Drilling Fluids Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Drilling Fluids Market
Drilling Fluids Market Size and Growth
The global drilling fluids market is projected to reach a value of $12.3 billion by 2026, growing at a CAGR of 8.2%. Rising demand for oil and gas exploration activities, along with advancements in drilling technologies, are driving market growth. North America is expected to dominate the market due to extensive shale gas and oil exploration activities.
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Companies Covered (Covid 19 Impact Covered)
◍ Baker Hughes Inc.
◍ Halliburton
◍ M-I Swaco
◍ Newpark Resources Inc.
◍ Tetra Technologies Inc.
◍ Akzonobel Nv
The competitive landscape of the drilling fluids market is dominated by companies such as Baker Hughes Inc., Halliburton, M-I Swaco, Newpark Resources Inc., Tetra Technologies Inc., and others. These key players provide a wide range of drilling fluids and related services to support various drilling operations, helping to drive the growth of the market.
- Baker Hughes Inc. reported sales revenue of $5.648 billion in 2020.
◍ Canadian Energy Services & Technology Corp.
◍ National Oilwell Varco Inc.
◍ Scomi Group Bhd
◍ Secure Energy Services Inc.
◍ Weatherford International Ltd
- Halliburton reported sales revenue of $14.364 billion in 2020.
◍ Chevron Phillips Chemical Company Llc.
◍ Anchor Drilling Fluids Usa Inc.
◍ Global Drilling Fluids & Chemicals Ltd.
- M-I Swaco reported sales revenue of $2.18 billion in 2020. Request
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Market Segmentation
By Application
◍ Onshore
By Product
◍ Oil-based Fluids (OBF)
◍ Offshore Request Sample Report
◍ Water-based Fluids (WBF)
◍ Synthetic-based Fluids (SBF)
$ X Billion USD
Market Growth
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