11:35 AM Drilling and Completion Fluids Market Size to Grow at a CAGR of 6.1% |
| Drilling and Completion Fluids Market is expected to grow at a CAGR of 6.1% during the forecast years, according to a newly added report by Stratview Research. The upsurge in shell gas exploration and the growth in onshore and offshore drilling activities are the factors driving the drilling and completion fluids market globally.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period. Request a sample of the report here As per the report, among different application types, the onshore application segment is estimated to lead the market during the forecast period. Majority of oil & gas wells are present onshore; further, the number of wells drilled onshore is larger than the number of wells drilled offshore. Based on the fluid system type, the market is segmented as water-based, oil-based, synthetic-based, and others. The water-based fluid system segment is expected to lead the market during the forecast period. Water-based fluid systems are cost-effective than the non-aqueous-based fluids and they find application in both onshore and offshore platforms. Based on the well type, the market is segmented as HPHT wells and conventional wells. The HPHT wells are anticipated to be the faster-growing segment during the forecast period. Most of the conventional wells are now matured, leading to increasing need for drilling of HPHT wells to meet the growing demand for hydrocarbons. View the Table of Contents here North America is expected to be the largest market for drilling and completion fluids during the forecast period. Increasing demand for oil and gas along with the increasing drilling activities and surge in exploration of shale gas reserves are the major factors behind the dominance of North America. Europe and Asia-Pacific are the other major markets and are expected to witness substantial growth during the forecast period. Read the Full Report Description here The report further mentions about the key manufacturing players Halliburton Company, Schlumberger Limited, Newpark Resources Inc., Tetra Technologies Inc., National Oilwell Varco Corporation, Secure Energy Services Inc., Weatherford International, Sagemines, Scomi Group Berhad, and Global Drilling and Chemicals. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Drilling and Completion Fluids Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on Drilling and Completion Fluids Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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