Drilling Fluids Market Growing At A CAGR Of 3.7% For The Forecast Period From 2017 To 2025 : Grand View Research Inc.
San Francisco, 8 May 2019: The Report Drilling Fluids Market Analysis By Product (Oil-Based Fluids (OBF), Synthetics-Based Fluids (SBF), Water-Based Fluids (WBF)), By Application, And Segment Forecasts, 2018 – 2025 The global Drilling Fluids Market is expected to reach USD 10.01 billion by 2025, according to a new report by Grand View Research, Inc. Increasing upstream spending to sustain oil production targets is anticipated to drive oil & gas industry drilling activities over the forecast period. Technological advancements to modify the fluid rheology for efficient extraction in different formations have created lucrative avenues for industry participants. Increased maintenance costs and environmental risks associated with offshore locations, have urged companies to deploy drill mud for cost-efficient E&P activities. Growing demand for increasing production rates, efficiency and mitigating gas related capital expenditures is expected to drive drilling fluids dema