North America Drilling Fluids Market to Grow at a CAGR of 7.50% from 2013 to 2019 due to Increasing Drilling Activities

Transparency Market
Research
North America Drilling Fluids Market by Application - Industry Analysis, Size Share,
Growth, Trends and Forecast 2012 – 2019.
Published Date
2014-05-12
74 Page Report
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Press Release
North America Drilling Fluids Market is Expected to Reach USD
7,203.6 million in 2019: Transparency Market Research
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North America Drilling Fluids
Market
REPORT DESCRIPTION
According to a new market report published by Transparency Market Research "Drilling Fluids (WBF, OBF
and SBF) Market by Application (Onshore and Offshore): North America Industry Analysis, Size Share,
Growth, Trends and Forecast 2012 - 2019," drilling fluids market was valued at USD 4,336.8 million in 2012
and is expected to reach 7,203.6 million in 2019, growing at a CAGR of 7.5% from 2013 to 2019.
Browse North America Drilling Fluids Market Report with Full TOC at
http://www.transparencymarketresearch.com/north-america-drilling-fluids-market.html
Growing demand for natural gas and crude oil in North America is expected to bolster growth drilling fluids
market in the region. Furthermore, shift towards exploring and developing deep sea reserves and
increasing implementation of horizontal drilling is expected to augment the growth of the North America
drilling fluids market. Increasing focus towards developing unconventional resources such as shale oil/gas,
coal bed methane and other resources are likely to bolster the overall product demand. Key challenges
faced by the industry include increasing environmental concerns regarding the use of drilling fluids and
raising concerns over the disposal of waste drilling fluids and contamination are expected to curb market
growth of drilling fluids in North America. However, emergence of nanotechnology for product
development is expected to overcome these challenges.
Key applications analyzed in this market include onshore oil and gas and offshore oil and gas. Onshore oil
and gas held a significant share in the overall market followed by the offshore oil and gas application in
2012. The increasing onshore drilling activities are expected to boost the demand for the market in
onshore reserves thereby fuelling the demand for drilling fluids. In terms of revenue, onshore oil and gas
application market is likely to grow at a CAGR of 7.9% from 2013 to 2019.
The U.S dominated North America drilling fluids market in 2012, accounting for more than 80% of the
market share in 2012. Rising demand for drilling fluids attributed to overall market growth. Growing
exploration of shale gas in the U.S and Canada is expected to drive the market for drilling fluids over the
forecast period from 2013 to 2019.
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North America Drilling Fluids
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Key players in the market include Weatherford International, Schlumberger Technology Corporation,
Newpark Resources Inc., National Oilwell Varco, Halliburton Company, China Oilfield Services Limited,
Canadian Energy Services &Technology Corp, Baker Hughes Incorporated, and Anchor Drilling Fluids USA
Inc. Schlumberger Technology Corporation dominated the market owing to the widespread geographic
operations and focused R&D activities. The report provides an overview of these companies followed by
their financial revenue, business strategies, and recent developments.
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The research analyzes and estimates performance and market for drilling fluids in North America, providing
detailed trend analysis of the market by geography and comprehensive analysis of companies that are
dealing in drilling fluids market. The report presents a thorough assessment of the strategies followed by
different stakeholders by segmenting the drilling fluids market as below:
North America Drilling Fluids Market: Application Analysis
- Onshore Oil and Gas
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North America Drilling Fluids
Market
- Offshore Oil and Gas
North America Drilling Fluids Market: Product Segment Analysis
- Oil Based Fluids (OBFs)
- Synthetic Based Fluids (SBFs)
- Water Based Fluids (WBFs)
Browse North America Drilling Fluids Market Report with Full TOC at
http://www.transparencymarketresearch.com/north-america-drilling-fluids-market.html
North America Drilling Fluids Market: Country Analysis
- U.S.
- Canada
- Mexico
Table of Contents
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North America Drilling Fluids
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Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research methodology
1.4 List of abbreviation
Chapter 2 Executive Summary
2.1 North American drilling fluids: Market snapshot
Chapter 3 North America Drilling Fluids: Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Increasing oil drilling activities in North America
3.3.2 Focus on developing deep sea reserves and implementing horizontal drilling
3.3.3 Increasing exploration of shale gas, CBM and other unconventional resources
3.4 Restraints
3.4.1 Growing environmental concerns regarding the use and disposal of drilling fluids
3.5 Opportunities
3.5.1 Emergence of nanotechnology for developing drilling fluids
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
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3.6.4 Threat of substitutes
3.6.5 Degree of competition
3.7 North America Drilling fluids: Market attractiveness analysis
3.8 North America Drilling Fluids: Company market share analysis, 2012
Chapter 4 Drilling Fluids: Product Segment Analysis
4.1 North America drilling fluids market: Product overview
4.1.1 North America drilling fluids market revenue share, by product segment, 2012 and 2019
4.2 Oil-based fluids (OBFs)
4.2.1 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million)
4.3 Synthetic-based fluids (SBFs)
4.3.1 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD
Million)
4.4 Water-based fluids (WBF)
4.4.1 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million)
Chapter 5 Drilling Fluids: Application Segment Analysis
5.1 North America drilling fluids market: Application overview
5.1.1 North America drilling fluids market revenue share, by application, 2012 & 2019
5.2 Offshore oil and gas
5.2.1 North America demand for drilling fluids from offshore oil and gas, 2012-2019 (USD Million)
5.3 Onshore Oil and Gas
5.3.1 North America demand for drilling fluids from onshore oil and gas, 2012-2019 (USD Million)
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North America Drilling Fluids
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Chapter 6 North American Drilling Fluids: Country Analysis
6.1 North America Drilling Fluids Market: Country Overview
6.1.1 North America drilling fluids market revenue share, by country, 2012 & 2019
6.2 U.S.
6.2.1 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.2.2 U.S. drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
6.2.3 U.S .drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
6.3 Canada
6.3.1 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.3.2 Canada drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD
Million)
6.3.3 Canada drilling fluids market estimates and forecast, by application, 2012 - 2019 (USD Million)
6.4 Mexico
6.4.1 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.4.2 Mexico drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD
Million)
6.4.3 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
Chapter 7 Company Profiles
7.1 Schlumberger Technology Corporation
7.1.1 Company overview
7.1.2 Financial overview
7.1.3 Business strategies
7.1.4 SWOT analysis
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7.1.5 Recent developments
7.2 Halliburton Company
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategies
7.2.4 SWOT analysis
7.2.5 Recent developments
7.3 Baker Hughes Incorporated
7.3.1 Company overview
7.3.2 Financial overview
7.3.3 Business strategies
7.3.4 SWOT analysis
7.3.5 Recent developments
7.4 Newpark Resources Inc.
7.4.1 Company overview
7.4.2 Financial overview
7.4.3 Business strategies
7.4.4 SWOT analysis
7.4.5 Recent developments
7.5 Weatherford International Ltd.
7.5.1 Company overview
7.5.2 Financial overview
7.5.3 Business strategies
7.5.4 SWOT analysis
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7.5.5 Recent developments
7.6 Canadian Energy Services & Technology Corp.
7.6.1 Company overview
7.6.2 Financial overview
7.6.3 Business strategies
7.6.4 SWOT analysis
7.6.5 Recent developments
7.7 China Oilfield Services Limited
7.7.1 Company overview
7.7.2 Financial overview
7.7.3 Business strategies
7.7.4 SWOT analysis
7.8 Anchor Drilling Fluids USA Inc.
7.8.1 Company overview
7.8.2 Business strategies
7.8.3 SWOT analysis
7.8.4 Recent developments
7.9 National Oilwell Varco
7.9.1 Company overview
7.9.2 Financial overview
7.9.3 Business strategies
7.9.4 SWOT analysis
List of Figures
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North America Drilling Fluids
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FIG. 1 North America Drilling fluids: Market segmentation
FIG. 2 North America drilling fluids market estimates and forecast, 2012 - 2019 (USD million)
FIG. 3 Value chain analysis
FIG. 4 U.S oil and gas rig counts, 2009 - 2012
FIG. 5 Global rig count share, by geographic region, 2012
FIG. 6 Global offshore drilling expenditure, 2008 - 2012 (USD billion)
FIG. 7 Top ten countries with technically recoverable shale gas resources, 2012 (trillion cubic feet)
FIG. 8 Annual Barnett shale natural gas production share, by well type, 2008 - 2012
FIG. 9 Porter’s five forces analysis
FIG. 10 North America Drilling fluids: Market attractiveness analysis
FIG. 11 North America Drillings Fluids: Company market share analysis, 2012
FIG. 12 North America drilling fluids market revenue share by product, 2012 and 2019
FIG. 13 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million)
FIG. 14 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD Million)
FIG. 15 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million)
FIG. 16 North America drilling fluids market revenue share by application, 2012 and 2019
FIG. 17 North America demand for drilling fluids from offshore oil and gas, 2012 – 2019 (USD Million)
FIG. 18 North America demand for drilling fluids from onshore oil and gas, 2012 – 2019 (USD Million)
FIG. 19 North America drilling fluids market revenue share, by country, 2012 & 2019
FIG. 20 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
FIG. 21 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
FIG. 22 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
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List of Tables
TABLE 1 North America drilling fluids market snapshot
TABLE 2 Comparative analysis between various types of drilling fluids
TABLE 3 Typical composition of water based fluids
TABLE 4 Typical composition of oil based drilling fluids
TABLE 5 Drivers for drilling fluids market: Impact analysis
TABLE 6 Restraints of drilling fluids market: Impact analysis
TABLE 7 Toxicity grades of drilling fluids
TABLE 8 U.S. drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 9 U.S. drilling fluids market estimates and forecast, by application 2012-2019 (USD Million)
TABLE 10 Canada drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 11 Canada drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
TABLE 12 Mexico drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 13 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business
information reports and services. Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts,
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North America Drilling Fluids
Market
Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and
analyze information
Our data repository is continuously updated and revised by a team of research experts, so that it always
reflects the latest trends and information. With a broad research and analysis capability, Transparency
Market Research employs rigorous primary and secondary research techniques in developing distinctive
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According to the research report, the North America drilling fluids market was valued at US$4.3 bn in 2012 and is expected to reach US$7.2 bn by the end of 2019, growing at a CAGR of 7.50% from 2013 to 2019. The robust growth rate of the North America drilling fluids market can be credited to the escalating drilling activities that are leaning towards exploring and developing deep sea reserves with horizontal drilling. In-depth research report on North America Drilling Fluids Market with Full TOC at : http://www.transparencymarketresearch.com/north-america-drilling-fluids-market.html In the coming years, this market is expected to take a big step as companies are focusing on developing alternative energy resources such as coal bed methane, shale oil/gas, and others. However, this market faces some tough challenges such as growing environmental concern towards excessive usage of drilling fluids and their disposal, which leads to dangerous contamination.