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

Drilling and Completion Fluids Market overview 


Drilling and completion fluid global market will witness a growth of 7.5% in the forecast period 2027.


The drilling and completion fluid is a filtered substance used in oil and gas extraction applications. The drilling fluid is a composite substance that minimizes the damage. The manufacturing of the drilling and completion liquid is from chemical, oil, water and mud. The drilling and completion liquid helps to minimize the corrosion and prevents the formation of fluids in the wellbore. The completion fluid contains brines, chloride, ion and high PH value.


 This highly filtered liquid is available in the form of oil, water, foam and synthetic fluid. The tremendously increasing rate of shale gas exploration is the major driver for the drilling and completion fluids market. Also, there are plenty of benefits of drilling and completion fluids that is suitable for high-end operations. Further, the global Market Value is accepted to reach a tremendous rate in the forecast period. Also, the rising investments for the market will further enhance the demand and growth rate. 


Covid analysis 


The drilling and completion fluids are the primary requirements to start the operations in oil fields. The rising demand for crude oil is increasing the drilling activities. The requirement for oil is massive in the commercial, automotive, chemical and transportation sectors. However, during the covid 19, there is a drastic decline in the demand for the drilling and completion fluids. The significant decrease in crude oil is the key factor for this diminishing demand trend. The drilling activities are widely affected due to these. Also, the global market growth is at threat during the pandemic. The supply chain disruptions in the market will cause inconsistencies in the market. Also, the shipping activities of the market are facing challenges. 


Key players



  1. Secure Energy Services

  2. Scomi

  3. Halliburton Company

  4. Sage mines

  5. Schlumberger

  6. Global Drilling and Chemicals

  7. Newpark Resources

  8. Q’max Solutions

  9. National Oilwell Varco 


Market dynamics 



  • Crucial market drivers 


The rising demand for crude oil is ultimately increasing the drilling operations in the oil field. The highest oil and gas producing region is North America. The market is witnessing tremendous demand and profitability in the oil and gas industry. Also, it is raising the drilling and offshore oil exploration activities. These factors positively impact the Drilling and Completion Fluids Industry. The requirement of drilling fluids varies according to the geographic condition and economic conditions. Therefore, the manufacturing of suitable drilling and completion fluid is happening in regions such as North America and Europe. Therefore, the increasing drilling activities across North America are a crucial driver for the market.


 Also, there are massive technological developments in the drilling and completion fluids industry. Technological advancements are a crucial driver that enhances the market demand. Further, these developments will enable stability, high range drilling and volume drilling. The offshore drilling activities will witness high growth. Ultimately, these crucial drivers of the drilling and completion fluids market will increase the demand and revenue rates. It will propel more growth opportunities for the market in the upcoming years. 



  • Market growth opportunities 


Deepwater drilling operations are expected to grow in the future. North America, Asia Pacific and the Middle East are planning to grow their drilling activities offshore. Offshore reserve growth is essential in the oil and gas industry. Most of the oil fields are maturing rapidly. It is causing the key players to enhance the drilling activities in deep waters. It is a measure to preserve the oil wells and to reduce the rate of maturing. It is a crucial measure by the key players that will off plenty of growth opportunities for the drilling and completion fluids market. The drilling fluids are crucial aspects in the extraction of oil in deep waters. This activity opens new ways to utilize the drilling and completion fluids. The demand rate will considerably increase due to these opportunities. Further, there are high possibilities for market expansion in the upcoming years. 



  • The market restraints


The drilling operations require chemicals that are injected into the drilling string.  These chemicals can have a detrimental impact on the ecosystem. The chemical is injected into many drilling equipment that can cause harm to the environment. The contaminants of the chemicals can blend with the soil and the groundwater. The environmental harms related to the use of drilling chemicals are a crucial restraint in the market.


The water and soil pollution restricts the environmental conscious purchasers from opting for these drilling operations. Also, this can cause a decline in the adoption rate of the drilling and completion fluids. Further, the governments impose stringent laws regarding the use of drilling fluids. This measure by the government to prevent pollution is restricting the demand for the market. These restraints can have a serious effect on drilling and completion fluids market growth.



  • The market challenges 


Most of the regional players are increasing the deepwater drilling activities. This measure will provide plenty of benefits for the market. However, the deepwater drilling operations require high-end technologies. The need to use drilling and completion fluids in deep waters require sophisticated technologies.


 Also, the use of these technologies makes the process expensive. The price related to drilling and completion fluids in the deepwater drilling operations is a major market challenge. It is a cost-intensive project that can affect the profitability of the market. Massive capital investments and high R&D investments are required to carry out these operations. It can cause several difficulties for the market in the forecast period. 



  • The cumulative growth analysis 


The drilling and completion fluids market trend are stable in the forecast period. The market has plenty of drivers that continue to propel the demand rate. The drivers such as increasing demand for crude oil are benefiting the market. Further, the technological developments in the market will result in more innovation and product variation. The onshore segment of the market is estimated to record the highest demand rate in the forecast period.


 Further, the well type operations will result in increase of Market Size. However, few challenges can hamper the growth rate of the market. The drilling and completion fluids operations require use of chemical that is harmful to the environment. Further, the high cost required for deepwater operations is another challenge. Overall the growth rate of the market remains positive admits all these factors. 



  • Value chain analysis 


North America is the dominating drilling and completion fluid market. It is a region accountable for maximum and Completion Fluids Market ShareThe global market is witnessing high growth due to shale gas exploration operations. Also, the increase in the demand for the oil and gas industry is ultimately raising the demand for this market.


North America will record the highest demand rate due to the onshore activities. Further, the investments rate in this market is the highest. Market expansion and innovation are part o the development strategies. However, the government has imposed stringent rules regarding the use of drilling chemicals in these regions. However, the market growth is steady in North America. 


Segment overview 


By well type 



  • Land 

  • Offshore 


By  Type



  • Water

  • Oil

  • Synthetic

  • Foam

  • others


By region 



  • Asia pacific 

  • North America 

  • Europe 

  • Middle East 

  • South America 


Competitive landscape 


The completion in the drilling and completion fluids market is massive. The key player of the market is the largest product and service provider for the energy and oil and gas industry. Also, the drilling, formation, construction, completion, evaluation are some of the crucial operations of the key players. 


Regional analysis 


The drilling and completion fluids market is fragmented into Asia Pacific, North America, Europe, Middle East and South America. The North American market will dominate the other regional players in the forecast period. The key players in North America are taking plenty of market expansion measures through shale gas exploration activities. The investment rate in this market is massive.


Further, it is a region that will record a high profitability rate during the forecast period. Europe is the next largest market. There is a rising need for drilling and completion fluids in the oil-gas and energy sector. The development opportunities in this market are massive. Also, the high demand from onshore activities is a crucial driver. The other markets are developing at a rapid pace during the forecast period. 


Recent developments 



  1. The key players of the market are taking more new drilling operations in deep waters and offshore.



  1. The key players are introducing high-end drilling equipment for complex drilling operations. 


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments

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)

Drilling Completion Fluids Market