DUBLIN, May 21, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2cnq2z/north_america) has announced the addition of the "North America Drilling and Completion Fluids Market by Type (Water Based, Synthetic Based, Oil Based & others), By Application (onshore & Offshore), By Countries - Regional Trend & Forecast to 2019" report to their offering.
The North America drilling and completion fluids market is expected to grow at a CAGR of 4.2% from 2014 to 2019
Continuous increase in energy demand, growth in drilling & oil production activities, increasing technological advancements, and rise in exploration of oil & gas reserves are the key drivers of the North America drilling and completion fluids market. Fall in crude oil prices, strict government & environmental policies, and high market competition are the major restraints of this market. The U.S. alone accounts for approximately 83% of the total market share. Canada, on the other hand, is an emerging market for drilling and completion fluid services.
In this report, the market has been broadly classified into the type of fluid, on the basis of base fluid. The categories include oil-based system, water-based system, synthetic-based system, and others. The water-based system drilling and completion fluid is estimated to generate the maximum revenue, followed by oil-based system and synthetic-based system, respectively.
The U.S. is the market leader in the North America drilling and completion fluids market because maximum drilling and exploration activities take place in the U.S. The country is the market leader in the North American oil & gas sector, and onshore drilling activities are on a continuous rise, providing opportunities to key players. The U.S. is the most prominent country and a huge market for drilling and completion fluids. After the U.S., Canada holds the remaining share in the drilling and completion fluids market, and is projected to grow at a CAGR of 4.8% during the forecast period.
On the basis of application, the drilling and completion fluids market has been segmented into onshore and offshore regions. In this, onshore occupies the majority of share in the total market of drilling and completion fluids. Major companies involved in this market include Baker Hughes, Halliburton, M-I Swaco, Newpark Resource Inc., and Anchor Drilling.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 North America Drilling and Completion Fluids Market, By Application
6 North America Drilling and Completion Fluids Market, By Type
7 Drilling and Completion Fluids Market, By Country
8 North America Drilling and Completion Fluids Market: Competitive Landscape
9 Company Profiles
- Baker Hughes
- M-I Swaco
- National Oilwell Varco Ltd.
- Newpark Resources Inc.
- Tetra Technologies Inc.
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/2cnq2z/north_america
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SOURCE Research and Markets