Drilling Waste Management Market Growth Analysis | 2023-2028

Market Insights

The drilling waste management market was estimated at USD 4.4 billion in 2022 and is likely to grow at a CAGR of 6.09% during 2023-2028 to reach USD 6.29 billion in 2028.

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The major factors driving the drilling waste management market are technological developments enhancing the drilling and production capability, which is helping in exploration and production activities in deep-water and ultra-deep-water areas across the globe.

What is drilling waste management?

Drilling waste management is a process in which the drill cuttings are separated from drilling fluids on the surface by solids equipment and some quantity of unrecoverable drilling fluids. These are the major sources of drilling waste.

Drilling waste management contaminates the drilling fluids for successful drilling operations. It removes solid control equipment that is often reported as drill solids.

Segment Analysis

By Service Type

Based on the service type, the drilling waste management market is segmented as treatment & disposal, containment & handling, and solids control. The treatment & disposal segment dominates the market owing to onsite burials (pits and landfills), land-farming, land-spreading, bioremediation, thermal treatment, and slurry injection techniques. The segment is estimated to lead the market during the forecast period due to increasingly 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.

By Application Type

Based on the application type, the market is segmented as onshore and offshore. The onshore segment holds a major share of the market, whereas the offshore application segment is estimated to show higher growth during the forecast period. The onshore application 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 led to the “shale revolution.” Onshore applications have a wider range of management, which includes land, underground injection, thermal treatment, and biological remediation in comparison to the offshore application segment.

Regional Insights

In terms of regions, North America is estimated to lead the market during the forecast period. The region holds over 50% of the share of the market. The market has been hit the hardest as crude oil prices suddenly plummeted. North America and the Middle East portray an increase in energy demand which boosts oil & gas production. All these factors are contributing to the growth of the market during the forecast period.

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Market Segmentation

This report 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. 

The market is segmented into the following categories. 

By Service Type

• Treatment & Control
• Solids Control
• Containment & Handling

By Application Type

• Onshore
• Offshore

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the market are-

• Augean PLC
• Baker Hughes Incorporated
• Derrick Equipment Company
• Halliburton Company
• Hebei Gn Solids Control Co. Ltd.
• Imdex Limited
• Schlumberger Limited
• Secure Energy Services, Inc.
• Tervita Corporation
• Twma Ltd.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 800 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the service types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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