The U.S.onshore drilling fluids market is
expected to reach USD 1.22 billion by 2025, according to a new report by Grand
View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus,
Eagleford, Bakken, and Permian basins in the U.S. is expected to steer
boringmud demand in the region, over the forecast period.
OBF accounted over 27% of market in 2016
and is expected to lose share to the WBF systems over the forecast period.
Owing to its enhanced lubricity, OBF are expected to sustain its significance
over the forecast period. OBF minimizes torque and drag of drill pipes, thereby
reducing corrosion of boring tools in deviated wellbore activities.
Bakken accounted for over 44% of the U.S.
proven oil reserves and over 40% of the global proven natural gas reserves in
2014. The presence of large number of unexplored hydrocarbon rich reserves, in
onshore basins, coupled with the large dependency of the regional economy on
the oil & gas industry is expected have immense potential in the near
future.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/us-onshore-drilling-fluids-market
Further key findings from the report suggest:
·
The water-based segment of U.S. onshore
drilling fluids industry was valued over USD 530 million in 2016 on account of
growing concern towards toxicity and biodegradation of oil-based fluids
·
Weighting agents dominated the U.S. OBF
additives demand and accounted for over 57% of the total revenuein 2016
·
Surfactants, emulsifiers, & wetting
agent segment emerged as the fastest growing segment in synthetic mud additives
market with a CAGR of 4.8% from 2017 to 2025
·
Viscosifiers demand for the
Permianwater-based drilling mudadditives was valued over USD 7 million in 2016
and is anticipated to witness moderate growth over the next few years
·
Eagle Fordemerged as the largest onshore
market in 2016, accounting for 38.3% of the total revenue share in 2016
·
The WBF segment in Niobrara basinis
projected to witness fastest growth over the forecast period and estimated to
reach USD 43.8 million by 2025
·
Key players such as Schlumberger,
Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids,
Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market
over the past few years
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has segmented the U.S.
onshore drilling fluids market on the basis of product, and region:
U.S. Onshore Drilling Fluids Product Outlook (Revenue,
USD Million, 2014 - 2025)
·
Oil-Based (OBF)
·
Water-Based (WBF)
·
Synthetic-Based (SBF)
·
Others
U.S. Onshore Drilling Fluids Product Outlook (Revenue,
USD Million, 2014 - 2025)
·
OBF Additives
o Protective chemicals
o Viscosifiers
o Fluid Loss Control Additives
o Dispersants
o Wetting Agents
o Weighting Agents
o Lost circulation materials
o Thinners
o Others
·
SBF Additives
o Rheology Modifiers
o Viscosifiers
o Fluid Loss Control Additives
o Protective chemicals
o Surfactants
o Thinners
o Wetting Agents
o Others
·
WBF Additives
o Weighting Agents
o Protective chemicals
o Alkalinity & pH Control Materials
o Viscosifiers
o Fluid Loss Control Additives
o Shale Stabilizers
o Thinners
o Lost Circulation Materials
o Surfactants
o Defoamers
o Others
U.S.
Onshore Drilling Fluids Basin Outlook (Revenue, USD Million, 2014 - 2025)
·
Permian
·
Eagle Ford
·
Niobrara
·
Bakken
·
Utica
·
Marcellus
·
Others
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/us-onshore-drilling-fluids-market-analysis
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment