Drilling and Completion Fluids Market Rises With Rise In Oil And Shale Industry - IndustryARC Analysis

Hyderabad, India, March 23, 2017 -- The report “Drilling and Completion Fluids Market: By Fluid Type (Water-Based, Oil-Based, Synthetic-Based and Others), By Application (Onshore and Offshore) & By Geography - Forecast (2017-2022)”, published by IndustryARC, estimates that owing to the higher onshore projects coming up in these regions, the market is set to experience a steep rise specifically in countries such as U.S. and Canada.

Browse numerous Market Tables and Figures spread through 147 Pages and an in-depth TOC on “Drilling and Completion Fluids Market 2017 – 2022”
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Scope & Regional Forecast of the Drilling and Completion Fluids Market:

Drilling and completion fluids are essential consumables for conducting any drilling and exploration activities. They are used to avoid friction, provide lubrication, cool the wellbore, and transport rock cuttings to the surface. Every drilling activity requires drilling and completion fluids and they are used extensively across the globe. The key factors owing to the growth of this industry are the increasing demand from energy sector which is creating thrust for drilling deeper to extract more oil. These fluids are critical for any drilling and exploration activity carried out onshore or offshore. They are used extensively on a global scale at drilling sites for cooling the wellbore, removing the rock cuttings, and transporting them to the surface.

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The ever-increasing energy demand and growing population are compelling operators to drill as deep as possible and in challenging geological conditions. The shale boom in North America and other regions has fueled the growth of drilling and completion fluids. The largest application area for drilling and completion fluids is the onshore application, as most of the drilling activities are carried out onshore. The major countries for the drilling and completion fluids market are the U.S. and Canada.

Innovation becomes the key driver for the growth of this industry. The only restraint experienced by the industry is the environmental regulation for the usage of volatile organic compounds (VOC). R&D continues to enhance the usage of harmless chemicals for producing additives in this field.

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Prominent Segmentations Involved in the Drilling and Completion Fluids Market:

• Fluid Type: Water-Based, Oil-Based, Synthetic-Based, Gas Based and Others.
  
• Application: Onshore, Offshore.
  
• Geographic Regions: North America, Europe, APAC and ROW.
  

Some of the sample companies profiled in the Drilling and Completion Fluids Market report are as follows:

• Minerals Technologies Inc. 
  
• NALCO Holding Company 
  
• Quat-chem Ltd.
  
• Ashland Inc
• BASF SE 
  
• Caradan chemicals 
  
• Cargill, Inc. Croda International PLC 
  
• Dow Chemical Company 
• E. I. du Pont de Nemours and Company 
  
• Secure Energy Services Inc.
  
• Stepan Company 
  
• Tetra Technologies Inc.
  

Why buy this report?

• Get a detailed picture of the Drilling and Completion Fluids Market.
  
• Pinpoint growth sectors and identify factors driving change.
  
• Understand the competitive environment, the market’s major players and leading brands.
  
• A five-year forecast method is used in order to assess how the market is predicted to develop.
  

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