Home / Oil & Gas / Drilling Fluids Market By Product (Oil Based Fluids, Oil Based Fluids, Water Based Fluids, Synthetic Based Fluids), By Application (Onshore, Offshore) - Growth, Future Prospects & Competitive Analysis, 2016-2023

Drilling Fluids Market By Product (Oil Based Fluids, Oil Based Fluids, Water Based Fluids, Synthetic Based Fluids), By Application (Onshore, Offshore) - Growth, Future Prospects & Competitive Analysis, 2016-2023

Published: Nov 2016 | Report Code: 58223-11-16

Drilling Fluids refers to the liquid and gaseous fluid or mixtures of fluids and solids used in drilling operations. They are widely used to provide lubrication, cooling to the drill bit, remove cuttings from the well, control formation pressure, seal permeable formations, and maintain wellbore stability in drilling operation for extraction of hydrocarbons from the earth surface. Drilling fluids are also known as drilling mud. Drilling fluids are generally classified as water based, oil based and synthetic fluids.

Drilling fluids market for oil & gas industry is expected to gain significant growth with increasing drilling activities for the production of hydrocarbons. Growing energy demand from various industries such as power, manufacturing and transportation is projected to augment the growth of drilling fluids during the forecast period. Moreover, growing drilling activities on offshore reserve along with growing exploration of non-conventional shale gas reserves is expected to fuel the demand for drilling fluids over the forecast period (2016-2023).  However, slowdown oil and gas industry, increasing use of alternative energy sources such as solar, wind along with environmental concerns over usage and disposal of drilling fluids is anticipated to restrain the growth of drilling fluids market during the forecast period (2016-2023).

North America is expected to largest region in global drilling fluids market which is anticipated to contribute highest revenue share owing to growing drilling activities for the production of shale gas coupled with increasing offshore drilling activities in U.S. Gulf of Mexico is expected to augment the growth of drilling fluids market in the region. Middle East & Africa is projected to be the second largest region due to increasing oil production coupled with high oil & gas reserves in the region.

Global drilling fluids market is projected to be valued at US$ 7.9 Bn by the end of 2016 and is expected to expand at a CAGR 5.1% during the forecast period 2016-2023.

 Drilling Fluids Market

Purpose of the Report

The purpose of this strategic research study titled “Global Drilling Fluids Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global drilling fluids market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Drilling fluids manufacturing companies
  • Oil & Gas exploration and production companies
  • Oil Field Services  Companies
  • Research Institutes

USP and Key Offerings

The report titled “Global Drilling Fluids Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the drilling fluids market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on product type, reserve type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading drilling fluids manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to validate the forthcoming attractive markets within oil & gas industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the drilling fluids market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Drilling Fluids Market for Oil & Gas Industry Snapshot
2.1.1. Global Drilling Fluids Market for Oil & Gas Industry by Product Type, 2016
2.1.2. Global Drilling Fluids Market for Oil & Gas Industry by Application, 2016
2.1.3. Global Drilling Fluids Market for Oil & Gas Industry by Geography, 2016
2.1.4. Market Drivers, Challenges and Trends

3. Global Drilling Fluids Market for Oil & Gas Industry Market Dynamics
3.1. Market Overview
3.2. Revenue Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges During the Forecast Period (2016-2023)
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global Drilling Fluids Market for Oil & Gas Industry Size , By Product Type, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Product Type, 2015 vs 2023
4.1.2. Attractive Investment Proportion by Product Type
4.2. Oil Based Fluids
4.3. Water Based Fluids
4.4. Synthetic Based Fluids

5. Global Drilling Fluids Market for Oil & Gas Industry Size , By Application, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 vs 2023
5.1.2. Attractive Investment Proportion by Application
5.2. Onshore
5.3. Offshore

6. Global Drilling Fluids Market for Oil & Gas Industry Size, By Geography, 2013 – 2023
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2015 vs. 2023
6.1.2. Attractive Investment Proportion by Geography
6.2. North America Drilling Fluids Market for Oil & Gas Industry Analysis, 2013 – 2023
6.2.1. North America Drilling Fluids Market for Oil & Gas Industry Size , By Country, 2013 – 2023
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Drilling Fluids Market for Oil & Gas Industry Size, By Product Type, 2013 – 2023
6.2.2.1. Oil Based Fluids
6.2.2.2. Water Based Fluids
6.2.2.3. Synthetic Based Fluids
6.2.3. North America Drilling Fluids Market for Oil & Gas Industry Size, By Application, 2013 – 2023
6.2.3.1. Onshore
6.2.3.2. Offshore
6.3. Europe Drilling Fluids Market for Oil & Gas Industry Analysis, 2013 – 2023
6.3.1. Europe Drilling Fluids Market for Oil & Gas Industry Size, By Country, 2013 – 2023
6.3.1.1. Russia
6.3.1.2. U.K
6.3.1.3. Rest of Europe
6.3.2. Europe Drilling Fluids Market for Oil & Gas Industry Size, By Product Type, 2013 – 2023
6.3.2.1. Oil Based Fluids
6.3.2.2. Water Based Fluids
6.3.2.3. Synthetic Based Fluids
6.3.3. Europe Drilling Fluids Market for Oil & Gas Industry Size, By Application, 2013 – 2023
6.3.3.1. Onshore
6.3.3.2. Offshore
6.4. Asia Pacific Drilling Fluids Market for Oil & Gas Industry Analysis, 2013 – 2023
6.4.1. Asia Pacific Drilling Fluids Market for Oil & Gas Industry Size, By Country, 2013 – 2023
6.4.1.1. Australia
6.4.1.2. China
6.4.1.3. Indonesia
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Drilling Fluids Market for Oil & Gas Industry Size, By Product Type, 2013 – 2023
6.4.2.1. Oil Based Fluids
6.4.2.2. Water Based Fluids
6.4.2.3. Synthetic Based Fluids
6.4.3. Asia Pacific Drilling Fluids Market for Oil & Gas Industry Size, By Application, 2013 – 2023
6.4.3.1. Onshore
6.4.3.2. Offshore
6.5. Latin America Drilling Fluids Market for Oil & Gas Industry Analysis, 2013 – 2023
6.5.1. Latin America Drilling Fluids Market for Oil & Gas Industry Size, By Country, 2013 – 2023
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Drilling Fluids Market for Oil & Gas Industry Size, By Product Type, 2013 – 2023
6.5.2.1. Oil Based Fluids
6.5.2.2. Water Based Fluids
6.5.2.3. Synthetic Based Fluids
6.5.3. Latin America Drilling Fluids Market for Oil & Gas Industry Size, By Application, 2013 – 2023
6.5.3.1. Onshore
6.5.3.2. Offshore
6.6. Middle East & Africa (MEA) Drilling Fluids Market for Oil & Gas Industry Analysis, 2013 – 2023
6.6.1. MEA Drilling Fluids Market for Oil & Gas Industry Size, By Country, 2013 – 2023
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Drilling Fluids Market for Oil & Gas Industry Size, By Product Type, 2013 – 2023
6.6.2.1. Oil Based Fluids
6.6.2.2. Water Based Fluids
6.6.2.3. Synthetic Based Fluids
6.6.3. MEA Drilling Fluids Market for Oil & Gas Industry Size, By Application, 2013 – 2023
6.6.3.1. Onshore
6.6.3.2. Offshore

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. Anchor Drilling Fluids Inc
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.2. AkzoNobel N.V
7.2.3. BP PLC
7.2.4. Baker Hughes Incorporated
7.2.5. Canadian Energy Services
7.2.6. Halliburton
7.2.7. Schlumberger
7.2.8. Royal Dutch Shell Inc.
7.2.9. TETRA Technologies
7.2.10. Weatherford
7.2.11. Other Notable Players

List Of Table :

Table 01: Global Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast by Product Type, 2013-2023
Table 03: Global Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast by Application, 2013-2023
Table 04: Global Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Geography, 2013-2023
Table 05: North America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Country, 2013-2023
Table 06: North America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Product Type, 2013-2023
Table 08: North America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Application, 2013-2023
Table 09: Europe Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Country, 2013-2023
Table 10: Europe Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Product Type, 2013-2023
Table 12: Europe Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Applications, 2013-2023
Table 13: Asia Pacific Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Country, 2013-2023
Table 14: Asia Pacific Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Product Type, 2013-2023
Table 16: Asia Pacific Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Application, 2013-2023
Table 17: Latin America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Country, 2013-2023
Table 18: Latin America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Product Type, 2013-2023
Table 20: Latin America Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Application, 2013-2023
Table 21: Middle East & Africa Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Country, 2013-2023
Table 22: Middle East & Africa Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Product Type, 2013-2023
Table 24: Middle East & Africa Drilling Fluids for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, by Application, 2013-2023
Table 25: Anchor Drilling Fluids Inc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 26: AkzoNobel N.V.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 27: BP PLC: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 28: Baker Hughes Incorporated: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 29: Canadian Energy Services: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 30: Halliburton: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 31: Schlumberger: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 32: Royal Dutch Shell Inc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 33: TETRA Technologies: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 34: Weatherford: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)

Listv Of Figure :

Figure 01: Global Drilling Fluids Market for Oil & Gas Industry Market Revenue (US$ Mn) Forecast, 2013-2023
Figure 02: Global Drilling Fluids Market for Oil & Gas Industry, Market Share (%) by Product Type, 2015 vs. 2023
Figure 03: Global Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Product Type, 2015
Figure 04: Global Drilling Fluids Market for Oil & Gas Industry, Market Share (%) by Application, 2015 vs. 2023
Figure 05: Global Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Application, 2015
Figure 06: Global Drilling Fluids Market for Oil & Gas Industry, Market Share Analysis (%) by Geography, 2015 vs. 2023
Figure 07: Global Drilling Fluids Market for Oil & Gas Industry, Investment Proportion by Geography, 2015
Figure 08: North America Drilling Fluids Market for Oil & Gas Industry, Investment Proportion by Country, 2015
Figure 09: Europe Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Country, 2015
Figure 10: Asia Pacific Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Country, 2015
Figure 11: Latin America Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Country, 2015
Figure 12: Middle East & Africa Drilling Fluids Market for Oil & Gas Industry Investment Proportion by Country, 2015

On the basis of product type, global drilling fluid market is categorized into following types:

  • Oil Based Fluids (OBF)
  • Water Based Fluids (WBF)
  • Synthetic Based Fluids (SBF)

Drilling Fluids Market

 

Drilling fluids are prepared with various chemicals, clay, mud, gases, diesel fuel, and synthetic oil. Various combinations are used to prepare drilling fluids based on the reserve type. For instance, synthetic based fluids are widely used in offshore drilling as it has similar properties of oil based drilling fluids but is produces less toxic fluid fumes than oil based drilling fluids.

On the basis of product type, the global drilling fluid market can be segmented into oil based drilling fluids, water based drilling fluids and synthetic based drilling fluids.

Among all product type, water based segment is expected to be the largest and fastest growing segment due to easy availability and cost effectiveness of water based drilling fluids coupled with its eco-friendly properties anticipated to fuel the demand of water based fluids during the forecast period. Followed by it, oil based fluid is expected to be the second largest segment by virtue of wide application in exploration of various type of reserves. The segment is projected to register moderate growth over the forecast period (2016-2023). However, environmental concerns coupled with regulatory policies over water contamination especially in offshore drilling is anticipated to hamper the growth of the segment over the forecast period.

On the basis of application type, global drilling fluids market for oil & gas is categorized into following types:

  • Onshore
  • Offshore

 Drilling Fluids Market

Oil & gas industry has witnessed shift from conventional to non-conventional oil & gas production. Advancement in technology assisting oil producers in discovery of offshore oil reserves economically. Increasing discovery of offshore reserves along with conventional onshore reserves is expected to augment the growth of the drilling fluids market over the forecast period.

On the basis of application, the global drilling fluid market can be segmented into onshore reserves and offshore reserves.

Among all application, onshore segment is anticipated to be the most dominant segment owing to increasing exploration and production of conventional reserves coupled with high number of proven reserves is expected to fuel the demand for drilling fluids over the forecast period. Followed by it, offshore segment is expected to be the fastest growing segment by virtue of shale gas from the matured and abandoned reserves coupled with increasing deep water drilling activities especially in U.S Gulf of Mexico, shale and tight oil production in Canada and discovery of ultra deep water drilling reserves in North Sea, South China Sea and other regions of the globe. The segment is projected to register significant growth over the forecast period (2016-2023).

On the basis of geography, the global drilling fluids market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Australia
    • China
    • Indonesia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • Rest of MEA

 Drilling Fluids Market

Global energy demand is growing at rapid pace with increasing population along with growing energy applications. Global oil & gas companies investing in exploration and production of new wells to cater the growing demand of fossil fuel. Moreover, advancement in technology has facilitated oil companies to explore non-conventional reserve such as tight oil, shale oil, and coal bed methane.

Global drilling fluids market is segmented on the basis of geography. North America is expected to largest region in global drilling fluids market which is anticipated to contribute highest revenue share owing to growing drilling activities for the production of shale gas coupled with increasing offshore drilling activities in U.S. Gulf of Mexico is expected to augment the growth of drilling fluids market in the region. Middle East & Africa is projected to be the second largest region due to increasing oil production coupled with high oil & gas reserves in the region. The segment expected to register moderate growth over the forecast period (2016-2023).

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