Drilling Fluids Market Research Report - Global Forecast to 2027

Drilling Fluids Market Information Research Report: Information, By Type (Water Based, Oil-Based, and Synthetic Based), By Application (Onshore, Offshore) and By Region (North America, Latin America, Europe, APAC, Middle East & Africa)–Forecast Till 2027

ID: MRFR/E&P/2943-CR | October, 2020 | Region : Global

Drilling Fluids Market Overview


Drilling Fluids Market claims to have a 7.5% of CAGR and a revenue of USD 13,454.5 million during the forcast period 2020-2027


There has been a constantly increasing demand for modern renewal and generation of clean energy, which expands the major demand for Drilling Fluids; there are plenty of advantages over traditional ones, and rising demand, also because lack of proper infrastructure are few of the primary drivers for the drilling fluids market Trends. The large part of Europe is estimated to be the quickest growing area.


Regional Analysis
There is no doubt; North America is leading the Drilling Fluids Market due to the presence of the grand global players in this particular region as well as increased technological advancement.


Competitive Landscape
The market players for the Drilling Fluids industry are:



  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • Rest of Asia-Pacific

  • Rest of the World

  • The Middle East

  • Africa

  • South America


The biggest key players of worldwide Drilling and Completion Fluids Market



  1. Halliburton (U.S.),

  2. Schlumberger (U.S.),

  3. Newpark Resources Inc. (U.S.),

  4. Stellar Drilling Fluids LLC (U.S.),

  5. Weatherford International plc. (U.S.),

  6. China oilfield services Ltd. (China), and M-I Swaco (U.S.).

  7. AkzoNobel N.V. (Netherlands),

  8. National Oilwell Varco (U.S.),

  9. Chevron Phillips Chemical Company (U.S.),

  10. BASF SE (Germany), DuPont (U.S.),

  11. The Dow Chemical Company (U.S.) and,

  12. Scomi Group (Malaysia) is among others.


Drilling Fluids Market primarily consists of the fundamental or major requirements for developing or starting the definite field development process after the fortunate exploration of the main oil field. Huge quantities of oil are required as industrial fuel for many different industries, including transportation industry, automobiles, lubricants industry, chemicals industry, and others. To meet the required demand for fuel, many discoveries are immensely carried out. Likewise, in this current scenario of recovering huge crude oil costs after the global financial crises of 2014, plenty of oil exploration and production businesses appear to be extremely profitable.
The first phase of advanced field development process of an oil field is consistently the building of oil wells, which needs to drill fluids for proper control and pressure conservation at the surface levels and administer ease of drilling processes. On the other hand, various completion fluids are proper liquid that contains salts for higher density and basically avoids formation damages particularly. Likewise, the proper completion fluids also make excellent packer fluids that are majorly capable of lots of operations expedition. Drilling Fluids Market are primarily designed to contest specific, definite reservoir criteria that take into account various critical factors such as major equivalent high static density (ESD), proper contamination risks, and various crystallization temperatures.


Market Dynamics



  • Drivers 


There has been a growing investment in various oil exploration activities that drives the expansion of the market. For example, a biggest oil giant BP has recently disclosed its recent plan to endure spending in latest exploration activities in its major projects in Gulf of Mexico various production platforms. Also, increased capital costs for various drilling may restrict the expansion of the drilling fluids market. Newly, offshore oil and gas expedition activities in the major area of Gulf of Mexico region and other various regions all over the world which are more and more towards various other Deepwater ocean regions. The various Deepwater oil field development that usually happens in the form of extremely high-risk, and past long-duration drilling projects, which make them highly costly.
There are four major regions across the globe that are majorly involved in the global drilling fluids Market Share – North America, Europe, Asia Pacific region, and Rest-of-the-World (RoW), depending upon the country-level market sizing.  The drilling fluids Market Trends are very comprehensive; you have to understand each and every player in the market. There is no debate that in spite of the occurrences of COVID 19, the latest trends and future opportunities of the drilling fluids Market Growth will see tremendous spreading opportunities.



  • Opportunities 


The increasing dependence on the drilling fluids Market Analysis supports several industries around the globe that have doubled. The market value has come up as quite compelling easy solutions. There are lots of emerging markets related to drilling fluids market outlook all across the world like India, China, and Brazil that are projected to grow fast over the estimated years. 



  • Restraints


The outbreak of COVID-19 has hard severely knocked out the growing pace of the Drilling Fluids Market because of mandatory closures of consumer markets and factories across the globe, the profit share of the companies has been shrinking. COVID19 has disrupted the entire supply chain. Prolonged lockdown had a negative influence and affected the morale of the big companies. 



  • Challenges


The Drilling Fluids Market is projected to touch the earnings of an all-time high in 2023, according to an in-depth detailed report by latest Market Research Future (MRFR). Around a CAGR of 7.5% is projected during the assessment period (2023) because of the impressive demand. Lots of factors are boosting the concept. The companies are planning and executing current business operations through innovative techniques. Many factors affect the growth of the Drilling Fluids Market, such as market size, trends in global technology, capital investment, etc.



  • Cumulative Growth Analysis


In case of the Drilling Fluids Market, the report claims to have a 7.5% of CAGR by 2023 and a revenue of USD 13,454.5 million by the year 2023. The demand and craze for it is rising, which has increased Drilling Fluids Market growth. It is also estimated to increase at the most elevated speed over the given figure time frame, which is spreading or expanding across different industry verticals. Additionally, government support and customer interest are helping the market to expand. The development is primarily credited to little and medium undertakings or companies where fewer effort arrangements are significantly required.


Technology Analysis
The drilling fuel industry is primarily proposed to have a big amount of new-age advancements methods and revenues over the estimated period because of continuous developments in high net worth end-use industry, which is coupled with expanding demand for worldwide crude oil. The drilling fuel market is also projected to have increase expansion activities by various multinationals and well-established organizations.


By Division by Structure
The worldwide Drilling Fluids Market is projected to witness great substantial growth during the estimated time period because of factors, for example, increasing demand for industrialization, huge investment in oil infrastructure, development in various and large scale industries along with the huge rapid expansion is also acting as another primary growth-inducing factor.


On the basis of Geographic Segmentation:
North America
Europe
APAC
South America
MEA


Division by Application
The primary stakeholders in the Drilling Fluids market are research organizations, Traders, Importers, and Exporters, Suppliers, Industry end users. The concept is gaining momentum. The enterprises are focusing more intensely on improving product innovation techniques.


By Type



  • Water Based

  • Oil-Based

  • Synthetic Based


By Application



  • Onshore

  • Offshore


COVID 19 Impacts and effects
The COVID 19 has affected 215 countries and the drilling fluids market as well. To combat the negative effects, countries lead lockdowns that have adversely affected the drilling fluids Market. The pandemic leads to several challenges to the sector; it is affected all over the world. Plenty of factors like the risk of uninterrupted production, supply chain, distribution, lack of workforce employees, and much-decreased development activities have primarily affected the ongoing demand and supply. People are not as active as earlier. Major strategic developments are taking place. MNC are investing more in the drilling fluids Market Size of the increasing demand from consumers across the globe.


Division by Region
The regional analysis of several Drilling Fluids Market is being divided and studied such as Asia Pacific, North America, European nations, and rest of the world countries. As per Geographical, North America is projected to be the biggest market in terms of profit contribution due to increased adoption of several cloud-based services by way of production systems and by several distribution channels. In addition to this, the countries of Asia Pacific are projected to grow rapidly in Drilling Fluids Market due to increasing investment. Also, there has been a rise in demand in major developing countries. For example, India and China are projected to lead growth in several Drilling Fluids Market in different Asia-Pacific regions.


Recent Developments



  • Market has been primarily divided into several segments, and each segment has profitable trends.

  • The segment is growing day by day; there is a new trend that is responsible for the growth

  • North America and Europe have more market share, but Asia Pacific is growing at a very fast pace.


Report Overview



  • Market overview highlights

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

1 Executive Summary

2 Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4 Market Dynamics

4.1 Drivers 21

4.1.1 New Oil Reserves Discovery 21

4.1.2 Increasing Investment In Oil Exploration Activities 21

4.1.3 Increasing Shale Gas Activities In U.S. 22

4.2 Restraints 22

4.2.1 High Capital Cost For Drilling 22

4.2.2 Stringent Government Regulations 23

4.3 Opportunities 23

4.3.1 Increased Demand For Oil In Asia Pacific Region 23

5 Market Factor Analysis

5.1 Porter's Five Forces Analysis 24

5.1.1 Threat Of New Entrants 25

5.1.2 Bargaining Power Of Suppliers 25

5.1.3 Threat Of Substitutes 25

5.1.4 Bargaining Power Of Buyers 25

5.1.5 Segment Rivalry 25

5.2 Supply Chain Analysis 26

6 Global Drilling Fluids Market, By Type

6.1 Overview 28

6.1.1 Water Based Drilling Fluid 28

6.1.2 Oil-Based Drilling Fluid 28

6.1.3 Synthetic Based Fluid 29

7 Global Drilling Fluids Market, By Application

7.1 Overview 33

7.1.1 Onshore 33

7.1.2 Offshore 33

8 Global Drilling Fluids Market, By Region

8.1 Introduction 36

8.2 North America 38

8.2.1 U.S. 40

8.2.2 Canada 42

8.3 Europe 44

8.3.1 Russia 46

8.3.2 Norway 47

8.3.3 U.K. 49

8.3.4 Rest Of Europe 50

8.4 Asia Pacific 52

8.4.1 China 54

8.4.2 Indonesia 56

8.4.3 India 57

8.4.4 Australia 59

8.4.5 Rest Of Asia Pacific 60

8.5 Middle East & Africa 62

8.5.1 Saudi Arabia 64

8.5.2 UAE 65

8.5.3 Nigeria 67

8.5.4 Rest Of Middle East & Africa 68

8.6 Latin America 70

8.6.1 Brazil 72

8.6.2 Venezuela 73

8.6.3 Argentina 74

8.6.4 Rest Of Latin America 76

9 Competitive Scenario

9.1 Competitive Landscape 78

10 Company Profiles

10.1 Schlumberger Limited 80

10.1.1 Company Overview 80

10.1.2 Financial Overview 81

10.1.3 Product/Service Offering 82

10.1.4 Strategy 87

10.1.5 Key Developments 87

10.1.6 SWOT Analysis 87

10.2 Halliburton Inc. 88

10.2.1 Company Overview 88

10.2.2 Financial Overview 88

10.2.3 Product/Service Offering 89

10.2.4 Strategy 90

10.2.5 Key Development 90

10.2.6 SWOT Analysis 90

10.3 Baker Hughes Incorporated 91

10.3.1 Company Overview 91

10.3.2 Financial Overview 91

10.3.3 Product/Service Offering 92

10.3.4 Strategy 92

10.3.5 Key Developments 92

10.3.6 SWOT Analysis 93

10.4 National Oilwell Varco USA 94

10.4.1 Company Overview 94

10.4.2 Financial Overview 94

10.4.3 Product/Service Offering 95

10.4.4 Strategy 96

10.4.5 Key Developments 96

10.4.6 SWOT Analysis 96

10.5 Newpark Resources Inc. 97

10.5.1 Company Overview 97

10.5.2 Financial Overview 97

10.5.3 Product/Service Offering 98

10.5.4 Strategy 99

10.5.5 Key Developments 99

10.5.6 SWOT Analysis 100

10.6 TETRA Technologies, Inc. 101

10.6.1 Company Overview 101

10.6.2 Financial Overview 101

10.6.3 Product/Service Offering 102

10.6.4 Strategy 102

10.7 Scomi Group Bhd 103

10.7.1 Company Overview 103

10.7.2 Financial Overview 103

10.7.3 Product/Service Offering 104

10.7.4 Strategy 104

10.7.5 Key Development 104

10.8 Canadian Energy Services & Technology Corp. 106

10.8.1 Company Overview 106

10.8.2 Financial Overview 106

10.8.3 Product/Service Offering 107

10.8.4 Strategy 108

10.8.5 Key Developments 108

10.9 Anchor Drilling Fluids USA, Inc. 109

10.9.1 Company Overview 109

10.9.2 Financial Overview 109

10.9.3 Product/Service Offering 110

10.9.4 Strategy 110

10.10 GEO Drilling Fluids, Inc. 111

10.10.1 Company Overview 111

10.10.2 Financial Overview 111

10.10.3 Product/Service Offering 111

10.10.4 Strategy 112

10.10.5 Key Developments 112

11 List Of Tables

TABLE 1 GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 31

TABLE 2 GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 34

TABLE 3 GLOBAL DRILLING FLUIDS MARKET, BY REGION, 2020-2027 (USD MILLION) 37

TABLE 4 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 38

TABLE 5 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 39

TABLE 6 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 40

TABLE 7 U.S.: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 41

TABLE 8 U.S.: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 41

TABLE 9 CANADA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 42

TABLE 10 CANADA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 43

TABLE 11 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 44

TABLE 12 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 45

TABLE 13 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45

TABLE 14 RUSSIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 46

TABLE 15 RUSSIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47

TABLE 16 NORWAY: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 48

TABLE 17 NORWAY: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48

TABLE 18 U.K.: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 49

TABLE 19 U.K.: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50

TABLE 20 REST OF EUROPE:: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 51

TABLE 21 REST OF EUROPE:: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51

TABLE 22 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 52

TABLE 23 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 53

TABLE 24 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54

TABLE 25 CHINA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 55

TABLE 26 CHINA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55

TABLE 27 INDONESIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 56

TABLE 28 INDONESIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57

TABLE 29 INDIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 58

TABLE 30 INDIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58

TABLE 31 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 59

TABLE 32 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60

TABLE 33 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 61

TABLE 34 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 61

TABLE 35 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 36 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

TABLE 37 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 65

TABLE 38 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 65

TABLE 39 UAE: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 66

TABLE 40 UAE: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 66

TABLE 41 NIGERIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 42 NIGERIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 68

TABLE 43 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 69

TABLE 44 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69

TABLE 45 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 70

TABLE 46 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 71

TABLE 47 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 71

TABLE 48 BRAZIL: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 72

TABLE 49 BRAZIL: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73

TABLE 50 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 74

TABLE 51 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 74

TABLE 52 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 75

TABLE 53 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 75

TABLE 54 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 76

TABLE 55 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77

TABLE 56 SCHLUMBERGER LIMITED: KEY DEVELOPMENTS, 2018-2020. 87

TABLE 57 HALLIBURTON INC: KEY DEVELOPMENTS, 2018-2020. 90

TABLE 58 BAKER HUGHES INCORPORATED: KEY DEVELOPMENT, 2018-2020. 92

TABLE 59 SCOMI GROUP BHD: KEY DEVELOPMENT, 2018-2020. 104

TABLE 60 CES: KEY DEVELOPMENT, 2018-2020. 108

12 List Of Figures

FIGURE 1 MARKET SYNOPSIS 13

FIGURE 2 RESEARCH PROCESS OF MRFR 16

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 18

FIGURE 4 DRIVERS, RESTRAINTS, AND OPPORTUNITIES: GLOBAL DRILLING FLUIDS MARKET 20

FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL DRILLING FLUIDS MARKET 24

FIGURE 6 GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 30

FIGURE 7 GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2020-2027 (USD MILLION) 30

FIGURE 8 GLOBAL DRILLING FLUIDS MARKET SHARE, BY APPLICATION, 2020 (%) 33

FIGURE 9 GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 34

FIGURE 10 GLOBAL DRILLING FLUIDS MARKET SHARE, BY REGION, 2020 (%) 36

FIGURE 11 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2020 (%) 38

FIGURE 12 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 39

FIGURE 13 U.S.: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 40

FIGURE 14 CANADA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 42

FIGURE 15 EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2020 (%) 44

FIGURE 16 EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 45

FIGURE 17 RUSSIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 46

FIGURE 18 NORWAY: GLOBAL DRILLING FLUIDS MARKET SHRAE, BY TYPE, 2020 (%) 47

FIGURE 19 U.K.: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 49

FIGURE 20 REST OF EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 50

FIGURE 21 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2020 (%) 52

FIGURE 22 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 53

FIGURE 23 CHINA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 54

FIGURE 24 INDONESIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 56

FIGURE 25 INDIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 57

FIGURE 26 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 59

FIGURE 27 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 60

FIGURE 28 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2020 (%) 62

FIGURE 29 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 62

FIGURE 30 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 63

FIGURE 31 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 64

FIGURE 32 UAE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 66

FIGURE 33 NIGERIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 67

FIGURE 34 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 68

FIGURE 35 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2020 (%) 70

FIGURE 36 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 71

FIGURE 37 BRAZIL: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 72

FIGURE 38 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 73

FIGURE 39 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 75

FIGURE 40 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2020 (%) 76

FIGURE 41 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL DRILLING FLUIDS MARKET, 2014-2017, (%) 78

FIGURE 42 SCHLUMBERGER LIMITED: TOTAL REVENUE VS SEGMENTAL REVENUE (DRILLING GROUP) 81

FIGURE 43 SCHLUMBERGER LIMITED: GEOGRAPHIC REVENUE MIX, 2020 (%) 81

FIGURE 44 SCHLUMBERGER LIMITED: SWOT ANALYSIS. 87

FIGURE 45 HALLIBURTON INC: TOTAL REVENUE VS SEGMENTAL REVENUE (DRILLING AND EVALUATION) 88

FIGURE 46 HALLIBURTON INC: GEOGRAPHIC REVENUE MIX, 2020 (%) 89

FIGURE 47 HALLIBURTON INC: SWOT ANALYSIS 90

FIGURE 48 BAKER HUGHES INCORPORATED: TOTAL REVENUE 91

FIGURE 49 BAKER HUGHES INCORPORATED: GEOGRAPHIC REVENUE MIX, 2020 (%) 92

FIGURE 50 BAKER HUGHES INCORPORATED: SWOT ANALYSIS. 93

FIGURE 51 NOV: TOTAL REVENUE VS SEGMENTAL REVENUE (WELLBORE TECHNOLOGIES) 94

FIGURE 52 NOV: GEOGRAPHICAL REVENUE MIX, 2020 (%) 95

FIGURE 53 NOV: SWOT ANALYSIS 96

FIGURE 54 NEWPARK RESOURCES INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (FLUID SYSTEM) 97

FIGURE 55 NEWPARK RESOURCES INC.: GEOGRAPHIC REVENUE MIX, 2020 (%) 98

FIGURE 56 NEWPARK RESOURCES INC.: KEY DEVELOPMENTS, 2018-2020 (%) 99

FIGURE 57 NEWPARK RESOURCES INC.: SWOT ANALYSIS 100

FIGURE 58 TETRA TECHNOLOGIES, INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (FLUIDS) 101

FIGURE 59 TETRA TECHNOLOGIES, INC.: GEOGRAPHIC REVENUE MIX, 2020 (%) 102

FIGURE 60 SCOMI GROUP BHD: TOTAL REVENUE VS SEGMENTAL REVENUE (OILFIELD SERVICES) 103

FIGURE 61 CES: TOTAL REVENUE 106

FIGURE 62 CES: GEOGRAPHICAL REVENUE MIX, 2020 (IN %) 107

FIGURE 63 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (PARENT COMPANY): TOTAL REVENUE 109

Drilling Fluids Market