According
to the research report, the North America drilling fluids market was
valued at US$4.3 bn in 2012 and is expected to reach US$7.2 bn by the
end of 2019, growing at a CAGR of 7.50% from 2013 to 2019. The robust
growth rate of the North America drilling fluids market can be
credited to the escalating drilling activities that are leaning
towards exploring and developing deep sea reserves with horizontal
drilling.
In-depth
research report on North
America Drilling Fluids Market
with Full TOC at :
http://www.transparencymarketresearch.com/north-america-drilling-fluids-market.html
In
the coming years, this market is expected to take a big step as
companies are focusing on developing alternative energy resources
such as coal bed methane, shale oil/gas, and others. However, this
market faces some tough challenges such as growing environmental
concern towards excessive usage of drilling fluids and their
disposal, which leads to dangerous contamination.
The
drilling fluids market in North America has been segmented on the
basis of product, application, and country. The products in this
market are oil-based fluids (OBFs), synthetic-based fluids (SBFs),
and water-based fluids (WBF). On the basis of application, the North
America drilling fluids market is divided into offshore oil and gas
and onshore oil and gas. The countries studied in the research report
about the North America drilling fluids market are the U.S., Canada,
and Mexico.
Of
the two applications, the onshore oil and gas segment will do
exceptionally well in the North American region due to ongoing
developments in the onshore drilling activities sector. Analysts
predict that offshore oil and gas will also pick up pace as companies
explore this option for drilling activities. Amongst the products,
WBF dominated the North America market and is expected to continue
this dominance as it costs less and is environment-friendly.
Furthermore, the WBF market is also anticipated to make its mark in
offshore exploration owing to technological advancements, enhanced
efficiency, and inhibition properties.
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Some
of the important companies profiled in the North America drilling
fluids market research report are Halliburton Company, Schlumberger
Technology Corporation, Newpark Resources Inc., Baker Hughes
Incorporated, Canadian Energy Services & Technology Corp.,
Weatherford International Ltd., Anchor Drilling Fluids USA Inc.,
China Oilfield Services Limited, and National Oilwell Varco. The
research report shares details regarding the company overview,
financial overview, business strategies, and recent developments. The
research report also gives a holistic understanding of the
competitive landscape of the market to its readers.
North
America drilling fluids market is segmented in the following ways:
Drilling
Fluids: Product Segment Analysis
- Oil-based fluids (OBFs)
- Synthetic-based fluids (SBFs)
- Water-based fluids (WBF)
Drilling
Fluids: Application Segment Analysis
- Offshore oil and gas
- Onshore Oil and Gas
North
American Drilling Fluids: Country Analysis
- U.S.
- Canada
- Mexico
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