Deep Water Drilling to Catalyze the Global Drilling Fluids Market

Deep Water Drilling to Catalyze the Global Drilling Fluids Market

  • Submitted By: john55364
  • Date Submitted: 05/13/2015 12:30 AM
  • Category: Business
  • Words: 2127
  • Page: 9

Transparency Market

Drilling Fluids Market for Oil and Gas - Global Industry Analysis, Size
Share, Growth, Trends and Forecast, 2012 - 2018

Published Date

79 Page Report

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Press Release

Global Drilling Fluids Market is Expected to Reach USD 12.31
Billion in 2018
Transparency Market Research
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Drilling Fluids Market


According to a new market report published by Transparency Market Research, the global market for drilling fluids was
valued at USD 7.20 billion in 2011 and is expected to reach USD 12.31 billion by 2018, growing at a CAGR of 8% from
2012 to 2018.

Depleting onshore reserves have prompted the industry to shift focus towards developing deep sea reserves, which
increases the overall cost of wells and in turn generates more revenue for drilling fluid manufacturers. This trend is
expected to drive the global demand for drilling fluids over the forecast period. Increasing exploration of shale gas, coal
bed methane (CBM) and other unconventional resources promotes the use of horizontal drilling, which is also expected to
boost market revenue for drilling fluids. However, growing environmental concerns regarding the use and disposal of
drilling fluids coupled with geopolitical issues in key oil producers in the Middle East is expected to hinder the market
growth over the forecast period.

Browse the full Drilling Fluids Market report at

The successful implementation of nanotechnology in various industries has prompted industry participants to apply
nanotechnology in the oil and gas industry. Major companies such as MI-SWACO, Newpark Drilling Fluids, and
Halliburton among others, have been investing heavilyin developing drilling...

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