Albany, NY -- (SBWIRE) -- 12/20/2017 -- Drilling fluids are primarily composed of bentonite that is mixed in a certain concentration with water or oil, mainly serves the purpose of lubrication and cooling of the drill bit and drill string and transporting the drill cuttings to the surface. Completion fluids are used during well completions in activities such as hydraulic fracturing and well stimulation.

The global drilling and completion fluids market to grow at a CAGR of 6.58% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global drilling and completion fluids market for 2017-2021. To calculate the market size, the report considers the new sales value of drilling and completion fluids used in an oil well and exclude aftermarket and retrofit markets.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Drilling and Completion Fluids Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
General Electric
Halliburton
Schlumberger
TETRA Technologies
Weatherford
Other prominent vendors
AES Drilling Fluids
Akzo Nobel
Anchor Drilling Fluids
BASF
Calumet Specialty Products
CES Energy Solutions
ChemSol
Chevron Phillips Chemical
CP Kelco
Drilling Fluids Technology
Ecolab
Flotek Industries
GEO Drilling Fluids
Gumpro Drilling Fluids
IMDEX
Lamberti
National Oilwell Varco
Newpark Resources
Royal Dutch Shell
Scomi Group
Stepan
Tiger Fluids
Wacker Chemie
WorkSafeBC

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Market driver
Rise in unconventional oil and gas resources
For a full, detailed list, view our report

Market challenge
Decline in investments in upstream sector
For a full, detailed list, view our report

Market trend
Supercritical carbon dioxide in shale gas fracking
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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