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Global Water-based Drilling and Completion Fluids Market 2019-2023

Global Water-based Drilling and Completion Fluids Market 2019-2023

About this market

The liquid fuel consumption will increase steadily globally during the forecast period, owing to the increase in industrialization and urbanization in developing countries. To meet the fuel demand major oil and gas companies have resorted to E&P projects. The demand for fuel from countries like China and India, which are the largest consumers of fuel in the world, is increasing. Urbanization and increase in disposable income in developing countries are driving the demand for fuel. To meet the ever-increasing demand for oil and natural gas, oil and gas companies are increasing their E&P activities and focusing on areas where oil and gas production can be maximized. The increase in upstream investments which is expected to continue in coming years and this will drive the growth of the global water-based drilling and completion fluids market during the forecast period. Technavio’s analysts have predicted that the water-based drilling and completion fluids market will register a CAGR of close to 6% by 2023.

Market Overview

Rise in unconventional oil and gas E&P activities

The rising investment in unconventional E&P projects will increase the need for drilling equipment during unconventional well drilling, thereby driving the global water-based drilling and completion fluids market during the forecast period.

Growing adoption of renewable sources of energy

Renewable energy sources have gained importance as a clean energy fuel source, thereby supporting global initiatives to reduce the greenhouse gas (GHG) emissions leading to climatic changes across the world. Increase in renewable energy sources will impact the adoption of conventional fuels in the market. This will have a negative impact on the growth of the global conventional fuels market.

For the detailed list of factors that will drive and challenge the growth of the water-based drilling and completion fluids market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Water-based Drilling and Completion Fluids Market 2019-2023

Technavio recognizes the following companies as the key players in the global water-based drilling and completion fluids market: Baker Hughes, Halliburton, National Oilwell Varco, Newpark Resources, Schlumberger, Weatherford.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the nanotechnology for oilfield applications.”

According to the report, one of the major drivers for this market is the rise in collaborations among the major suppliers in the oil and gas market will drive the oil and gas drilling and further drive the global water-based drilling and completion fluids market during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the accidents leading to discharge of drilling and completion fluids.

Companies Mentioned

Baker Hughes
Halliburton
National Oilwell Varco
Newpark Resources
Schlumberger
Weatherford

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services 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 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • 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 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2018-2023
      • Table Onshore - Market size and forecast 2018-2023 ($ millions)
      • Table Onshore - Year-over-year growth 2019-2023 (%)
    • Offshore - Market size and forecast 2018-2023
      • Table Offshore - Market size and forecast 2018-2023 ($ millions)
      • Table Offshore - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Middle East and Africa - Market size and forecast 2018-2023
      • Table Middle East and Africa - Market size and forecast 2018-2023 ($ millions)
      • Table Middle East and Africa - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Increase in deepwater and ultra-deepwater upstream projects
    • Nanotechnology for oilfield applications
    • Qatar's exit from OPEC
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Baker Hughes
      • Table Baker Hughes - Vendor overview
      • Table Baker Hughes - Business segments
      • Table Baker Hughes - Organizational developments
      • Table Baker Hughes - Geographic focus
      • Table Baker Hughes - Segment focus
      • Table Baker Hughes - Key offerings
    • Halliburton
      • Table Halliburton - Vendor overview
      • Table Halliburton - Business segments
      • Table Halliburton - Organizational developments
      • Table Halliburton - Geographic focus
      • Table Halliburton - Segment focus
      • Table Halliburton - Key offerings
    • National Oilwell Varco
      • Table National Oilwell Varco - Vendor overview
      • Table National Oilwell Varco - Business segments
      • Table National Oilwell Varco - Organizational developments
      • Table National Oilwell Varco - Geographic focus
      • Table National Oilwell Varco - Segment focus
      • Table National Oilwell Varco - Key offerings
    • Newpark Resources
      • Table Newpark Resources - Vendor 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 - Vendor overview
      • Table Schlumberger - Business segments
      • Table Schlumberger - Organizational developments
      • Table Schlumberger - Geographic focus
      • Table Schlumberger - Segment focus
      • Table Schlumberger - Key offerings
    • Weatherford
      • Table Weatherford - Vendor overview
      • Table Weatherford - Business segments
      • Table Weatherford - Organizational developments
      • Table Weatherford - Segment focus
      • Table Weatherford - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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