Government encouragement in terms of supportive schemes is also foreseeable in the next two to four years. This is anticipated to boost the overall growth of the drilling fluids waste management market in the near future.
Albany, NY -- (SBWIRE) -- 02/19/2016 -- Stringent government regulations for disposal of drilling fluids coupled with a paradigm shift towards development of shale gas and deep sea reserves is expected to drive the drilling fluids waste management market in Latin America from 2014 to 2020. Currently, drilling fluids waste management companies are reaping the rewards of the boom in the oil and gas industry in Latin America. Drilling activities, especially in the eco-sensitive areas of Amazon and offshore areas of Brazil, require special attention and monitoring in terms of disposal of drilling fluids waste. However, regulations related to drilling fluids waste management vary in different countries. Disposal limits of drilling fluids also depend upon the types of drilling fluids. Thus, these may differ for oil-based, water-based and synthetic drilling fluids.
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This report analyzes, estimates and forecasts the drilling fluids waste management market in Latin America in terms of revenue (USD Million) from 2012 to 2020. The report estimates revenue for major countries in Latin America, including Argentina, Brazil and Venezuela. Apart from geography, the report provides revenue-based segmentation in terms of services (solid control, treatment & disposal and containment & handling) and applications (onshore and offshore). Furthermore, the report analyzes major driving and restraining factors for drilling fluids waste management and highlights potential opportunities for the drilling fluids waste management market in the near future. Drivers, restraints and opportunities for the market are developed after in-depth analysis of the oil and gas industry in Latin America. Growth of the oil and gas industry in Latin America is determined primarily by the government or state owned oil and gas companies such as Petrobras (Petróleo Brasileiro S.A.), YPF (Yacimientos Petrolíferos Fiscales) and PDVSA (Petróleos de Venezuela, S.A.). The monopoly prevalent in the market directly affects drilling fluids waste management companies operating in Latin America. Market segmentation of the study is based on service and application types. Services are classified into solid control, treatment & disposal, and containment & handling.
Applications for drilling fluids waste management are covered for both onshore and offshore areas of Latin America. This involves further analysis of the sub-segments of each service and application type for Brazil, Argentina, Venezuela and others. The report is customized as per the client's requirement to provide an in-depth analysis of the drilling fluids waste management market in Latin America, with detailed analysis of countries such as Brazil, Argentina and Venezuela. The report further offers a brief overview of drilling fluids waste management in countries such as Ecuador, Colombia, Peru and Bolivia, categorized under the others segment.
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The report includes detailed value chain analysis, thereby providing a comprehensive view of major players in the drilling fluids waste management market in Latin America. Value chain provides an analysis of major market players active in the drilling fluids waste management market. The study also analyzes market competition using Porter's five forces model and describes the impact of suppliers, buyers, substitutes, new entrants and market competition. Porter's five forces model is designed based on market dynamics along with the micro and macro economic factors that affect drilling fluids waste management companies functioning in Latin America. Market attractiveness analysis helps in estimating the most profitable segment for investment. Market attractiveness is prepared for the application (onshore and offshore) segment. Companies profiled in the report include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International Limited, National Oilwell Varco and Imdex Limited (AMC Oil and Gas). Company profiles comprise product portfolio, financial overview (updated based on data availability), SWOT analysis, business strategy and recent developments.
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Prices of drilling fluids waste services are volatile in nature and change depending upon the application and types of service segments. Prices of overall drilling fluids waste services are expected to fluctuate, leading to a squeeze in profit margins.
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