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Global Drilling Fluids Market Report 2020-2027 with Focus on Key Players - Baker Hughes, Halliburton, Imdex, National Oilwell Varco, Newpark Resources, Schlumberger, & Weatherford International

Research and Markets
·5-min read

Dublin, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The "Drilling Fluids - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Drilling Fluids Market to Reach $9.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Drilling Fluids estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$9.6 Billion by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027.

Oil based Fluids, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water based fluids segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U. S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 4.3% CAGR

The Drilling Fluids market in the U. S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.

Synthetic based Fluids Segment to Record 1.9% CAGR

In the global Synthetic based Fluids segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$980.1 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Baker Hughes, a GE company

  • Halliburton

  • Imdex Ltd

  • National Oilwell Varco, Inc.

  • Newpark Resources, Inc.

  • Schlumberger Ltd.

  • Weatherford International Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Drilling Fluids Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

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2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Drilling Fluids Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027

  • Drilling Fluids Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019

  • Drilling Fluids Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

  • Oil based Fluids (Product) World Market by Region/Country in US$ Million: 2020 to 2027

  • Oil based Fluids (Product) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019

  • Oil based Fluids (Product) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027

  • Water based fluids (Product) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027

  • Water based fluids (Product) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019

  • Water based fluids (Product) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

  • Synthetic based Fluids (Product) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027

  • Synthetic based Fluids (Product) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019

  • Synthetic based Fluids (Product) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

  • Other Products (Product) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027

  • Other Products (Product) Market Historic Review by Region/Country in US$ Million: 2012 to 2019

  • Other Products (Product) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

  • Onshore Oil & Gas (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027

  • Onshore Oil & Gas (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019

  • Onshore Oil & Gas (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

  • Offshore Oil & Gas (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027

  • Offshore Oil & Gas (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019

  • Offshore Oil & Gas (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures

  • Drilling Fluids Market Share (in %) by Company: 2019 & 2025

  • Market Analytics

  • Drilling Fluids Market Estimates and Projections in US$ Million by Product: 2020 to 2027

  • Drilling Fluids Market by Product: A Historic Review in US$ Million for 2012-2019

  • Drilling Fluids Market Share Breakdown by Product: 2012 VS 2020 VS 2027

  • Drilling Fluids Latent Demand Forecasts in US$ Million by Application: 2020 to 2027

  • Drilling Fluids Historic Demand Patterns by Application in US$ Million for 2012-2019

  • Drilling Fluids Market Share Breakdown by Application: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 58

For more information about this report visit https://www.researchandmarkets.com/r/57kfx9

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900