DALLAS, January 6, 2015 /PRNewswire/ --
MarketReportsHub.com adds 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 research report to its store.
Creating promising prospects for drilling and completion fluids market growth in future are steady increase in offshore & onshore drilling activities, increase in footage drilled and exploration rate. Drilling and completion fluids market is expected to reach a value of $16.31 billion by 2019, at a CAGR of 7.3%. Oil-based systems and Water-based systems lead the market and are expected to reach a value of $3.29 and billion $9.92 billion respectively, by the year 2019. Complete report is available at http://www.marketreportshub.com/drilling-completion-fluids-industry-research-marketsandmarkets.html .
Drilling fluids are used during drilling activity for providing lubrication, removal and transport, cooling of the drill bit, rock cutting, and for improving the overall drilling operation. Drilling fluids are essential to recover oil from new gas and oil fields from the reservoirs lying in remote and unfriendly environments where extraction relies exclusively on drilling fluids. Increasing production of crude oil is driving the demand for global drilling fluids across. Consumption of drilling fluids depends on the depth of drilling and location of reservoirs.
Drilling and completion fluids are witnessing substantial demand across NA because of the increased drilling activities in countries such as the Canada and U.S. Increase in onshore drilling activities leads to an increase in the market size of drilling and completion fluids. Rise in the drilling activities in the new offshore reserves propels the market for drilling and completion fluids.
Companies profiled in drilling and completion fluids market research report are Anchor Drilling Fluids Usa Inc., Akzonobel NV, Baker Hughes Inc., Canadian Energy Services, Chevron Phillips Chemical Company LLC, Global Drilling Fluids & Chemicals Ltd., Halliburton, M-I Swaco, New Park Resources Inc., National Oilwell Varco Inc., SCOMI Group BHD, Secure Energy Services Inc., Tetra Technologies Inc., and Weatherford International Ltd. Order a copy of this report at http://www.marketreportshub.com/purchase?rpid=2436 .
The drilling and completion fluids market is also analyzed with respect to Porter's Five Forces model. Different market forces, namely, the bargaining power of suppliers, the bargaining power of buyers, intensity of rivalry, threat of new entrants, and threat of substitutes are analyzed with respect to the drilling and completion fluids industry. The report also provides a competitive landscape of main market players around the globe that includes developments, mergers and acquisition, expansion and investments, new technologies developments, agreements and contracts, and others. The developments carried out by key market players reflect their individual growth strategies as well as the general trend followed by other market players.
Priced at US$ 4650 for single user license, inquire for discount on this research report at http://www.marketreportshub.com/discount?rpid=2436 .
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Explore more reports by MarketsandMarkets on energy and power as well as related industry segments at http://www.marketreportshub.com/categories/energy-power .
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