The
Latin America drilling fluids waste management market is exhibiting a
CAGR of 12.60% between 2014 and 2020. This market is expected to
reach US$945.3 mn by the end of 2020 and was recorded at US$413.4 mn
in 2013, according to a research report released by Transparency
Market Research.
In-depth
research report on Latin America Drilling Fluids Waste Management
Market with Full TOC at :
http://www.transparencymarketresearch.com/drilling-fluids-waste-management.html
According
to the report, the Latin America drilling fluids waste management
market is primarily driven by the increasing production and
exploratory activities in the region. The large increase in drilling
activities has created a greater need for the waste management
strategies to protect the regional landscape and its flora and
fauna.The Latin America drilling fluids waste management market
benefits greatly from the strict government mandates that require all
drilling activities to be retrofitted with waste management systems.
However,
the Latin America drilling fluids waste management market does suffer
from setbacks, the biggest of which is the operational challenges
faced by drilling companies in adopting drilling fluids waste
management services.The report’s geographical segmentation of the
Latin America drilling fluids waste management market reveals Brazil
to be the market leader for 2013 owing to the country’s large-scale
drilling activities on offshore reserves. Brazilian oil companies are
also receiving greater investments, which allow them to command a
significant share in the Latin America drilling fluids waste
management market.
The
report claims that Argentina will close up the gap between itself and
Brazil in the Latin America drilling fluids waste management market
in the near future. The region’s market is expected to benefit from
multiple impending government schemes that are aimed at production of
shale gas and the exploration of additional shale gas reserves.The
report also provides a service-wise segmentation of the Latin America
drilling fluids waste management market, which reveals the dominant
segment to be treatment and disposal. The treatment and disposal
segment held more than 35% of the Latin America drilling fluids waste
management market in 2013. This leading market share has been
attributed to strengthening governmental control over the disposal of
waste from drilling activities.
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Inquiry About Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3022
In
terms of applications, the Latin America drilling fluids waste
management market was dominated by offshore drilling, which held over
55% of the market in 2013.The key players in the Latin America
drilling fluids waste management market are Baker Hughes
Incorporated, Imdex Limited, Weatherford International Ltd., National
Oilwell Varco, Halliburton Company, and Schlumberger Limited. The
report explains how brand image plays an important part in the global
drilling fluids waste management market, as services are availed on a
contractual basis.
Key
segments of the Latin America Drilling Fluids Waste Management Market
Latin
America Drilling Fluids Waste Management Market: Service Segment
Analysis
- Solid control
- Treatment & disposal
- Containment & handling
Latin
America Drilling Fluids Waste Management Market: Application Analysis
- Offshore
- Onshore
Latin
America Drilling Fluids Waste Management Market: Country wise
Analysis
- Argentina
- Brazil
- Venezuela
- Others (Rest of Latin America)
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TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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material for business reports.
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