Drilling and Completion Fluids Market PDF: Global Size, Share, Trends, Analysis, Growth & Forecast to 2020-2025

1. Global Drilling and Completion Fluids Market Research Report and Forecast 2025 Report Edition: 2020 © 2020 IMARC All Rights Reserved Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Drilling and Completion Fluids Market Overview: According to the latest report by IMARC Group, titled “Drilling and Completion Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global drilling and completion fluids market is currently witnessing strong growth. Drilling and completion fluids facilitate oil and gas production and exploration. Drilling fluids, or drilling mud, are viscous fluid mixtures added to the wellbore to transport solids and stabilize exposed rock formations by coating the walls. An effectively planned and maintained drilling-fluid system significantly increases the penetration rate when drilling and protects the reservoir from damage. On the other hand, completion fluids are solids-free liquids used to “complete” an oil or gas well. They improve well productivity by minimizing damage to the producing zone, and help prepare, repair and clean out the wellbore during the completion phase.

4. Report Description and Highlights Report Description Global Drilling and Completion Fluids Market Trends: Over the years, the demand for drilling and completion fluids has escalated as they deliver superior performance, resulting in lower well costs. Apart from this, increasing investments in shale gas exploration have led to a rise in the adoption of drilling and completion fluids, as they help in controlling the pressure in the wellbore, prolong the life of the drilling equipment by reducing friction and associated heat, and facilitate final operations before the production phase. Moreover, governments of various nations are undertaking favorable initiatives to promote the utilization of sustainable drilling and completion fluids. In line with this, market players are developing recyclable and biodegradable variants of completion and drilling fluids. Along with this, the utilization of nanotechnology in the development of high-performance fluids has significantly contributed to the growth of the market. Looking forward, the market is projected to expand at a CAGR of around 5% during 2020-2025. Request for a free sample report: https://www.imarcgroup.com/drilling-completion-fluids- market/requestsample

5. Report Description and Highlights Report Description Global Drilling and Completion Fluids Market Segmentation: Breakup By System Type: • • • • Water-based Oil-based Synthetic Fluid-based Other Systems Based on the system type, the market has been segmented into water-based, oil-based, synthetic fluid- based and other systems. Breakup By Well Type: • • HPHT (High Pressure High Temperature) Conventional Wells On the basis of the well type, the market has been bifurcated into HPHT (High Pressure High Temperature) and conventional wells.

6. Report Description and Highlights Report Description Breakup By Application: • • Onshore Offshore The market has been classified based on the application into onshore and offshore. Market Segmentation by Region: • • • • • North America Europe Asia Pacific Middle East and Africa Latin America On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

7. Report Description and Highlights Report Description Market Segmentation by Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • • • • • • • • • • Baker Hughes Company CES Energy Solutions, Chevron Phillips Chemical Drilling Fluids & Chemicals Limited Halliburton Company National Oilwell Varco, Inc. Newpark Resources Inc. Q'Max Solutions Inc. Sagemines Schlumberger Scomi Group Berhad Secure Energy Services Inc. Tetra Technologies, Inc. Weatherford International For more information, click here: https://www.imarcgroup.com/drilling-completion-fluids-market

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