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. Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/drilling-fluidsindustry/ 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 fluids (OBFs) are the second major market followed by synthetic based drilling fluids. OBFs have been witnessing sluggish growth over the past few years owing to risk of environmental hazards coupled with it. Industries have been shifting their focus toward synthetic based drilling fluids. This trend is expected to drive SBFs market at a good pace over next five years. Application Insights Major applications of drilling fluids market include Onshore and offshore oil & gas activities. Onshore oil & gas emerged as a leading application segment for drilling fluids market in 2013. Growth of onshore oil & gas activities is the key factor to drive the market. However, Offshore oil & gas is expected to witness fastest growth over the next five years on account of increasing investment in U.S.A, Gulf of Mexico, offshore Brazil and offshore west Africa. Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/193 Regional Insights North America was the largest market for drilling fluids in 2013. North America is expected to remain as the dominating market over the next five years on account of boom in shale gas demand recently. Rapid growth in end-use application segment in this region is expected to fuel the market growth over the foreseeable period. Regions such as Central and South America, Brazil and Venezuela are expected to witness fastest growth in drilling fluids market owing to increasing drilling activities in these regions. In addition, Asia as one of the deep sea drilling regions is the most attracting region for industry participants to invest. This factor is anticipated to open new opportunities for the market players in near future. Competitive Insights Drilling fluids market is highly concentrated with top four players dominating the global market over the past few years. Schlumberger Limited, Baker Hughes, Halliburton and Newpark Resources Inc. are the Hexa Research Inc. Industry Research,Custom Research & Consulting top players of this market contributing more than 70% of the global market share over the past few years. Entry for new participants to enter the market is highly difficult. Some other players of the market include Tetra Tech, Inc., Canadian Energy Services & Technology Corp., Weatherford International, China Oilfield Services and Anchor Drilling Fluids, Inc. among many others. Table of Contents Chapter 1 Executive Summary 1.1 Drilling Fluids - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Drilling Fluids Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Drilling Fluids Value Chain Analysis 2.4 Drilling Fluids Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Drilling Fluids - Company Market Share Analysis 2.8 Drilling Fluids - PESTEL Analysis Chapter 3 Drilling Fluids Product Outlook 3.1 Oil-Based Fluids (OBF) 3.2 Water-Based Fluids (WBF) 3.3 Synthetics-Based Fluids Browse All Petrochemicals Industry Research Related Reports @ http://www.hexaresearch.com/research-category/petrochemicals-market/ Chapter 4 Drilling Fluids Application Outlook 4.1 Onshore Oil & Gas 4.2 Offshore Oil & Gas Chapter 5 Drilling Fluids Regional Outlook 5.1 North America 5.2 Europe 5.3 Asia Pacific 5.4 Middle East & Africa Hexa Research Inc. Industry Research,Custom Research & Consulting 5.5 Central & South America Chapter 6 Drilling Fluids Competitive Landscape 6.1 Anchor Drilling Fluids USA Inc. 6.2 Baker Hughes 6.3 Canadian Energy Services & Technology Corp 6.4 China Oilfield Services Limited 6.5 Global Drilling Fluids & Chemicals Ltd. 6.6 Halliburton Company 6.7 M-I Swaco Chapter 7 Methodology & Scope 7.1 Research Methodology 7.2 Research Scope & Assumptions 7.3 List of Data Sources Browse Full Report @ http://www.hexaresearch.com/research-report/drilling-fluids-industry/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blogs: http://hexaresearch2015.blogspot.com/
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.
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