[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Drilling and Completion Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 147 pages | ID: D728F3171D44EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global drilling and completion fluids market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Drilling and completion fluids are highly filtered compounds that are used for oil and gas extraction activities. Drilling fluid, or drilling mud, is usually a composite liquid that is primarily used for minimizing formation damage and transporting solids. It is manufactured using chemical, oil, mud and water, which provides hydrostatic pressure to minimize corrosion and prevent formation fluids from entering the wellbore. On the other hand, the completion fluid is composed of brines, which is a mixture of water, chlorides and bromides, and has a high pH value and ionic composition. It is highly filtered and is available in the form of oil-, water- and synthetic fluids-based and foams.

Global Drilling and Completion Fluids Market

The increasing shale gas exploration activities represent as one of the key factors driving the market growth. Furthermore, a significant increase in the drilling activities across the globe is also providing a boost to the market growth. Drilling and completion fluids aid in reducing the time to drill and enhancing the wellbore stability to maximize the recovery from the reservoir. Additionally, various technological advancements, such as the implementation of nanotechnology in the development of high-performance drilling and completion fluids, are acting as another growth-inducing factor. Nanoparticles are added to these fluids to minimize shale permeability and water loss by physically plugging nanometer-sized pores in the wellbore. Other factors, including increasing investments in onshore oil and gas industry, along with favorable government initiatives to promote the utilization of sustainable drilling fluids, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global drilling and completion fluids market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on system type, well type, and application.

Breakup by System Type:

Water-based System
Oil-based System
Synthetic Fluid-based System
Others

Breakup by Well Type:

HPHT (High Pressure High Temperature) Wells
Conventional Wells

Breakup by Application:

Onshore
Offshore

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Baker Hughes Company, CES Energy Solutions, Chevron Phillips Chemical, Drilling Fluids & Chemicals Limited, Halliburton Company, National Oilwell Varco, Inc., Newpark Resources Inc., Q'Max Solutions Inc., Sagemines, Schlumberger, Scomi Group Berhad, Secure Energy Services Inc., Tetra Technologies, Inc., Weatherford International, etc.

Key Questions Answered in This Report
1. What is the global drilling and completion fluids market growth?
2. What are the global drilling and completion fluids market drivers?
3. What are the key industry trends in the global drilling and completion fluids market?
4. What is the impact of COVID-19 on the global drilling and completion fluids market?
5. What is the global drilling and completion fluids market breakup by system type?
6. What is the global drilling and completion fluids market breakup by well type?
7. What is the global drilling and completion fluids market breakup by application?
8. What are the major regions in the global drilling and completion fluids market?
9. Who are the key companies/players in the global drilling and completion fluids market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL DRILLING AND COMPLETION FLUIDS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY SYSTEM TYPE

6.1Water-based System
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Oil-based System
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Synthetic Fluid-based System
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY WELL TYPE

7.1HPHT (High Pressure High Temperature) Wells
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Conventional Wells
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Onshore
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Offshore
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 KEY PRICE INDICATORS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Baker Hughes Company
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2CES Energy Solutions
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3Chevron Phillips Chemical
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 SWOT Analysis
  14.3.4Drilling Fluids & Chemicals Limited
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5Halliburton Company
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6National Oilwell Varco, Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7Newpark Resources Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8Q'Max Solutions Inc.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9Sagemines
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10Schlumberger
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11Scomi Group Berhad
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12Secure Energy Services Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis
  14.3.13Tetra Technologies, Inc.
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
  14.3.14Weatherford International
    14.3.14.1 Company Overview
    14.3.14.2 Product Portfolio
    14.3.14.3 Financials
    14.3.14.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Drilling and Completion Fluids Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Drilling and Completion Fluids Market Forecast: Breakup by System Type (in Million US$), 2023-2028
Table 3: Global: Drilling and Completion Fluids Market Forecast: Breakup by Well Type (in Million US$), 2023-2028
Table 4: Global: Drilling and Completion Fluids Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Drilling and Completion Fluids Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Drilling and Completion Fluids Market Structure
Table 7: Global: Drilling and Completion Fluids Market: Key Players

LIST OF FIGURES

Figure 1: Global: Drilling and Completion Fluids Market: Major Drivers and Challenges
Figure 2: Global: Drilling and Completion Fluids Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Drilling and Completion Fluids Market: Breakup by System Type (in %), 2022
Figure 4: Global: Drilling and Completion Fluids Market: Breakup by Well Type (in %), 2022
Figure 5: Global: Drilling and Completion Fluids Market: Breakup by Application (in %), 2022
Figure 6: Global: Drilling and Completion Fluids Market: Breakup by Region (in %), 2022
Figure 7: Global: Drilling and Completion Fluids Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Drilling and Completion Fluids (Water-based System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Drilling and Completion Fluids (Water-based System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Drilling and Completion Fluids (Oil-based System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Drilling and Completion Fluids (Oil-based System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Drilling and Completion Fluids (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Drilling and Completion Fluids (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Drilling and Completion Fluids (Conventional Wells) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Drilling and Completion Fluids (Conventional Wells) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Drilling and Completion Fluids (Onshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Drilling and Completion Fluids (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Drilling and Completion Fluids (Offshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Drilling and Completion Fluids (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia Pacific: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia Pacific: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Global: Drilling and Completion Fluids Industry: SWOT Analysis
Figure 73: Global: Drilling and Completion Fluids Industry: Value Chain Analysis
Figure 74: Global: Drilling and Completion Fluids Industry: Porter’s Five Forces Analysis


More Publications