Drilling Fluids Market Research Report Information By Type (Water-Based, Oil-Based and Synthetic-Based), By Application (Onshore and Offshore) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Global Industry Size, Share, Growth, Trends and Forecast To 2032

1 Executive Summary

2 Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4 Market Dynamics

4.1 Drivers 21

4.1.1 New Oil Reserves Discovery 21

4.1.2 Increasing Investment In Oil Exploration Activities 21

4.1.3 Increasing Shale Gas Activities In U.S. 22

4.2 Restraints 22

4.2.1 High Capital Cost For Drilling 22

4.2.2 Stringent Government Regulations 23

4.3 Opportunities 23

4.3.1 Increased Demand For Oil In Asia Pacific Region 23

5 Market Factor Analysis

5.1 Porter's Five Forces Analysis 24

5.1.1 Threat Of New Entrants 25

5.1.2 Bargaining Power Of Suppliers 25

5.1.3 Threat Of Substitutes 25

5.1.4 Bargaining Power Of Buyers 25

5.1.5 Segment Rivalry 25

5.2 Supply Chain Analysis 26

6 Global Drilling Fluids Market, By Type

6.1 Overview 28

6.1.1 Water Based Drilling Fluid 28

6.1.2 Oil-Based Drilling Fluid 28

6.1.3 Synthetic Based Fluid 29

7 Global Drilling Fluids Market, By Application

7.1 Overview 33

7.1.1 Onshore 33

7.1.2 Offshore 33

8 Global Drilling Fluids Market, By Region

8.1 Introduction 36

8.2 North America 38

8.2.1 U.S. 40

8.2.2 Canada 42

8.3 Europe 44

8.3.1 Russia 46

8.3.2 Norway 47

8.3.3 U.K. 49

8.3.4 Rest Of Europe 50

8.4 Asia Pacific 52

8.4.1 China 54

8.4.2 Indonesia 56

8.4.3 India 57

8.4.4 Australia 59

8.4.5 Rest Of Asia Pacific 60

8.5 Middle East & Africa 62

8.5.1 Saudi Arabia 64

8.5.2 UAE 65

8.5.3 Nigeria 67

8.5.4 Rest Of Middle East & Africa 68

8.6 Latin America 70

8.6.1 Brazil 72

8.6.2 Venezuela 73

8.6.3 Argentina 74

8.6.4 Rest Of Latin America 76

9 Competitive Scenario

9.1 Competitive Landscape 78

10 Company Profiles

10.1 Schlumberger Limited 80

10.1.1 Company Overview 80

10.1.2 Financial Overview 81

10.1.3 Product/Service Offering 82

10.1.4 Strategy 87

10.1.5 Key Developments 87

10.1.6 SWOT Analysis 87

10.2 Halliburton Inc. 88

10.2.1 Company Overview 88

10.2.2 Financial Overview 88

10.2.3 Product/Service Offering 89

10.2.4 Strategy 90

10.2.5 Key Development 90

10.2.6 SWOT Analysis 90

10.3 Baker Hughes Incorporated 91

10.3.1 Company Overview 91

10.3.2 Financial Overview 91

10.3.3 Product/Service Offering 92

10.3.4 Strategy 92

10.3.5 Key Developments 92

10.3.6 SWOT Analysis 93

10.4 National Oilwell Varco USA 94

10.4.1 Company Overview 94

10.4.2 Financial Overview 94

10.4.3 Product/Service Offering 95

10.4.4 Strategy 96

10.4.5 Key Developments 96

10.4.6 SWOT Analysis 96

10.5 Newpark Resources Inc. 97

10.5.1 Company Overview 97

10.5.2 Financial Overview 97

10.5.3 Product/Service Offering 98

10.5.4 Strategy 99

10.5.5 Key Developments 99

10.5.6 SWOT Analysis 100

10.6 TETRA Technologies, Inc. 101

10.6.1 Company Overview 101

10.6.2 Financial Overview 101

10.6.3 Product/Service Offering 102

10.6.4 Strategy 102

10.7 Scomi Group Bhd 103

10.7.1 Company Overview 103

10.7.2 Financial Overview 103

10.7.3 Product/Service Offering 104

10.7.4 Strategy 104

10.7.5 Key Development 104

10.8 Canadian Energy Services & Technology Corp. 106

10.8.1 Company Overview 106

10.8.2 Financial Overview 106

10.8.3 Product/Service Offering 107

10.8.4 Strategy 108

10.8.5 Key Developments 108

10.9 Anchor Drilling Fluids USA, Inc. 109

10.9.1 Company Overview 109

10.9.2 Financial Overview 109

10.9.3 Product/Service Offering 110

10.9.4 Strategy 110

10.10 GEO Drilling Fluids, Inc. 111

10.10.1 Company Overview 111

10.10.2 Financial Overview 111

10.10.3 Product/Service Offering 111

10.10.4 Strategy 112

10.10.5 Key Developments 112

11 List Of Tables

TABLE 1 GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 31

TABLE 2 GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 34

TABLE 3 GLOBAL DRILLING FLUIDS MARKET, BY REGION, 2024-2032 (USD MILLION) 37

TABLE 4 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2024-2032 (USD MILLION) 38

TABLE 5 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 39

TABLE 6 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 40

TABLE 7 U.S.: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 41

TABLE 8 U.S.: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 41

TABLE 9 CANADA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 42

TABLE 10 CANADA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 43

TABLE 11 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2024-2032 (USD MILLION) 44

TABLE 12 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 45

TABLE 13 EUROPE: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 45

TABLE 14 RUSSIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 46

TABLE 15 RUSSIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 47

TABLE 16 NORWAY: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 48

TABLE 17 NORWAY: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 48

TABLE 18 U.K.: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 49

TABLE 19 U.K.: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 50

TABLE 20 REST OF EUROPE:: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 51

TABLE 21 REST OF EUROPE:: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 51

TABLE 22 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2024-2032 (USD MILLION) 52

TABLE 23 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 53

TABLE 24 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 54

TABLE 25 CHINA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 55

TABLE 26 CHINA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 55

TABLE 27 INDONESIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 56

TABLE 28 INDONESIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 57

TABLE 29 INDIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 58

TABLE 30 INDIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 58

TABLE 31 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 59

TABLE 32 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 60

TABLE 33 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 61

TABLE 34 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 61

TABLE 35 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 63

TABLE 36 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 64

TABLE 37 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 65

TABLE 38 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 65

TABLE 39 UAE: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 66

TABLE 40 UAE: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 66

TABLE 41 NIGERIA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 67

TABLE 42 NIGERIA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 68

TABLE 43 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 69

TABLE 44 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 69

TABLE 45 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2024-2032 (USD MILLION) 70

TABLE 46 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 71

TABLE 47 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 71

TABLE 48 BRAZIL: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 72

TABLE 49 BRAZIL: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 73

TABLE 50 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 74

TABLE 51 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 74

TABLE 52 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 75

TABLE 53 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 75

TABLE 54 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 76

TABLE 55 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 77

TABLE 56 SCHLUMBERGER LIMITED: KEY DEVELOPMENTS, 2018-2023. 87

TABLE 57 HALLIBURTON INC: KEY DEVELOPMENTS, 2018-2023. 90

TABLE 58 BAKER HUGHES INCORPORATED: KEY DEVELOPMENT, 2018-2023. 92

TABLE 59 SCOMI GROUP BHD: KEY DEVELOPMENT, 2018-2023. 104

TABLE 60 CES: KEY DEVELOPMENT, 2018-2023. 108

12 List Of Figures

FIGURE 1 MARKET SYNOPSIS 13

FIGURE 2 RESEARCH PROCESS OF MRFR 16

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 18

FIGURE 4 DRIVERS, RESTRAINTS, AND OPPORTUNITIES: GLOBAL DRILLING FLUIDS MARKET 20

FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL DRILLING FLUIDS MARKET 24

FIGURE 6 GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 30

FIGURE 7 GLOBAL DRILLING FLUIDS MARKET, BY TYPE, 2024-2032 (USD MILLION) 30

FIGURE 8 GLOBAL DRILLING FLUIDS MARKET SHARE, BY APPLICATION, 2023 (%) 33

FIGURE 9 GLOBAL DRILLING FLUIDS MARKET, BY APPLICATION, 2024-2032 (USD MILLION) 34

FIGURE 10 GLOBAL DRILLING FLUIDS MARKET SHARE, BY REGION, 2023 (%) 36

FIGURE 11 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2023 (%) 38

FIGURE 12 NORTH AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 39

FIGURE 13 U.S.: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 40

FIGURE 14 CANADA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 42

FIGURE 15 EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2023 (%) 44

FIGURE 16 EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 45

FIGURE 17 RUSSIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 46

FIGURE 18 NORWAY: GLOBAL DRILLING FLUIDS MARKET SHRAE, BY TYPE, 2023 (%) 47

FIGURE 19 U.K.: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 49

FIGURE 20 REST OF EUROPE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 50

FIGURE 21 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2023 (%) 52

FIGURE 22 ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 53

FIGURE 23 CHINA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 54

FIGURE 24 INDONESIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 56

FIGURE 25 INDIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 57

FIGURE 26 AUSTRALIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 59

FIGURE 27 REST OF ASIA PACIFIC: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 60

FIGURE 28 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2023 (%) 62

FIGURE 29 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET, BY COUNTRY, 2024-2032 (USD MILLION) 62

FIGURE 30 MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 63

FIGURE 31 SAUDI ARABIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 64

FIGURE 32 UAE: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 66

FIGURE 33 NIGERIA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 67

FIGURE 34 REST OF MIDDLE EAST & AFRICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 68

FIGURE 35 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY COUNTRY, 2023 (%) 70

FIGURE 36 LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 71

FIGURE 37 BRAZIL: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 72

FIGURE 38 VENEZUELA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 73

FIGURE 39 ARGENTINA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 75

FIGURE 40 REST OF LATIN AMERICA: GLOBAL DRILLING FLUIDS MARKET SHARE, BY TYPE, 2023 (%) 76

FIGURE 41 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL DRILLING FLUIDS MARKET, 2014-2017, (%) 78

FIGURE 42 SCHLUMBERGER LIMITED: TOTAL REVENUE VS SEGMENTAL REVENUE (DRILLING GROUP) 81

FIGURE 43 SCHLUMBERGER LIMITED: GEOGRAPHIC REVENUE MIX, 2023 (%) 81

FIGURE 44 SCHLUMBERGER LIMITED: SWOT ANALYSIS. 87

FIGURE 45 HALLIBURTON INC: TOTAL REVENUE VS SEGMENTAL REVENUE (DRILLING AND EVALUATION) 88

FIGURE 46 HALLIBURTON INC: GEOGRAPHIC REVENUE MIX, 2023 (%) 89

FIGURE 47 HALLIBURTON INC: SWOT ANALYSIS 90

FIGURE 48 BAKER HUGHES INCORPORATED: TOTAL REVENUE 91

FIGURE 49 BAKER HUGHES INCORPORATED: GEOGRAPHIC REVENUE MIX, 2023 (%) 92

FIGURE 50 BAKER HUGHES INCORPORATED: SWOT ANALYSIS. 93

FIGURE 51 NOV: TOTAL REVENUE VS SEGMENTAL REVENUE (WELLBORE TECHNOLOGIES) 94

FIGURE 52 NOV: GEOGRAPHICAL REVENUE MIX, 2023 (%) 95

FIGURE 53 NOV: SWOT ANALYSIS 96

FIGURE 54 NEWPARK RESOURCES INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (FLUID SYSTEM) 97

FIGURE 55 NEWPARK RESOURCES INC.: GEOGRAPHIC REVENUE MIX, 2023 (%) 98

FIGURE 56 NEWPARK RESOURCES INC.: KEY DEVELOPMENTS, 2018-2023 (%) 99

FIGURE 57 NEWPARK RESOURCES INC.: SWOT ANALYSIS 100

FIGURE 58 TETRA TECHNOLOGIES, INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (FLUIDS) 101

FIGURE 59 TETRA TECHNOLOGIES, INC.: GEOGRAPHIC REVENUE MIX, 2023 (%) 102

FIGURE 60 SCOMI GROUP BHD: TOTAL REVENUE VS SEGMENTAL REVENUE (OILFIELD SERVICES) 103

FIGURE 61 CES: TOTAL REVENUE 106

FIGURE 62 CES: GEOGRAPHICAL REVENUE MIX, 2023 (IN %) 107

FIGURE 63 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (PARENT COMPANY): TOTAL REVENUE 109