After a sharp contraction between 2015 and 2016 due to weakness in drilling activity, demand for drilling fluids and chemicals is expected to rebound beginning in 2017. US demand for drilling fluid is projected to rise about 11% per year to nearly 1.5 billion gallons in 2021, while demand for drilling fluid additives is expected to grow 13% per year to $930 million.
This report covers demand for drilling fluid and drilling fluid additives by Product and Location. Data on drilling fluids are given in gallons with selected data in dollars. Data on drilling fluid additives are given in dollars with selected data in pounds. Dollar values are evaluated at the end user’s level, with select data evaluated at the manufacturer’s level.
Drilling fluid products covered in the study include:
Water-based drilling fluids
Oil-based drilling fluids
Synthetic-based drilling fluids
Drilling fluid additive products covered in the study include:
Shale Inhibitors (Potassium Chloride, Choline Chloride, Other Shale Inhibitors)
Lost Circulation Materials
Polymer Viscosifiers (Xanthan Gum, Guar Gum, Polyacrylamide, Other Polymers)
Other Additive Products (Fluid Loss Control Agents, Lubricants, Emulsifiers, Brine Salts, All Other)
Demand is broken out for major US markets by location:
Ohio & Pennsylvania
Gulf of Mexico
Scope of the Report
This report covers the scope, size, and growth of the US market for drilling fluids and chemicals, including key trends in product mix and regional demand. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year by year historical market volatility also addressed. Data on drilling fluids are provided in gallons with select data in dollars. Data on drilling fluid additives are provided in dollars with select data in pounds. Dollar values are evaluated at the end user’s level, with select data evaluated at the manufacturer’s level. A discussion of chemical manufacturers is included, as is an analysis of key players in the drilling services industry and their market shares.