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Global Drilling Fluids Market: By Type of Chemicals: Bentonite, Barite, Xanthan Gum, Potassium Chloride, Caustic Soda, Soda Ash, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Feedstock Market Overview; Trade Data Analysis; Value Chain Analysis; Cost Analysis and Project Economics; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis

Global Drilling Fluids Market Key Insights:

 

  • Types: Bentonite, Barite, Xanthan Gum, Potassium Chloride, Caustic Soda, Soda Ash, Others
  • Market Analysis and Outlook 2020-2025
  • SWOT Analysis
  • Market Performance
  • Breakup by Region
  • Production Cost Analysis
  • Competitive Landscape
  • Porter’s Five Forces Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global drilling fluids market is driven by the recovering oil price and an increase in the frequency of drilling operations in the key regions. The global drilling fluids market reached a value of almost USD 9.7 billion in 2019. The drilling fluids industry is further expected to grow at a CAGR of 2.5% between 2020 and 2025 to reach a value of almost USD 11.3 billion by 2025.

Global Drilling Fluids Market Report and Forecast 2020-2025

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The global drilling fluids market is supported by an increase in the demand from North America, due to resuming production of shale wells in the forecast period. North America and the Middle East are the high maturity markets in the industry, whereas the Asia Pacific and Latin America are the medium maturity markets for the same. The largest consumers of drilling fluids regionally are the United States and the Asia Pacific. The United States contributes to 42% of the global supply. It continues to be the largest consumer in the industry due to the continued activity of drilling and extraction from shale or tight formation. The demand for drilling fluid in Australia is expected to increase due to the stabilising oil and gas prices as the country has one of the largest shale gas reserves in the world.

Fluctuations in crude oil prices affect the prices of drilling fluid adversely. Rig count also determines the price of drilling fluids. The demand for drilling fluids from Australia is increasing due to an increased rig count in the past few years, led by explorations taking place in the industry.

Properties and Applications

Drilling fluids are chemical components used in the extraction of gas and oil. Based on chemicals, the drilling fluids industry is segmented into:

  • Bentonite
  • Barite
  • Xanthan Gum
  • Potassium Chloride
  • Caustic Soda 
  • Soda Ash
  • Others

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Analysis

The global drilling fluids market is driven by the growing number of drilling operations and recovering oil prices. In the Asia Pacific, India and Australia have witnessed continued performance of drilling operations despite having low crude prices. Future demand for drilling fluids is expected to rise, propelling the industry further. The drilling fluids help in eliminating cutting from the formation, along with smooth drilling operation and completion. The drilling fluids market size runs parallel to the drilling operations across the region.

The industry for bentonite is expected to increase owing to the increase in the foundry and metal casting application in the automotive and oil and gas industry, invigorating the industry growth for bentonite. The industry is also expected to be encouraged by the increasing environmental concerns associated with wastewater treatment due to high toxic content and radioactive chemicals.

The supply of barite, on the other hand, highly corresponds to the oil and gas prices, as the use of barite in drilling fluids represents the single largest consuming industry. The demand for barite is expected to increase due to the improvement in oil prices and shale gas drilling in the United States. China has set out to achieve the production of 30 billion cubic metres of gas by drilling more shale gas wells by the year 2020, which will increase the domestic consumption and decrease the availability of barite for exports.

Xanthan gum helps in reducing water viscosity in various applications. The demand for xanthan gum is expected to increase due to its usage in the food and oil and gas industries, providing impetus to the industry growth. The xanthan gum demand is expected to remain rapid due to the supportive European and the United States administrations, encouraging the use of the chemical in the form of stabiliser, emulsifier, thickener, and gelling agent.

The production of caustic potash is expected to continue to increase in the United States, as it offers lower energy costs than the other western regions. The utilisation rate is expected to increase in the United States, further boosting the supply in the region. In the forecast period, few capacity additions are predicted for caustic potash, especially in the Asia Pacific region, keeping the export market in focus.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global drilling fluids market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Solvay S.A.
  • Nalco Champion (Ecolab)
  • M-I SWACO (Schlumberger Company)
  • Halliburton
  • Baker Hughes, A GE Company LLC
  • Huntsman Corporation
  • BASF SA
  • Newpark Resources, Inc. 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

1    Preface
    1.1    Objectives of the Study
    1.1.1    Research Objective
    1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Drilling Fluids Market Analysis
    6.1    Figure: Global Drilling Fluids Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Drilling Fluids Market Breakup by Type of Chemicals
        6.2.1    Bentonite
        6.2.2    Barite
        6.2.3    Xanthan Gum
        6.2.4    Potassium Chloride
        6.2.5    Caustic Soda
        6.2.6    Soda Ash
        6.2.7    Others
    6.3    Chart: Global Drilling Fluids Market Breakup by Region
        6.3.1    North America
            6.3.1.1    United State of America
            6.3.1.2    Canada
        6.3.2    Europe
            6.3.2.1    United Kingdom
            6.3.2.2    Germany
            6.3.2.3    France
            6.3.2.4    Italy
            6.3.2.5    Others
        6.3.3    Asia Pacific
            6.3.3.1    China
            6.3.3.2    Japan
            6.3.3.3    India
            6.3.3.4    ASEAN
            6.3.3.5    Others
        6.3.4    Latin America
            6.3.4.1    Brazil
            6.3.4.2    Argentina
            6.3.4.3    Mexico
            6.3.4.4    Others
        6.3.5    Middle East and Africa
            6.3.5.1    Saudi Arabia
            6.3.5.2    United Arab Emirates
            6.3.5.3    Nigeria
            6.3.5.4    South Africa
            6.3.5.5    Others
    6.4    Figure: Global Drilling Fluids Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.4.1    North America
            6.4.1.1    United State of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    United Kingdom
            6.4.2.2    Germany
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Global Bentonite Market Analysis
        6.5.1    Figure: Global Bentonite Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.2    Chart: Global Bentonite Market Breakup by Applications
            6.5.2.1    Foundry Sands
            6.5.2.2    Pet Products
            6.5.2.3    Iron Ore Pelletizing
            6.5.2.4    Drilling Mud
            6.5.2.5    Construction
            6.5.2.6    Paper
            6.5.2.7    Others
        6.5.3    Chart: Global Bentonite Market Breakup by Region
            6.5.3.1    North America 
            6.5.3.2    Europe
            6.5.3.3    Asia Pacific
            6.5.3.4    Latin America
            6.5.3.5    Middle East and Africa
    6.6    Global Barite Market Analysis
        6.6.1    Figure: Global Barite Historical Market (2015-2019) & Forecast (2020-2025)
        6.6.2    Chart: Global Barite Market Breakup by Applications
            6.6.2.1    Drilling fluid
            6.6.2.2    Rubber & Plastics
            6.6.2.3    Pharmaceuticals
            6.6.2.4    Others
        6.6.3    Chart: Global Barite Market Breakup by Region
            6.6.3.1    North America
            6.6.3.2    Europe
            6.6.3.3    Asia Pacific
            6.6.3.4    Latin America
            6.6.3.5    Middle East and Africa
    6.7    Global Xanthan Gum Market Analysis
        6.7.1    Figure: Global Xanthan Gum Historical Market (2015-2019) & Forecast (2020-2025)
        6.7.2    Chart: Global Xanthan Gum Market Breakup by Applications
            6.7.2.1    Food & Beverages
            6.7.2.2    Oil & Gas
            6.7.2.3    Pharmaceutical
            6.7.2.4    Cosmetics
            6.7.2.5    Others
        6.7.3     Chart: Global Xanthan Gum Market Breakup by Region
            6.7.3.1    North America
            6.7.3.2    Europe
            6.7.3.3    Asia Pacific
            6.7.3.4    Latin America
            6.7.3.5    Middle East and Africa
    6.8    Global Potassium Chloride Market Analysis
        6.8.1    Figure: Global Potassium Chloride Historical Market (2015-2019) & Forecast (2020-2025)
        6.8.2    Chart: Global Potassium Chloride Market Breakup by Applications
            6.8.2.1    Fertilizer
            6.8.2.2    Industrial
            6.8.2.3    Pharmaceutical
            6.8.2.4    Others
        6.8.3    Chart: Global Potassium Chloride Market Breakup by Region
            6.8.3.1    North America 
            6.8.3.2    Europe
            6.8.3.3    Asia Pacific
            6.8.3.4    Latin America
            6.8.3.5    Middle East and Africa
    6.9    Global Caustic Soda Market Analysis
        6.9.1    Figure: Global Caustic Soda Historical Market (2015-2019) & Forecast (2020-2025)
        6.9.2    Chart: Global Caustic Soda Market Breakup by Applications
            6.9.2.1    Organics
            6.9.2.2    Soap, Detergent and Textiles
            6.9.2.3    Alumina
            6.9.2.4    Pulp and Paper
            6.9.2.5    Inorganics
            6.9.2.6    Water Treatment
            6.9.2.7    Others
        6.9.3    Chart: Global Caustic Soda Market Breakup by Region
            6.9.3.1    North America 
            6.9.3.2    Europe
            6.9.3.3    Asia Pacific
            6.9.3.4    Latin America
            6.9.3.5    Middle East and Africa
    6.10    Global Soda Ash Market Analysis
        6.10.1    Figure: Global Soda Ash Historical Market (2015-2019) & Forecast (2020-2025)
        6.10.2    Chart: Global Soda Ash Market Breakup by Applications
            6.10.2.1    Flat Glass
            6.10.2.2    Container Glass
            6.10.2.3    Other Glass
            6.10.2.4    Soaps and Detergents
            6.10.2.5    Chemicals
            6.10.2.6    Oil and Gas
            6.10.2.7    Alumina
            6.10.2.8    Others
        6.10.3    Chart: Global Soda Ash Market Breakup by Region
            6.10.3.1    North America 
            6.10.3.2    Europe
            6.10.3.3    Asia Pacific
            6.10.3.4    Latin America
            6.10.3.5    Middle East and Africa
7    Global Drilling Fluids Price Analysis
    7.1    Bentonite Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.2    Barite Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.3    Xanthan Gum Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.4    Potassium Chloride Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.5    Caustic Soda Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.6    Soda Ash Historical Price Trends (2015-2019) and Forecast (2020-2025)
8    Global Trade Data Analysis (281511, 251110, 250810, 310420, 283620)
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    EMR’s Key Indicators for Demand
12    EMR’s Key Indicators for Price
13    Procurement Strategy
14    Environmental Regulations
15    Competitive Landscape & Supplier Analysis

    15.1    Solvay S.A.
        15.1.1    Company Overview
        15.1.2    Financial Analysis
    15.2    Nalco Champion (Ecolab)
        15.2.1    Company Overview
        15.2.2    Financial Analysis
    15.3    M-I SWACO (Schlumberger Company)
        15.3.1    Company Overview
        15.3.2    Financial Analysis
    15.4    Halliburton
        15.4.1    Company Overview
        15.4.2    Financial Analysis
    15.5    Baker Hughes, A GE Company LLC
        15.5.1    Company Overview
        15.5.2    Financial Analysis
    15.6    Huntsman Corporation
        15.6.1    Company Overview
        15.6.2    Financial Analysis
    15.7    BASF SA
        15.7.1    Company Overview
        15.7.2    Financial Analysis
    15.8    Newpark Resources, Inc. 
        15.8.1    Company Overview
        15.8.2    Financial Analysis
    15.9    Others
16    Events and Developments

Additional Customisations Available:

17    Manufacturing Process
    17.1    Detailed Process Flow
    17.2    Operations Involved
    17.3    Mass Balance
18    Cost Analysis and Project Economics
    18.1    Land, Location and Site Development
    18.2    Construction
    18.3    Plant Machinery
    18.4    Cost of Raw Material
    18.5    Packaging
    18.6    Transportation
    18.7    Utilities
    18.8    Manpower
    18.9    Other Capital Investment

The global drilling fluids market attained a value of nearly USD 9.7 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 2.5%. The industry is projected to reach a volume of around USD 11.3 billion by 2025.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on chemicals, the global drilling fluids market can be segmented into bentonite, barite, xanthan gum, potassium chloride, caustic soda, and soda ash, among others. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the United States and the Asia Pacific leading the overall global market. The key players in the above industry are Solvay S.A., Nalco Champion (Ecolab), M-I SWACO (Schlumberger Company), Halliburton, Baker Hughes, A GE Company LLC, Huntsman Corporation, BASF SA, and Newpark Resources, Inc.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising drilling operations, recovering oil prices, and favourable government policies are driving the growth of the drilling fluids market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
  
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global drilling fluids market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the drilling fluids market for 2020-2025?
  • What are the major drilling fluids market drivers and constraints?
  • What are the major price and demand indicators of the global drilling fluids market?
  • What are the price trends of the product in the industry globally?
  • Who are the key manufacturers of the product in the global drilling fluids market?
  • What are the import and export trends in the global drilling fluids market?
  • Who are the top importers and exporters of the product in the industry globally?
  • What is the degree of competition in the global drilling fluids market?

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