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    Drilling And Completion Fluids Market | Covid-19 Impact Analysis

    Drilling And Completion Fluids Market | Covid-19 Impact Analysis

    Drilling And Completion Fluids Market | Covid-19 Impact Analysis
    Report code - SROG118 Delivery - 2 Weeks
    Drilling and Completion Fluids Market Size, Share, Trend, Forecast, & Competitive Anal See more...
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    Impact of COVID-19 on Drilling And Completion Fluids Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Drilling And Completion Fluids Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Drilling and Completion Fluids Market Insights

    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.

    Drilling and Completion Fluids Market - Snapshot

    Growth

    6.1% for the next five years

    Major Application Type

    Onshore application

    Major Fluid System Type

    Water-based fluid system

    Dominant Well Type

    HPHT wells

    Region with the highest demand

    North America

    Key Players

    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.

     

    Market Share Analysis

    Drilling-and-Completion-Fluids-Market-Dominant-Segments

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    Drilling and Completion Fluids Market Share: By Application Type

    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.

    Drilling and Completion Fluids Market Share: By Fluid System Type

    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.

    Drilling and Completion Fluids Market Share: By Well Type

    Based on the well type, the market is segmented as HPHT wells and conventional wells. The HPHT wells are anticipated to be the faster-growing segment during the forecast period. Most of the conventional wells are now matured, leading to increasing need for drilling of HPHT wells to meet the growing demand for hydrocarbons.

    Drilling and Completion Fluids Market Share: By Region

    In terms of regions, 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.

    Drilling-and-Completion-Fluids-Market-By-Region

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    Drilling and Completion Fluids Market: Key Players

    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
    • Global Drilling and Chemicals.

     

    Market Scope & segmentation

    Drilling and completion fluids are used in completion operations for oil and gas wells. These are free from solid particles and other things that can become a hindrance in the process.

    Drilling and completion fluids are used in HPHT wells as well as the conventional wells. Water-based, oil-based. Synthetic-based, and others are some of the drilling and completion fluid system types.

    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 and Completion Fluids Market Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    The drilling and completion fluids market is segmented into the following categories. 

    Drilling and Completion Fluids 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 and Completion Fluids Market Size, Share, & Forecast, by Fluid System Type:

    • Water-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Synthetic-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Drilling and Completion Fluids Market Size, Share, & Forecast, by Well Type:

    • HPHT Wells (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Conventional Wells (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Drilling and Completion Fluids 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)

    Drilling-and-Completion-Fluids-Market-Segmentation

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    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 1,000 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 application type by fluid system types.  

    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 are Drilling and Completion Fluids?

    Drilling and completion fluids are used in completion operations for oil and gas wells. These are free from solid particles and other things that can become a hindrance to the process. Drilling and completion fluids are used in HPHT wells as well as the conventional wells. Water-based, oil-based. Synthetic-based, and others are some of the drilling and completion fluid system types.

    What will be the CAGR of the Drilling and Completion Fluids Market?

    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.

    Which country/region is expected to remain the largest Drilling and Completion Fluids Market?

    In terms of regions, North America is expected to be the largest market for drilling and completion fluids during the forecast period.

    Who are the key players in the Drilling and Completion Fluids 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.

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