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PUBLISHER: IMARC | PRODUCT CODE: 1520555
PUBLISHER: IMARC | PRODUCT CODE: 1520555
Drilling and Completion Fluids Market Report by System Type, Well Type (HPHT Wells, Conventional Wells), Application, and Region 2024-2032
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PAGES: 143 Pages
DELIVERY TIME: 2-3 business days
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The global drilling and completion fluids market size reached US$ 10.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
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.
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 2024-2032. 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?
Product Code: SR112024A2045
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Drilling and Completion Fluids Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by System Type
- 6.1 Water-based System
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Oil-based System
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Synthetic Fluid-based System
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Well Type
- 7.1 HPHT (High Pressure High Temperature) Wells
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Conventional Wells
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Onshore
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offshore
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North 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
- 9.1.1 United States
- 9.2 Asia 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
- 9.2.1 China
- 9.3 Europe
- 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
- 9.3.1 Germany
- 9.4 Latin 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
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Key Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Baker 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
- 14.3.2 CES 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
- 14.3.3 Chevron Phillips Chemical
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Drilling Fluids & Chemicals Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Halliburton Company
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 National 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
- 14.3.7 Newpark 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
- 14.3.8 Q'Max Solutions Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sagemines
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Schlumberger
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Scomi 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
- 14.3.12 Secure 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
- 14.3.13 Tetra Technologies, Inc.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.14 Weatherford International
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.14.3 Financials
- 14.3.14.4 SWOT Analysis
- 14.3.1 Baker Hughes Company
Product Code: SR112024A2045
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$), 2018-2023
- Figure 3: Global: Drilling and Completion Fluids Market: Breakup by System Type (in %), 2023
- Figure 4: Global: Drilling and Completion Fluids Market: Breakup by Well Type (in %), 2023
- Figure 5: Global: Drilling and Completion Fluids Market: Breakup by Application (in %), 2023
- Figure 6: Global: Drilling and Completion Fluids Market: Breakup by Region (in %), 2023
- Figure 7: Global: Drilling and Completion Fluids Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Drilling and Completion Fluids (Water-based System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Drilling and Completion Fluids (Water-based System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Drilling and Completion Fluids (Oil-based System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Drilling and Completion Fluids (Oil-based System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Drilling and Completion Fluids (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Drilling and Completion Fluids (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Drilling and Completion Fluids (Conventional Wells) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Drilling and Completion Fluids (Conventional Wells) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Drilling and Completion Fluids (Onshore Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Drilling and Completion Fluids (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Drilling and Completion Fluids (Offshore Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Drilling and Completion Fluids (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia Pacific: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia Pacific: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2024-2032
- 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
List of Tables
- Table 1: Global: Drilling and Completion Fluids Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Drilling and Completion Fluids Market Forecast: Breakup by System Type (in Million US$), 2024-2032
- Table 3: Global: Drilling and Completion Fluids Market Forecast: Breakup by Well Type (in Million US$), 2024-2032
- Table 4: Global: Drilling and Completion Fluids Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Drilling and Completion Fluids Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Drilling and Completion Fluids Market Structure
- Table 7: Global: Drilling and Completion Fluids Market: Key Players
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