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Drilling and Completion Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global drilling and completion fluids market is currently witnessing strong growth. Drilling and completion fluids are highly filtered compounds that are used for oil and gas extraction activities. Drilling fluid, or drilling mud, is usually a composite liquid that is primarily used for minimizing formation damage and transporting solids. It is manufactured using chemical, oil, mud and water, which provides hydrostatic pressure to minimize corrosion and prevent formation fluids from entering the wellbore. On the other hand, the completion fluid is composed of brines, which is a mixture of water, chlorides and bromides, and has a high pH value and ionic composition. It is highly filtered and is available in the form of oil-, water- and synthetic fluids-based and foams.

The increasing shale gas exploration activities represent as one of the key factors driving the market growth. Furthermore, a significant increase in the drilling activities across the globe is also providing a boost to the market growth. Drilling and completion fluids aid in reducing the time to drill and enhancing the wellbore stability to maximize the recovery from the reservoir. Additionally, various technological advancements, such as the implementation of nanotechnology in the development of high-performance drilling and completion fluids, are acting as another growth-inducing factor. Nanoparticles are added to these fluids to minimize shale permeability and water loss by physically plugging nanometer-sized pores in the wellbore. Other factors, including increasing investments in onshore oil and gas industry, along with favorable government initiatives to promote the utilization of sustainable drilling fluids, are projected to drive the market further. Looking forward, IMARC Group expects the market to expand at a CAGR of around 5% during 2020-2025.

Breakup by System Type:

  • Water-based System
  • Oil-based System
  • Synthetic Fluid-based System
  • Others
     

Breakup by Well Type:

  • HPHT (High Pressure High Temperature) Wells
  • Conventional Wells
     

Breakup by Application:

  • Onshore
  • Offshore
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Baker Hughes Company, CES Energy Solutions, Chevron Phillips Chemical, Drilling Fluids & Chemicals Limited, Halliburton Company, National Oilwell Varco, Inc., Newpark Resources Inc., Q'Max Solutions Inc., Sagemines, Schlumberger, Scomi Group Berhad, Secure Energy Services Inc., Tetra Technologies, Inc., Weatherford International, etc.

Key Questions Answered in This Report:

  • How has the global drilling and completion fluids market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the industry?
  • What is the breakup of the market based on the system type?
  • What is the breakup of the market based on the well type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global drilling and completion fluids industry and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Drilling and Completion Fluids Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6    Market Breakup by System Type 
    6.1    Water-based System
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Oil-based System
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Synthetic Fluid-based System
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Well Type
    7.1    HPHT (High Pressure High Temperature) Wells
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Conventional Wells
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Onshore
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Offshore
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Key Price Indicators
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Baker Hughes Company
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials 
           14.3.1.4 SWOT Analysis
        14.3.2    CES Energy Solutions
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials 
           14.3.2.4 SWOT Analysis
        14.3.3    Chevron Phillips Chemical
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Drilling Fluids & Chemicals Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Halliburton Company
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials 
           14.3.5.4 SWOT Analysis
        14.3.6    National Oilwell Varco, Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials 
           14.3.6.4 SWOT Analysis
        14.3.7    Newpark Resources Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials 
           14.3.7.4 SWOT Analysis
        14.3.8    Q'Max Solutions Inc. 
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Sagemines
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials 
        14.3.10    Schlumberger
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials 
           14.3.10.4 SWOT Analysis
        14.3.11    Scomi Group Berhad
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials 
           14.3.11.4 SWOT Analysis
        14.3.12    Secure Energy Services Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials 
           14.3.12.4 SWOT Analysis 
        14.3.13    Tetra Technologies, Inc.
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
           14.3.13.3 Financials 
        14.3.14    Weatherford International
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
           14.3.14.3 Financials
           14.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Drilling and Completion Fluids Market: Major Drivers and Challenges
Figure 2: Global: Drilling and Completion Fluids Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Drilling and Completion Fluids Market: Breakup by System Type (in %), 2019
Figure 4: Global: Drilling and Completion Fluids Market: Breakup by Well (in %), 2019
Figure 5: Global: Drilling and Completion Fluids Market: Breakup by Application (in %), 2019
Figure 6: Global: Drilling and Completion Fluids Market: Breakup by Region (in %), 2019
Figure 7: Global: Drilling and Completion Fluids Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Drilling and Completion Fluids (Water-based System) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Drilling and Completion Fluids (Water-based System) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Drilling and Completion Fluids (Oil-based System) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Drilling and Completion Fluids (Oil-based System) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Drilling and Completion Fluids (Synthetic Fluid-based System) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Drilling and Completion Fluids (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Drilling and Completion Fluids (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Drilling and Completion Fluids (High Pressure High Temperature Wells) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Drilling and Completion Fluids (Conventional Wells) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Drilling and Completion Fluids (Conventional Wells) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Drilling and Completion Fluids (Onshore Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Drilling and Completion Fluids (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Drilling and Completion Fluids (Offshore Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: North America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: North America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: United States: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: United States: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Canada: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Canada: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Asia Pacific: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Asia Pacific: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: China: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: China: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Japan: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Japan: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: India: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: India: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: South Korea: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: South Korea: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Australia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Australia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Indonesia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Indonesia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Europe: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Europe: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Germany: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Germany: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: France: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: France: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: United Kingdom: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: United Kingdom: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Italy: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Italy: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Spain: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Spain: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Russia: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Russia: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 100: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 101: Latin America: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 102: Latin America: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 103: Brazil: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 104: Brazil: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 105: Mexico: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 106: Mexico: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 107: Others: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 108: Others: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 109: Middle East and Africa: Drilling and Completion Fluids Market: Sales Value (in Million US$), 2014 & 2019
Figure 110: Middle East and Africa: Drilling and Completion Fluids Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 111: Global: Drilling and Completion Fluids Industry: SWOT Analysis
Figure 112: Global: Drilling and Completion Fluids Industry: Value Chain Analysis
Figure 113: Global: Drilling and Completion Fluids Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Drilling and Completion Fluids Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Drilling and Completion Fluids Market Forecast: Breakup by System Type (in Million US$), 2020-2025
Table 3: Global: Drilling and Completion Fluids Market Forecast: Breakup by Well Type (in Million US$), 2020-2025
Table 4: Global: Drilling and Completion Fluids Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Drilling and Completion Fluids Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Drilling and Completion Fluids Market Structure
Table 7: Global: Drilling and Completion Fluids Market: Key Players

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