Drilling, Completion Fluids Market to See 7.3% CAGR Globally for Next 5 Years: Market Reports Hub

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Jan 06, 2015, 05:30 ET

DALLAS, January 6, 2015 /PRNewswire/ --

MarketReportsHub.com adds Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems) & by Geography - Global Trends & Forecast to 2019 research report to its store.

Creating promising prospects for drilling and completion fluids market growth in future are steady increase in offshore & onshore drilling activities, increase in footage drilled and exploration rate. Drilling and completion fluids market is expected to reach a value of $16.31 billion by 2019, at a CAGR of 7.3%. Oil-based systems and Water-based systems lead the market and are expected to reach a value of $3.29 and billion $9.92 billion respectively, by the year 2019. Complete report is available at http://www.marketreportshub.com/drilling-completion-fluids-industry-research-marketsandmarkets.html .

Drilling fluids are used during drilling activity for providing lubrication, removal and transport, cooling of the drill bit, rock cutting, and for improving the overall drilling operation. Drilling fluids are essential to recover oil from new gas and oil fields from the reservoirs lying in remote and unfriendly environments where extraction relies exclusively on drilling fluids. Increasing production of crude oil is driving the demand for global drilling fluids across. Consumption of drilling fluids depends on the depth of drilling and location of reservoirs.

Drilling and completion fluids are witnessing substantial demand across NA because of the increased drilling activities in countries such as the Canada and U.S. Increase in onshore drilling activities leads to an increase in the market size of drilling and completion fluids. Rise in the drilling activities in the new offshore reserves propels the market for drilling and completion fluids.

Companies profiled in drilling and completion fluids market research report are Anchor Drilling Fluids Usa Inc., Akzonobel NV, Baker Hughes Inc., Canadian Energy Services, Chevron Phillips Chemical Company LLC, Global Drilling Fluids & Chemicals Ltd., Halliburton, M-I Swaco, New Park Resources Inc., National Oilwell Varco Inc., SCOMI Group BHD, Secure Energy Services Inc., Tetra Technologies Inc., and Weatherford International Ltd. Order a copy of this report at http://www.marketreportshub.com/purchase?rpid=2436 .

The drilling and completion fluids market is also analyzed with respect to Porter's Five Forces model. Different market forces, namely, the bargaining power of suppliers, the bargaining power of buyers, intensity of rivalry, threat of new entrants, and threat of substitutes are analyzed with respect to the drilling and completion fluids industry. The report also provides a competitive landscape of main market players around the globe that includes developments, mergers and acquisition, expansion and investments, new technologies developments, agreements and contracts, and others. The developments carried out by key market players reflect their individual growth strategies as well as the general trend followed by other market players.

Priced at US$ 4650 for single user license, inquire for discount on this research report at http://www.marketreportshub.com/discount?rpid=2436 .

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Directional Drilling Services Market by Application (Offshore & Onshore), Services (Rotary Steerable System, LWD, MWD & Survey, Motors, and Others) and Geography (Asia-Pacific, Europe, the Middle East, Africa, North America and Latin America) - Global Trends and Forecasts to 2019 is a Dec 2014 publication of 178 pages and it says global directional drilling market with an analysis and forecast of the market size. The directional drilling market will grow from an estimated $16.71 billion in 2014 to $29.11 billion by 2019 at a CAGR of 11.7% from 2014 to 2019. North America is the leading region in the directional drilling market in 2013, closely followed by Asia-pacific. Significant investments are being made in countries like the U.S. and Canada. China, India, and other Asian countries are also gaining pace in the exploration of oil and gas from complex geological structures such as shale using directional drilling. Europe stood third in terms of market size in the total directional drilling market; it is followed by regions like South America, Africa and the Middle East. Companies profiled in this research report are Baker Hughes Inc., Calmena Energy Services, Cathedral Energy Services, Gyrodata, Halliburton, Jindal Drilling & Industries Limited, Leam Drilling Systems LLC, Nabors Industries Ltd., Schlumberger, Scientific Drilling Company, Weatherford, Key Energy Services, National Oilwell Varco, and GE Oil and Gas. Complete report available at http://www.marketreportshub.com/directional-drilling-services-industry-research-marketsandmarkets.html .

Explore more reports by MarketsandMarkets on energy and power as well as related industry segments at http://www.marketreportshub.com/categories/energy-power .

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