Market Research Insights

San Francisco, 6 December 2019:   The Report   Drilling Fluids Market   Size, Share & Trends Analysis Report By Product (Oil-Based, Synthetics-Based, Water-Based), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2019 – 2025 The global drilling fluids market size is projected to reach USD 10.12 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to witness a moderate CAGR of 3.8% over the forecast period, from 2019 to 2025. Revival of new E&P projects along with several upcoming exploration and production bids over the next few years is predicted to spur the market growth over the forecast period. Development of advanced formulations and performance additives mainly for wells where horizontal or directional drilling is required is projected to create huge opportunities for the industry expansion. Strict regulatory mandates by government regulatory bodies are expected to alter th...

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 dr...