GrandViewResearch.com has announced the addition of "Global Drilling Fluids Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.

1. World Drilling Fluids Industry Analysis, Size,
Trends And Forecast to 2020 : Grand View
Research
GrandViewResearch.com has announced the addition of "Global Drilling Fluids Market
Analysis And Segment Forecasts To 2020" Market Research report to their Database.
San Francisco, CA, May 14, 2014 -- Global Drilling Fluids Market is expected to
reach USD 14.92 billion by 2020, according to a new study by Grand View Research,
Inc. Increasing drilling activities mainly in South America and Asia Pacific is expected to
drive the market for drilling fluids. Grand View Research also observes that depleting
natural has been prompting industry players to shift their focus towards exploring and
developing unconventional gas reserves which promotes the use of horizontal drilling and
is expected to translate into enhanced fluid demand.
Water based fluids (WBF) were the most consumed drilling fluids around the world and
accounted for 56% of the total market revenue in 2013. WBFs are also expected to be the
fastest growing drilling fluid products, at an estimated CAGR of 8.8% from 2014 to
2020. WBFs were followed by oil-based fluids (OBF) which accounted for just over 30%
of the total market for the same year. However, the growing environmental concerns
regarding the use of OBFs in drilling activities is expected to hamper its market growth
over the forecast period.
The report “Drilling Fluids Market Analysis By Product (OBF, SBF, WBF), By
Application (Offshore, Onshore) And Segment Forecasts To 2020” is available now
to Grand View Research customers and can also be purchased directly at
http://www.grandviewresearch.com/industry-analysis/drilling-fluids-market-
analysis
Inquiry Before Buying @ https://www.grandviewresearch.com/inquiry/347
Further key findings from the study suggest:
• The global market for drilling fluids was estimated to be USD 8.16 billion in 2013, and
is expected to grow at a CAGR of 8.2% from 2014 to 2020.

2. • North America continued its dominance in the global market and accounted for 55.5%
of total market revenue in 2013. However, increasing drilling activities in Latin America
and Asia Pacific is expected to boost the demand for drilling fluids in these two regions
over the next six years. The demand for drilling fluids in Central and South America is
expected to grow at an estimated CAGR of 10.3% from 2014 to 2020.
• Drilling fluids are majorly used for onshore oil & gas drilling owing to large number of
onshore oil and gas reserves around the world. Onshore oil & gas accounted for 71.6% of
total market revenue in 2013. Increasing deep sea drilling activities in Gulf of Mexico,
Brazil offshore and West Africa is expected to boost the demand for drilling fluids in
offshore applications.
• The global market for drilling fluids is highly concentrated as top four companies
including Schlumberger, Halliburton, Baker Hughes and Newpark accounted for over
70% of the total market in 2013. Weatherford International, Tetra Tech, Canadian Energy
Services, China Oilfield and Anchor Drilling were amongst other significant market
participants.
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analysis/request
For the purpose of this study, Grand View Research has segmented the global drilling
fluids market on the basis of product, application and region:
• Global Drilling Fluids Product Outlook (Revenue, USD Million, 2012 - 2020)
- Oil-Based Fluids (OBF)
- Water-Based Fluids (WBF)
- Synthetics-Based Fluids (SBF)
• Global Drilling Fluids Application Outlook (Revenue, USD Million, 2012 - 2020)
- Onshore
- Offshore
• Drilling Fluids Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Central & South America
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