The Global Market for Drilling Fluids Is Expected to Increase at a Cagr of More Than 8.0% from 2015 to 2021 – by Market Research Engine

The Global Market for Drilling Fluids is Expected to Increase at a CAGR of More

Than 8.0% from 2015 to 2021 – by Market Research Engine

Florida, Feb 25: Market Research Engine has published a new report titles as “Global Drilling Fluids

Market (Water-Based Fluids, Oil-Based Fluids and Synthetic-Based Fluids) for Oil and Gas (Offshore &

Onshore) - Application Analysis, and Forecasts 2015 – 2021”.

The global market for drilling fluids was estimated to be USD 8.10 billion in 2013, and is expected to

increase at a CAGR of more than 8.0% from 2015 to 2021.

Browse full report here - http://marketresearchengine.com/reportdetails/drilling-fluids-market

Drilling deeper, longer and more challenging wells has been made possible by improvements in drilling

technologies, including more efficient and effective drilling fluids. Drilling fluids, also referred to as

drilling mud, are added to the wellbore to facilitate the drilling process by suspending cuttings,

controlling pressure, stabilizing exposed rock, providing buoyancy, and cooling and lubricating.

Due to the increasing innovation in the nanotechnology in the exploration of oil and gas industry has

spurred the growth of the drilling fluids market, with major companies investing huge amounts in

developing the technology. The report on the global drilling fluids market is a blueprint for the

companies in this industry to improve their businesses.

Drilling fluids market is classified as below:

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Water-based fluids

Oil-based fluids

Synthetic-based fluids

The report additionally provides qualitative analysis of the leading players, with clear insight and analysis

on the development strategies adopted by the market players.

The expanding onshore drilling activities in the Middle East, North America and Asia Pacific are expected

to drive the demand for drilling fluids in the onshore reserves. Onshore oil and gas dominated the

drilling fluids market represented 80% of the total demand in 2014....