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Global Drilling Fluids (Water Based, Oil Based, Synthetic and Pneumatic Fluids) Market Competition Forecast and Opportunities, 2021: Focus on Onshore and Offshore Industries - Research and Markets

DUBLIN, Apr 18, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Drilling Fluids Market By Type (Water Based, Oil Based, Synthetic and Pneumatic Fluids), By Application (Onshore and Offshore), By Region (Asia-Pacific, North America, Europe, etc.), Competition Forecast and Opportunities, 2011-2021" report to their offering.

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The global market for drilling fluids is forecast to grow at a CAGR of over 8% during 2016-2021, on account of anticipated increase in oil & gas drilling activities.

In 2015, North America dominated demand for drilling fluids across the globe, followed by Asia-Pacific. Moreover, water based drilling fluids dominated global drilling fluids market, due to their environment friendly properties and cost effectiveness. High costs and environment concerns are projected to reduce demand for oil based drilling fluids and in turn boost sales of high performance aqueous drilling fluids and synthetic drilling fluids.

Recovery in oil & gas prices, and increased capital expenditure by major oil & gas companies is projected to increase rig count and drilling activities across the globe. This is anticipated to fuel demand for drilling fluids during the forecast period. Increasing drilling activities in offshore and onshore fields is anticipated to drive demand for drilling fluids across the globe in the coming years. Increasing onshore activities can be attributed to rise in deep sea drilling, due to growing global oil demand.

Growth in offshore drilling such as deep water and ultra-deep water drilling activities is also anticipated to contribute to the rising demand for drilling fluids across the globe during 2016-2021. Moreover, technological advancements and exploration activities pertaining to shale gas and coalbed methane (CBM) are also boosting global drilling fluids market. Furthermore, in line with regulations and increasing environmental concerns, drilling fluid manufacturers across the globe are focusing on production of environment friendly products.

"Global Drilling Fluids Market 2011-2021" discusses the following aspects of global drilling fluids market:

  • Global Drilling Fluids Market Size, Share & Forecast
  • Segmental Analysis - By Type (Water Based Fluids, Oil Based Fluids, Synthetic Fluids and Pneumatic Fluids), By Application (Onshore & Offshore), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, & South America)
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendation

Market Trends & Developments

  • Increasing Merger & Acquisition Activities
  • Reusing Water based Drilling Fluids
  • Increasing Research & Development Initiatives
  • Growing Demand for Nanomaterials based Drilling Fluids
  • Shift to Deep Water Drilling
  • Contract Based Demand for Drilling Fluids
  • Increasing Trend of Horizontal Drilling
  • Increasing Demand for Drilling Fluids with Lower Environmental Impacts

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Drilling Fluids Market Outlook

5. North America Drilling Fluids Market Outlook

6. Asia-Pacific Drilling Fluids Market Outlook

7. Middle East & Africa Drilling Fluids Market Outlook

8. Europe Drilling Fluids Market Outlook

9. South America Drilling Fluids Market Outlook

10. Market Dynamics

11. Market Trends & Developments

12. Competitive Landscape

13. Strategic Recommendations

Companies Mentioned

  • AES Drilling Fluids
  • Anchor Drilling Fluids USA LLC
  • Asia Pacific Drilling Fluid Co. Ltd
  • Baker Hughes
  • Canadian Energy Services (CES)
  • Conquest Drilling Fluids
  • Egyptian Mud Engineering & Chemicals Company
  • Geo Drilling Fluids
  • Global Drilling Fluids & Chemicals Limited
  • Halliburton (Baroid)
  • Hitech Drilling Fluids
  • Imdex Limited
  • Lubrizol
  • MB Petroleum Services LLC (MBPS)
  • National Oil Varco
  • Newpark Resources, Inc.
  • Oil Recovery Services (ORS)
  • Q Max Solutions Inc.
  • Schlumberger (M-I Swaco)
  • Scomi Oil Tools
  • Secure Energy Services

For more information about this report visit http://www.researchandmarkets.com/research/6vws52/global_drilling

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-drilling-fluids-water-based-oil-based-synthetic-and-pneumatic-fluids-market-competition-forecast-and-opportunities-2021-focus-on-onshore-and-offshore-industries---research-and-markets-300441025.html