
• Other Stakeholders
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MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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sales@marketsandmarkets.com

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