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Global Drilling Waste Management Market Size, Share, Growth, Trends: By Application: Onshore, Offshore; By Service: Solid Control, Containment and Handling, Treatment and Disposal; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape: Industry Events and Developments; 2024-2032
Global Drilling Waste Management Market Outlook
The global drilling waste management market attained a value of nearly USD 5.46 billion in 2021. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.3% to reach about USD 7.87 billion by 2027.
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North America to Hold Significant Share in the Market Growth of Drilling Waste Management
North America is projected to account for a sizable share in the drilling waste management market on account of the increasing drilling activities in the region. An upsurge in energy demand has further fuelled the production of oil and gas in the region and is expected to boost the market growth in North America.
Going further, strict government regulations and a strong judiciary have efficiently enforced waste management laws in the region like Resource Conservation and Recovery Act (RCRA). These regulations are anticipated to bolster the market growth in North America during the forecast period. The development of innovative technologies in industries is further expected to drive the growth of the market in this region.
Market Segmentation
Drilling waste management is the implementation and planning of cautious drilling waste collection, treatment, and final disposal. Drilling waste refers to all chemicals or materials, liquid or solid, associated with the drilling process, including drill cuttings.
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By application, the market for management of drilling waste is divided into:
- Onshore
- Offshore
Based on service, the market is categorised into:
- Solid Control
- Containment and Handling
- Treatment and Disposal
The EMR report looks into the regional markets like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
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Rapid Rise of Treatment and Disposal Segment to Bolster the Market Growth of Drilling Waste Management
Based on services, the treatment and disposal segment is expected to register significant growth in the market across the globe over the forecast period. Waste is treated by using several techniques to diminish the impact of the pollutants on the environment. With increasing onshore drilling activities, the treatment and disposal segment is likely to witness market growth.
Oil & gas companies are increasing their expenditure in developmental activities across developing and developed countries. Combined with surging environmental concerns, both factors are expected to bolster momentum in the market across the globe over the coming years.
Key Players in the Global Market for Drilling Waste management
The report presents a detailed analysis of the following key players in the global drilling waste management market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Halliburton Company
- Weatherford International plc
- NOV Inc.
- Scomi Group Bhd
- KOSUN Machinery Co., Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by service |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Drilling Waste Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Drilling Waste Management Historical Market (2018-2023)
8.3 Global Drilling Waste Management Market Forecast (2024-2032)
8.4 Global Drilling Waste Management Market by Application
8.4.1 Onshore
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Offshore
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Drilling Waste Management Market by service
8.5.1 Solid Control
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Containment and Handling
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Treatment and Disposal
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Drilling Waste Management Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Drilling Waste Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Drilling Waste Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Drilling Waste Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Drilling Waste Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Drilling Waste Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Halliburton Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Weatherford International plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NOV Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Scomi Group Bhd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 KOSUN Machinery Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Drilling Waste Management Market: Key Industry Highlights, 2018 and 2032
2. Global Drilling Waste Management Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Drilling Waste Management Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Drilling Waste Management Historical Market: Breakup by Service (USD Million), 2018-2023
5. Global Drilling Waste Management Market Forecast: Breakup by Service (USD Million), 2024-2032
6. Global Drilling Waste Management Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Drilling Waste Management Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Drilling Waste Management Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Drilling Waste Management Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Drilling Waste Management Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Drilling Waste Management Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Drilling Waste Management Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Drilling Waste Management Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Drilling Waste Management Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Drilling Waste Management Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Drilling Waste Management Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Drilling Waste Management Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Drilling Waste Management Market Structure
Key Questions Answered in the Report
In 2021, the global market attained a value of nearly USD 5.46 billion.
The market is projected to grow at a CAGR of 6.3% in the forecast period between 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 7.87 billion by 2027.
The major market drivers are growing strict government regulations encouraging oil & gas companies in employing effective practices and growing industrialisation.
The key market trends include surging environmental concerns and increased expenditure from oil & gas companies in exploration and developmental activities.
The major regions markets are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The primary applications of drilling waste management in the market are onshore and offshore.
The various applications in the market include solid control, containment and handling, and treatment and disposal.
The major players in the market are Halliburton Company, Weatherford International plc, NOV Inc., Scomi Group Bhd, and KOSUN Machinery Co., Ltd, among others.
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