Drilling and Completion Fluids Market By Fluid System, By Well Type (Conventional Wells, High Pressure High Temperature Wells), By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Drilling and Completion Fluids Market," The drilling and completion fluids market was valued at $8.6 billion in 2022, and is estimated to reach $12.9 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.

Drilling and Completion Fluids Market - IMG1

Drilling and completion fluids find their major application in the exploration of oil. In addition, drilling fluids are used for drilling the well to control the pressure, sealing permeable formations encountered while drilling, removing cuttings from the wellbore, transmitting hydraulic energy to the downhole tool, bit cooling & lubricating the bit, and maintaining wellbore stability. Moreover, completion fluids are used during the completion of oil & gas wells to improve the productivity of wells by reducing the damage to the production zone.

For the purpose of global drilling and completion fluids market analysis, the global drilling and completion fluids market scope is segmented on the basis of application, fluid system, well type, and region. The applications covered in the study include onshore and offshore. The report outlines the details of various fluid systems such as synthetic-based systems, water-based systems, oil-based systems, and others. Furthermore, it provides details about different well types, including conventional wells and high-pressure high-temperature (HPHT) wells. Moreover, it analyzes the current drilling and completion fluids market trends across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future drilling and completion fluids market growth opportunities.

Based on region, North America held the highest drilling and completion fluids market share in terms of revenue in 2021, accounting for nearly two-fifths of the global drilling and completion fluids market size, and is likely to dominate the drilling and completion fluids market forecast period. The high rate of production and exploration activities in North America has led to an increase in demand for drilling and completion fluids, which acts as a major driver of the market. In addition, North America is involved in both onshore and offshore production, which is expected to boost the need for drilling and completion of fluids.

However, the Asia-Pacific region is projected most lucrative market segment. The region is characterized by rapid urbanization and the presence of most of the developing countries. These factors, among others, are driving the demand for exploration and production activities which led to the demand for the drilling and completion fluids market in the Asia-Pacific.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the drilling and completion fluids industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.

The key players operating in the drilling and completion fluid market are Baker Hughes Incorporated, Halliburton, New Park Resources Inc, National Oilwell Varco (NOV INC), Schlumberger Limited, Scomi Group Bhd, Secure Energy, Tetra Technologies, Trican Well Service Ltd., and Weatherford International Plc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the drilling and completion fluids market analysis from 2022 to 2032 to identify the prevailing drilling and completion fluids market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the drilling and completion fluids market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global drilling and completion fluids market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Volume Market Size and Forecast

Key Market Segments

By Fluid System

Water-Based System
Oil-Based System
Synthetic-Based System
Others

By Well Type

Conventional Wells
High Pressure High Temperature (HPHT) Wells

By Application

Onshore
Offshore

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

TRICAN
Halliburton Company
NOV INC.
Weatherford International Ltd.
Secure Energy Services Inc
TETRA Technologies Inc.
Baker Hughes Inc.
New Park Resources Inc.
Schlumberger Limited
Scomi Group Bhd

Product Code: A00782

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. The surge in demand for conventional fuel
  - 3.4.1.2. Increase in offshore production
  - 3.4.1.3. Advancements in construction technology
- 3.4.2. Restraints
  - 3.4.2.1. Expansion of the electric cars market
  - 3.4.2.2. Effects on human health
- 3.4.3. Opportunities
  - 3.4.3.1. Increase in crude exploration and production activities
  - 3.4.3.2. Development of infrastructure, smart cities, and means of transport
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Key Regulation Analysis
3.8. Patent Landscape

CHAPTER 4: DRILLING AND COMPLETION FLUIDS MARKET, BY FLUID SYSTEM

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Water-Based System
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Oil-Based System
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Synthetic-Based System
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: DRILLING AND COMPLETION FLUIDS MARKET, BY WELL TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Conventional Wells
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. High Pressure High Temperature (HPHT) Wells
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: DRILLING AND COMPLETION FLUIDS MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Onshore
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Offshore
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: DRILLING AND COMPLETION FLUIDS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Fluid System
- 7.2.3. Market size and forecast, by Well Type
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Fluid System
  - 7.2.5.1.2. Market size and forecast, by Well Type
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Fluid System
  - 7.2.5.2.2. Market size and forecast, by Well Type
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Fluid System
  - 7.2.5.3.2. Market size and forecast, by Well Type
  - 7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Fluid System
- 7.3.3. Market size and forecast, by Well Type
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Fluid System
  - 7.3.5.1.2. Market size and forecast, by Well Type
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Fluid System
  - 7.3.5.2.2. Market size and forecast, by Well Type
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Fluid System
  - 7.3.5.3.2. Market size and forecast, by Well Type
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Fluid System
  - 7.3.5.4.2. Market size and forecast, by Well Type
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Market size and forecast, by Fluid System
  - 7.3.5.5.2. Market size and forecast, by Well Type
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Fluid System
  - 7.3.5.6.2. Market size and forecast, by Well Type
  - 7.3.5.6.3. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Fluid System
- 7.4.3. Market size and forecast, by Well Type
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Fluid System
  - 7.4.5.1.2. Market size and forecast, by Well Type
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Fluid System
  - 7.4.5.2.2. Market size and forecast, by Well Type
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Fluid System
  - 7.4.5.3.2. Market size and forecast, by Well Type
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Fluid System
  - 7.4.5.4.2. Market size and forecast, by Well Type
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Fluid System
  - 7.4.5.5.2. Market size and forecast, by Well Type
  - 7.4.5.5.3. Market size and forecast, by Application
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Fluid System
  - 7.4.5.6.2. Market size and forecast, by Well Type
  - 7.4.5.6.3. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Fluid System
- 7.5.3. Market size and forecast, by Well Type
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Fluid System
  - 7.5.5.1.2. Market size and forecast, by Well Type
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Market size and forecast, by Fluid System
  - 7.5.5.2.2. Market size and forecast, by Well Type
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.3. South Africa
  - 7.5.5.3.1. Market size and forecast, by Fluid System
  - 7.5.5.3.2. Market size and forecast, by Well Type
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Fluid System
  - 7.5.5.4.2. Market size and forecast, by Well Type
  - 7.5.5.4.3. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Baker Hughes Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Halliburton Company
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. New Park Resources Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
9.4. NOV INC.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Schlumberger Limited
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Scomi Group Bhd
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
9.7. Secure Energy Services Inc
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. TETRA Technologies Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. TRICAN
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Weatherford International Ltd.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments