Navigation Links
Drilling Fluids & Completion Fluids Market (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems) Worth $15.0 Billion by 2018 - New Report by MarketsandMarkes
Date:9/17/2013

(PRWEB) September 17, 2013

The report "Drilling Fluids (Drilling Mud) Market and Completion Fluids Market: by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems), Application Areas (Onshore and Offshore), & Geography - Global trends and forecast to 2018", defines and segments the global drilling fluids and completion fluids market with analysis and forecast of the revenue. The drilling fluids and completion fluids market will grow from an estimated $10.6 billion in 2013 to $15.2 billion by 2018, with a CAGR of 7.5% from 2013 to 2018.

Browse 12 market data tables and 126 figures spread through 181 slides and in-depth TOC on "Drilling Fluids (Drilling Mud) Market and Completion Fluids Market - Global trends and forecast to 2018".
http://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html

Early buyers will receive 10% customization on this report.

North America: Largest Market for Drilling Fluids and Completion Fluids

North America holds the largest market for drilling fluids and completion fluids due to the presence of half of the world’s oil and gas reserves. U.S. has the maximum number of shale reserves as compared to other regions. The offshore activities in the Gulf of Mexico are on the rise which supports the companies to expand within the region due to which the top drilling and completion fluids manufacturers are based in North America. Additionally, North America is also in the forefront when it comes to laying out policies and regulations for the prevention of the degradation of the environment.

Water-based Systems: Biggest Market by Type

Water-based systems are the single largest drilling fluids and completion fluids base used across the globe and are suitable for all the application areas including onshore and offshore. The water-based fluids are cost effective and eco friendly as compared to non-aqueous based fluids. Research activities have resulted in the finding of a new type of water-based fluids which can be used in challenging high pressure high temperature deep and ultra deep water drilling activities. The discharge policies for water-based fluids are also not very stringent across the world due to the presence of less toxic chemicals. These points including reasonable price, less toxicity, and easy availability make water-based fluids a preferred option over other types of non-aqueous drilling and completion fluids.

Nanotechnology: Upcoming Drilling Fluids and Completion Fluids Technology

Huge investments have been made and extensive research has been carried out in order to develop non-toxic bio degradable drilling and completion fluids. Nanotechnology has been pursued for the designing of environmental friendly drilling fluids and completion fluids. Major companies have invested in developing such fluids. The drilling and completion fluid designed by using nanotechnology removes toxic metals like mercury, cadmium, and lead. The fluids with nanotechnology provide better thermal conductivity and have high heat transfer efficiency.

Browse related reports

Offshore Drilling Market by Services (Contract Drilling, Directional Drilling, Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra-Deepwater) And Geography-Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/offshore-drilling-market-1207.html

Drilling Waste Management Market by Services (Solids Control Services, Containment & Handling, and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/drilling-waste-management-market-1242.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Read the full story at http://www.prweb.com/releases/drilling-fluids-market/09/prweb11130563.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Offshore Drilling Market worth $121.1 Billion By 2018 at a CAGR of 10.06% - New Report by MarketsandMarkets
2. Research shows efficacy of treatment model developed at Women & Infants
3. Soy-based S-equol supplement reduces hot flash frequency, muscle & joint pain in US women
4. Vendors in Nevada, Michigan, & Illinois to be Featured on the PartyPOP.com Online Network
5. Beef & Pork Wholesaling in the US Industry Market Research Report Now Available from IBISWorld
6. The Tennessee Car Accident Lawyers at Michael D. Ponce & Associates Alert Public of CDC Survey Revealing Majority of High School Seniors Admitting to Texting Behind Wheel
7. Alex Galindo, Attorney and Partner at Curd, Galindo & Smith, LLP, Court Wins Against the County of Riverside's Motion to Dismiss Medical Malpractice Case
8. Play & Park Structures Included in New Play for All Abilities Playground
9. Gum Disease, HPV May Play Role in Head & Neck Cancers
10. New Treatments Emerging from Immune and Inflammatory Disease R&D Pipelines
11. Version 2.0 of Award-Winning Proloquo2Go App for iPhone, iPad & iPod touch Speeds Up Communication, Adds New Voices and Customization Options
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... (PRWEB) , ... February 12, ... ... Foundation today announced a new initiative—the Siemens Foundation-PATH Ingenuity Fellowships—to develop the ... partnership will recruit top students from U.S. universities who will draw from ...
(Date:2/12/2016)... ... February 12, 2016 , ... Each year, the American ... held in Anaheim, CA at the Anaheim Convention Center. Almost 10,000 physical therapists across ... therapy products in action, learn more about their chosen field and network with their ...
(Date:2/12/2016)... ... February 12, 2016 , ... ... Series at Zuckerberg San Francisco General Hospital on April 5-7. The series is ... and create new habits. The workshops cover a broad range of topics, including ...
(Date:2/12/2016)... ... February 12, 2016 , ... AssureVest Insurance Group, a locally ... a charity drive that will raise funds earmarked to purchase computers and software for ... School. , “My school is in a low-income area and has more than 60 ...
(Date:2/12/2016)... PA (PRWEB) , ... February 12, 2016 , ... ... families of the Pittsburgh metro area, celebrates the beginning of the latest charity ... children develop social skills through art. Donations to this worthy cause are currently ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... Ambulances announces its first delivery in the state of ... Emergency Medical Services (EMS) consisting of four vehicles: three ... Emergency Vehicles in Lecanto, FL , USA, ... the latest in Demers, ongoing expansion of sales.  ... --> Benoit LaFortune , Executive Vice President at Demers. ...
(Date:2/12/2016)... -- Memorial Hermann Health System has teamed up with Houston ... a one-of-a-kind experience to pediatric patients at Children,s ... 360-degree video and Google Cardboard, Howard was able to ... the patients and their families an unexpected, and energetically ... video . Memorial Hermann IRONMAN Sports ...
(Date:2/12/2016)... , Feb. 12, 2016  Aralez Pharmaceuticals Inc. (Nasdaq: ... announced the Company will ring the Nasdaq Closing Bell ... New York at 4:00 p.m. ET on ... Aralez. Adrian Adams , will perform ... 3:50 to 4:00 p.m. ET.  A live webcast will ...
Breaking Medicine Technology: