About Drilling and Completion Fluids

Drilling fluids are primarily composed of bentonite that is mixed in a certain concentration with water or oil, mainly serves the purpose of lubrication and cooling of the drill bit and drill string and transporting the drill cuttings to the surface. Completion fluids are used during well completions in activities such as hydraulic fracturing and well stimulation.

Technavio’s analysts forecast the global drilling and completion fluids market to grow at a CAGR of 6.58% during the period 2017-2021.


Covered in this Report
The report covers the present scenario and the growth prospects of the global drilling and completion fluids market for 2017-2021. To calculate the market size, the report considers the new sales value of drilling and completion fluids used in an oil well and exclude aftermarket and retrofit markets.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Drilling and Completion Fluids Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key Vendors

  • General Electric
  • Halliburton
  • Schlumberger
  • TETRA Technologies
  • Weatherford



Other Prominent Vendors

  • AES Drilling Fluids
  • Akzo Nobel
  • Anchor Drilling Fluids
  • BASF
  • Calumet Specialty Products
  • CES Energy Solutions
  • ChemSol
  • Chevron Phillips Chemical
  • CP Kelco
  • Drilling Fluids Technology
  • Ecolab
  • Flotek Industries
  • GEO Drilling Fluids
  • Gumpro Drilling Fluids
  • IMDEX
  • Lamberti
  • National Oilwell Varco
  • Newpark Resources
  • Royal Dutch Shell
  • Scomi Group
  • Stepan
  • Tiger Fluids
  • Wacker Chemie
  • WorkSafeBC



Market Driver

  • Rise in unconventional oil and gas resources
  • For a full, detailed list, view our report




Market Challenge

  • Decline in investments in upstream sector
  • For a full, detailed list, view our report




Market Trend

  • Supercritical carbon dioxide in shale gas fracking
  • For a full, detailed list, view our report




Key Questions Answered in this Report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?





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Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.