Research and Markets: North American Drilling Fluids (WBF, OBF and SBF) Market Forecasts and Opportunities, 2019
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mtmvnv/drilling_fluids) has announced the addition of the "Drilling Fluids Market - North America Industry Analysis, Size Share, Growth, Trends and Forecast 2012 - 2019" report to their offering.
“Drilling Fluids Market - North America Industry Analysis, Size Share, Growth, Trends and Forecast 2012 - 2019”
Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits and also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion inhibitors, with specific additives. Drilling fluids are classified as OBF, WBF and SBF. These drilling fluids are used in water bore wells, in oil and gas extraction or metal and mineral extraction.
This research is designed to estimate, analyze, and forecast market revenue of drilling fluids across the North America market. The research provides in-depth analysis of the market size of drilling fluids, in terms of revenue. The report covers key applications and product segments of the drilling fluids market. It also provides detailed analysis, historical data and statistically refined forecast for the segments covered.
The market size for drilling fluids has been estimated on the basis of indicators in product segments. This report also discusses various applications of drilling fluids. The major applications considered under the drilling fluids market cover the onshore and offshore oil and gas applications. The key product segments analyzed in this report include Water based fluids (WBFs), Oil based fluids (OBFs) and Synthetic based fluids (SBFs). Furthermore, the market is analyzed based on geography that constitutes countries such as the U.S., Canada and Mexico.
The price for drilling fluid is volatile in nature and changes depending upon the application and product type. There is slight reduction in per product profit margin; however, the overall profit margins are increasing as the demand for drilling fluids is expected to continue increasing at a tremendous rate.
Schlumberger Technology Corporation is one of the leading players in drilling fluids market in North America that held substantial market share in 2012. The merger with M-I SWACO aided the company to reinforce their position in the North America market. Halliburton Company is one of the major players among oilfield service companies. An extensive product portfolio with worldwide presence provides the company with competitive advantage in the drilling fluids market.
North America Drilling Fluids Market: Application Analysis
- Onshore Oil and Gas
- Offshore Oil and Gas
North America Drilling Fluids Market: Product Segment Analysis
- Oil Based Fluids (OBFs)
- Synthetic Based Fluids (SBFs)
Water Based Fluids (WBFs)
- Anchor Drilling Fluids USA Inc.
- Baker Hughes Incorporated
- Canadian Energy Services & Technology Corp.
- China Oilfield Services Limited
- Halliburton Company
- National Oilwell Varco
- Newpark Resources Inc.
- Schlumberger Technology Corporation
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/mtmvnv/drilling_fluids