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. - 16)
  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 Years
  1.4 Currency & Pricing
  1.5 Package Size
  1.6 Limitations
  1.7 Stakeholders

2 Research Methodology (Page No. - 19)
  2.1 Introduction
      2.1.1 Secondary Data
            2.1.1.1 Key Data From Secondary Sources
      2.1.2 Primary Data
            2.1.2.1 Key Data From Primary Sources
      2.1.2.2 Breakdown Of Primary Interviews
  2.2 Market Size Estimation
  2.3 Market Breakdown & Data Triangulation
      2.3.1 Key Industry Insights
  2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
  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 Majority Of The Market Share
  4.4 North America Will Dominate The Drilling & Completion Fluids Market
  4.5 Major 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
      5.1.1 Drivers
            5.1.1.1 Growth In Drilling Activities
                    5.1.1.1.1 Increasing Drilling Footage
            5.1.1.2 Growth In Increased Oil Production
                    5.1.1.2.1 Oil & Gas Production
            5.1.1.3 Continuous Rise In Global Drilling Activities
            5.1.1.4 Technological Developments And Exploration Activities For Shale Gas, Cbm
      5.1.2 Restraints
            5.1.2.1 Impact Of Drilling Fluids On The Environment And Surrounding Eco System
            5.1.2.2 Strict Government Regulations
      5.1.3 Market Opportunities
            5.1.3.1 Development Of Advanced Drilling Fluid Chemicals
            5.1.3.2 Focus On Deep & Ultra-Deepwater Reserves
  5.2 Burning Issue
      5.2.1 Shortage Of Mud Engineering Professionals
  5.3 Winning Imperatives
      5.3.1 Mergers & Acquisitions Is The Key In Drilling & Completion Fluids Market
      5.3.2 Technological Innovation
  5.4 Impact Analysis

6 Industry Trends (Page No. - 47)
  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. - 53)
  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 Water-Based Fluids: 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 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 (Page No. - 65)
  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. - 72)
  9.1 Introduction
  9.2 Regional Analysis Of Drilling & Completion Fluids Market
  9.3 Base Fluid Type Analysis, By Region
      9.3.1 North America
            9.3.1.1 Industry Trends
            9.3.1.2 Largest Regional 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 108
           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 Application Areas Analysis, By Region
      9.4.1 North America
            9.4.1.1 Market Overview
            9.4.1.2 Onshore Drilling Activities Dominate The Total Market
      9.4.2 Asia-Pacific
            9.4.2.1 Market Overview
            9.4.2.2 Exploration Of New Offshore Gas Reserves Presents Great Opportunities
      9.4.3 Europe
            9.4.3.1 Market Overview
            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. - 120)
   10.1 Overview
   10.2 Market Share Analysis
   10.3 Competitive Situations & Trends
        10.3.1 Mergers & Acquisitions
        10.3.2 Agreements, Contracts, Joint Ventures, & Partnerships, 2011-2014
        10.3.3 Expansions & Investments
        10.3.4 New Product & Technology Launches
 
11 Company Profiles (Page No. - 130)
(Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
   11.1 Introduction
   11.2 Baker Hughes Inc.
   11.3 Halliburton
   11.4 M-I Swaco
   11.5 Newpark Resources Inc.
   11.6 Tetra Technologies Inc.
   11.7 Akzonobel Nv
   11.8 Canadian Energy Services & Technology Corp. (Ces)
   11.9 National Oilwell Varco Inc.
   11.10 Scomi Group Bhd
   11.11 Secure Energy Services Inc.
   11.12 Weatherford International Ltd
   11.13 Chevron Phillips Chemical Company Llc.
   11.14 Anchor Drilling Fluids Usa Inc.
   11.15 Global Drilling Fluids & Chemicals Ltd.
*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

12 Appendix (Page No. - 172)
   12.1 Insights Of Industry Experts
   12.2 Discussion Guide
   12.3 Introducing Rt: Real Time Market Intelligence
   12.4 Available Customizations
   12.5 Related Reports
 
List Of Tables  (86 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 Reserves, By Major Countries,2013 (Tcf)
Table 6 Governmental Drilling & Completion Fluids Discharge Regulations,By Countries
Table 7 Drilling & Completion Fluids Market Size, By Type,2012-2019 (Million Gallon)
Table 8 Drilling & Completion Fluids Market Size, By Type, 2012-2019 ($Million)
Table 9 Water-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallon)
Table 10 Water-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 11 Oil-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallon)
Table 12 Oil-Based Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 13 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012–2019 (Million Gallons)
Table 14 Synthetic-Based Drilling & Completion Fluids Market Size, By Region, 2012–2019 ($Million)
Table 15 Other Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million Gallons)
Table 16 Other Based Drilling & Completion Fluids Market Size, By Region,2012–2019 (Million)
Table 17 Onshore Wells Drilled, By Region (Million Feet)
Table 18 Offshore Wells Drilled, By Region (Million Feet)
Table 19 Drilling & Completion Fluids Market Size, By Application Areas,2012–2019 ($Million)
Table 20 Onshore Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 21 Offshore Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 22 Drilling & Completion Fluids Volume Market, By Region,2012–2019 (Million Gallons)
Table 23 Drilling & Completion Fluids Market Size, By Region,2012–2019 ($Million)
Table 24 North America: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 25 North America: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 26 North America: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 27 North America: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 28 U.S.: Drilling & Completion Fluids Market Size, By Base Fluid Types,2012–2019 ($Million)
Table 29 Canada: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 30 Asia-Pacific: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 31 Asia-Pacific: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 32 Asia-Pacific: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 33 Asia-Pacific: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 34 China: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 35 Australia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 36 Thailand: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 37 India: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 38 Indonesia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 39 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 40 Europe: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 41 Europe: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 42 Europe: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 43 Europe: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 44 Russia: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 45 Norway: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 46 U.K.: Drilling & Completion Fluids Market Size, By Base Fluid Types,2012–2019 ($Million)
Table 47 Others: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 48 Latin America: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 49 Latin America: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 50 Latin America: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 51 Latin America: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 52 Mexico: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 53 Brazil: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 54 Venezuela: Drilling & Completion Fluids Market, By Base Fluid Types, 2012–2019 ($Million)
Table 55 Argentina: Drilling & Completion Fluids Market, By Base Fluid Types, 2012–2019 ($Million)
Table 56 Others: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 57 Africa: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 58 Africa: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 59 Africa: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 60 Africa: Drilling & Completion Fluids Market Size, By Country,2012–2019 ($Million)
Table 61 Egypt: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 62 Algeria: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 63 Angola: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 64 Libya: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 65 Nigeria: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 66 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 67 Middle East: Drilling & Completion Fluids Volume, By Base Fluid Types, 2012–2019 (Million Gallons)
Table 68 Middle East: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 69 Middle East: Drilling & Completion Fluids Volume, By Country,2012–2019 (Million Gallons)
Table 70 Middle East: Drilling & Completion Fluids Market Size, By Country, 2012–2019 ($Million)
Table 71 Oman: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 72 Saudi Arabia: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 73 Others: Drilling & Completion Fluids Market Size, By Base Fluid Types, 2012–2019 ($Million)
Table 74 Row: Drilling & Completion Fluids Volume, By Base Fluid Types,2012–2019 (Million Gallons)
Table 75 Row: Drilling & Completion Fluids Market, By Base Fluid Types,2012–2019 ($Million)
Table 76 North America: Drilling & Completion Fluids Market Size, By Application Areas, 2012–2019 ($Million)
Table 77 Asia-Pacific: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 78 Europe: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 79 Latin America: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 80 Africa: Drilling & Completion Fluids Market, By Application Areas,2012–2019 ($Million)
Table 81 Middle East: Drilling & Completion Fluids Market, By Application Areas, 2012–2019 ($Million)
Table 82 Row: Drilling & Completion Fluids Market, By Application Areas,2012–2019 ($Million)
Table 83 Mergers & Acquisitions, 2014-2019
Table 84 Agreements, Contracts, Joint Ventures, & Partnerships, 2011-2014
Table 85 Expansion & Investments, 2011-2014
Table 86 New Product & Technology Launches, 2011-2014


List Of Figures (63 Figures)

Figure 1 Drilling & Completion Fluids Market: Research Design
Figure 2 Breakdown Of Primary Interviews: By Company Type, Designation,& Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Evolution Of Drilling & Completion Fluids
Figure 6 North America Dominated The Drilling & Completion Fluids Market In 2013 
Figure 7 Synthetic-Based Systems Are Expected To Grow At Highest Cagr
Figure 8 North America Will Dominate Drilling & Completion Fluids Market In The Next Five Years
Figure 9 Water-Based Systems Dominate The Market Among The Top Three Types Of Drilling & Completion Fluids
Figure 10 More Than Half Of The Drilling & Completion Fluids Market Was Dominated By Water-Based Systems, In 2013
Figure 11 U.S. & China Held A Majority Of The Market Share In 2013
Figure 12 North America Dominated All Types Of The Drilling & Completion Fluids Market In 2013
Figure 13 U.S. & Canada Is Expected To Acquire More Than 50% Of The Total Market In The Next Five Years
Figure 14 Drilling & Completion Fluids Market In Latin America Will Grow At The Highest Cagr During The Forecast Period
Figure 15 Market Segmentation: Drilling And Completion Fluids Market
Figure 16 Key Market Factors
Figure 17 Crude Oil Production, 2009-2013, Bbl/Day (‘000)
Figure 18 Drilling & Completion Fluids Market Flow Through Echelons
Figure 19 Drilling & Completion Fluids Market: Value Chain Analysis
Figure 20 Porter’s Five Forces Analysis: Drilling And Completion Fluids Market
Figure 21 Classification Of Drilling & Completion Fluids Base
Figure 22 Water-Based Systems Will Dominate The Drilling & Completion Fluids Market Over The Next Five Years
Figure 23 Key Growth Drivers Of Drilling & Completion Fluids Market, By Segment
Figure 24 Water-Based Systems Market In Latin America Will Grow At The Highest Rate In The Next Five Years
Figure 25 Onshore Application Dominates The Drilling & Completion Fluids Market
Figure 26 North America & Asia-Pacific Are Prominent Markets For Drilling & Completion Fluids In Onshore Application Areas
Figure 27 Latin America & Africa Will Grow At Higher Rates In The Offshore Drilling & Completion Fluids Market
Figure 28 Latin America Is Expected To Be The Fastest Growing Market For Drilling & Completion Fluids During The Forecast Period
Figure 29 North America Dominates The Drilling & Completion Fluids Market
Figure 30 Increase In Drilling Activities Is A Driving Force Of The Drilling & Completion Fluids Market In Major Regions
Figure 31 Trend Of North American Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 32 Consumption Of Water-Based Fluids Will Be Highest Compared To Other Types Of Fluids
Figure 33 Mexico & Egypt To Be The Fastest Growing Markets For Drilling & Completion Fluids
Figure 34 Trend Of Asia-Pacific Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 35 Trend Of European Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 36 Trend Of Latin American Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 37 Brazil Is The Fastest Growing Nation For Drilling & Completion Fluids In Latin America 97
Figure 38 Trend Of African Drilling Activities, By Country,2011–2013 (Million Feet)
Figure 39 Trend Of Middle East Drilling Activities, By Country,2011–2012 (Million Feet)
Figure 40 Huge Reserves Of Onshore Oil & Gas Fileds Will Drive The Market For Drilling & Completion Fluids In North America
Figure 41 Companies Have Adopted Mergers & Acquisitions As The Key Growth Strategy In The Past Four Ears
Figure 42 Drilling And Completion Fluids Market Share Analysis By Key Players, 2013 
Figure 43 Market Evaluation Framework - Mergers & Acquisitions Have Been The Most Preferred Strategies In The Drilling Fluids Market
Figure 44 Battle For Market Share: Mergers & Acquisitions Have Been Key Strategy
Figure 45 Baker Hughes: Business Overview
Figure 46 Baker Hughes: Swot Analysis
Figure 47 Halliburton: Business Overview
Figure 48 Halliburton: Swot Analysis
Figure 49 M-I Swaco: Business Overview
Figure 50 M-I Swaco: Swot Analysis
Figure 51 Newpark Resources: Business Overview
Figure 52 New Park Resources Inc.: Swot Analysis
Figure 53 Tetra Technologies Inc.: Business Overview
Figure 54 Tetra Technologies Inc.: Swot Analysis
Figure 55 Akzonobel: Business Overview
Figure 56 Canadian Energy Services & Technology Corp.: Business Overview
Figure 57 National Oilwell Varco: Business Overview
Figure 58 Scomi Group: Business Overview
Figure 59 Secure Energy Services: Business Overview
Figure 60 Weatherford: Business Overview
Figure 61 Chevron Phillips Chemical Company: Business Overview
Figure 62 Anchor Drilling Fluids Usa: Business Overview
Figure 63 Global Drilling Fluids & Chemicals: Business Overview 

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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