2017 Forecast - Drilling and Completion Fluids Global Market, Industry Size, Share, Analysis and Opportunities to 2023
Latest industry research report on Drilling and Completion Fluids Market. Drilling and completion fluids are used mainly in drilling tasks and to perform several activities. Often, referred as drilling mud the drilling fluid is actually a composite fluid. The fluid mixture contains clay, chemical and water. Oil is also used instead of water to get desirable properties. Besides using these fluids to reduce the friction end customers use drilling fluids to control formation pressure. They are mainly used to minimize formation damage as well as transport and move solids.
Rising demand for cutting edge drilling technology has resulted in the growth of the drilling and completion fluids market.
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In addition, application of nanotechnology to curb technological as well as environmental issues is driving the market worldwide. Moreover, future trends such as sustainability and eco friendly drilling fluids are expected to create greater opportunities. State-of-the-art components that are environment friendly would keep the future of the market robust.
The world drilling and completion fluids market is segmented on the basis of application, types and geography.
Drilling and Completion Fluids Market By Application
- Onshore
- Offshore
Drilling and Completion Fluids Market By Type
- Synthetic-based Systems
- Water based Systems
- Oil based Systems
- Others
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Drilling and Completion Fluids Market By Geography
- North America
- Europe
- Asia Pacific
- LAMEA
Key Players
- Secure Energy Services
- Geo Drilling Fluids
- AkzoNobel
- Chevron Phillips Chemical Company
- Global Drilling Fluids & Chemicals
- National Oilwell Varco
- Hitech Fluid Systems
- Canadian Energy Services
- Newpark Resources
- Tetra Technologies
- Scomi Group
- Weatherford, Cp Kelco
- Lamberti
- Imdex
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