Drilling and Completion Fluids Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR70833
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The drilling and completion fluids market has the potential to grow by $ 3.99 bn during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.63%.

This drilling and completion fluids market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Application (Onshore and Offshore) and Geography (North America, MEA, APAC, South America, and Europe). The drilling and completion fluids market report also offers information on several market vendors, including Baker Hughes Co., CES Energy Solutions Corp., Chevron Phillips Chemical Co. LLC, Halliburton Co., Newpark Resources Inc., NOV Inc., Schlumberger Ltd., Scomi Group Bhd, TETRA Technologies Inc., and Weatherford International Plc among others.

What will the Drilling And Completion Fluids Market Size be in 2021?

Drilling-And-Completion-Fluids-Market-Market-Size-2020-2025

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Drilling And Completion Fluids Market: Key Drivers and Trends

Based on our research output, there has been a NEGATIVE impact on the market growth during and post COVID-19 era. The increasing global rig activity is notably driving the drilling and completion fluids market growth, although factors such as growing adoption of renewable sources of energy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the drilling and completion fluids market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This drilling and completion fluids market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Drilling And Completion Fluids Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Baker Hughes Co.
  • CES Energy Solutions Corp.
  • Chevron Phillips Chemical Co. LLC
  • Halliburton Co.
  • Newpark Resources Inc.
  • NOV Inc.
  • Schlumberger Ltd.
  • Scomi Group Bhd
  • TETRA Technologies Inc.
  • Weatherford International Plc

The vendor landscape of the drilling and completion fluids market entails successful business strategies deployed by the vendors. The drilling and completion fluids market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the drilling and completion fluids market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Drilling And Completion Fluids Market?

Drilling-And-Completion-Fluids-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from North America during the forecast period. US, Saudi Arabia, China, Canada, and Russian Federation are the key markets for drilling and completion fluids market in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing investments in oil and gas E&P activities will facilitate the drilling and completion fluids market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Drilling And Completion Fluids Market?

Drilling-And-Completion-Fluids-Market-Market-Share-by-Application-2020-2025

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The drilling and completion fluids market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the drilling and completion fluids market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Drilling And Completion Fluids Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.63%

Market growth 2021-2025

$ 3.99 billion

Market structure

Fragmented

YoY growth (%)

6.11

Regional analysis

North America, MEA, APAC, South America, and Europe

Performing market contribution

North America at 44%

Key consumer countries

US, Saudi Arabia, China, Canada, and Russian Federation

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Baker Hughes Co., CES Energy Solutions Corp., Chevron Phillips Chemical Co. LLC, Halliburton Co., Newpark Resources Inc., NOV Inc., Schlumberger Ltd., Scomi Group Bhd, TETRA Technologies Inc., and Weatherford International Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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What are the Key Factors Covered in this Drilling And Completion Fluids Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive drilling and completion fluids market growth during the next five years
  • Precise estimation of the drilling and completion fluids market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the drilling and completion fluids market across North America, MEA, APAC, South America, and Europe 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of drilling and completion fluids market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The drilling and completion fluids market growth will increase by $3993.44 million during 2020-2025.
The drilling and completion fluids market is expected to grow at a CAGR of 6.63% during 2020-2025.
Technavio has segmented the drilling and completion fluids market by application (Onshore and Offshore) and geographic (North America, MEA, APAC, South America, and Europe).
Baker Hughes Co., CES Energy Solutions Corp., Chevron Phillips Chemical Co. LLC, Halliburton Co., Newpark Resources Inc., NOV Inc., Schlumberger Ltd., Scomi Group Bhd, TETRA Technologies Inc., Weatherford International Plc are a few of the key vendors in the drilling and completion fluids market.
North America will register the highest growth rate of 43.78% among the other regions. Therefore, the drilling and completion fluids market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Saudi Arabia
  • China
  • Canada
  • Russian Federation
The key factors driving the drilling and completion fluids market growth are:
  • Increasing global rig activity
The drilling and completion fluids market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
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