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.
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