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    Drilling Waste Management Market Size, Share & Forecast.

    Drilling Waste Management Market Size, Share & Forecast.
    Report code - SROG111 Delivery - 2 Weeks
    Drilling Waste Management Market Size, Share, Trend, Forecast, & Industry Analysis.
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    Drilling Waste Management Market is likely to witness an impressive CAGR of 6.1% during the forecast period. 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 the deep-water and ultra-deep-water areas across the globe.

    Drilling Waste Management Market - Snapshot

    Growth

    6.1% for the next five years

    Major Application Type

    Onshore

    Dominant Service Type

    Treatment & Disposable Services

    Region with the highest demand

    North America

    Key Players

    Kosun (China), TWMA (U.K.), Ridgeline Energy Services (Canada), and Soli-Bond, Inc. (U.S.).

     

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    Drilling Waste Management Market Share: 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 increasing 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.

    Drilling Waste Management Market Share: 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 a higher growth during the forecast period. The onshore application is led by North America, particularly the U.S., which has witnessed the 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 wider range of management, which includes land, underground injection, thermal treatment, and biological remediation in comparison to the offshore application segment.

    Drilling Waste Management Market Share: By Region

    In terms of regions, North America is estimated to lead the drilling waste management 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.  

    Some of the major players in the drilling waste management 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, and Twma Ltd.

     

    Market Scope & Segmentation

    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 the successful drilling operation. It removes solid control equipment that is often reported as drill solids.

    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.

    Drilling Waste Management Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The drilling waste management market is segmented into the following categories. 

    Drilling Waste Management Market Size, Share, & Forecast, by Service Type:

    • Treatment & Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Solids Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Containment & Handling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Drilling Waste Management Market Size, Share, & Forecast, by Application Type:

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Drilling Waste Management Market Size, Share, & Forecast, by Region:

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

     

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.

     

    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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    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

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    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 operation. It removes solid control equipment that are often reported as drill solids.

    What will be the CAGR of the Drilling Waste Management Market?

    Drilling Waste Management Market is likely to witness an impressive CAGR of 6.1% during the forecast period. 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 the deep-water and ultra-deep-water areas across the globe.

    Which country/region is expected to remain the largest Drilling Waste Management Market?

    In terms of regions, North America is estimated to lead the drilling waste management market during the forecast period. The region holds over 50% of the share of the market.

    Who are the key players in the Drilling Waste Management Market?

    Some of the major players in the drilling waste management 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, and Twma Ltd.

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