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Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023

Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023

“The drilling & completion fluids market is projected to grow at a CAGR of 5.82% from 2018 to 2023.”
The global drilling & completion fluids market is estimated at USD 9.62 billion in 2018 and is projected to grow at a CAGR of 5.82% during the forecast period, to reach USD 12.76 billion by 2023. The increase in drilling and exploration for oil and gas is driving the drilling and completion fluids market. The rise in the exploration of shale gas is another key factor driving the growth of the market. On the other hand, the major restraint for the drilling & completion fluids market is the environmental impact and stringent environmental regulations.

“The water-based fluid segment is expected to hold a major share in fluid type segment by 2023.”
Water-based fluids are preferred due to their technical properties, such as higher heat capacity, better flow rate, and low viscosity among others. The economic advantage is also significant as the water-based fluids are easily available. The advancements in technology have enabled the use of water-based fluids in challenging high-pressure high-temperature environment during deep and ultra-deepwater drilling activities. Also, as water-based fluids have less toxic chemicals, the regulations for water-based fluids are not very stringent. Thus, water-based fluids have a major share in drilling and completion fluids market during the forecast period.

“North America is projected to be the largest market for drilling & completion fluids during the forecast period.”
The abundance of shale reserves in North America has led to a considerable increase in drilling activity. The North American region has a large number of offshore reserves, which are currently being explored. The North American drilling and completion fluids market is driven by the growth in drilling activities for oil and gas reserves. The offshore exploration activities in the Gulf of Mexico are on the rise, which has prompted the expansion of companies in the region. The government has imposed stringent regulations for the prevention of the degradation of the environment.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1— 55%, Tier 2 — 15% Tier 3—30%,
By Designation: C–Level—12%, Director Level—25%, Others—63%
By Region: North America—15%, Europe—25%, Asia Pacific—40%, Middle East—15%, ROW—5%

Note: Others includes sales managers, product managers, and design engineers
The tier of the company has been defined on the basis of its total revenue, as of 2017: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million

Some of the prominent players in the drilling & completion fluids market are BHGE (US), Halliburton (US), Schlumberger (US), Weatherford (US), and Newpark Resources (US).

Research Coverage:
The report defines, describes, and forecasts the global drilling & completion fluids market on the basis of fluid systems, application, well type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

Why buy this report?
1. The report identifies and addresses key markets for drilling & completion fluids, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table DRILLING AND COMPLETION FLUIDS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE DRILLING AND COMPLETION FLUIDS MARKET, 2018–2023
    • DRILLING AND COMPLETION FLUIDS MARKET, BY REGION, 2018-2023
    • DRILLING AND COMPLETION FLUIDS MARKET, BY APPLICATION, 2018 & 2023
    • DRILLING AND COMPLETION FLUIDS MARKET, BY FLUID SYSTEM, 2018 & 2023
    • DRILLING AND COMPLETION FLUIDS MARKET, BY WELL TYPE, 2018 & 2023
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table TOTAL WELLS DRILLED
        • Table INTERNATIONAL RECOVERABLE SHALE GAS RESERVES, 2016
      • RESTRAINTS
        • Table GOVERNMENTAL DRILLING & COMPLETION FLUIDS DISCHARGE REGULATIONS, BY COUNTRIES
      • OPPORTUNITIES
      • CHALLENGES
  • DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • ONSHORE
      • Table ONSHORE: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OFFSHORE
      • Table OFFSHORE: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • DRILLING & COMPLETION FLUIDS MARKET, BY FLUID SYSTEM
    • INTRODUCTION
      • Table DRILLING & COMPLETION FLUIDS MARKET SIZE, BY FLUID SYSTEM, 2016–2023 (USD MILLION)
    • WATER-BASED
      • Table WATER-BASED: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OIL-BASED
      • Table OIL-BASED: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SYNTHETIC-BASED
      • Table SYNTHETIC-BASED: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE
    • INTRODUCTION
      • Table DRILLING & COMPLETION FLUIDS MARKET SIZE, BY WELL TYPE, 2016–2023 (USD MILLION)
    • HPHT WELLS
      • Table HPHT: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CONVENTIONAL WELLS
      • Table CONVENTIONAL: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • DRILLING & COMPLETION FLUIDS MARKET, BY REGION
    • INTRODUCTION
      • Table GLOBAL DRILLING & COMPLETION FLUIDS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table NORTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • US
        • Table US: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • CANADA
        • Table CANADA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table EUROPE: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table EUROPE: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • NORWAY
        • Table NORWAY: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • UK
        • Table UK: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • MIDDLE EAST
      • Table MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID TYPE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • UAE
        • Table UAE: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • QATAR
        • Table QATAR: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • OMAN
        • Table OMAN: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • KUWAIT
        • Table KUWAIT: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • REST OF MIDDLE EAST
        • Table REST OF MIDDLE EAST: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID TYPE, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • VENEZUELA
        • Table VENEZUELA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • CHINA
        • Table CHINA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • THAILAND
        • Table THAILAND: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • INDIA
        • Table INDIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • AFRICA
      • Table AFRICA: DRILLING & COMPLETION FLUIDS MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
      • Table AFRICA: DRILLING & COMPLETION FLUIDS MARKET, BY FLUID SYSTEM, 2016–2023 (USD MILLION)
      • Table AFRICA: DRILLING & COMPLETION FLUIDS MARKET, BY WELL TYPE, 2016–2023 (USD MILLION)
      • Table AFRICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (MILLION GALLONS)
      • Table AFRICA: DRILLING & COMPLETION FLUIDS MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • ANGOLA
        • Table ANGOLA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • EGYPT
        • Table EGYPT: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • ALGERIA
        • Table ALGERIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • NIGERIA
        • Table NIGERIA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • LIBYA
        • Table LIBYA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD THOUSAND)
      • REST OF AFRICA
        • Table REST OF AFRICA: DRILLING & COMPLETION FLUIDS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2017
    • COMPETITIVE SCENARIO
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2017
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014–2017
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2014–2017
      • NEW PRODUCT LAUNCHES
        • Table PARTNERSHIPS, COLLABORATIONS, ALLIANCES, &JOINT VENTURES, 2014–2017
  • COMPANY PROFILES
    • COMPETITIVE BENCHMARKING
    • BHGE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HALLIBURTON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHLUMBERGER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NEWPARK RESOURCES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TETRA TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NATIONAL OILWELL VARCO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SECURE ENERGY SERVICES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WEATHERFORD INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • Q'MAX SOLUTIONS
      • BUSINESS OVERVIEW
    • GLOBAL DRILLING AND CHEMICALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SAGEMINES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SCOMI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS:
    • AUTHOR DETAILS

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