Global Drilling Fluid Market Size, Share, Forecast Report 2023

The global drilling fluid market is expected to increase from USD 7.21 billion in 2016, to USD 10.97 billion in 2023, at a CAGR of 5.23% from 2017 to 2023. The overall demand of drilling fluid have increased in recent years, this is mainly due to the increase in oil and gas exploration activities along with the development of unconventional and marginal reservoir. The development of specialty chemicals will bolster the sales of drilling fluids during the forecast period. The years used for the assessment are as follows;

• Historical year   : 2013-2015
• Base year            : 2016
• Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

• Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
• Interacting with key opinion leaders of the market and developing data points based on interaction with them
• Study of past trends in the market and their year on year Impact on the market size and share
• Analyzing the collected data points
• Bridging the data points to calculate the total drilling fluid market and it various segments.
• Anticipating potential risks
• Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the drilling fluid market
• Finalizing the overall size and share for the global drilling fluid market 

OBJECTIVES:

• To provide historical, current, and future forecast of the market size in terms of revenue and volume
• To classify and forecast the growth prospect of the global drilling fluid market on the basis of products, application and region
• To identify and analyze opportunities for stakeholders in the drilling fluid market
• To forecast the impact of trends, opportunities, drivers and restraints on the global drilling fluid market
• To study value chain analysis on the supply as well as the demand side
• To understand major policy changes and regulations impacting global drilling fluid market
• To identify and analyze opportunities for new entrant in the drilling fluid market
•  To profile key companies operating in the global drilling fluid market and provide their competitive landscape
• To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global drilling fluid market is as follows:

By Type

• Water-based Fluid
• Non-aqueous Fluid
  • Oil-based fluid
  • Synthetic-based Fluid
• Pneumatic Fluid
• Others 

By Location

• Onshore
• Offshore 

By Region

• North America
• Europe
• Asia-Pacific
• Middle East and Africa (MEA)
• Rest of the World (RoW)