Hexa Reports Market Research Reports and Insightful Company Profiles
Drilling Fluid Industry 2015 Market Size and Share, Growth, Market Price, Analysis, Forecast and Overview
The global market for drilling fluids is expected to reach USD 14.92 billion by 2020. Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand. Water based fluids (WBF) were the most consumed drilling fluids around the world and accounted for 56% of the total market revenue in 2013. WBFs are also expected to be the fastest growing drilling fluid products, at an estimated CAGR of 8.8% from 2014 to 2020. WBFs were followed by oil-based fluids (OBF) which accounted for just over 30% of the total market for the same year. However, the growing environmental concerns regarding the use of OBFs in drilling activities is expected to hamper its market growth over the forecast period.
Browse Detail Report With TOC @ http://www.hexareports.com/report/drilling-fluids-marketanalysis-by-product-obf-sbf-wbf-by-application-offshore-onshore-and-segment-forecasts-to2020/details The global market for drilling fluids was estimated to be USD 8.16 billion in 2013, and is expected to grow at a CAGR of 8.2% from 2014 to 2020.
Hexa Reports Market Research Reports and Insightful Company Profiles North America continued its dominance in the global market and accounted for 55.5% of total market revenue in 2013. However, increasing drilling activities in Latin America and Asia Pacific is expected to boost the demand for drilling fluids in these two regions over the next six years. The demand for drilling fluids in Central and South America is expected to grow at an estimated CAGR of 10.3% from 2014 to 2020. Drilling fluids are majorly used for onshore oil & gas drilling owing to large number of onshore oil and gas reserves around the world. Onshore oil & gas accounted for 71.6% of total market revenue in 2013. Increasing deep sea drilling activities in Gulf of Mexico, Brazil offshore and West Africa is expected to boost the demand for drilling fluids in offshore applications. The global market for drilling fluids is highly concentrated as top four companies including Schlumberger, Halliburton, Baker Hughes and Newpark accounted for over 70% of the total market in 2013. Weatherford International, Tetra Tech, Canadian Energy Services, China Oilfield and Anchor Drilling were amongst other significant market participants. For the purpose of this study, Grand View Research has segmented the global drilling fluids market on the basis of product, application and region: Global Drilling Fluids Product Outlook (Revenue, USD Million, 2012 - 2020) Oil-Based Fluids (OBF) Water-Based Fluids (WBF) Synthetics-Based Fluids (SBF) Global Drilling Fluids Application Outlook (Revenue, USD Million, 2012 - 2020) Onshore Offshore Drilling Fluids Regional Outlook (Revenue, USD Million, 2012 - 2020) North America Europe Asia Pacific Middle East & Africa Central & South America Request A Sample copy of This Report @ http://www.hexareports.com/sample/42777 Table of Contents Chapter 1 Executive Summary 1.1 Drilling Fluids - Industry Summary & Critical Success Factors (CSFs)
Hexa Reports Market Research Reports and Insightful Company Profiles Chapter 2 Drilling Fluids Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Drilling Fluids Value Chain Analysis 2.4 Drilling Fluids Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Increasing global drilling activities 2.4.1.2 Shift towards developing unconventional gases 2.4.1.3 Increasing use of horizontal drilling techniques 2.4.2 Market restraint analysis 2.4.2.1 Stringent environmental regulations 2.4.2.2. Political unrest in natural resource rich countries 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Drilling Fluids - Company Market Share Analysis 2.8 Drilling Fluids - PESTEL Analysis Chapter 3 Drilling Fluids Product Outlook 3.1 Oil-Based Fluids (OBF) 3.1.1. Global oil-based drilling fluids market revenue, 2012-2020, (USD million) 3.2 Water-Based Fluids (WBF) 3.2.1 Global water-based drilling fluids market revenue, 2012-2020, (USD million))
Hexa Reports Market Research Reports and Insightful Company Profiles 3.3 Synthetics-Based Fluids 3.3.1 Global synthetics-based drilling fluids market revenue, 2012-2020, (USD million) Chapter 4 Drilling Fluids Application Outlook 4.1 Onshore Oil & Gas 4.1.1 Global drilling fluids market revenue from onshore oil & gas, 2012-2020, (USD million) 4.2 Offshore Oil & Gas 4.2.1 Global drilling fluids market revenue from onshore oil & gas, 2012-2020, (USD million) Browse Full Report @ http://www.hexareports.com/report/drilling-fluids-market-analysis-byproduct-obf-sbf-wbf-by-application-offshore-onshore-and-segment-forecasts-to-2020/details About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number 1-800-489-3075 Email Us: sales@hexareports.com Our Website: http://www.hexareports.com/ Visit Our Blogs: http://hexareports.blogspot.in