Drilling Fluids Market Analysis By Product (OBF, SBF, WBF) By Application (Offshore, Onshore) And Segment Forecasts To 2020

Published: Apr, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global market for drilling fluids is expected to reach USD 14.92 billion by 2020. Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.

Water based fluids (WBF) were the most consumed drilling fluids around the world and accounted for 56% of the total market revenue in 2013. WBFs are also expected to be the fastest growing drilling fluid products, at an estimated CAGR of 8.8% from 2014 to 2020. WBFs were followed by oil-based fluids (OBF) which accounted for just over 30% of the total market for the same year. However, the growing environmental concerns regarding the use of OBFs in drilling activities is expected to hamper its market growth over the forecast period.

Further key findings from the study suggest:

The global market for drilling fluids was estimated to be USD 8.16 billion in 2013, and is expected to grow at a CAGR of 8.2% from 2014 to 2020.
North America continued its dominance in the global market and accounted for 55.5% of total market revenue in 2013. However, increasing drilling activities in Latin America and Asia Pacific is expected to boost the demand for drilling fluids in these two regions over the next six years. The demand for drilling fluids in Central and South America is expected to grow at an estimated CAGR of 10.3% from 2014 to 2020.
Drilling fluids are majorly used for onshore oil & gas drilling owing to large number of onshore oil and gas reserves around the world. Onshore oil & gas accounted for 71.6% of total market revenue in 2013. Increasing deep sea drilling activities in Gulf of Mexico, Brazil offshore and West Africa is expected to boost the demand for drilling fluids in offshore applications.
The global market for drilling fluids is highly concentrated as top four companies including Schlumberger, Halliburton, Baker Hughes and Newpark accounted for over 70% of the total market in 2013. Weatherford International, Tetra Tech, Canadian Energy Services, China Oilfield and Anchor Drilling were amongst other significant market participants.
For the purpose of this study, Grand View Research has segmented the global drilling fluids market on the basis of product, application and region:

Global Drilling Fluids Product Outlook (Revenue, USD Million, 2012 - 2020)
Oil-Based Fluids (OBF)
Water-Based Fluids (WBF)
Synthetics-Based Fluids (SBF)
Global Drilling Fluids Application Outlook (Revenue, USD Million, 2012 - 2020)
Onshore
Offshore
Drilling Fluids Regional Outlook (Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
Middle East & Africa
Central & South America

 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

                    2.4.1 Market driver analysis

                        2.4.1.1 Increasing global drilling activities

                        2.4.1.2 Shift towards developing unconventional gases

                        2.4.1.3 Increasing use of horizontal drilling techniques

                    2.4.2 Market restraint analysis

                        2.4.2.1 Stringent environmental regulations

                        2.4.2.2. Political unrest in natural resource rich countries                                         

                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)

                    3.1.1. Global oil-based drilling fluids market revenue, 2012-2020, (USD million)

                3.2 Water-Based Fluids (WBF)

                    3.2.1 Global water-based drilling fluids market revenue, 2012-2020, (USD million))

                3.3 Synthetics-Based Fluids

                    3.3.1 Global synthetics-based drilling fluids market revenue, 2012-2020, (USD million)

Chapter 4 Drilling Fluids Application Outlook                                                     

                4.1 Onshore Oil & Gas

                    4.1.1 Global drilling fluids market revenue from onshore oil & gas, 2012-2020, (USD million)

                4.2 Offshore Oil & Gas

                    4.2.1 Global drilling fluids market revenue from onshore oil & gas, 2012-2020, (USD million)

Chapter 5 Drilling Fluids Regional Outlook

                5.1 North America

                    5.1.1 North America drilling fluids market revenue, 2012-2020, (USD million)

                    5.1.2 North America drilling fluids market revenue by product, 2012-2020, (USD million)

                    5.1.3 North America drilling fluids market revenue by application, 2012-2020, (USD million)

                5.2 Europe

                    5.2.1 Europe drilling fluids market revenue, 2012-2020, (USD million)

                    5.2.2 Europe drilling fluids market revenue by product, 2012-2020, (USD million)

                    5.2.3 Europe drilling fluids market revenue by application, 2012-2020, (USD million)

                5.3 Asia Pacific

                    5.3.1 Asia Pacific drilling fluids market revenue, 2012-2020, (USD million)

                    5.3.2 Asia Pacific drilling fluids market revenue by product, 2012-2020, (USD million)

                    5.3.3 Asia Pacific drilling fluids market revenue by application, 2012-2020, (USD million)

                5.4 Middle East & Africa

                    5.4.1 Middle East & Africa drilling fluids market revenue, 2012-2020, (USD million)

                    5.4.2 Middle East & Africa drilling fluids market revenue by product, 2012-2020, (USD million))

                    5.4.3 Middle East & Africa drilling fluids market revenue by application, 2012-2020, (USD million)

                5.5 Central & South America

                    5.5.1 Central & South America drilling fluids market revenue, 2012-2020, (USD million)

                    5.5.2 Central & South America drilling fluids market revenue by product, 2012-2020, (USD million))

                    5.5.3 Central & South America drilling fluids market revenue by application, 2012-2020, (USD million)

Chapter 6  Drilling Fluids Competitive Landscape

               6.1 Anchor Drilling Fluids USA Inc.

                    6.1.1 Company Overview

                    6.1.2 Financial Performance

                    6.1.3 Product Benchmarking

                    6.1.4 Strategic Initiatives

               6.2 Baker Hughes

                    6.2.1 Company Overview

                    6.2.2 Financial Performance

                    6.2.3 Product Benchmarking

                    6.2.4 Strategic Initiatives

               6.3 Canadian Energy Services & Technology Corp

                    6.3.1 Company Overview

                    6.3.2 Financial Performance

                    6.3.3 Product Benchmarking

                    6.3.4 Strategic Initiatives

               6.4 China Oilfield Services Limited

                    6.4.1 Company Overview

                    6.4.2 Financial Performance

                    6.4.3 Product Benchmarking

                    6.4.4 Strategic Initiatives

               6.5 Global Drilling Fluids & Chemicals Ltd.

                    6.5.1 Company Overview

                    6.5.2 Financial Performance

                    6.5.3 Product Benchmarking

                    6.5.4 Strategic Initiatives

               6.6 Halliburton Company

                    6.6.1 Company Overview

                    6.6.2 Financial Performance

                    6.6.3 Product Benchmarking

                    6.6.4 Strategic Initiatives

               6.7 M-I Swaco

                    6.7.1 Company Overview

                    6.7.2 Financial Performance

                    6.7.3 Product Benchmarking

                    6.7.4 Strategic Initiatives

               6.8 National Oilwell Varco Inc.

                    6.8.1 Company Overview

                    6.8.2 Financial Performance

                    6.8.3 Product Benchmarking

                    6.8.4 Strategic Initiatives

               6.9 Newpark Resources Inc.

                    6.9.1 Company Overview

                    6.9.2 Financial Performance

                    6.9.3 Product Benchmarking

                    6.9.4 Strategic Initiatives

               6.10 Scomi Group Bhd

                    6.10.1 Company Overview

                    6.10.2 Financial Performance

                    6.10.3 Product Benchmarking

                    6.10.4 Strategic Initiatives

               6.11 Schlumberger Technology Corporation

                    6.11.1 Company Overview

                    6.11.2 Financial Performance

                    6.11.3 Product Benchmarking

                    6.11.4 Strategic Initiatives

               6.12 Weatherford International

                    6.12.1 Company Overview

                    6.12.2 Financial Performance

                    6.12.3 Product Benchmarking

                    6.12.4 Strategic Initiatives                                    

Chapter 7 Methodology & Scope                                      

               7.1 Research Methodology                                       

               7.2 Research Scope & Assumptions                                     

               7.3 List of Data Sources                                            


List of Tables


Drilling Fluids - Industry Summary & Critical Success Factors (CSFs)
Global drilling fluids market revenue, 2012 - 2020
Drilling fluids - Key driver analysis
Drilling fluids - Key restraint analysis
Global oil based drilling fluids market revenue estimates and forecast, 2012-2020
Global oil based drilling fluids market revenue estimates and forecast by region, , 2012-2020
Global water based drilling fluids market revenue estimates and forecast, 2012-2020
Global water based drilling fluids market revenue estimates and forecast by region, 2012-2020
Global synthetics based drilling fluids market revenue estimates and forecast, 2012-2020
Global synthetics based drilling fluids market revenue estimates and forecast by region, 2012-2020
Global drilling fluids market revenue estimates and forecast from onshore oil & gas, 2012-2020
Global drilling fluids market revenue estimates and forecast from onshore oil & gas, by region, 2012-2020
Global drilling fluids market revenue estimates and forecast from offshore oil & gas, 2012-2020
Global drilling fluids market revenue estimates and forecast from offshore oil & gas, by region, 2012-2020          
North America drilling fluids market revenue, by product, 2012 - 2020 (USD Million)         
North America drilling fluids market revenue, by application, 2012 - 2020 (USD Million)
Europe drilling fluids market revenue, by product, 2012 - 2020 (USD Million)       
Europe drilling fluids market revenue, by application, 2012 - 2020 (USD Million)  
Asia Pacific drilling fluids market revenue, by product, 2012 - 2020 (USD Million)
Asia Pacific drilling fluids market revenue, by application, 2012 - 2020 (USD Million)
Middle East & Africa drilling fluids market revenue, by product, 2012 - 2020 (USD Million)
Middle East & Africa drilling fluids market revenue, by application, 2012 - 2020 (USD Million)      
Central & South America drilling fluids market revenue, by product, 2012 - 2020 (USD Million)
Central & South America drilling fluids market revenue, by application, 2012 - 2020 (USD Million)

List of Figures

Drilling fluids market segmentation
Global drilling fluids market revenue estimates and forecast, 2012 - 2020 (USD million)
Drilling fluids - Value chain analysis
Drilling fluids - Market dynamics
Drilling fluids - Company market share analysis, 2013
Key opportunities prioritized
Industry analysis - Porter's
Drilling fluids PESTEL analysis, 2013
Global drilling fluids market revenue share, by product, 2013 & 2020
Global oil based drilling fluids revenue estimates and forecast, 2012-2020
Global water based drilling fluids revenue estimates and forecast, 2012-2020
Global synthetics based drilling fluids revenue estimates and forecast, 2012-2020
Global drilling fluids market revenue share, by application, 2013 & 2020
Global drilling fluids demand from onshore oil & gas, (revenue), 2012-2020
Global drilling fluids demand from offshore oil & gas, (revenue), 2012-2020
Global drilling fluids market revenue share, by region, 2013 & 2020
North America drilling fluids market revenue estimates and forecast, 2012-2020, (USD million)     
Europe drilling fluids market revenue estimates and forecast, 2012-2020, (USD million)
Asia Pacific drilling fluids market revenue estimates and forecast, 2012-2020, (USD million)
Middle East & Africa drilling fluids market revenue estimates and forecast, 2012-2020, (USD million)
Central & South America drilling fluids market revenue estimates and forecast, 2012-2020, (USD million)