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Global Drilling Fluid Market Research Report 2025
Synopsis
Drilling fluid is any fluid that circulated in the borehole to help in carrying out a cost-effective and efficient drilling operation resulting in stable and gauged borehole to targeted depth with minimum possible damage to prospective formations.
Drilling fluid, also called drilling mud is used to aid the drilling of boreholes into the earth. Often used while drilling oil and natural gas wells and on exploration drilling rigs, drilling fluids are also used for much simpler boreholes, such as water wells. One of the functions of drilling mud is to carry cuttings out of the hole.
The main functions of drilling fluids include providing hydrostatic pressure to prevent formation fluids from entering into the well bore, keeping the drill bit cool and clean during drilling, carrying out drill cuttings, and suspending the drill cuttings while drilling is paused and when the drilling assembly is brought in and out of the hole. The drilling fluid used for a particular job is selected to avoid formation damage and to limit corrosion.
The global Drilling Fluid market was valued at US$ 9711 million in 2023 and is anticipated to reach US$ 13480 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.
Global key players of drilling fluids include Schlumberger, Halliburton, Baker Hughes, etc. America is the largest producer of semiconductor sealing products, holds a share over 50%, followed by Asia-Pacific, and Europe. In terms of product, water based fluids (WBF) is the largest segment, with a share about 50%. And in terms of application, the largest segment is onshore drilling, with a share about 75%.
This report aims to provide a comprehensive presentation of the global market for Drilling Fluid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drilling Fluid.
Report Scope
The Drilling Fluid market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Drilling Fluid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Drilling Fluid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Schlumberger (M-I Swaco)
Halliburton
Baker Hughes
Newpark Resources
Tetra Technologies
Canadian Energy Services & Technology
National Oilwell Varco
Scomi Group Bhd
Secure Energy Services
Weatherford International
Anchor Drilling Fluids USA
Global Drilling Fluids & Chemicals
PetroChina
Sinopec
CNOOC
Segment by Type
Oil-Based Fluids (OBF)
Water Based Fluids (WBF)
Others
Segment by Application
Onshore Oil
Offshore Oil
Natural Gas Industry
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Drilling Fluid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Drilling Fluid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Drilling Fluid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Drilling fluid is any fluid that circulated in the borehole to help in carrying out a cost-effective and efficient drilling operation resulting in stable and gauged borehole to targeted depth with minimum possible damage to prospective formations.
Drilling fluid, also called drilling mud is used to aid the drilling of boreholes into the earth. Often used while drilling oil and natural gas wells and on exploration drilling rigs, drilling fluids are also used for much simpler boreholes, such as water wells. One of the functions of drilling mud is to carry cuttings out of the hole.
The main functions of drilling fluids include providing hydrostatic pressure to prevent formation fluids from entering into the well bore, keeping the drill bit cool and clean during drilling, carrying out drill cuttings, and suspending the drill cuttings while drilling is paused and when the drilling assembly is brought in and out of the hole. The drilling fluid used for a particular job is selected to avoid formation damage and to limit corrosion.
The global Drilling Fluid market was valued at US$ 9711 million in 2023 and is anticipated to reach US$ 13480 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.
Global key players of drilling fluids include Schlumberger, Halliburton, Baker Hughes, etc. America is the largest producer of semiconductor sealing products, holds a share over 50%, followed by Asia-Pacific, and Europe. In terms of product, water based fluids (WBF) is the largest segment, with a share about 50%. And in terms of application, the largest segment is onshore drilling, with a share about 75%.
This report aims to provide a comprehensive presentation of the global market for Drilling Fluid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drilling Fluid.
Report Scope
The Drilling Fluid market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Drilling Fluid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Drilling Fluid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Schlumberger (M-I Swaco)
Halliburton
Baker Hughes
Newpark Resources
Tetra Technologies
Canadian Energy Services & Technology
National Oilwell Varco
Scomi Group Bhd
Secure Energy Services
Weatherford International
Anchor Drilling Fluids USA
Global Drilling Fluids & Chemicals
PetroChina
Sinopec
CNOOC
Segment by Type
Oil-Based Fluids (OBF)
Water Based Fluids (WBF)
Others
Segment by Application
Onshore Oil
Offshore Oil
Natural Gas Industry
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Drilling Fluid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Drilling Fluid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Drilling Fluid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Drilling Fluid Market Overview
1.1 Product Definition
1.2 Drilling Fluid Segment by Type
1.2.1 Global Drilling Fluid Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Oil-Based Fluids (OBF)
1.2.3 Water Based Fluids (WBF)
1.2.4 Others
1.3 Drilling Fluid Segment by Application
1.3.1 Global Drilling Fluid Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Onshore Oil
1.3.3 Offshore Oil
1.3.4 Natural Gas Industry
1.4 Global Market Growth Prospects
1.4.1 Global Drilling Fluid Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Drilling Fluid Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Drilling Fluid Production Estimates and Forecasts (2019-2030)
1.4.4 Global Drilling Fluid Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Drilling Fluid Production Market Share by Manufacturers (2019-2024)
2.2 Global Drilling Fluid Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Drilling Fluid, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Drilling Fluid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Drilling Fluid Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Drilling Fluid, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Drilling Fluid, Product Offered and Application
2.8 Global Key Manufacturers of Drilling Fluid, Date of Enter into This Industry
2.9 Drilling Fluid Market Competitive Situation and Trends
2.9.1 Drilling Fluid Market Concentration Rate
2.9.2 Global 5 and 10 Largest Drilling Fluid Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Drilling Fluid Production by Region
3.1 Global Drilling Fluid Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Drilling Fluid Production Value by Region (2019-2030)
3.2.1 Global Drilling Fluid Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Drilling Fluid by Region (2025-2030)
3.3 Global Drilling Fluid Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Drilling Fluid Production by Region (2019-2030)
3.4.1 Global Drilling Fluid Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Drilling Fluid by Region (2025-2030)
3.5 Global Drilling Fluid Market Price Analysis by Region (2019-2024)
3.6 Global Drilling Fluid Production and Value, Year-over-Year Growth
3.6.1 North America Drilling Fluid Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Drilling Fluid Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Drilling Fluid Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Drilling Fluid Production Value Estimates and Forecasts (2019-2030)
4 Drilling Fluid Consumption by Region
4.1 Global Drilling Fluid Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Drilling Fluid Consumption by Region (2019-2030)
4.2.1 Global Drilling Fluid Consumption by Region (2019-2024)
4.2.2 Global Drilling Fluid Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Drilling Fluid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Drilling Fluid Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Drilling Fluid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Drilling Fluid Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Drilling Fluid Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Drilling Fluid Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Drilling Fluid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Drilling Fluid Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Drilling Fluid Production by Type (2019-2030)
5.1.1 Global Drilling Fluid Production by Type (2019-2024)
5.1.2 Global Drilling Fluid Production by Type (2025-2030)
5.1.3 Global Drilling Fluid Production Market Share by Type (2019-2030)
5.2 Global Drilling Fluid Production Value by Type (2019-2030)
5.2.1 Global Drilling Fluid Production Value by Type (2019-2024)
5.2.2 Global Drilling Fluid Production Value by Type (2025-2030)
5.2.3 Global Drilling Fluid Production Value Market Share by Type (2019-2030)
5.3 Global Drilling Fluid Price by Type (2019-2030)
6 Segment by Application
6.1 Global Drilling Fluid Production by Application (2019-2030)
6.1.1 Global Drilling Fluid Production by Application (2019-2024)
6.1.2 Global Drilling Fluid Production by Application (2025-2030)
6.1.3 Global Drilling Fluid Production Market Share by Application (2019-2030)
6.2 Global Drilling Fluid Production Value by Application (2019-2030)
6.2.1 Global Drilling Fluid Production Value by Application (2019-2024)
6.2.2 Global Drilling Fluid Production Value by Application (2025-2030)
6.2.3 Global Drilling Fluid Production Value Market Share by Application (2019-2030)
6.3 Global Drilling Fluid Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Schlumberger (M-I Swaco)
7.1.1 Schlumberger (M-I Swaco) Drilling Fluid Corporation Information
7.1.2 Schlumberger (M-I Swaco) Drilling Fluid Product Portfolio
7.1.3 Schlumberger (M-I Swaco) Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Schlumberger (M-I Swaco) Main Business and Markets Served
7.1.5 Schlumberger (M-I Swaco) Recent Developments/Updates
7.2 Halliburton
7.2.1 Halliburton Drilling Fluid Corporation Information
7.2.2 Halliburton Drilling Fluid Product Portfolio
7.2.3 Halliburton Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Halliburton Main Business and Markets Served
7.2.5 Halliburton Recent Developments/Updates
7.3 Baker Hughes
7.3.1 Baker Hughes Drilling Fluid Corporation Information
7.3.2 Baker Hughes Drilling Fluid Product Portfolio
7.3.3 Baker Hughes Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Baker Hughes Main Business and Markets Served
7.3.5 Baker Hughes Recent Developments/Updates
7.4 Newpark Resources
7.4.1 Newpark Resources Drilling Fluid Corporation Information
7.4.2 Newpark Resources Drilling Fluid Product Portfolio
7.4.3 Newpark Resources Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Newpark Resources Main Business and Markets Served
7.4.5 Newpark Resources Recent Developments/Updates
7.5 Tetra Technologies
7.5.1 Tetra Technologies Drilling Fluid Corporation Information
7.5.2 Tetra Technologies Drilling Fluid Product Portfolio
7.5.3 Tetra Technologies Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Tetra Technologies Main Business and Markets Served
7.5.5 Tetra Technologies Recent Developments/Updates
7.6 Canadian Energy Services & Technology
7.6.1 Canadian Energy Services & Technology Drilling Fluid Corporation Information
7.6.2 Canadian Energy Services & Technology Drilling Fluid Product Portfolio
7.6.3 Canadian Energy Services & Technology Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Canadian Energy Services & Technology Main Business and Markets Served
7.6.5 Canadian Energy Services & Technology Recent Developments/Updates
7.7 National Oilwell Varco
7.7.1 National Oilwell Varco Drilling Fluid Corporation Information
7.7.2 National Oilwell Varco Drilling Fluid Product Portfolio
7.7.3 National Oilwell Varco Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.7.4 National Oilwell Varco Main Business and Markets Served
7.7.5 National Oilwell Varco Recent Developments/Updates
7.8 Scomi Group Bhd
7.8.1 Scomi Group Bhd Drilling Fluid Corporation Information
7.8.2 Scomi Group Bhd Drilling Fluid Product Portfolio
7.8.3 Scomi Group Bhd Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Scomi Group Bhd Main Business and Markets Served
7.7.5 Scomi Group Bhd Recent Developments/Updates
7.9 Secure Energy Services
7.9.1 Secure Energy Services Drilling Fluid Corporation Information
7.9.2 Secure Energy Services Drilling Fluid Product Portfolio
7.9.3 Secure Energy Services Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Secure Energy Services Main Business and Markets Served
7.9.5 Secure Energy Services Recent Developments/Updates
7.10 Weatherford International
7.10.1 Weatherford International Drilling Fluid Corporation Information
7.10.2 Weatherford International Drilling Fluid Product Portfolio
7.10.3 Weatherford International Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Weatherford International Main Business and Markets Served
7.10.5 Weatherford International Recent Developments/Updates
7.11 Anchor Drilling Fluids USA
7.11.1 Anchor Drilling Fluids USA Drilling Fluid Corporation Information
7.11.2 Anchor Drilling Fluids USA Drilling Fluid Product Portfolio
7.11.3 Anchor Drilling Fluids USA Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Anchor Drilling Fluids USA Main Business and Markets Served
7.11.5 Anchor Drilling Fluids USA Recent Developments/Updates
7.12 Global Drilling Fluids & Chemicals
7.12.1 Global Drilling Fluids & Chemicals Drilling Fluid Corporation Information
7.12.2 Global Drilling Fluids & Chemicals Drilling Fluid Product Portfolio
7.12.3 Global Drilling Fluids & Chemicals Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Global Drilling Fluids & Chemicals Main Business and Markets Served
7.12.5 Global Drilling Fluids & Chemicals Recent Developments/Updates
7.13 PetroChina
7.13.1 PetroChina Drilling Fluid Corporation Information
7.13.2 PetroChina Drilling Fluid Product Portfolio
7.13.3 PetroChina Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.13.4 PetroChina Main Business and Markets Served
7.13.5 PetroChina Recent Developments/Updates
7.14 Sinopec
7.14.1 Sinopec Drilling Fluid Corporation Information
7.14.2 Sinopec Drilling Fluid Product Portfolio
7.14.3 Sinopec Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Sinopec Main Business and Markets Served
7.14.5 Sinopec Recent Developments/Updates
7.15 CNOOC
7.15.1 CNOOC Drilling Fluid Corporation Information
7.15.2 CNOOC Drilling Fluid Product Portfolio
7.15.3 CNOOC Drilling Fluid Production, Value, Price and Gross Margin (2019-2024)
7.15.4 CNOOC Main Business and Markets Served
7.15.5 CNOOC Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Drilling Fluid Industry Chain Analysis
8.2 Drilling Fluid Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Drilling Fluid Production Mode & Process
8.4 Drilling Fluid Sales and Marketing
8.4.1 Drilling Fluid Sales Channels
8.4.2 Drilling Fluid Distributors
8.5 Drilling Fluid Customers
9 Drilling Fluid Market Dynamics
9.1 Drilling Fluid Industry Trends
9.2 Drilling Fluid Market Drivers
9.3 Drilling Fluid Market Challenges
9.4 Drilling Fluid Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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