Drilling Fluids Market Is Expected to Generate Huge Profits by 2023: Vendors- Schlumberger Limited, Halliburton Inc., Baker Hughes Incorporated

Global Drilling Fluids Market Information Report, By Type (Water Based Fluid, Oil-Based Fluid, and Synthetic Based Fluid), By Application (Onshore and Offshore) and By Region - Global Forecast To 2023

Pune, India - October 12, 2017 /MarketersMedia/ —

Drilling fluid is the mixture of water, oil caly, & various chemicals. Drilling fluid is also called as drilling mud. Drillling Fluids plays a crucial role in oil and gas exploration activities. While drilling it perform varioys functions such as mud cools the drill bit and lubricate its teeth, it carries the drill cutting to surface and eliminate the drillpipe stuck problem. Mud maintain the hydrostatic pressure to prevent formation fluids from entering into the well bore. New oil reserves discoveries across the globe and increasing shale gas activities in U.S. driving the growth of the market. Recently, US Geological Survey Agency estimated that, the Bossier and Haynesville Formations, on and offshore along with the U.S. Gulf Coast contains 4 billion barrels of oil, 304.4 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas liquids. Hence, in the coming years, shale gas drilling in the U.S. is increase significantly, which ultimately increases the demand of drilling fluids. However, stringent government regulations for drilling operations may hamper the growth of the market.

Hence, Drilling Fluids Market is expected to reach a market size of USD 69.9 million by the end of the forecast period at CAGR of 14.05%.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/4329

Market Research Analysis
Based on type, water based drilling fluid accounted for the largest market share of 55.90% in 2016, with a market value of USD 4,706.6 Million and is projected to grow at the highest CAGR of 7.52% during the forecast period. Water-based fluids (WBF) are the most commonly used drilling fluid systems. This fluid system is less expensive, requires less chemical treatment before disposal, and their eco-friendly properties are anticipated to fuel the demand of water based fluids during the forecast period. Oil based fluid was the second-largest market in 2016, valued at USD 2,248.0 Million in 2016; it is projected to grow at a CAGR of 6.66%. In oil based fluids, oil is in continuous phase. Oil-based muds are better for greater depths or in directional or horizontal drilling, which place greater stress on the drilling apparatus.

Based on application, onshore accounted for the largest market share of 69.40% in 2016, with a market value of USD 5,843.2 Million and is projected to grow at a CAGR of 6.80% during the forecast period. Offshore was the second-largest market in 2016, valued at USD 2,576.4 Million in 2016; it is projected to grow at the highest CAGR of 7.53%.

The key players of global drillingF fluids market are
• Schlumberger Limited (France),
• Halliburton Inc. (U.S.),
• Baker Hughes Incorporated (U.S.),
• Newpark Resources Inc. (U.S.),
• National Oilwell Varco. (USA),
• Scomi Group Bhd (Malaysia),
• TETRA Technologies, Inc. (U.S.),
• Canadian Energy Services & Technology Corp. (Canada),
• GEO Drilling Fluids, Inc. (U.S.)
• Anchor Drilling Fluids USA, Inc. (U.S.)
• others

For further information on this report, visit @ https://www.marketresearchfuture.com/reports/drilling-fluids-market-4329

Scope of the Report
This study provides an overview of the global drilling fluids market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia-Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Drilling Fluids market by its concrete type, application, end-use and region.
Global Drilling Fluids Market, By Type
• Water Based Drilling Fluid
• Oil-Based Drilling Fluid
• Synthetic Based Drilling Fluid
Global Drilling Fluids Market, By Application
• Onshore
• Offshore

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Magarpatta Road, Hadapsar,
Phone: 6468459349

Source URL: https://marketersmedia.com/drilling-fluids-market-is-expected-to-generate-huge-profits-by-2023-vendors-schlumberger-limited-halliburton-inc-baker-hughes-incorporated/249541

For more information, please visit https://www.marketresearchfuture.com

Source: MarketersMedia

Release ID: 249541

More Press Releases

Olympic medalists close curtain with figure skating gala

Feb 25, 2018

GANGNEUNG, South Korea — Alina Zagitova and Evgenia Medvedeva gave figure skating fans one more show in South Korea. Tessa Virtue and Scott Moir gave them one more on Olympic ice. The Russian teenagers, who dueled so memorably in the women's event during the Pyeongchang Games, and the Canadian ice dance couple that became figure skating's most decorated Olympians highlighted the traditional curtain-closing exhibition gala on Sunday. After years spent grinding toward competition, the gala is an opportunity for skaters to finally let down their hair, have a little fun and do what they enjoy most: entertain. So you had...

Jack Hamilton, pitcher who hit Conigliaro on eye, dead at 79

Feb 25, 2018

BRANSON, Mo. — Jack Hamilton, whose errant inside pitch damaged the eyesight of Boston's Tony Conigliaro in 1967 and caused a premature end to the career of the Red Sox star, has died. He was 79. Hamilton died Thursday at the Shepherd of The Hills Living Center in Branson, the Greenlawn Funeral Home said. Signed by St. Louis ahead of the 1957 season, he was selected by Philadelphia in a minor league draft after the 1960 season. Hamilton pitched in the major leagues from 1962-69 and was 32-40 with a 4.53 ERA in 65 starts and 153 relief appearances for...

Sridevi, Bollywood leading lady of '80s and '90s, dies at 54

Feb 25, 2018

NEW DELHI — Sridevi, Bollywood's leading lady of the 1980s and '90s who redefined stardom for actresses in India, has died at age 54. The actress was described as the first female superstar in India's male-dominated film industry. She used one name onscreen, like many leading ladies of her generation, and was known for her comic timing and her dancing skills, a great asset in the song-and-dance melodramas that are a staple of mainstream Indian cinema. Sridevi died Saturday in Dubai due to cardiac arrest, her brother-in-law Sanjay Kapoor confirmed to Indian Express online. She had been in Dubai to...

NBC celebrates an improbable curling victory for US men

Feb 25, 2018

NEW YORK — Highlights from media coverage of the Pyeongchang Olympics: CURLING GOLD: "Two days ago it was unlikely," NBC's Jason Knapp said as the American men's curling team clinched a gold medal . "Now it is undeniable." How unlikely? The team had lost four of its first six games in South Korea but got hot at the right time. NBC replayed the late-night victory Saturday afternoon and team members visited with daytime host Rebecca Lowe in the network studio. John Shuster spoke movingly of overcoming past failures to win with a brilliant late-game throw. "I just decided my story...

Column: Predicting the future for these Olympians

Feb 25, 2018

PYEONGCHANG, South Korea — They've had their moment on prime-time TV, the skiers and skaters who dazzled or flopped in the Winter Olympics. But fame can be fleeting, and a lot of Olympians are quickly forgotten as we concentrate on other sports in the four years between games. With that in mind, let's take a bit of a fanciful look at where some of these Olympic stars may be 10 years from now: ALEXANDER KRUSHELNITSKY — The Russian not only became the first curler to test positive for performance enhancing drugs , but jeopardized his country's chances of being reinstated...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases