According to a new report published by Allied Market Research, titled, "Drilling Fluids Market: Global Opportunity Analysis and Industry Forecast, 2020–2027". The report has offered an all-inclusive analysis of the global drilling fluids market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

The development of the oil & gas industry has resulted in increase in drilling activities, which, in turn, has significantly contributed toward the growth of the drilling fluids market. Drilling requires high temperature and high-pressure conditions. Horizontal and deeper wells face a range of drilling, constancy, pressure, and other issues that require high volume of drilling fluids for offshore and onshore oil & gas applications, such as oil-based fluids, water-based fluids, non-aqueous fluids, and synthetic fluids. This is expected to boost the demand for drilling fluids.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The report presents in-depth insights into each of the leading drilling fluids market end user verticals along with annual forecasts to 2027. The report provides revenue forecast with sales, and sales growth rate of the global drilling fluids market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Top 10 leading companies in the global drilling fluids market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and products and services. The key players operating in the global drilling fluids industry include BHGE (U.S.), Halliburton Company (U.S.), Schlumberger (U.S.), New park Resources (U.S.), Weatherford, (Switzerland), Tetra Technologies (U.S.).

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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

Key Benefits

• The report provides a qualitative and quantitative analysis of the current drilling fluids market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the drilling fluids industry.

Highlights of the Report

-      Competitive landscape of the drilling fluids market.

-      Revenue generated by each segment of the drilling fluids market by 2027.

-      Factors expected to drive and create new opportunities in the drilling fluids industry.

-      Strategies to gain sustainable growth of the market.

-      Region that would create lucrative business opportunities during the forecast period.

-      Top impacting factors of the drilling fluids market.

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The global Drilling Fluids Market is projected to witness an incremental growth by 2025, exhibiting a CAGR of 3.7% during the forecast period of 2018 to 2025. Rapid surge in the product demand is credited to the rising number of drilling activities across the globe and shifting trend towards oil exploration. As a whole, the drilling fluid market is estimated to generate significant revenue during the forecast period, thereby offering numerous opportunities for investors to speed up research & development activities.

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Robust growth in oil & gas industry, particularly among developed economies is expected to drive the drilling fluids industry growth during the forecast period. In addition, offshore decommissioning services is expected to gain momentum in European & Middle-East region based on rising number of decommissioning projects in North Sea area, thus contributing to the rampant demand for drilling fluids. Moreover, adoption of advanced drilling techniques coupled with high-end productivity are expected to foster drilling fluids market growth in the upcoming years.

However, lowered cost of crude oil and massive slump in the drilling activities are some of the key challenges for market expansion, in the last few years. These factors are also expected to hamper overall productivity and operating profitability of upstream or exploration and production companies across the globe. Rise in the number of manufactures that are incorporating the cost-effective into their mass-market models is expected to pave a way for future market developments.

On May 2018, Ingevity has unveiled its brand new EnvaMulTM emulsifier product line of drilling fluids. EnvaMul emulsifiers are increasingly used for oil-based muds in drilling applications where cost is the primary driver. Availability of low cost solutions from Ingevity is expected to drive more customers towards the end of forecast period. The EnvaMul line of emulsifiers helps to limit fluid loss and improves rheology, electrical stability and solids control in a variety of mud systems.

The manufacturers of drilling fluids include Schlumberger Ltd., Halliburton Inc., Baker Hughes Inc., Newpark Resources Inc., National Oilwell Varco, Inc., Scomi Group Bhd, TETRA Technologies, Inc., Canadian Energy Services & Technology Corp., GEO Drilling Fluids, Inc., and Anchor Drilling Fluids USA, Inc.

Market Segment:

Drilling Fluids Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Oil based fluids
    • Water based fluids
    • Synthetic based fluids
    • Others

Drilling Fluids Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Onshore oil & gas
    • Offshore oil & gas

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The Middle East Drilling Fluid Market estimated to touch US$ 2.19 billion by the completion of the prediction period. The Middle East drilling fluid industry was appreciated by US$ 1.45 billion in the year 2014. The Middle East drilling fluid market is estimated to develop at a CAGR of 5.3% for the duration of the prediction.

Increasing worry about the failing wells, leak repression, and treatment of solid trashes is estimated to motivate the demand for the product above the prediction period. The progress of innovative drilling fluid chemicals, mainly for borehole necessitating horizontal boring, is expected to generate huge openings for the market.

Increasing worries about fitness, protection, and surroundings about discarding of carvings and release of sludge are expected to obstruct the progress of the market above the prediction period. Increasing worries regarding environment about the damaging properties of Oil-Based Fluids [OBF] are important to growing acceptance of Water-Based Fluid [WBF]. Due to its biodegradability physiognomies, Synthetic Based Drilling Fluid [SBF] is estimated to increase importance above the prediction period.

On the source of the Applications, the statement concentrates on the position and viewpoint for foremost uses/end users. It takes into consideration the intake in terms of sales, market stake, and development percentage of Middle East Drilling Fluid for respective use, including Offshore Oil & Gas, Onshore Oil & Gas.

The drilling fluid loosens manufacturing tools and decreases erosion in sensitive creations. Growing oil exploration & production [E&P] actions to satisfy increasing necessities of energy, estimated to motivate the demand for the product above the prediction period. The subdivision of onshore application was the biggest application sector of the market. It was responsible for above 70% stake of the market during the year 2014. Increasing demand for natural gas and crude oil in the UAE, Saudi Arabia and adjacent nations in the areas of Europe and Asia Pacific estimated to motivate onshore missions above the extended period.

The subdivision of offshore is estimated to observe a greater development above the prediction period. Increasing demand for the produce in distant sites, deep water and severe surroundings is likely to push the demand for the product above the prediction period. The division of the market of Middle East Drilling Fluid on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Water-Based Drilling Fluid, Oil-Based Drilling Fluid, Synthetic Drilling Fluid, and Others.

Water-Based Drilling Fluid [WBF] was the biggest subdivision of the product responsible for above 46% stake of the market income during 2014. The subdivision of Oil-Based Drilling Fluid [OBF] estimated to develop by a CAGR of above 4.0% for the period of prediction. Due to its improved oil-based, lubricity, are likely to increase importance above the prediction period. Due to growing demand for greater thermal constancy, and smaller erosion of boring apparatuses, Oil-Based Drilling Fluid likely to increase importance above the prediction period.

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Due to its small poisonousness, small possible bioaccumulation , and lesser loss of fluid than additional subdivisions of product , Synthetic Drilling Fluid [SBF] likely to increase importance above the prediction period. Increasing worry about downhole victims and repairs charges in deep-water missions has insisted oil & gas companies to change in the direction of effectual drilling fluids that too stand by ecological code of practice.

The Middle East Drilling Fluid market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span Kuwait, UAE, Qatar, Saudi Arabia, and Rest of Middle East.

By the source of geography, Saudi Arabia is the biggest provincial market in Middle East, due to growing demand for transport fuels and subdivision of power generation. A big sum of current jobs in the most important oilfields for example Shay bah, Safaniya, Khurais, and Ghawarare likely to perform an important part in the progress of oil & gas manufacturing in the area. Growing sum of rig totals in the area together with increasing number of deep-water findings in the Red Sea and Persian Gulf are expected to motivate the market of the product above the prediction period.

Qatar is expected to observe the maximum development in this market above the prediction period. Current expansions in oil & gas manufacturing for example newfangled agreements and savings to withstand yearly plans of production is likely to motivate action of oil & gas exploration & production in the area above the following years.

The statement revises Trades in terms of intake of Middle East Drilling Fluid in the market; particularly in Kuwait, UAE, Qatar, Saudi Arabia, and Rest of Middle East. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are Catalyst LLC. Oren Hydrocarbons, Schlumberger, Petrochem Performance Chemicals, New Park Resources, Weatherford, Halliburton, Diamoco Group, EMEC, Anchor Drilling fluid and Baker Hughes.

Market Segment:

Middle East Drilling Fluid Product Outlook (Revenue, USD Million, 2012 - 2022)
• Oil based fluid
• Synthetic drilling fluid
• Water based drilling fluid
• Others

Browse the Full Global Drilling Fluid Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2012 To 2022 Report at - https://www.millioninsights.com/industry-reports/middle-east-drilling-fluid-market

Middle East Drilling Fluid Application Outlook (Revenue, USD Million, 2012 - 2022)
• Onshore oil & gas
• Offshore oil & gas

Middle East Drilling Fluid Country Outlook (Revenue, USD Million, 2012 - 2022)
• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Rest of Middle East

The Global Horizontal Directional Drilling (HDD) Market is likely to grow at a significant CAGR during the forecast period. The tools used in the horizontal directional drilling (HDD) process have resulted out of oil well drilling industry. The apparatuses for horizontal drilling rig used in pipeline construction are identical to oil well drilling rig, the only difference being that a horizontal drilling rig is combined with an inclined ramp.

The pipeline installation under HDD model is completed in three stages. The first stage comprises directionally drilling a small diameter pilot hole along a defined path, followed by second entailing pilot hole to a diameter relevant for installation of pipeline and the third stage involving towing the pipeline back into the hole.
The drivers for horizontal directional drilling market comprise rise in population and the need for efficient power and distribution of natural gas. HDD technology brings out the drill technique that enables more control and precision that lowers environmental impact resulting into less traffic. However, lack of skilled personnel and contractors anticipated in creating challenges for the market growth during the forecast period. Horizontal directional drilling (HDD) market is segmented by end-use that comprises telecommunication and utilities. Utilities is quad furcated as power, water and gas distribution.

Geographical segmentation for horizontal directional drilling market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America accounts for a significant market share due to rise in consumer spending and rise in number of service outlets in the United States. Increasing capital investment, non-residential construction expenditure is anticipated to encourage the sales in this region.

European regions are likely to grow at a significant pace due to the rising investment in construction and telecommunication industry. The key players in the horizontal directional drilling (HDD) industry include Vermeer, Ditch Witch, Midwest Underground and Universal HDD.

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Market Segment:

HDD End-Use Outlook (Revenue, USD Billion, 2012 - 2022)
• Utilities
• Telecommunication
• Others

HDD Regional Outlook (Revenue, USD Billion, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Horizontal Directional Drilling- Industry snapshot and key buying criteria, 2012 - 2022

Chapter 3. 1.1. Horizontal Directional Drilling Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Horizontal Directional Drilling value chain analysis
3.4. Vendor Landscape
3.5. Horizontal Directional Drilling market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. HDD PESTEL analysis
3.9. Company market share analysis, 2014

Chapter 4. HDD End-Use Outlook
4.1. HDD market volume share by end-use, 2014 & 2022
4.2. Utilities
4.3. Telecommunication
4.4. Others

The report “Horizontal Directional Drilling (HDD) Market” is available now at https://www.millioninsights.com/industry-reports/horizontal-directional-drilling-market-size

Chapter 5. HDD Regional Outlook
5.1. Horizontal directional drilling market share by region, 2014 & 2022
5.2. North America
5.2.1. HDD market by end-use (USD Million), 2012 - 2022
5.3. Europe
5.3.1. HDD market by end-use (USD Million), 2012 - 2022
5.4. Asia Pacific
5.4.1. HDD market by end-use (USD Million), 2012 - 2022
5.5. Latin America
5.5.1. HDD market by end-use (USD Million), 2012 - 2022
5.6. MEA
5.6.1. HDD market by end-use (USD Million), 2012 - 2022

Chapter 6. Competitive Landscape
6.1. Ditch Witch
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2. Ferguson Michiana, Inc.
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3. General Electric
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4. Michels Corporation
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5. Midwest Underground Inc.
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6. Nabors Industries Ltd.
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7. Southeast Directional Drilling
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives

The global Downhole Drilling Tools market was valued at $XX million in 2018, and Radiant Insights analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Downhole Drilling Tools from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Downhole Drilling Tools market.

Leading players of Downhole Drilling Tools including:

• Baker Hughes

• Halliburton

• National Oilwell Varco

• Schlumberger

• Weatherford

• American Oilfield Tools

• Bilco Tools

• Challenger Downhole Tools

• Downhole Oil Tools

• Logan International

• Magnum Oil Tools

• Oil Tools International Services

• Schoeller-Bleckmann Oilfield Equipment

• Tasman

• Wenzel Downhole Tools

• Western Drilling Tools

• Carlisle Interconnect Technologies

• Cougar Drilling Solutions

• Stabiltec Downhole Tools

• Olympus Corporation

• Gearcon Drilling Tools

• Kennametal

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Market split by Type, can be divided into:

• Fixed Cutter Drill Bit

• Roller Cone Drill Bit

• Others

Market split by Application, can be divided into:

• Oil Field

• Gas Field

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Table of Contents

Chapter 1 Downhole Drilling Tools Market Overview

1.1 Downhole Drilling Tools Definition

1.2 Global Downhole Drilling Tools Market Size Status and Outlook (2013-2028)

1.3 Global Downhole Drilling Tools Market Size Comparison by Region (2013-2028)

1.4 Global Downhole Drilling Tools Market Size Comparison by Type (2013-2028)

1.5 Global Downhole Drilling Tools Market Size Comparison by Application (2013-2028)

1.6 Global Downhole Drilling Tools Market Size Comparison by Sales Channel (2013-2028)

1.7 Downhole Drilling Tools Market Dynamics

1.7.1 Market Drivers/Opportunities

1.7.2 Market Challenges/Risks

1.7.3 Market News (Mergers/Acquisitions/ Expansion)

Chapter 2 Downhole Drilling Tools Market Segment Analysis by Player

2.1 Global Downhole Drilling Tools Sales and Market Share by Player (2016-2018)

2.2 Global Downhole Drilling Tools Revenue and Market Share by Player (2016-2018)

2.3 Global Downhole Drilling Tools Average Price by Player (2016-2018)

2.4 Players Competition Situation & Trends

2.5 Conclusion of Segment by Player

For further inquiries, about - Global Downhole Drilling Tools Industry Analysis, Size, Growth, Trends and Forecast 2013 - 2028, click on this link – https://www.radiantinsights.com/research/2013-2028-report-on-global-downhole-drilling-tools-market

Chapter 3 Downhole Drilling Tools Market Segment Analysis by Type

3.1 Global Downhole Drilling Tools Market by Type

3.1.1 Fixed Cutter Drill Bit

3.1.2 Roller Cone Drill Bit

3.1.3 Others

3.2 Global Downhole Drilling Tools Sales and Market Share by Type (2013-2018)

3.3 Global Downhole Drilling Tools Revenue and Market Share by Type (2013-2018)

3.4 Global Downhole Drilling Tools Average Price by Type (2013-2018)

3.5 Leading Players of Downhole Drilling Tools by Type in 2018

3.6 Conclusion of Segment by Type

Chapter 4 Downhole Drilling Tools Market Segment Analysis by Application

4.1 Global Downhole Drilling Tools Market by Application

4.1.1 Oil Field

4.1.2 Gas Field

4.2 Global Downhole Drilling Tools Sales and Market Share by Application (2013-2018)

4.3 Leading Consumers of Downhole Drilling Tools by Application in 2018

4.4 Conclusion of Segment by Application

Chapter 5 Downhole Drilling Tools Market Segment Analysis by Sales Channel

5.1 Global Downhole Drilling Tools Market by Sales Channel

5.1.1 Direct Channel

5.1.2 Distribution Channel

5.2 Global Downhole Drilling Tools Sales and Market Share by Sales Channel (2013-2018)

5.3 Leading Distributors/Dealers of Downhole Drilling Tools by Sales Channel in 2018

5.4 Conclusion of Segment by Sales Channel