The global drilling fluids market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The drilling fluids market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
The development of the oil & gas industry has resulted in increase in drilling activities, which, in turn, has significantly contributed toward the growth of the drilling fluids market. Drilling requires high temperature and high-pressure conditions. Horizontal and deeper wells face a range of drilling, constancy, pressure, and other issues that require high volume of drilling fluids for offshore and onshore oil & gas applications, such as oil-based fluids, water-based fluids, non-aqueous fluids, and synthetic fluids. This is expected to boost the demand for drilling fluids.
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The water-base drilling fluid is easy to manage and requires minimal dilution for HTHP environments, thus maximizing drilling efficiency. Additionally, water-base drilling fluid is cost-effective as compared to other drilling fluids. Furthermore, it can be easily converted from a low to a high temperature system with no rheology increase or loss of other properties.
The global drilling fluids market is analyzed on the basis of type, application, end user, and region. Based on type, the market is divided into Water-based fluid, Non-aqueous fluid, Pneumatic fluid and others. By application, the report categorizes the market into Onshore, Offshore and others. By end user, the market is classified into Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The region across North America is classified into the U.S, Canada, and Mexico. Europe includes countries such as Germany, the UK, France, Italy, Spain, and rest of Europe. At the same time, Asia-Pacific covers countries such as Japan, China, South Korea, India, and rest of Asia-Pacific. Finally, LAMEA is segmented into Latin America, the Middle East, and Africa
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The drilling fluids market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the drilling fluids market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the drilling fluids market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the drilling fluids market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the drilling fluids market
- Post-sales support and free customization
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