Drilling Fluids Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

The Drilling Fluids Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Drilling fluids are the backbone of drilling operations and serve a variety of purposes. This fluid is mainly used for drilling underground wells. Drilling fluids provide primary well control of subsurface pressure by a combination of density and additional pressure acting on the fluid column (surface-imposed or annular). Drilling fluid is also called drilling mud. The various key functions of drilling fluids include maintaining well control, controlling subsurface pressure, maintaining well stability – chemically and mechanically, and delivering hydraulic energy to drill bits and downhole tools. Different types of drilling fluids are used in marine and onshore oil and gas applications, especially oil-based fluids, aqueous fluids, non-aqueous fluids and synthetic fluids. Aqueous drilling fluids are one of the most widely used drilling fluids and are expected to occupy a significant market share.

The following segmentation are covered in this report:

By Well Type

• Conventional Wells
• High-pressure High Temperature (HPHT) Wells

By Application

• Onshore
• Offshore

By Fluid System

• Water-based System
• Oil-based System
• Synthetic-based System
• Others

Company Profile

• Schlumberger (U.S.)
• Halliburton (U.S.)
• Newpark (U.S.)
• Baker Hughes (U.S.)
• TETRA Technologies, Inc. (U.S.)
• Canadian Energy Services (Canada)
• NOV (U.S.)
• Secure Energy (Canada)
• Weatherford (U.S.)
• Q’Max Solutions Inc. (U.S.)
• Global Drilling Fluids and Chemical Limited (India)
• Sagemines
• Scomi Group Bhd (Malaysia)

Scope of the report

The research study analyses the Drilling Fluids Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Drilling Fluids Market Report

• What was the Drilling Fluids Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Drilling Fluids Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Drilling Fluids Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.