Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023
|出版日||ページ情報||英文 136 Pages
|掘削・仕上げ流体の世界市場の予測 ～2023年：陸上掘削・海洋掘削・水性流体・油性流体・合成流体 Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023|
|出版日: 2018年05月10日||ページ情報: 英文 136 Pages||
世界の掘削・仕上げ流体の市場は予測期間中5.82%のCAGR (年間複合成長率) で推移し、2018年の92億2000万米ドルから、2023年には127億6000万米ドルの規模に成長すると予測されています。石油・ガスの探査・掘削活動の増加、シェールガス探査の増加などの要因が同市場の成長を推進しています。
"The drilling & completion fluids market is projected to grow at a CAGR of 5.82% from 2018 to 2023."
The global drilling & completion fluids market is estimated at USD 9.62 billion in 2018 and is projected to grow at a CAGR of 5.82% during the forecast period, to reach USD 12.76 billion by 2023. The increase in drilling and exploration for oil and gas is driving the drilling and completion fluids market. The rise in the exploration of shale gas is another key factor driving the growth of the market. On the other hand, the major restraint for the drilling & completion fluids market is the environmental impact and stringent environmental regulations.
Water-based fluids are preferred due to their technical properties, such as higher heat capacity, better flow rate, and low viscosity among others. The economic advantage is also significant as the water-based fluids are easily available. The advancements in technology have enabled the use of water-based fluids in challenging high-pressure high-temperature environment during deep and ultra-deepwater drilling activities. Also, as water-based fluids have less toxic chemicals, the regulations for water-based fluids are not very stringent. Thus, water-based fluids have a major share in drilling and completion fluids market during the forecast period.
The abundance of shale reserves in North America has led to a considerable increase in drilling activity. The North American region has a large number of offshore reserves, which are currently being explored. The North American drilling and completion fluids market is driven by the growth in drilling activities for oil and gas reserves. The offshore exploration activities in the Gulf of Mexico are on the rise, which has prompted the expansion of companies in the region. The government has imposed stringent regulations for the prevention of the degradation of the environment.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: Others includes sales managers, product managers, and design engineers.
The tier of the company has been defined on the basis of its total revenue, as of 2017: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million.
Some of the prominent players in the drilling & completion fluids market are: BHGE (US), Halliburton (US), Schlumberger (US), Weatherford (US), and Newpark Resources (US).
The report defines, describes, and forecasts the global drilling & completion fluids market on the basis of fluid systems, application, well type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.