Drilling and Completion Fluids Market Research Report – Forecast to 2027

Drilling and Completion Fluids Market Research Report: Information By Well Type (Land and Offshore), by Type (Water, Oil, Synthetic, Foam, and others), and By Regions (North America, Europe, APAC, and Middle East & Africa) - Forecast till 2027

ID: MRFR/E&P/0594-HCR | February 2021 | Region: Global | 120 pages

Impact of the COVID-19 Outbreak on the Drilling and Completion Fluids Market
Drilling and Completion Fluids Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The drilling and completion fluids are fundamental necessities for starting the field development process after the positive exploration of an oil field. The increase in drilling operations, deep-water drilling operations, and new shale gas discoveries, are some of the factors driving the growth of the market. Besides, the rising demand for crude oil has increased drilling activities. Large quantities of oil are required as fuel for several industries, including automobiles, transportation, chemicals, and lubricants. However, during the COVID-19 pandemic, the drastic decrease in the demand and prices of crude oil has significantly impacted the oil & gas industry, which has also reduced drilling activities, hindering the growth of the market. The disruptions in the supply chain, trade, and shipping activities owing to the spread of COVID-19 across the world are also hampering the growth of the market. The halt in drilling at onshore and offshore sites owing to the lockdowns initiated by the government authorities to contain the spread of the epidemic has significantly impacted the growth of the market. On the flip side, the decreasing demand for crude oil is expected to impact large oil importers such as India, positively, as the country meets more than 80% of its oil requirements through imports.


FORECASTED GLOBAL DEMAND FOR OIL AMIDST THE CORONAVIRUS PANDEMIC FROM 2020 TO Q1 2021, BY REGION


Source: The U.S. Energy Information Administration


According to the MRFR analysis, regions such as the Asia-Pacific and the Middle East are expected to dominate the market over the forecast period owing to the increasing exploration activities in the regions and enormous potential resources in countries including Bahrain, Kuwait, and Russia and the South China Sea region. Besides, North America accounts for the highest production of oil & gas, followed by Europe, owing to the constant increase in offshore activities in the North Sea and onshore activities in Russia. The market is expected to face challenges post the lockdown period.

Table of content
1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends



5 Global Drilling and Completion Fluids Market, By Well Type

5.1 Introduction

5.2 Land

5.2.1 Market Estimates & Forecast, 2018-2023

5.2.2 Market Estimates & Forecast by Region, 2018-2023

5.3 Offshore

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast by Region, 2018-2023
6 Global Drilling and Completion Fluids Market, By Type

6.1 Introduction

6.2 Oil-based

6.2.1 Market Estimates & Forecast, 2018-2023

6.2.2 Market Estimates & Forecast by Region, 2018-2023

6.3 Water-based

6.3.1 Market Estimates & Forecast, 2018-2023

6.3.2 Market Estimates & Forecast by Region, 2018-2023

6.4 Synthetic-based

6.4.1 Market Estimates & Forecast, 2018-2023

6.4.2 Market Estimates & Forecast by Region, 2018-2023

6.5 Foam

6.5.1 Market Estimates & Forecast, 2018-2023

6.5.2 Market Estimates & Forecast by Region, 2018-2023

6.6 Others

6.6.1 Market Estimates & Forecast, 2018-2023

6.6.2 Market Estimates & Forecast by Region, 2018-2023

7 Global Drilling and Completion Fluids Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2018-2023

7.2.2 Market Estimates & Forecast by Type, 2018-2023

7.2.3 Market Estimates & Forecast by Well Type, 2018-2023

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2018-2023

7.2.4.2 Market Estimates & Forecast by Type, 2018-2023

7.2.4.3 Market Estimates & Forecast by Well Type, 2018-2023

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2018-2023

7.2.5.2 Market Estimates & Forecast by Type, 2018-2023

7.2.5.3 Market Estimates & Forecast by Well Type, 2018-2023
7.3 Europe

7.3.1 Market Estimates & Forecast, 2018-2023

7.3.2 Market Estimates & Forecast by Type, 2018-2023

7.3.3 Market Estimates & Forecast by Well Type, 2018-2023

7.3.4 U.K.

7.3.4.1 Market Estimates & Forecast, 2018-2023

7.3.4.2 Market Estimates & Forecast by Type, 2018-2023

7.3.4.3 Market Estimates & Forecast by Well Type, 2018-2023

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2018-2023

7.3.5.2 Market Estimates & Forecast by Type, 2018-2023

7.3.5.3 Market Estimates & Forecast by Well Type, 2018-2023

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2018-2023

7.3.6.2 Market Estimates & Forecast by Type, 2018-2023

7.3.6.3 Market Estimates & Forecast by Well Type, 2018-2023

7.3.7 Italy

7.3.7.1 Market Estimates & Forecast, 2018-2023

7.3.7.2 Market Estimates & Forecast by Type, 2018-2023

7.3.7.3 Market Estimates & Forecast by Well Type, 2018-2023

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2018-2023

7.3.8.2 Market Estimates & Forecast by Type, 2018-2023

7.3.7.3 Market Estimates & Forecast by Well Type, 2018-2023

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2018-2023

7.4.2 Market Estimates & Forecast by Type, 2018-2023

7.4.3 Market Estimates & Forecast by Well Type, 2018-2023

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2018-2023

7.4.4.2 Market Estimates & Forecast by Type, 2018-2023

7.4.4.3 Market Estimates & Forecast by Well Type, 2018-2023

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2018-2023

7.4.5.2 Market Estimates & Forecast by Type, 2018-2023

7.4.5.3 Market Estimates & Forecast by Well Type, 2018-2023

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2018-2023

7.4.6.2 Market Estimates & Forecast by Type, 2018-2023

7.4.6.3 Market Estimates & Forecast by Well Type, 2018-2023

7.4.7 Rest of Asia Pacific

7.4.7.1 Market Estimates & Forecast, 2018-2023

7.4.7.2 Market Estimates & Forecast by Type, 2018-2023

7.4.7.3 Market Estimates & Forecast by Well Type, 2018-2023

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2018-2023

7.5.2 Market Estimates & Forecast by Type, 2018-2023

7.5.3 Market Estimates & Forecast by Well Type, 2018-2023

8 Competitive Landscape


9 Company Profile

9.1 Halliburton (U.S.)

9.1.1 Company Overview

9.1.2 Product/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Schlumberger (U.S.)

9.2.1 Company Overview

9.2.2 Product /Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Newpark Resources Inc. (U.S.)

9.3.1 Company Overview

9.3.2 Product /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Stellar Drilling Fluids LLC (U.S.)

9.4.1 Company Overview

9.4.2 Product /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Weatherford international plc. (U.S.)

9.5.1 Company Overview

9.5.2 Product /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 China oilfield services Ltd. (China),

9.6.1 Company Overview

9.6.2 Product /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 M-I Swaco (U.S.),

9.7.1 Company Overview

9.7.2 Product /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 AkzoNobel N.V. (Netherlands),

9.8.1 Company Overview

9.8.2 Product /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 National Oilwell Varco (U.S.),

9.9.1 Company Overview

9.9.2 Product /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Chevron Phillips Chemical Company (U.S.)

9.10.1 Company Overview

9.10.2 Product /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

9.11 BASF SE (Germany)

9.11.1 Company Overview

9.11.2 Product /Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis

9.12 DuPont (U.S.)

9.12.1 Company Overview

9.12.2 Product /Services Offering

9.12.3 Financial Overview

9.12.4 Key Developments

9.12.5 Strategy

9.12.6 SWOT Analysis

9.13 The Dow Chemical Company (U.S.)

9.13.1 Company Overview

9.13.2 Product /Services Offering

9.13.3 Financial Overview

9.13.4 Key Developments

9.13.5 Strategy

9.13.6 SWOT Analysis

9.14 Scomi Group (Malaysia)

9.14.1 Company Overview

9.14.2 Product /Services Offering

9.14.3 Financial Overview

9.14.4 Key Developments

9.14.5 Strategy

9.14.6 SWOT Analysis
10 Conclusion

11 Appendix 
List of Tables

Table 1 Global Drilling and Completion Fluids Market: By Region, 2018-2023

Table 2 North America Drilling and Completion Fluids Market: By Country, 2018-2023

Table 3 Europe Drilling and Completion Fluids Market: By Country, 2018-2023

Table 4 Asia Pacific Drilling and Completion Fluids Market: By Country, 2018-2023

Table 5 RoW Drilling and Completion Fluids Market: By Country, 2018-2023

Table 6 Global Drilling and Completion Fluids Market by Well Type Market: By Regions, 2018-2023

Table 7 North America Drilling and Completion Fluids Market by Well Type: By Country, 2018-2023

Table 8 Europe Drilling and Completion Fluids Market by Well Type: By Country, 2018-2023

Table 7 Asia Pacific Drilling and Completion Fluids Market by Well Type: By Country, 2018-2023

Table 10 RoW Drilling and Completion Fluids Market by Well Type: By Country, 2018-2023

Table 9 Global Drilling and Completion Fluids Market, by Type, By Regions, 2018-2023

Table 12 North America Drilling and Completion Fluids Market, by Type, By Country, 2018-2023

Table 13 Europe Drilling and Completion Fluids Market, by Type, By Country, 2018-2023

Table 14 Asia Pacific Drilling and Completion Fluids Market, by Type, By Country, 2018-2023

Table 15 RoW Drilling and Completion Fluids Market, by Type, By Country, 2018-2023

Table 16 Global Drilling and Completion Fluids Market: By Region, 2018-2023

Table 17 Global Drilling and Completion Fluids Market: By Region, 2018-2023

Table 18 Global Drilling and Completion Fluids Market: By Region, 2018-2023

Table 18 North America Drilling and Completion Fluids Market, By Country

Table 20 North America Drilling and Completion Fluids Market, By Type

Table 21 North America Drilling and Completion Fluids Market, By Well Type

Table 22 Europe: Drilling and Completion Fluids Market, By Country

Table 23 Europe: Drilling and Completion Fluids Market, By Type

Table 24 Europe: Drilling and Completion Fluids Market, By Well Type

Table 25 Asia Pacific: Drilling and Completion Fluids Market, By Country

Table 26 Asia Pacific: Drilling and Completion Fluids Market, By Type

Table 27 Asia Pacific: Drilling and Completion Fluids Market, By Well Type

Table 28 RoW: Drilling and Completion Fluids Market, By Region

Table 28 RoW Drilling and Completion Fluids Market, By Type

Table 30 RoW Drilling and Completion Fluids Market, By Well Type



List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL DRILLING AND COMPLETION FLUIDS MARKETSHARE, BY SECTOR, 2016 (%)

FIGURE 7 GLOBAL DRILLING AND COMPLETION FLUIDS MARKET, BY SECTOR, 2018-2023 (USD MILLION)

FIGURE 10 GLOBAL DRILLING AND COMPLETION FLUIDS MARKETSHARE, BY TYPE, 2016 (%)

FIGURE 9 GLOBAL DRILLING AND COMPLETION FLUIDS MARKET, BY TYPE, 2018-2023 (USD MILLION)

FIGURE 12 GLOBAL DRILLING AND COMPLETION FLUIDS MARKET SHARE (%), BY REGION, 2016

FIGURE 13 GLOBAL DRILLING AND COMPLETION FLUIDS MARKET, BY REGION, 2018-2023 (USD MILLION)

FIGURE 14 NORTH AMERICA DRILLING AND COMPLETION FLUIDS MARKETSHARE (%), 2016

FIGURE 15 NORTH AMERICA DRILLING AND COMPLETION FLUIDS MARKETBY COUNTRY, 2018-2023 (USD MILLION)

FIGURE 16 EUROPE DRILLING AND COMPLETION FLUIDS MARKETSHARE (%), 2016

FIGURE 17 EUROPE DRILLING AND COMPLETION FLUIDS MARKETBY COUNTRY, 2018-2023 (USD MILLION)

FIGURE 18 ASIA PACIFIC DRILLING AND COMPLETION FLUIDS MARKETSHARE (%), 2016

FIGURE 18 ASIA PACIFIC DRILLING AND COMPLETION FLUIDS MARKETBY COUNTRY, 2018-2023 (USD MILLION)

FIGURE 20 REST OF THE WORLD DRILLING AND COMPLETION FLUIDS MARKETSHARE (%), 2016

FIGURE 21 REST OF THE WORLD DRILLING AND COMPLETION FLUIDS MARKETBY COUNTRY, 2018-2023 (USD MILLION)