Albany, NY -- (SBWire) -- 12/06/2017 --New research study titled "North America Drilling Fluids Market - Industry Analysis, Size Share, Growth, Trends and Forecast 2012 - 2019" to its collection, according to which the North America drilling fuel market that was worth US$4,336.8 million in 2012 is estimated to be valued at US$7,203.6 million by the end of 2019, registering growth at an impressive CAGR of 7.5% during the forecast period from 2013 to 2019.
Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits and also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion inhibitors, with specific additives. Drilling fluids are classified as OBF, WBF and SBF. These drilling fluids are used in water bore wells, in oil and gas extraction or metal and mineral extraction.
This research is designed to estimate, analyze, and forecast market revenue of drilling fluids across the North America market. The research provides in-depth analysis of the market size of drilling fluids, in terms of revenue. The report covers key applications and product segments of the drilling fluids market. It also provides detailed analysis, historical data and statistically refined forecast for the segments covered.
The market size for drilling fluids has been estimated on the basis of indicators in product segments. This report also discusses various applications of drilling fluids. The major applications considered under the drilling fluids market cover the onshore and offshore oil and gas applications. The key product segments analyzed in this report include Water based fluids (WBFs), Oil based fluids (OBFs) and Synthetic based fluids (SBFs). Furthermore, the market is analyzed based on geography that constitutes countries such as the U.S., Canada and Mexico.
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The price for drilling fluid is volatile in nature and changes depending upon the application and product type. There is slight reduction in per product profit margin; however, the overall profit margins are increasing as the demand for drilling fluids is expected to continue increasing at a tremendous rate. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the drilling fluids market as below:
North America Drilling Fluids Market: Application Analysis
Onshore Oil and Gas
Offshore Oil and Gas
North America Drilling Fluids Market: Product Segment Analysis
Oil Based Fluids (OBFs)
Synthetic Based Fluids (SBFs)
Water Based Fluids (WBFs)
North America Drilling Fluids Market: Country Analysis
U.S.
Canada
Mexico
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Drilling Fluids Market (WBF, OBF and SBF) by Application (Onshore and Offshore) - North America Industry Analysis, Trends and Forecast by 2019
Drilling Fluids Market Report Presents an Analysis of the Key Factors Driving the Market Growth.