Drill pipe market to witness high growth due to rising development of enhanced drilling techniques with better productivity by 2025: grand view research, inc. In the first phase, the water-based fluids segment is expected to have a slower growth rate mainly due to the low crude oil and ancillary industry prices due to this factor, the market will. The global drilling waste management market is expected to cross usd 713 billion by 2025 and is expected to reach at a cagr of 657% in the forecast period due to rise in environmental concern toward effective drilling waste management.
The market is witnessing growth due to the increasing consumption of bromine in mercury mitigation in coal fired power plants and escalating demand for flame retardants due to strict fire safety regulations. Positive growth indicators in the oil & gas industry across the globe is analyzed to be the prime factor propelling the clear brine fluids market size over the estimated period they are majorly used in the oil & gas business, particularly across traditional drilling to control the excessive temperature and pressure developed in course of. Drilling services market research reports & consulting drilling services is a key service component of the oil & gas exploration and production life cycle drilling services include solutions for drilling wells in a safe, fast, and optimized way by increasing drilling efficiency and minimizing production down time.
The report titled “global drilling fluids market- growth, future prospects, competitive analysis and forecast, 2016 – 2023” offers strategic insights into the drilling fluids market along with the market size and estimates for the duration 2013 to 2023. “ global drilling fluids market by type, by application, by region, competition forecast & opportunities, 2011 - 2021 ” has evaluated the future growth potential of the global drilling fluids market and provided statistics and information on market structure, industry behavior and trends the report includes market projections and demand. The global fracking fluid and chemicals market is anticipated to witness steady growth over the forecast period these are utilized in hydraulic fracturing for the recovery of oil and shale gas. San francisco, ca--(marketwired - apr 6, 2016) - middle east drilling fluid market size was worth usd 145 billion in 2014 and is estimated to reach usd 219 billion by 2022 growing exploration. Drilling fluids - category spend analysis according to procurement analysts at spendedge, an increase in drilling for oil and gas can be observed as a result of producers starting to approve new projects in response to a slow recovery in oil and gas prices.
These markets is expected to witness significant growth over coming years owing to increasing application in drilling fluid activities, production chemicals and work over & completion increasing crude oil production coupled with growing demand from enhanced oil recovery application is estimated to expand specialty oilfield chemicals market. The global drilling and completion fluids market is foreseen to witness exponential development in forthcoming years north sea in the europe region and africa region held the significant market share, attributable to new oil discoveries from these areas. Onshore application segment holds the largest revenue share in the drilling waste management market, due to wide operations based on land furthermore, onshore drilling offers large options for storage and transport of oil after extracting it from the well.
The global drilling and completion fluids market is expected to witness exponential growth during the forecast period north sea in the europe region and africa region held the major market share, owing to new oil discoveries from these regions. The global market of drilling and completion fluids is growing rapidly due to increased oil & gas exploration activities around the world the high demand for crude oil, along with the maturing of onshore oil and gas wells is fostering the growth of drilling and completion fluids market. The middle east drilling fluid market estimated to touch us$ 219 billion by the completion of the prediction period the middle east drilling fluid industry was appreciated by us$ 145 billion in.
Marketresearchbiz delivers in-depth insights on the global oilfield chemicals market in its upcoming report titled, “global oilfield chemicals market analysis, drivers, restraints, opportunities, threats, trends, applications, and growth forecast to 2027”the global oilfield chemicals market is estimated to register a cagr of xx% in terms of value during forecast period 2018–2027. Middle east drilling fluid market size was worth usd 145 billion in 2014 and is estimated to reach usd 219 billion by 2022 growing exploration activities coupled with increasing number of e&p companies in oman, uae, saudi arabia and qatar which are expected to improve the output of conventional. Dallas, texas (prweb) march 22, 2014 analysts forecast the global offshore drilling market will grow at a cagr of 109 percent over the period 2013-2018 one of the key factors contributing to this market growth is the increase in the drilling of offshore oil reserves due to the maturing of onshore oil reserves.