DUBLIN--(BUSINESS WIRE)--The "Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global drilling & completion fluids market is estimated at USD 9.62 billion in 2018 and is projected to grow at a CAGR of 5.82% during the forecast period, to reach USD 12.76 billion by 2023
The increase in drilling and exploration for oil and gas is driving the drilling and completion fluids market. The rise in the exploration of shale gas is another key factor driving the growth of the market. On the other hand, the major restraint for the drilling & completion fluids market is the environmental impact and stringent environmental regulations.
The abundance of shale reserves in North America has led to a considerable increase in drilling activity. The North American region has a large number of offshore reserves, which are currently being explored. The North American drilling and completion fluids market is driven by the growth in drilling activities for oil and gas reserves.
The offshore exploration activities in the Gulf of Mexico are on the rise, which has prompted the expansion of companies in the region. The government has imposed stringent regulations for the prevention of the degradation of the environment.
Some of the prominent players in the drilling & completion fluids market are BHGE (US), Halliburton (US), Schlumberger (US), Weatherford (US), and Newpark Resources (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Drilling & Completion Fluids Market, By Application
7 Drilling & Completion Fluids Market, By Fluid System
8 Drilling & Completion Fluids Market, By Well Type
9 Drilling & Completion Fluids Market, By Region
10 Competitive Landscape
11 Company Profiles
- Newpark Resources
- Tetra Technologies
- National Oilwell Varco
- Secure Energy Services
- Weatherford International
- Q'max Solutions
- Global Drilling and Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/43r4rf/drilling_and?w=4