HOME Top Market Reports Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019

Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: December 2014
Report Code: EP 2990

 

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Drilling and completion fluids are essential consumables for conducting any drilling and exploration activities. They are used to avoid friction, provide lubrication, cool the wellbore, and transport rock cuttings to the surface. Every drilling activity requires drilling and completion fluids and they are used extensively across the globe. Drilling and completion fluids use different types of base fluids, such as water-based systems, oil-based systems, synthetic-based systems, and other based systems. Which drilling and completion fluids base is used depends on the cost of the fluid, the desired performance, and environmental impact. The drilling and completion fluids market is directly dependent on drilling activities carried out across the globe. The recent increase in oilfield discoveries and rise in drilling activities will drive the drilling and completion fluids market over the next five years. The growing world energy demand and rise in population are creating pressure to drill at high depths and enter deep and ultra-deep waters. These factors have been major drivers for the drilling and completion fluids market.

The global drilling and completion fluids market is segmented on the basis of application areas that include onshore and offshore applications. The report provides a detailed analysis of the drilling fluids (drilling mud) and completion fluids market on the basis of type, which includes market size and volume of water-based systems, oil-based systems, synthetic-based systems, and other-based systems. The market has also been segmented on the basis of regions into North America, Asia-Pacific, Europe, Latin America, Africa, Middle East, and Rest of the World (RoW). Each segment has been analyzed with respect to its market trends, growth trends, and future prospects. The data has been analyzed from 2011 to 2019, and all quantitative data regarding segmentation is mentioned in terms of value ($Million) and volume (million gallons).

The report additionally provides qualitative analysis of the leading players, with clear insight and analysis on the development strategies adopted by the market players. The report also includes a chronology of the developments with respect to mergers and acquisitions, contracts, agreements, and expansions. The market dynamics in terms of market drivers, restraints, and opportunities are discussed in detail in the report. The key players such as Canadian Energy Services (Canada), M-I Swaco (U.S.), Scomi Group (Malaysia), and AkzoNobel N.V. (The Netherlands) have been profiled in this report to provide an insight into the competitive scenario in the drilling and completion fluids market. The market players tend to prefer mergers and acquisitions, contracts, agreements, joint ventures and partnerships, as their development strategies. Companies have adopted strategic acquisitions to bridge the existing gaps in their product portfolio, the end market requirements, and the geographical constraints. Companies are also continually investing in R&D to come up with innovative products to cater to the changing technological requirements for different end-user applications. These strategies have helped companies create a large customer and partner base via contracts in the key markets.

Drlling And Completion Fluids Market Size, 2014 vs 2019 ($Million)

Drilling and Completion Fluids Market

Source: Secondary research, expert interviews and MarketsandMarkets Analysis

The drilling and completion fluids market size is projected to grow at a CAGR of 7.3% from 2014 to 2019. The increasing drilling and production activities in offshore and onshore fields are expected to drive the market for drilling and completion fluids in the upcoming years. Onshore activities are growing at a higher rate due to the rise in deep sea drilling as the world oil demand soars. Growth in offshore applications of drilling and completion fluids is attributed to the rise in deep water and ultra-deep water drilling activities. Technological developments and exploration activities for shale gas and coalbed methane (CBM) are also boosting the demand for drilling and completion fluids.  New technology development and innovation in fluid additives creates a huge opportunity for the industry players. The additional advantage provided by these new technology materials is the low toxic impact on the environment, which will ease the operations of exploration and production companies.

Scope of the Report

The report focuses on drilling and completion fluids used in onshore and offshore application areas. The segmentation followed in the report has been listed below.

On the basis of application areas

  • Onshore
  • Offshore

On the basis of types

  • Water-based systems
  • Oil-based systems
  • Synthetic-based systems
  • Other-based systems

On the basis of region

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Africa
  • Middle East
  • RoW

Table of Contents 
 
1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
          1.3.1 Drilling & Completion Fluids Market, By Type & By Application
          1.3.2 Drilling & Completion Fluids Market, By Region
          1.3.3 Year
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 14)
    2.1 Introduction
    2.2 Market Size Estimation
    2.3 Breakdown of Primary Interviews
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
          2.5.1 Key Data Taken From Secondary Sources
          2.5.2 Key Data Taken From Primary Sources
          2.5.3 Assumptions
    3 3  Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunity for Water-Based Drilling & Completion Fluids
    4.2 North America Dominated the Drilling & Completion Fluids Market
    4.3 U.S. Commands More Than One-Third of the Market Share
    4.4 North America Will Dominate the Drilling & Completion Fluids Market
    4.5 Top Five Countries in the Drilling & Completion Fluids Market
    4.6 Asia-Pacific & North America Will Demand for Most of the Drilling & Completion Fluids By 2019

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
          5.2.1 Drivers
                   5.2.1.1 Growth in Drilling Activities
                               5.2.1.1.1 Increasing Drilling Footage
                   5.2.1.2 Growth in Increased Oil Production
                               5.2.1.2.1 Oil & Gas Production
                   5.2.1.3 Continuous Rise in Global Drilling Activities
                   5.2.1.4 Technological Developments and Exploration Activities for Shale Gas, Cbm
          5.2.2 Restraints
                   5.2.2.1 Impact of Drilling Fluids on the Environment and Surrounding Eco System
                   5.2.2.2 Strict Government Regulations
          5.2.3 Market Opportunities
                   5.2.3.1 Development of Advanced Drilling Fluid Chemicals
                   5.2.3.2 Focus on Deep & Ultra-Deepwater Reserves
    5.3 Burning Issue
          5.3.1 Shortage of Mud Engineering Professionals
    5.4 Winning Imperatives
          5.4.1 Mergers & Acquisitions is the Key in Drilling & Completion Fluids Market
          5.4.2 Technological Innovation

6 Industry Trends (Page No. - 48)
    6.1 Value Chain Analysis
          6.1.1 Raw Material Manufacturers
          6.1.2 Drilling & Completion Fluids Manufacturers
                   6.1.2.1 Base Fluids Manufacturers
                   6.1.2.2 Additives Manufacturers
                   6.1.2.3 Complete Drilling & Fluid Solution Manufacturers
          6.1.3 End-Users
    6.2 Porter’s Five forces Analysis
          6.2.1 Threat of New Entrants
          6.2.2 Threat of Substitutes
          6.2.3 Bargaining Power of Buyers
          6.2.4 Bargaining Power of Suppliers
          6.2.5 Degree of Competition

7 Drilling & Completion Fluids Market, By Base Fluids Type (Page No. - 54)
    7.1 Introduction
    7.2 Market Analysis
          7.2.1 Drilling & Completions Fluids Market
          7.2.2 Water-Based Drilling & Completion Fluids
                   7.2.2.1 Introduction
                   7.2.2.2 Single-Largest Used Base Fluid Type
          7.2.3 Oil-Based Drilling & Completion Fluids
                   7.2.3.1 Introduction
                   7.2.3.2 Growth Rate is Achieving Maturity Owing to Stringent Environmental Policies
          7.2.4 Synthetic-Based Drilling & Completion Fluids
                   7.2.4.1 Introduction
                   7.2.4.2 High Potential Market for Fluids Base Type
          7.2.5 Other Based Drilling & Completion Fluids
                   7.2.5.1 Introduction
                   7.2.5.2 Highest Growing Base Fluid Type Market

8 Drilling & Completion Fluids Market, By Application Areas (Page No. - 66)
    8.1 Industry Overview
    8.2 Market Share Analysis, By Application
          8.2.1 Onshore
                   8.2.1.1 Introduction
                   8.2.1.2 the Largest Market Application Area
          8.2.2 offshore
                   8.2.2.1 Introduction
                   8.2.2.2 Major Growth Engine of A Global Market

9 Drilling & Completion Fluids Market, By Region (Page No. - 73)
    9.1 Introduction
    9.2 Geographic Analysis of Drilling and Completion Fluids Market
    9.3 Regions By Base Fluid Type Analysis
          9.3.1 North America
                   9.3.1.1 Industry Trends
                   9.3.1.2 Largest Geographic Market for Drilling and Completion Fluids
                   9.3.1.3 Country-Wise Analysis
                               9.3.1.3.1 U.S.
                               9.3.1.3.2 Canada
          9.3.2 Asia-Pacific
                   9.3.2.1 Industry Trends
                   9.3.2.2 Second Largest Geographic Market Driven By Major Drilling Activities in China
                   9.3.2.3 Country-Wise Analysis
                               9.3.2.3.1 China
                               9.3.2.3.2 Australia
                               9.3.2.3.3 Thailand
                               9.3.2.3.4 India
                               9.3.2.3.5 Indonesia
                               9.3.2.3.6 Others
          9.3.3 Europe
                   9.3.3.1 Industry Trends
                   9.3.3.2 Market Towards Maturity
                   9.3.3.3 Country-Wise Analysis
                               9.3.3.3.1 Russia
                               9.3.3.3.2 Norway
                               9.3.3.3.3 U.K.
                               9.3.3.3.4 Others
          9.3.4 Latin America
                   9.3.4.1 Industry Trends
                   9.3.4.2 Highly Potential Market Owing to the Rapid Growth of Mexico and Brazil
                   9.3.4.3 Country-Wise Analysis
                               9.3.4.3.1 Mexico
                               9.3.4.3.2 Brazil
                               9.3.4.3.3 Venezuela
                               9.3.4.3.4 Argentina
                               9.3.4.3.5 Others
          9.3.5 Africa
                   9.3.5.1 Industry Trends 
                   9.3.5.2 Exploration of New Hydrocarbon Reserves Driving the High Growth of the Region
                   9.3.5.3 Country-Wise Analysis
                               9.3.5.3.1 Egypt
                               9.3.5.3.2 Algeria
                               9.3.5.3.3 Angola
                               9.3.5.3.4 Libya
                               9.3.5.3.5 Nigeria
                               9.3.5.3.6 Others
          9.3.6 Middle East
                   9.3.6.1 Industry Trends
                   9.3.6.2 Small Market Share With Decent Growth Rate
                   9.3.6.3 Country-Wise Analysis
                               9.3.6.3.1 Oman
                               9.3.6.3.2 Saudi Arabia
                               9.3.6.3.3 Others
          9.3.7 Rest of the World
                   9.3.7.1 Industry Trends
                   9.3.7.2 Market Analysis
    9.4 Regions By Application Areas Analysis
          9.4.1 North America
                   9.4.1.1 Market Summary
                   9.4.1.2 Onshore Drilling Activities Dominate the Total Market
          9.4.2 Asia-Pacific
                   9.4.2.1 Market Summary
                   9.4.2.2 Exploration of New offshore Gas Reserves Presents Great Opportunities
          9.4.3 Europe
                   9.4.3.1 Market Summary
                   9.4.3.2 Onshore Market is the Major Growth Driver of the Region
          9.4.4 Latin America
                   9.4.4.1 Market Overview
                   9.4.4.2 Huge Investments for Gom Development Results in Excellent Growth Rate for offshore Market
          9.4.5 Africa
                   9.4.5.1 Market Overview
                   9.4.5.2 High Growth Rate for Both Onshore and offshore Markets
          9.4.6 Middle East
                   9.4.6.1 Market Overview
                   9.4.6.2 Low Average Drilling Depth Limits the Market Growth
          9.4.7 Rest of the World
                   9.4.7.1 Market Overview
                   9.4.7.2 Market Analysis

10 Competitive Landscape (Page No. - 127)
     10.1 Overview
     10.2 Company Development Analysis
     10.3 Competitive Situations & Trends
            10.3.1 Mergers & Acquisitions

11 Company Profiles (Page No. - 137)
     11.1 Anchor Drilling Fluids Usa Inc.
             11.1.1 Business Overview
             11.1.2 Product Portfolio
             11.1.3 Key Strategies
             11.1.4 Recent Developments
     11.2 Akzonobel NV
             11.2.1 Business Overview
             11.2.2 Product Portfolio
             11.2.3 Key Strategies
             11.2.4 Recent Developments
     11.3 Baker Hughes Inc.
             11.3.1 Business Overview
             11.3.2 Product Portfolio
             11.3.3 Key Strategies
             11.3.4 Recent Developments
             11.3.5 SWOT Analysis
             11.3.6 MNM View
     11.4 Canadian Energy Services
             11.4.1 Business Overview
             11.4.2 Product Portfolio
             11.4.3 Key Strategies
             11.4.4 Recent Developments
     11.5 Chevron Phillips Chemical Company LLC.
             11.5.1 Business Overview
             11.5.2 Product Portfolio
             11.5.3 Key Strategies
             11.5.4 Recent Developments
     11.6 Global Drilling Fluids & Chemicals Ltd.
             11.6.1 Business Overview
             11.6.2 Product Portfolio
             11.6.3 Key Strategies
             11.6.4 Recent Developments
     11.7 Halliburton
             11.7.1 Business Overview
             11.7.2 Product Portfolio
             11.7.3 Key Strategies
             11.7.4 Recent Developments
             11.7.5 SWOT Analysis
             11.7.6 MNM View
     11.8 M-I Swaco
             11.8.1 Business Overview
             11.8.2 Product Portfolio
             11.8.3 Key Strategies
             11.8.4 Recent Developments
             11.8.5 SWOT Analysis
             11.8.6 MNM View
     11.9 New Park Resources Inc.
             11.9.1 Business Overview
             11.9.2 Product Portfolio
             11.9.3 Key Strategies
             11.9.4 Recent Developments
             11.9.5 SWOT Analysis
             11.9.6 MNM View
     11.10 National Oilwell Varco Inc.
             11.10.1 Business Overview
             11.10.2 Product Portfolio
             11.10.3 Key Strategies
     11.11 SCOMI Group BHD
             11.11.1 Business Overview
             11.11.2 Product Portfolio
             11.11.3 Key Strategies
             11.11.4 Recent Developments
     11.12 Secure Energy Services Inc.
             11.12.1 Business Overview
             11.12.2 Product Portfolio
             11.12.3 Key Strategies
             11.12.4 Recent Developments
     11.13 Tetra Technologies Inc.
             11.13.1 Business Overview
             11.13.2 Product Portfolio
             11.13.3 Key Strategies
             11.13.4 SWOT Analysis
             11.13.5 MNM View
     11.14 Weatherford International Ltd
             11.14.1 Business Overview
             11.14.2 Products & Services
             11.14.3 Key Strategies

12 Appendix (Page No. - 194)
     12.1 Discussion Guide
     12.2 Introducing RT: Real Time Market Intelligence
     12.3 Available Customizations
     12.4 Related Reports
 
 
List of Tables (87 Tables) 
 
Table 1 Function of Drilling & Completion Fluids
Table 2 Supply of Crude Oil, By Geography, 2007-2011, BBL/Day (‘000)
Table 3 Total offshore Wells Drilled, 2011-2012
Table 4 Technically Recoverable Shale Oil Reserves, By Major Countries, 2013 (Billion) BBL
Table 5 Technically Recoverable Shale Gas, By Major Countries, 2013 (TCF)
Table 6 Governmental Drilling & Completion Fluids Discharge Regulations, By Countries
Table 7 Classification of Drilling & Completion Fluids Base
Table 8 Drilling & Completion Fluids Market Size , By Type, 2012-2019 (Million Gallon)
Table 9 Drilling & Completion Fluids Market Size, By Type, 2012-2019 ($Million)
Table 10 Water-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 (Million Gallon)
Table 11 Water-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 12 Oil-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 (Million Gallon)
Table 13 Oil-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 14 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 (Million Gallons)
Table 15 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 16 Other Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 (Million Gallons)
Table 17 Other Based Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 (Million)
Table 18 Onshore Drilling Activities, By Region (Million Feet)
Table 19 offshore Drilling Activities, By Region (Million Feet)
Table 20 Drilling & Completion Fluids Market Size, By Application Areas, 2012 – 2019 ($Million)
Table 21 Onshore Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 22 offshore Drilling & Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 23 Global Drilling and Completion Fluids Volume Market, By Region, 2012 – 2019 (Million Gallons)
Table 24 Global Drilling and Completion Fluids Market Size, By Region, 2012 – 2019 ($Million)
Table 25 North America Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 –2019 (Million Gallons)
Table 26 North America Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 27 North America Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 28 North America Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 29 U.S. Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 30 Canada Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 31 Asia-Pacific Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 32 Asia-Pacific Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 33 Asia-Pacific Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 34 Asia-Pacific  Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 35 China  Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 36 Australia Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 37 Thailand Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 38 India Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 39 Indonesia Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 40 Others Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 41 Europe Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 42 Europe Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 43 Europe  Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 44 Europe Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 45 Russia Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 46 Norway Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 47 U.K. Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 48 Others Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 49 Latin America Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 50 Latin America Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 51 Latin America Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 52 Latin America Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 53 Mexico Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 54 Brazil Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 55 Venezuela Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 56 Argentina Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 57 Others Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 58 Africa Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 59 Africa Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 60 Africa Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 61 Africa Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 62 Egypt Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 63 Algeria Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 64 Angola Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 65 Libya Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 66 Nigeria Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 67 Others Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 68 Middle East Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 69 Middle East Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 70 Middle East Drilling and Completion Fluids Volume, By Country,  2012 – 2019 (Million Gallons)
Table 71 Middle East Drilling and Completion Fluids Market Size, By Country,  2012– 2019 ($Million)
Table 72 Oman Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 73 Saudi Arabia Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 74 Others Drilling and Completion Fluids Market Size, By Base Fluid Types, 2012 – 2019 ($Million)
Table 75 Rest of the World  Drilling and Completion Fluids Volume, By Base Fluid Types, 2012 – 2019 (Million Gallons)
Table 76 Rest of the World  Drilling and Completion Fluids Market, By Base Fluid Types, 2012 – 2019 ($Million)
Table 77 North America Drilling and Completion Fluids Market Size, By Application Areas, 2012 – 2019 ($Million)
Table 78 Asia-Pacific Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 79 Europe Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 80 Latin America Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 81 Africa Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 82 Middle East Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 83 Rest of the World Drilling and Completion Fluids Market, By Application Areas, 2012 – 2019 ($Million)
Table 84 Mergers & Acquisitions, 2014-2019
Table 85 Agreements, Contracts, Joint Ventures & Partnerships, 2011-2014
Table 86 Expansions & Investments
Table 87 New Product & Technology Launches
 
 
List of Figures (38 Figures) 
 
Figure 1 Drilling & Completion Fluids Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Breakdown & Data Triangulation
Figure 1 Evolution of Drilling & Completion Fluids
Figure 2 North America Dominated the Drilling & Completion Fluids Market in 2013
Figure 3 Synthetic-Based Systems Are Expected to Grow at Highest CAGR
Figure 4 North America Will Dominate Drilling & Completion Fluids Market in the Next Five Years
Figure 5 Water-Based Systems to Grow at the Fastest Rate Among the Top Three Types of Drilling & Completion Fluids
Figure 6 More Than Half of the Drilling & Completion Fluids Market Was Dominated By Water-Based Systems, in 2013
Figure 7 U.S. & China Held A Majority of the Market Share in 2013
Figure 8 North America Dominated All Types of the Drilling & Completion Fluids Market in 2013
Figure 9 U.S. & Canada is Expected to Acquire More Than 50% of the Total Market in the Next Five Years
Figure 10 The Drilling & Completion Fluids Market in Latin America Will Grow at the Highest CAGR During the forecast Period
Figure 11 Market Overview: Tree Structure
Figure 12 Market Dynamics
Figure 13 Crude Oil Production, 2009-2013, BBL/Day (‘000)
Figure 14 Drilling Fluids Flow Through Echelons
Figure 15 Drilling & Completion Fluids Market: Value Chain Analysis
Figure 16 Porter’s Five forces Analysis
Figure 17 Water-Based Systems Will Dominate the Drilling & Completion Fluids Market Over the Next Five Years
Figure 18 Water-Based Systems Market in Latin America Will Grow at the Highest Rate Over the Next Five Years
Figure 19 Onshore Application Dominates the Drilling & Completion Fluids Market
Figure 20 North America & Asia-Pacific Are Prominent Markets for Drilling & Completion Fluids in Onshore Application Areas
Figure 21 Latin America & Africa Will Grow at Faster Rates in the offshore Drilling & Completion Fluids Market
Figure 22 Latin America Will Be the Fastest Growing Market for Drilling and Completion Fluids in Upcoming Years
Figure 23 North America Dominates the Global Drilling and Completion Fluids Market
Figure 24 Increase in Drilling Activities is A Driving force of the Drilling and Completion Fluids Market
Figure 25 Trend of North American Drilling Activities, By Countries, 2011 – 2013 (Million Feet)
Figure 26 Consumption of Water-Based Fluids Will Be Highest Compared to Other Types of Fluids
Figure 27 Mexico and Egypt to Be the Fastest Growing Markets for Drilling and Completion Fluids
Figure 28 Trend of Asia-Pacific Drilling Activities, By Countries, 2011 – 2013 (Million Feet)
Figure 29 Trend of European Drilling Activities, By Countries, 2011 – 2013 (Million Feet)
Figure 30 Trend of Latin American Drilling Activities, By Countries, 2011 – 2013 (Million Feet)
Figure 31 Brazil is the Fastest Growing Nation for Drilling and Completion Fluids in Latin America
Figure 32 Trend of African Drilling Activities, By Countries, 2011 – 2013 (Million Feet)
Figure 33 Trend of Middle East Drilling Activities, By Countries, 2011 – 2012 (Million Feet)
Figure 34 Huge Reserves of Onshore Oil and Gas Fields Will Drive the Market for Drilling and Completion Fluids in North America
Figure 35 Companies Have Adopted Product Innovation as the Key Growth Strategy Over the Past Three Years
Figure 36 Drilling Fluids Market Development, By Key Players, 2013
Figure 37 Market Evaluation Framework - Mergers & Acquisitions Have Been the Most Preferred Strategies in the Drilling Fluids Market
Figure 38 Battle for Market Share: Mergers & Acquisitions Have Been Key Strategies

The global drilling and completion fluids market is projected to reach $16,314.4 million by 2019, at a CAGR of 7.3% from 2014-2019.  Increasing offshore and onshore drilling activities and the growing number of productive well counts are expected to be the major drivers for the drilling and completion fluids market.

Drilling and completion fluids are critical for any drilling and exploration activity carried out onshore or offshore. They are used extensively on a global scale at drilling sites for cooling the wellbore, removing the rock cuttings, and transporting them to the surface. The ever-increasing energy demand and growing population are compelling operators to drill as deep as possible and in challenging geological conditions. The shale boom in North America and other regions has fueled the growth of drilling and completion fluids. The largest application area for drilling and completion fluids is the onshore application, as most of the drilling activities are carried out onshore. The major countries for the drilling and completion fluids market are the U.S. and Canada.

Shale Boom: Driver of drilling and completion fluids market

The global drilling and completion fluids market is growing exponentially due to the rising global energy demand, the shale boom, and deepwater drilling activities. The biggest markets for drilling and completion fluids are North America, Asia-Pacific, and Europe. The shale boom, along with increasing deep-water drilling activities, is driving the demand for drilling and completion fluids in these regions.

The market is segmented in terms of value and volume on the basis of application areas, type, and regions. The market segments by application areas include onshore and offshore. The market segments for types comprise water-based systems, oil-based systems, synthetic-based systems and other-based systems. The regional segmentation includes market value and volume for North America, Asia-Pacific, Europe, Latin America, Africa, the Middle East, and RoW.

The key players in the drilling and completion fluids market exhibit an inclination towards mergers and acquisitions, agreements, contracts, joint ventures, and partnership strategies and expansions to gain traction in the market. Leading industrial drilling and completion fluids manufacturers are focusing on emerging markets that are estimated to show potential for industrial development in the near future.

Driling and Completion Fluids Market Share, by Region, 2013

Drilling and Completion Fluids Market

Source: MarketsandMarkets Analysis

Technological developments and exploration activities for shale gas and coalbed methane (CBM) are expected to be the key growth factors for the drilling and completion fluids market.

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