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:6/23/2017)... VA (PRWEB) , ... June 23, 2017 , ... ... of what is needed and will ultimately do significant harm to people with ... to everyone. , "While it leaves in place the Affordable Care Act ...
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... ... plastic surgeon practicing in Newburgh, New York, has recently begun offering three new ... to offering the best cutting-edge procedures and reducing downtime, Dr. Rubinstein is excited ...
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... ... cooking is essential, and two new videos highlight the importance of correctly using ... Christine Bruhn, Ph.D., who has done extensive research on consumer food safety habits. ...
(Date:6/23/2017)... ... June 23, 2017 , ... Ross Insurance ... With the Federal Emergency Management Agency’s (FEMA) recent update of flood zones, more ... 2012, the Biggert-Waters Act was enacted to reflect the actual risk in flood ...
(Date:6/23/2017)... ... June 23, 2017 , ... All-Star Insurance, a family managed agency that offers ... Texas, is announcing the launch of a new charity drive to benefit women in ... United States reveal that an estimated 252, 710 new cases of invasive or high ...
Breaking Medicine News(10 mins):
(Date:6/1/2017)... 1, 2017 Nutriceutical Holdings (NH), parent company ... (VRS), and KD Pharma Group have decided to join ... KD Pharma Group. KD Pharma Group will become the ... acquire the entire company. "We believe we ... committed to growing the NH companies by providing us ...
(Date:5/26/2017)... 26, 2017  Endo International plc (NASDAQ: ENDP ... CEO, will represent the Company in a fireside chat at ... Tuesday, June 13, 2017 at 10:40 a.m. PT / 1:40 ... in Rancho Palos Verdes, CA. ... will be available on the Company,s website at http://www.endo.com/investors/overview ...
(Date:5/22/2017)...  As the specialty pharmacy industry and the ... the revolutionary shift from volume-based to value-based care, ... patient outcomes and shaping the future of the ... from clinical trials and toward data that reveals ... therapy utilization in precise patient populations. Therigy ® ...
Breaking Medicine Technology: