Global Drilling Chemicals Market Overview:
Drilling Chemicals are used in drilling boreholes. It has wide applications in the drilling of oil and natural gas as well as water. These chemicals come in the form of liquid drilling fluid popularly. This helps reduce drilling time, maintain complete environmental compliance with innovative fluids technologies and services. It also maintains complete environmental compliance and maximizes efficiency with innovative drilling fluids. Some of the key players profiled in the study are Weatherford International (United States), Anchor Drilling Fluids USA, LLC (United States), China Oilfield Services Limited (China), Baker Hughes, Inc. (United States), Catalyst LLC (United States), Halliburton, Inc. (United States), Schlumberger Limited (United States), Petrochem Performance Chemicals Ltd. LLC (United Arab Emirates), Flotek Industries, Inc. (United States) and Scomi Group Berhad (Malaysia).
On the basis of geography, the market of Drilling Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Chemicals, the sub-segment i.e. Dispersants & Deflocculants will boost the Drilling Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Base Metals, Precious Metals
- Increasing Urbanization and Industrialization in Developing Countries
- Increase Demand from Oil & Gas and Construction Industry
- Strong Opportunities in China Region, Due To Increase Presence of Oil & Gas Industry
Major Market Developments:
Oil and Gas Industry, Manufactures, End Users and Others
In This Market Major Players Are Focusing On Adopting Organic And Inorganic Growth Strategies. Which Includes Merger & Acquisition, Product Expansion, and Global Reach Enhancement
Major Objectives Focused through this Study
To define, describe, and forecast the Global Drilling Chemicals market on the basis of product [Oil Based Mud Additives (OBM), Drilling Polymers, Clay and Shale Stabilizers, Thinners and Defoamers] , application [Production Chemicals, Cementing, Workover and Completion and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Drilling Chemicals market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Drilling Chemicals industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Newpark Resources, Inc. (United States), TETRA Technologies, Inc. (United States) and National Oilwell Varco (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Drilling Chemicals market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.