Latin America Drilling Fluids Market is Expected to Reach USD 1,161.1 Million by 2020

Transparency Market Research Latin America Drilling Fluids Market : Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 2014-08-27

92 Page Report

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Latin America Drilling Fluids Market is Expected to Reach USD 1,161.1 Million by 2020 Transparency Market Research State Tower, 90, State Street, Suite 700.

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Drilling Fluids Market

REPORT DESCRIPTION

Transparency Market Research has released a new market report titled “Drilling Fluids Market Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.� According to the report, the drilling fluids market in Latin America was valued at USD 608.7 million in 2013 and is anticipated to reach USD 1,161.1 million by 2019, expanding at a CAGR of 9.63% from 2014 to 2020.

Browse the full Drilling Fluids Market (By Product Segment - Water-based, Oil-based and Synthetic Drilling Fluids): Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/latin-america-drilling-fluids-market.html The drilling fluids market in Latin America has been analyzed based on product segments, namely waterbased fluids (WBFs), oil-based fluids (OBFs) and synthetic-based fluids (SBFs). In terms of revenue, WBFs segment dominated the overall market, accounting for more than 58% of the drilling fluids market share in Latin America in 2013. WBFs segment is estimated to be one of the rapidly growing segments during the forecast period due to its eco-friendly nature and cheap price compared to other drilling fluids. WBFs require minimal treatment before discharge; hence, these are used widely as compared to oil and synthetic drilling fluids. In offshore regions, WBFs are dumped into the seawater after attaining a permissible toxic content level as determined by the environmental regulatory bodies. Key technology segments analyzed in this study include dispersed systems and non-dispersed systems. These are classified as sub-segments of water-based fluids. In terms of revenue, dispersed systems dominated the market, occupying more than 60% of the market share in 2013. latin-america-drilling-fluids-market In terms of revenue, Brazil dominated the drilling fluids market in Latin America, accounting for over 26% of the market share in 2013. High investment in deep water and ultra-deep water reserves is proving to be a boon for the market in Brazil. Increased exploration activities for other unconventional sources of energy, such as CBM (Coal Bed Methane) and shale gas, are further anticipated to drive the drilling fluids market in Latin America.

Key players in the drilling fluids market in Latin America include Baker Hughes Incorporated, Newpark Resources Inc., Halliburton Company, Schlumberger Limited, Weatherford International Limited, and Imdex Limited (AMC Oil & Gas).

Request a Sample of this Report :http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=3019 Latin American Drilling Fluids Market: Product Segment Analysis Water-based fluids Oil-based fluids Synthetic-based fluids Latin American Drilling Fluids Market: Technology Analysis Dispersed systems Non-dispersed systems Latin American Drilling Fluids Market: Country-wise Analysis Argentina

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Drilling Fluids Market

Brazil Venezuela Others (Rest of Latin America)

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