Drilling And Completion Fluids Market Forecast To 2023: Development Trends, Competitive Landscape An

By Author: MarketsandMarkets
Total Articles: 23
Comment this article

The report "Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023", the The global drilling & completion fluids market is projected to reach a market size of USD 12.76 Billion in 2023 from an estimated USD 9.62 Billion in 2018, at a CAGR of 5.82% during the forecast period. This growth can be primarily attributed to the increase in drilling activities for onshore and offshore, and rise in shale gas exploration.

Don’t miss out on business opportunities in Drilling and Completion Fluids Market. Download PDF brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1241

The key players in drilling and completion fluids market have undertaken merger and acquisition activities to expand their market share.

Browse and in-depth TOC on “Drilling and Completion Fluids Market”
79 – Tables
36 – Figures
135 – ...
... Pages

View more detailed TOC:
https://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html

The onshore segment is expected to hold the largest share of the drilling & completion fluids market, by application, during the forecast period

The onshore application segment led the drilling & completion fluids market in 2017 and is projected to dominate the market during the forecast period. As the majority of global oil and gas reserves are present onshore, it accounts for larger share of the total market. Drilling activities are on the rise in more challenging onshore regions, owing to an increase in the demand for oil & gas globally. The number of wells drilled onshore is drastically large than wells drilled offshore in 2017.

Water-based fluid system is expected to be the fastest-growing segment of the drilling & completion fluids market

The water-based fluid system is the largest segment of drilling and completion fluids market and is suitable for all applications including onshore and offshore. Water-based fluids are cost-effective and eco-friendly as compared to non-aqueous based fluids. Technological advancements have resulted in the use of water-based fluids in challenging high-pressure high-temperature conditions in deep and ultra-deepwater drilling activities. The discharge policies for water-based fluids are also not very stringent across the world due to the presence of less toxic chemicals. Thus, water-based fluid is the fastest growing segment due to cost effectiveness, less toxicity, and easy availability.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1241

Objectives of the Study -
• To define, describe, segment, and forecast the drilling and completion fluids market by fluid systems, well type, application, and region
• To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the drilling and completion fluids market with respect to individual growth trends, future expansions, and contribution to the market
• To forecast the expansion of the drilling and completion fluids market in the main regions (North America, Europe, the Middle East, Africa, Asia Pacific, and South America)
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and research and development (R&D) in the drilling and completion fluids market

North America: The leading market for drilling & completion fluids

The North America drilling and completion fluids market is driven by the increase in oilfield discoveries and drilling activities across the region. The rise in the exploration of shale gas, tight oil, and other unconventional resources has increased the demand for drilling and completion fluids. The presence of vast shale gas reserves in the North American region has resulted in improved offshore activities in this region. The offshore exploration activities in the Gulf of Mexico are on the rise, which has led the companies to expand within the region. North America is also at the forefront of forming policies and regulations for the prevention of the degradation of the environment.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com