Drilling and Completion Fluids Market Worth $16,314.4 Million by 2019

DALLAS, December 12, 2014 /PRNewswire/ --

The report: "Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019", published by MarketsandMarkets, defines and segments the Drilling and Completion Fluids Market with analysis and forecasts regarding market size and volume. It also identifies driving and restraining factors for the Drilling and Completion Fluids Market with analysis of trends and opportunities.

Browse 87 market data tables and 38 figures spread through 200 pages and in-depth TOC on "Drilling and Completion Fluids Market - Global Trends & Forecast to 2019"            

http://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html 

Early buyers will receive 10% customization on this report. 

North America: Largest Market for Drilling and Completion Fluids 

North America constitutes the largest market for Drilling and Completion Fluids due to the presence of half of the world's oil and gas reserves. The U.S. has the maximum number of shale reserves as compared to other regions. Offshore activities in the Gulf of Mexico region are consistently rising, boosting the demand for drilling and completion fluids in the North American market. To meet this rising demand and to gain a competitive advantage, companies are progressively strengthening their presence in this region. Additionally; North America is also in the forefront when it comes to laying out policies and regulations for the prevention of the degradation of the environment.

Water-Based Systems: Largely Used Drilling Fluids 

Water-based systems are the most widely used Drilling and Completion Fluids across the globe and are suitable for all the application areas, including onshore and offshore. The water-based fluids are cost-effective and ecofriendly as compared to non-aqueous based fluids. Research activities have resulted in the discovery of a new type of water-based fluid which can be used in challenging high-pressure, high-temperature, deep, and ultra-deep water drilling activities. The discharge policies for water-based fluids across the world are also not particularly stringent due to the presence of minimally toxic chemicals. These points, along with their reasonable price, minimal toxicity, and easy availability make water-based fluids a preferred option over other types of non-aqueous drilling and completion fluids.

A major restraining factor for the Drilling and Completion Fluids Market is the impact of drilling fluids on the environment and the surrounding ecosystem.

Speak to analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1241

Development of Advanced Drilling Fluid Chemicals 

The demand for new drilling technologies results in a demand for advanced drilling fluids. Nanotechnology is being pursued as a solution to overcome technological and environmental challenges. The Drilling and Completion Fluids based on nanotechnology contain materials of sizes in the range of 1 to 100 nanometers (nm). Drilling fluids with nonmaterial possess viscosity, density, and gelling strength that remain constant over a wide range of operating conditions. Future trends are leaning towards the development of sustainable, environmentally friendly drilling fluids. These new technological developments and innovations in fluid additives create a huge opportunity for industry players. The additional advantage provided by these state-of-the-art materials is the low toxic impact on the environment, which will facilitate the operations of exploration and production companies.

The leading players in the Drilling and Completion Fluids Market include Canadian Energy Services (Canada), M-I Swaco (U.S.), Scomi Group (Malaysia), and AkzoNobel N.V. (The Netherlands). The Drilling and Completion Fluids Market is a highly fragmented one, owing to the continuous rise in global drilling activities for oil and gas production. Major companies rely on regional and local distributors as well as geographical presence to gain traction in the market. One of the major developments observed in the Drilling and Completion Fluids Market is mergers and acquisitions. The application requirements for Drilling and Completion Fluids are constantly changing, making it essential for manufacturers to continually invest in R&D and find innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for Drilling and Completion Fluids in key emerging markets. These strategies have aided companies in creating a large customer and partner base in key markets around the world.

Browse related reports: 

Waste Management Market in Drilling by Services (Solids Control Services, Containment & Handling, and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2018

http://www.marketsandmarkets.com/Market-Reports/drilling-waste-management-market-1242.html

Oilfield Services Market by Type (Coiled Tubing Services, Completion Equipment & Services, Drilling & Completion Fluids, Drilling Waste Management, OCTG, Pressure Pumping Services, Well Intervention Services and Wireline services), by Geography (Asia-Pacific, Europe, Middle East, Africa, North America and South America) - Global Trends and forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/oilfield-services-market-263907746.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan

North - Dominion Plaza

17304 Preston Road

Suite 800, Dallas, TX 75252

Tel: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power