Global Drilling and Completion Fluids Market 2021-2025
Technavio has been monitoring the drilling and completion fluids market and it is poised to grow by $ 3.99 bn during 2021-2025, progressing at a CAGR of 6.63% during the forecast period. Our report on the drilling and completion fluids market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing global rig activity and increasing investments in oil and gas E&P activities. In addition, increasing global rig activity is anticipated to boost the growth of the market as well.
The drilling and completion fluids market analysis includes the application segment and geographic landscape.
Technavio's drilling and completion fluids market is segmented as below:
By Geographical Landscape
- North America
- South America
This study identifies the rise in unconventional oil and gas E&P activitiesas one of the prime reasons driving the drilling and completion fluids market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on drilling and completion fluids market covers the following areas:
- Drilling and completion fluids market sizing
- Drilling and completion fluids market forecast
- Drilling and completion fluids market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading drilling and completion fluids market vendors that include Baker Hughes Co., CES Energy Solutions Corp., Chevron Phillips Chemical Co. LLC, Halliburton Co., Newpark Resources Inc., NOV Inc., Schlumberger Ltd., Scomi Group Bhd, TETRA Technologies Inc., and Weatherford International Plc. Also, the drilling and completion fluids market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.