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Global Oilfield Drilling Fluids Market 2018-2022

Global Oilfield Drilling Fluids Market 2018-2022

About Oilfield Drilling Fluids

Oilfield process chemicals are specialty chemicals used in the oil and gas industry for a smooth flow of operations. They are extensively used in the resource area or fields during the exploration and processing phases of oil and gas. The use of various types of oilfield process chemicals is increasing in upstream operations of the oil and gas industry for enhancing the efficiency of the exploration process.

Technavio’s analysts forecast the global oilfield drilling fluids market to grow at a CAGR of 6.22% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global oilfield drilling fluids market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oilfield Drilling Fluids Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • GENERAL ELECTRIC
  • Halliburton
  • Newpark Resources
  • Schlumberger
Market driver
  • Increasing demand for energy
  • For a full, detailed list, view our report
Market challenge
  • Volatile crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Growing demand for water-based fluids (WBFs)
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Oilfield Drilling Fluids Market 2018-2022

Technavio recognizes the following companies as the key players in the global oilfield drilling fluids market: BASF, GENERAL ELECTRIC, Halliburton, Newpark Resources, and Schlumberger.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for water-based fluids (WBFs). Several players are focusing on offering high-performance products to the oil and gas market to sustain the competition. WBFs are gaining traction among the drilling fluids owing to their low toxicity and cost-effectiveness as compared with other drilling chemicals.”

According to the report, one driver in the market is increasing demand for energy. The onshore and offshore oil exploration activities are increasing owing to the increasing demand for energy across the world. The growing oil demand for energy purpose is leading exploration and extraction activities and this, in turn, increases the demand for oilfield drilling fluids.

Further, the report states that one challenge in the market is volatile crude oil prices. Persistent price variants of oil pose a major challenge to the global oilfield drilling fluids market. Due to the supply-demand variabilities and the unprecedented political situation in the Middle East which has a major share of the global oil supply, there has always been instability in the price of crude oil in the foreign market.

Companies Mentioned

BASF, GENERAL ELECTRIC, Halliburton, Newpark Resources, and Schlumberger.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Functions of drilling fluids
      • Table Uses of drilling fluids
      • Table Global oilfield process chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global oilfield drilling fluids market - Market size and forecast 2017-2022 ($ mn)
      • Table Global oilfield drilling fluids market - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product type
    • Segmentation by product type
      • Table Product type - Market share 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2017-2022
      • Table Onshore - Market size and forecast 2017-2022 ($ mn)
      • Table Onshore - Year over year growth 2018-2022 (%)
    • Offshore - Market size and forecast 2017-2022
      • Table Offshore - Market size and forecast 2017-2022 ($ mn)
      • Table Offshore - Year over year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Geography - Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year over year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year over year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand for WBFs
    • Biofuels competing with conventional forms of fuel
    • Growing horizontal drilling activities
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BASF
      • Table BASF overview
      • Table BASF - Business segments
      • Table BASF - Organizational developments (2016 till the date of research)
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings (for market in focus)
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Halliburton
      • Table Halliburton overview
      • Table Halliburton - Business segments
      • Table Halliburton - Organizational developments
      • Table Halliburton - Geographic focus
      • Table Halliburton - Segment focus
      • Table Halliburton - Key offerings
    • Newpark Resources
      • Table Newpark Resources overview
      • Table Newpark Resources - Business segments
      • Table Newpark Resources - Organizational developments
      • Table Newpark Resources - Geographic focus
      • Table Newpark Resources - Segment focus
      • Table Newpark Resources - Key offerings
    • Schlumberger
      • Table Schlumberger overview
      • Table Schlumberger - Business segments
      • Table Schlumberger - Organizational developments
      • Table Schlumberger - Geographic focus
      • Table Schlumberger - Segment focus
      • Table Schlumberger - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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