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Global Drilling Fluids Market To Be Driven By The Rising Application Of The Product In The Drilling Operations In The Forecast Period Of 2022-2027
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Global Drilling Fluids Market, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

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The new report by Expert Market Research titled, 'Global  Drilling Fluids Market Report and Forecast 2022-2027', gives an in-depth analysis of the global drilling fluids market, assessing the market based on its segments like types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@  https://www.expertmarketresearch.com/reports/drilling-fluids-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): About USD 9.7 billion
• Forecast CAGR (2022-2027): 2.5%

The rising application of drilling fluids in the drilling operations owing to the global increase in the demand for crude oil is driving the market growth. In addition to this, the increasing oil and gas exploration activities owing to the growing expansion of various end use industries is furthering the market growth. Moreover, the rising demand for shale gas, which is attributable to the increasing demand for electricity in various high-tech industries such as automotive, and electrical and electronics, among others is anticipated to provide impetus to the market in the forecast period. Geographically, North America accounts for a significant share in the market owing to the strong supply chain of oil and gas, coupled with the growing expansion of the major oil and gas companies.

Industry Definition and Major Segments

Drilling fluids refer to a mixture of clay and other chemicals along with oil or water which are used to facilitate drilling process by suspending cuttings, controlling pressure, stabilizing the exposed rock, and providing buoyancy. In addition to this, drilling fluids also lubricate and cool the drilling bit. Moreover, drilling fluids increases the smoothness and efficiency of the extraction process of oil and gas.

On the basis of type, the market can be segmented into:

  • Bentonite (further broken by application)
    • Foundry Sands
    • Pet Products
    • Iron Ore Pelletizing
    • Drilling Mud
    • Construction
    • Paper
    • others
  • Baritis (further broken by application)
    • Drilling Fluids
    • Rubber and Plastics
    • Pharmaceuticals
    • others
  • Xanthan Gum (further broken based on type)
    • Food and Beverages
    • Oil and Gas
    • pharmaceutical
    • Cosmetics
    • others
  • Potassium Chloride (further broken on the basis of application)
    • Fertilize
    • Industrial
    • pharmaceutical
    • others
  • Caustic Soda (further broken based on application)
    • Flat Glass
    • Container Glass
    • Other Glass
    • Soaps and Detergents
    • Chemicals
    • Oil and Gas
    • Alumina
    • others
  • Soda Ash (further broken by application)
    • Flat Glass
    • Container Glass
    • Other Glass
    • Soaps and Detergents
    • Chemicals
    • Oil and Gas
    • Alumina
    • others

The regional markets for drilling fluids include:

  • North America
  • Europe
  • Asia-Pacific
  • latin america
  • Middle East and Africa

Market Trends

The key trends in the drilling fluids market include the growing R&D activities aimed towards producing superior drilling fluid chemicals to spearhead the operations in order to meet the growing demand from the industries. Over the forecast period, the anticipated increase in the demand for crude oil owing to the technological advancements in the aerospace and defence, electronics and electrical industry is likely to be a major trend in the market. Moreover, the increasing investments by the governments to accelerate the discovery of oil fields are likely to aid the market in the coming years. Furthermore, the growing efforts by the sovereign nations to reduce the dependency of oil on other nations is anticipated to be another major trend in the market.

Key Market Players

The major players in the market are Solvay SA, Ecolab Inc., Newpark Resources, Inc., Baker Hughes Company, BASF SE, and Halliburton Energy Services, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist – USA
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

*We, at Expert Market Research, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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