Energy and Power Drilling Waste Management Market | Page 2

In the drilling waste management market by application, onshore occupies the lions share
and offshore is expected to grow at the highest pace.
The drilling waste management market is subsegmented by application into onshore and
offshore. The onshore application segment occupies the major share of the market and the
offshore application segment is estimated to see high growth rate during the forecast period. The
onshore application segment of drilling waste management is led by North America, particularly
the U.S., which has witnessed historic levels of domestic crude oil production owing to the
widespread use of technologies such as horizontal drilling and hydraulic fracturing that enabled
the “shale revolution.”
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Treatment & disposal services are estimated to drive the drilling waste management
market with the highest growth rate.
On the basis of services, the following are the subsegments, namely, treatment & disposal, solids
control, and containment & handling. Out of the mentioned, treatment & disposal occupies the
major share, which is due to the onsite burial (pits and landfills), land-farming, land-spreading,
bioremediation, thermal treatment, and slurry injection techniques. The market for treatment &
disposal service would be particularly driven by North America and Europe, due to growing
stringent regulations, such as zero-discharge standards, which mandate treatment and reuse of
all waste without being discharged to the environment, specifically into the sea.
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North America is estimated to be the global leader in the drilling waste management
market by value for the next 5 years.
The North American region has been categorized on the basis of countries into the U .S., Canada,
and Mexico. The region accounts for more than half of the market. The market has been hit the
hardest due to the meltdown in global crude oil prices, with the U.S. drilling rig count declining
nearly 60%, from January 2015 to January 2016. The primary reason for this is the higher break-
even costs in shale drilling and production, forcing producers to idle more rigs in face of lower
prices compared with drillers in other regions with lower production costs, such as the Middle
East.
This study estimates the global market of drilling waste management, in terms of USD, till 2020. It
also offers a detailed qualitative and quantitative analysis of this market. This report provides a