Drilling and Completion Fluids Market to experience a healthy CAGR of 6.1%
February 18, 2020
Drilling & Completion Fluids Market Overview:
Drilling and Completion Fluids Market is likely to witness an impressive CAGR of 6.1% during the forecast period. The upsurge in shell gas exploration and the growth in onshore and offshore drilling activities are the factors driving the drilling and completion fluids market globally.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/728/drilling-and-completion-fluids-market.html
Drilling & Completion Fluids Market Segment Insights:
Onshore Applications: The growth engine
Based on the application type, the market is segmented as onshore and offshore. The onshore application segment is estimated to lead the market during the forecast period. Majority of oil & gas wells are present onshore; further, the number of wells drilled onshore is larger than the number of wells drilled offshore.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/728/drilling-and-completion-fluids-market.html
Dominance of: Water-based fluid system
Based on the fluid system type, the market is segmented as water-based, oil-based, synthetic-based, and others. The water-based fluid system segment is expected to lead the market during the forecast period. Water-based fluid systems are cost-effective than the non-aqueous-based fluids and they find application in both onshore and offshore platforms.
A highly/moderately/fragment consolidated Market
Some of the major players in the drilling and completion fluids market are Halliburton Company, Schlumberger Limited, Newpark Resources Inc., Tetra Technologies Inc., National Oilwell Varco Corporation, Secure Energy Services Inc., Weatherford International, Sagemines, Scomi Group Berhad, and Global Drilling and Chemicals.
Regional Hegemony of North America
North America is expected to be the largest market for drilling and completion fluids during the forecast period. Increasing demand for oil and gas along with the increasing drilling activities and surge in exploration of shale gas reserves are the major factors behind the dominance of North America. Europe and Asia-Pacific are the other major markets and are expected to witness substantial growth during the forecast period.
Click here for other high value market reports from Stratview Research in the Oil & Gas Market: https://www.stratviewresearch.com/market-reports/Oil-Gas.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176