DUBLIN, Sept. 12, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Latin America Drilling Fluids Market (By Product Segment - Water-based, Oil-based and Synthetic Drilling Fluids): Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.

http://photos.prnewswire.com/prnh/20130307/600769

Rising offshore drilling activities coupled with a paradigm shift towards the development of shale gas and deep-sea reserves is expected to drive the drilling fluids market in Latin America from 2014 to 2020. Currently, manufacturers of drilling fluids are involved in a transition phase; they are striving to capitalize on increasing demand for drilling fluids in offshore areas of Brazil and Venezuela and onshore unconventional reserves of Argentina and Venezuela. However, the drilling fluids industry in Latin America is affected by various factors such as stringent government regulations, lack of infrastructure and rising demand for oil and gas.

This report analyzes and forecasts the drilling fluids market in Latin America in terms of revenue (USD Million) and volume (Kilo Tons) from 2012 to 2020. The report also estimates revenue and volume for major countries in Latin America such as Argentina, Brazil and Venezuela. Additionally, the report analyzes major driving and restraining factors for drilling fluids and highlights potential opportunities for the drilling fluids market in the near future.

Drivers, restraints and opportunities for the drilling fluids market are recognized and articulated after conducting in-depth analysis of the oil and gas industry in Latin America. Growth of the oil and gas industry in the region is determined primarily by the government or state-owned oil and gas companies such as Petrobras (Petróleo Brasileiro S.A.), YPF (Yacimientos Petrolíferos Fiscales) and PDVSA (Petróleos de Venezuela, S.A.). Furthermore, the monopoly prevalent in the market directly affects drilling fluids companies operating in Latin America.

Market segmentation of the study is based on product segments including water-based drilling fluids (WBFs), oil-based drilling fluids (OBFs) and synthetic drilling fluids (SBFs). It involves further analysis of sub-segments of each product type in countries in Latin America. Market revenue and volume of the drilling fluids categories mentioned above is also provided for countries, with detailed analysis of the drilling fluids market in Latin America.

Water-based drilling fluids (WBFs) are further segmented into dispersed and non-dispersed types. The report is customized as per the client's requirement to provide an in-depth analysis of the drilling fluids market in Latin America with a detailed analysis of countries such as Brazil, Argentina and Venezuela. The report further offers a combined brief overview of drilling fluids with Ecuador, Colombia, Peru and Bolivia, categorized under the others segment. Additionally, the report covers entire oil and gas based application areas of drilling fluids, including onshore and offshore activities.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Drilling Fluids Market - Latin America Industry Analysis

Chapter 4 Latin America Drilling Fluids Market - Product Segment Analysis

Chapter 5 Latin America Drilling Fluids Market - Technology Analysis

Chapter 6 Latin America Drilling Fluids Market - Country wise Analysis

Chapter 7 Company Profiles

Companies Mentioned:

• Baker Hughes Incorporated
• Halliburton Company
• Imdex Limited
• National Oilwell Varco
• Newpark Resources, Inc.
• Schlumberger Limited
• Unique Drilling Fluids, Inc.
• Weatherford International Limited

For more information visit http://www.researchandmarkets.com/research/pgjmm6/latin_america

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets