Drilling Fluids Market Size, Analysis, Competitive Landscape, And
Segment Forecasts, 2014-2025
“The global Drilling Fluids Market is expected to reach USD 10.01 billion by
2025, according to a new report by Research, Inc. Increasing upstream
spending to sustain oil production targets is anticipated to drive oil & gas
industry drilling activities over the forecast period.”
The global Drilling Fluids Market is expected to reach USD 10.01 billion by 2025, according to a new report by
Research, Inc. Increasing upstream spending to sustain oil production targets is anticipated to drive oil & gas
industry drilling activities over the forecast period. Technological advancements to modify the fluid rheology
for efficient extraction in different formations have created lucrative avenues for industry participants.
Increased maintenance costs and environmental risks associated with offshore locations, have urged
companies to deploy drill mud for cost-efficient E&P activities. Growing demand for increasing production
rates, efficiency and mitigating gas related capital expenditures is expected to drive drilling fluids demand in
offshore activity, over the long term. Growing number of ongoing projects in the Middle East and Africa
including, Maydan Mahzam and Bul Hanine fields are projected to drive product demand over the next nine
years.
WBF emerged as a leading drilling fluid product segment covering 50.4% market revenue share in 2016. The
OBF segment is expected to lose share over the forecast period and account for 26% of the total industry
value by 2025
Browse Detail Report With TOC @ https://www.hexareports.com/report/drilling-fluids-market
Follow Us: