Drilling Chemicals Market, By Chemicals, By Fluid Type (Oil-based Fluids, Water-based Fluids, Synthetic-Based Drilling Fluids, and Pneumatic Drilling Fluids), By Application, and By Region

Description

The Drilling Chemicals market is estimated to be valued at USD 14,140.5 Mn in 2024 and is expected to reach USD 20,844.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.7 % from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 14,140.5 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.70%	2031 Value Projection:	US$ 20,844.4 Mn

Figure. Drilling Chemicals Market Value Share (%), By Region, 2024

Drilling chemicals are also called drilling muds which are heavy, viscous fluid mixture that is used in oil and gas drilling operations to carry rock cuttings to the surface and also to lubricate and cool the drill bit. Drilling chemicals find application in simpler bore holes such as water wells and metal and mineral extraction. Depending on the application, drilling chemicals are classified into onshore and offshore chemicals. Therefore, increasing demand for drilling chemicals is expected to boost the drilling chemicals market growth over the forecast period.

Market Dynamics

Among applications, the onshore drilling segment is expected to witness a significant market share in the global drilling chemicals market. In 2021, the segment accounted for around 70.0% share of the global drilling chemicals market in terms of revenue. The onshore oil and natural gas industry continue to evolve, developing best practices and improving well designs. This evolution resulted in reduced drilling and completion times, lower total well costs, and increased well performance.

Asia Pacific is expected to emerge as one of the potential areas for investment by the end of 2031. This is owing to the significant growth of the oil and gas industry in India and China. According to India Brand Equity Foundation, the oil and natural gas industry in India is expected to attract US$ 25 billion investment in exploration and production projects by 2022.

Key features of the study:

This report provides in-depth analysis of drilling chemicals market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2024 - 2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global drilling chemicals market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Anchor Drilling Fluids Inc., MB Holding Company LLC, Tetra Technologies Inc., International Drilling Fluids and Engineering Services (Idec) Ltd., Canadian Energy Services Inc., Weatherford International Ltd., Global Fluids & Chemical Co., Baker Hughes, Newpark Drilling Fluids LLC., Diamoco Group, M-I SWACO, Schlumberger, Oren Hydrocarbons, and Halliburton
Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global drilling chemicals market report caters to various stakeholders in this industry including investors, suppliers, drilling chemicals manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the drilling chemicals market

Detailed Segmentation:

By Chemicals:
- Dispersants & Deflocculants
- Clean Up Chemicals
- Shale Stabilizers
- Drilling Mud Defoamers and Foaming Agents
- Drilling Mud Lubricants
- Drilling Mud Surfactants
- Spotting Fluids
- Fluid Loss Control Additives
- Loss Circulation Material
- Emulsifiers for Water-based and Oil-based Systems
- Drilling Polymers
- Weight Materials
- Corrosion Inhibitor
- Scavengers & Biocides
- Viscosifiers
- Adhesives & Sealants
- Commercial Chemicals
By Fluid Type:
- Oil-based Fluids
- Water-based Fluids
- Synthetic-based Drilling Fluids
- Pneumatic Drilling fluids
By Application:
- Onshore Drilling
- Offshore Drilling
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Anchor Drilling Fluids Inc.
- MB Holding Company LLC
- Tetra Technologies Inc.
- International Drilling Fluids and Engineering Services (Idec) Ltd.
- Canadian Energy Services Inc.
- Weatherford International Ltd.
- Global Fluids & Chemical Co.
- Baker Hughes
- Newpark Drilling Fluids LLC
- Diamoco Group
- M-I SWACO
- Schlumberger
- Oren Hydrocarbons
- Halliburton

Product Code: CMI334

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Fluid Type
- Market Snapshot, By Chemicals
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Porter's Analysis
Industry Trends
Key Highlights
Epidemiology
Reimbursement Scenario
Regulatory Scenario
Product Launches and Approvals
Acquisition and Collaboration Scenario

4. Global Drilling Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 impact on the market

5. Global Drilling Chemicals Market, By Fluid Type, 2019 - 2031, (USD Mn & KT)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Oil-based Fluids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Water-based Fluids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Synthetic-based Drilling Fluids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)

6. Global Drilling Chemicals Market, By Chemicals, 2019 - 2031, (USD Mn & KT)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Dispersants & Deflocculants
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Clean Up Chemicals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Shale Stabilizers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Drilling Mud Defoamers and Foaming Agents
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Drilling Mud Lubricants
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Drilling Mud Surfactants
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Spotting Fluids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Fluid Loss Control Additives
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Loss Circulation Material
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)

7. Global Drilling Chemicals Market, By End User, 2019 - 2031, (USD Mn & KT)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Onshore
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)
Offshore
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn & KT)

8. Global Drilling Chemicals Market, By Region, 2019 - 2031, (USD Mn & KT)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn & KT)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn & KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn & KT)
  - GCC countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Company Profiles
- Baker Hughes Company
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Halliburton
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Schlumberger Limited
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Weatherford
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Diamoco Group
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Royal Dutch Shell Plc
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Solvay S.A.
- The Egyptian Mud Engineering & Chemicals Company
- Kemira Oyj
- BASF SE
- Clariant
- ChampionX
- Lubrizol Corporation
- Stepan Company
- Nouryon
- Albermarle Corporation
- Pure Chemicals Co.
- Ennor Muds & Chemicals
- Core Drilling Chemicals
- S.R. Chemical

10. Analyst View

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
About Us and Sales Contact