Drilling Fluids Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Drilling Fluids Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And

Forecasts, 2012 To 2020

Industry Insights

Growing crude oil and natural gas demand resulted in extensive drilling activities. Drilling fluids market

has been witnessing strong growth over the past few years on account of increasing demand for oil

drilling activities. In addition, depletion in onshore reserves resulted in key market players to shift their

focus towards deep sea reserves which generates more revenue. This shift in focus towards deep sea

reserves is expected to boost drilling fluids market demand over the forecast period.

Moreover, increasing shale gas, coal bed methane and other unconventional resources exploration is

the key factor to fuel drilling fluids market over the next five years. However, growing environmental

concerns coupled with stringent regulations regarding the usage of disposable drilling fluids is

anticipated to hamper the market growth in Middle East over the forecast period. EPA limits the usage

of OBFs in offshore drilling activities owing to high toxicity and which causes serious threat to marine life

directly.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Product insights

Water based, synthetic based and oil based drilling fluids are the major types of drilling fluids. Water

based drilling fluids (WBFs) market was the largest product type consumed across the world in 2013.

Water based drilling fluids is expected to remain as the dominating product segment and witness the

fastest growth over the next five years on account of its low toxicity compared to other drilling fluids.

WBFs are mainly used in offshore drilling activities. Increasing offshore drilling activities is the key factor

to drive WBFs market. Oil based drilling...