Drilling Fluids Market To Generate Significant Revenue Due To Rising Momentum in Offshore Decommissioning Services in European And Middle-East Region Till 2025 | Million Insights

June 18 08:56 2021
Drilling Fluids Market To Generate Significant Revenue Due To Rising Momentum in Offshore Decommissioning Services in European And Middle-East Region Till 2025 | Million Insights

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According to new report available with Million Insights, the global drilling fluid industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Drilling Fluids Market is projected to witness an incremental growth by 2025, exhibiting a CAGR of 3.7% during the forecast period of 2018 to 2025. Rapid surge in the product demand is credited to the rising number of drilling activities across the globe and 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 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 is expected to gain momentum in European & Middle-East region based on rising number of decommissioning projects in North Sea area, thus contributing to the rampant demand for drilling fluids. Moreover, adoption of advanced drilling techniques coupled with high-end productivity are expected to foster drilling fluids market growth in the upcoming years.

To download the sample PDF of “Drilling Fluids Market Report” please click here: https://www.millioninsights.com/industry-reports/drilling-fluids-market/request-sample

However, lowered cost of crude oil and 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 overall productivity and operating profitability of upstream or exploration and production companies across the globe. Rise in the number of manufactures that are incorporating the cost-effective into their mass-market models is expected to pave a way for future market developments.

On 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. Availability of low cost solutions from Ingevity is expected to drive more customers towards the end of 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.

To browse report summary & detailed TOC, please click the link below:

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
        • U.S
        • Canada
        • Mexico
    • Europe
        • UK
        • Russia
        • Norway
        • Azerbaijan
        • Kazakhstan
    • Asia Pacific
        • China
        • India
        • Indonesia
        • Malaysia
        • Pakistan
        • Myanmar
        • Singapore
        • Australia
        • Vietnam
        • Thailand
    • Middle East
        • Saudi Arabia
        • UAE
        • Qatar
        • Kuwait
        • Iran
        • Iraq
    • Africa
        • Algeria
        • Libya
        • Nigeria
        • Gabon
        • Zaire
    • Central & South America
        • Brazil
        • Argentina
        • Venezuela
        • Columbia
        • Peru

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