Global Water-based Drilling and Completion Fluids Market 2019-2023
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Onshore - Market size and forecast 2018-2023
Offshore - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Middle East and Africa - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Increase in deepwater and ultra-deepwater upstream projects
Nanotechnology for oilfield applications
Qatar’s exit from OPEC
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Baker Hughes
Halliburton
National Oilwell Varco
Newpark Resources
Schlumberger
Weatherford
PART 13: APPENDIX
Research methodology
List of abbreviations
The water-based drilling and completion fluids market size will grow by USD 1.95 billion during 2019-2023. This report offers an analysis of the market by application (onshore and offshore) and geography (APAC, Europe, Middle East and Africa, North America, and South America). The water-based drilling and completion fluids market research report analyzes the market’s competitive landscape and offers information on several companies including Baker Hughes, Halliburton, National Oilwell Varco, Newpark Resources, Schlumberger, and Weatherford.
Global water-based drilling and completion fluids industry overview
The increase in global rig activity is one of the critical factors that will drive market growth in the forthcoming years. With the fluctuating global crude oil prices, there has been a significant increase in drilling projects as companies are increasingly investing in oil and gas projects to increase profit margins. Because of the continuously rising drilling operations, the demand for water-based drilling and completion fluids will increase as they form a crucial component for the drilling of oil and gas wells. Moreover, the rise in the number of active rigs for both onshore and offshore oil and gas drilling because of the surging collaborations among the major oil and gas suppliers will also accelerate water-based drilling and completion fluids market growth.
The emergence of nanotechnology for oilfield applications is one of the key trends expected to gain traction in the market. Nanoparticles are often used for enhancing and stabilizing well drilling as they increase the rate of penetration, reduce the cost of drilling, and minimize the environmental impact of the drilling process. The increased adoption of nanoparticles owing to their unique properties for improving the efficiency of drilling, mining, and other industrial operations will accelerate the market growth. The increasing global rig activity coupled with the emergence of nanotechnology for oil field applications will drive the water-based drilling and completion fluids market growth at a CAGR of close to 6%.
Top water-based drilling and completion fluids companies covered in this market research report
The water-based drilling and completion fluids market is moderately fragmented with companies focusing on leveraging advanced technologies to offer high-quality products. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this water-based drilling and completion fluids industry analysis report will help the clients in assessing the market potential and strengthening their position in the market.
The report offers a complete analysis of various companies including:
Baker Hughes
Halliburton
National Oilwell Varco
Newpark Resources
Schlumberger
Weatherford
Water-based drilling and completion fluids market segmentation based on geographic regions
North America
Middle East and Africa
APAC
Europe
South America
The North America region will account for the highest growth of this market throughout the forecast period owing to the rising number of active rigs. The increasing E&P activities and significant investments made toward such activities will further lead the region to contribute the largest share in the forthcoming years.
Water-based drilling and completion fluids market segmentation based on application
Onshore
Offshore
The onshore application segment will account for the highest growth in the market owing to the increase in both conventional and unconventional oil and gas activities. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the water-based drilling and completion fluids market size.
Key highlights of the global water-based drilling and completion fluids market for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the water-based drilling and completion fluids market during the next five years
Precise estimation of the global water-based drilling and completion fluids market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the water-based drilling and completion fluids industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of water-based drilling and completion fluids companies