Drilling Fluids Market Size & Forecast Report, 2014 - 2025

The global Drilling Fluids Market is projected to witness incremental growth by 2025, exhibiting a CAGR of 3.7% during the forecast period of 2018 to 2025. The rapid surge in product demand is credited to the rising number of drilling activities across the globe and the shifting trend towards oil exploration. As a whole, the drilling fluid market is estimated to generate significant revenue during the forecast period, thereby offering numerous opportunities for investors to speed up research & development activities.

Robust growth in the oil & gas industry, particularly among developed economies is expected to drive the drilling fluids industry growth during the forecast period. In addition, offshore decommissioning services are expected to gain momentum in the European & Middle-East region based on the rising number of decommissioning projects in the North Sea area, thus contributing to the rampant demand for drilling fluids. Moreover, the adoption of advanced drilling techniques coupled with high-end productivity is expected to foster drilling fluids market growth in the upcoming years.

However, lowered cost of crude oil and a massive slump in the drilling activities are some of the key challenges for market expansion, in the last few years. These factors are also expected to hamper the overall productivity and operating profitability of upstream or exploration and production companies across the globe. The rise in the number of manufacturers that are incorporating cost-effectiveness into their mass-market models is expected to pave a way for future market developments.

In May 2018, Ingevity has unveiled its brand new EnvaMulTM emulsifier product line of drilling fluids. EnvaMul emulsifiers are increasingly used for oil-based muds in drilling applications where cost is the primary driver. The availability of low-cost solutions from Ingevity is expected to drive more customers towards the end of the forecast period. The EnvaMul line of emulsifiers helps to limit fluid loss and improves rheology, electrical stability, and solids control in a variety of mud systems.

The manufacturers of drilling fluids include Schlumberger Ltd., Halliburton Inc., Baker Hughes Inc., Newpark Resources Inc., National Oilwell Varco, Inc., Scomi Group Bhd, TETRA Technologies, Inc., Canadian Energy Services & Technology Corp., GEO Drilling Fluids, Inc., and Anchor Drilling Fluids USA, Inc.

Market Segment:

Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Oil-based fluids
    • Water-based fluids
    • Synthetic based fluids
    • Others

Drilling Fluids Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Onshore oil & gas
    • Offshore oil & gas

Drilling Fluids Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • the U.S
        • Canada
        • Mexico
    • Europe
        • the UK
        • Russia
        • Norway
        • Azerbaijan
        • Kazakhstan
    • the Asia Pacific
        • China
        • India
        • Indonesia
        • Malaysia
        • Pakistan
        • Myanmar
        • Singapore
        • Australia
        • Vietnam
        • Thailand
    • the Middle East
        • Saudi Arabia
        • UAE
        • Qatar
        • Kuwait
        • Iran
        • Iraq
    • Africa
        • Algeria
        • Libya
        • Nigeria
        • Gabon
        • Zaire
    • Central & South America
        • Brazil
        • Argentina
        • Venezuela
        • Columbia
        • Peru