Florida, Feb 23: Market Research Engine has published a new report titles as “Global Drilling Fluids Market (Water-Based Fluids, Oil-Based Fluids and Synthetic-Based Fluids) for Oil and Gas (Offshore & Onshore) - Application Analysis, and Forecasts 2015 – 2021”.
The
global market for drilling fluids was estimated to be USD 8.10 billion in 2013,
and is expected to increase at a CAGR of more than 8.0% from 2015 to 2021.
Browse full report
here - http://marketresearchengine.com/reportdetails/drilling-fluids-market
Drilling deeper, longer and more challenging wells has been
made possible by improvements in drilling technologies, including more
efficient and effective drilling fluids. Drilling fluids, also referred to as
drilling mud, are added to the wellbore to facilitate the drilling process by
suspending cuttings, controlling pressure, stabilizing exposed rock, providing
buoyancy, and cooling and lubricating.
Due to the increasing innovation in the nanotechnology in
the exploration of oil and gas industry has spurred the growth of the drilling
fluids market, with major companies investing huge amounts in developing the
technology. The report on the global drilling fluids market is a blueprint for
the companies in this industry to improve their businesses.
Drilling fluids market
is classified as below:
·
Water-based fluids
·
Oil-based fluids
·
Synthetic-based fluids
The report additionally provides qualitative analysis of the
leading players, with clear insight and analysis on the development strategies
adopted by the market players.
The expanding onshore drilling activities in the Middle
East, North America and Asia Pacific are expected to drive the demand for
drilling fluids in the onshore reserves. Onshore oil and gas dominated the drilling
fluids market represented 80% of the total demand in 2014. Additionally,
presence of large natural resources in the “Golden Triangle” (Gulf of Mexico,
offshore Brazil and offshore West Africa) is promising to high investment in
the regions, which is further expected to drive the drilling fluids market over
the given forecast period. U.S, Gulf of Mexico, offshore Brazil and offshore
West Africa accounted for approximately 87% of the total investment made in
developing offshore oil and gas reserves in 2014.
Companies mentioned
in the research report are as below:
The players mentioned and evaluated in the drilling fluids
market report are New park Resources Inc., National Oilwell Varco, Schlumberger
Technology Corporation, Canadian Energy Services &Technology Corp., Anchor
Drilling Fluids USA Inc., Halliburton Company etc..
Scope of the Report
The report focuses on drilling fluids used in onshore and
offshore application areas. The segmentation followed in the report has been
listed below.
Global Drilling
Fluids Product Outlook (Revenue, USD Million, 2015 - 2021)
- Oil-Based Fluids (OBF)
- Water-Based Fluids (WBF)
- Synthetics-Based Fluids (SBF)
Global Drilling
Fluids Application Outlook (Revenue, USD Million, 2015 - 2021)
Onshore Offshore
Drilling Fluids Regional Outlook (Revenue, USD Million, 2015 - 2021)
- North America
- Europe
- Asia Pacific
- Middle
- East & Africa
- ROW (Rest of Word)
Key highlights of
this report:
- Overview of key market forces propelling and restraining business sector development
- Current Market Trends, Market Structure and Market Projections for the upcoming years
- Up-to-date analyses of business sector and technological improvements in the small servers industry
- Pin-point analyses of market competition dynamics to offer you a competition edge
- An analysis of strategies of major competitors
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