Drilling And Completion Fluids Market 2021 -2022 | Share, Scope, Revenue, Trends, Drivers, Challenges, and Competitive Landscape

Drilling fluids are used to avoid friction, provide hydrostatic pressure to prevent formation fluids from entering the bore well, keep the drill bit cool and clean during drilling, transport out drill cuttings, avoid formation damage, limit corrosion and suspend the drill cuttings when drilling is paused and when the drilling assembly is brought in and out of the hole.

Different types of base fluids are used as drilling and completion fluids, some of these being water-based fluids, oil-based fluids, synthetic-based fluids, etc. The choice of drilling and completion fluids base depends on the desired performance, the cost of the fluid and the environmental impact. Factors that affect the performance of these fluids include viscosity, density, pH, corrosion of fatigue of drill string, thermal stability, etc.

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The global drilling and completion fluids market depends on the upstream oil and gas industry and crude oil prices. The slump in crude oil prices has affected the upstream industry, which identifies deposits and recovers raw materials from drill wells, significantly, while benefitting the downstream industry, which takes care of refineries and marketing.

Mergers & Acquisitions have played significant roles in the market development for drilling and completion fluids market due to numerous benefits such as low-cost production, technology sharing and sustainability against price fluctuations.

Market dynamics
Drivers
o The recent increase in oilfield discoveries has led to a rise in drilling activities
o The growing world energy demand and
o Rise in population
o Rise in unconventional oil and gas resources( shale gas, CBM, gas hydrates, tight oil, oil sands, etc)
o The shale gas boom in the US
o The huge discoveries of oil sands in Canada
Constraints

o Environmental regulation for the usage of volatile organic compounds (VOC).
o Geographical constraints
o Fall in crude oil prices
Market Segmentation
Application areas
Onshore applications
Offshore applications
Type

Market size
Volume of water-based systems, oil-based systems, synthetic-based systems, etc
Regions
North America
Asia-Pacific
Europe
Latin America
Africa
Middle East

Key players
General Electric, Halliburton, Schlumberger, TETRA Technologies, Weatherford, AES Drilling Fluids, Akzo Nobel, Anchor Drilling Fluids, BASF, Calumet Specialty Products, CES Energy Solutions, ChemSol, Chevron Phillips Chemical, CP Kelco, Drilling Fluids Technology, Ecolab, Flotek Industries, GEO Drilling Fluids, Gumpro Drilling Fluids, IMDEX, Lamberti, National Oilwell Varco, Newpark Resources, Royal Dutch Shell, Scomi Group, Stepan, Tiger Fluids, Wacker Chemie, WorkSafeBC

Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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