APAC and American Regions Set to Grow in the Coiled Tubing and Drilling Fluid Markets by 2018 - New Report by MicroMarket Monitor

The key market drivers for drilling and completion fluids are rapidly growing energy demand and exploration of hydrocarbons on new frontiers. http://www.micromarketmonitor.com/market-report/drilling-fluid-completion-fluid-reports-8062354106.html

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MicroMarket Monitor

MicroMarket Monitor

The main objective of using drilling and completion fluids is to provide lubrication and decrease the friction, cooling of wellbore, and the removal of rock cuttings.

(PRWEB) May 21, 2014

Drilling and completion fluids are one of the most essential requirements for any drilling activity, whether carried onshore or offshore. The main purpose in using drilling and completion fluids is to provide lubrication, decrease the friction, cool the wellbore, and remove rock cuttings.

http://www.micromarketmonitor.com/market-report/drilling-fluid-completion-fluid-reports-8062354106.html

Advancements in technology and increasing applications of CT services in field operations drive this industry’s growth. Also, the usage of CT eliminates the need for work over rigs for intervention applications, reducing associated costs, enabling the industry to find markets across the regions.

http://www.micromarketmonitor.com/market-report/coiled-tubing-services-reports-8709078072.html

The Asia-Pacific Coiled Tubing services revenue was valued at $316 million in 2012. Major countries in the region include China, India, Kazakhstan, and Australia. Increased discovery of shale reserves in Asia-Pacific, especially in countries such as China and India, could trigger new oil & gas field services to a new high in the coming years. Between 2013 and 2018, the region is expected to witness a strong growth at a CAGR of 8.5%, to reach $503.8 million by 2018.

Browse through the market data tables and figures and detailed ToC on the “Asia Pacific Coiled Tubing Services Market.”

http://www.micromarketmonitor.com/market/asia-pacific-coiled-tubing-services-3235435076.html

The CT market in Europe was valued at $444 million in 2012. Within Europe, Russia accounted for almost 66% of the total CT revenue share. Countries, such as Russia with a large base of oil & gas production, are likely to show a decent growth for oil field services. Between 2013 and 2018, the country is expected to witness a strong growth at a CAGR of 8.9%, to reach $483 million by 2018.

Browse through the market data tables and figures and detailed ToC on the “Europe Coiled Tubing Services Market.”

http://www.micromarketmonitor.com/market/europe-coiled-tubing-services-8036945947.html

The coiled tubing market in South America was valued at $269 million in 2012. Within South America, Brazil, Venezuela, and Argentina are the major countries where CT services are used. Between 2013 and 2018, the CT market in the region is expected to witness a strong growth at a CAGR of 7.6%, to reach $430 million by 2018.

Browse through the market data tables and figures and detailed ToC on the “South America Coiled Tubing Services Market.”

http://www.micromarketmonitor.com/market/south-america-coiled-tubing-services-1749664570.html

The North American drilling and completion fluids market is driven by the growth in drilling activities for oil and gas reserves. This market is getting a boost due to a rise in drilling for shale oil and gas reserves. These activities consume a huge quantity of drilling and completion fluids, due to which the market continues to grow. Between 2013 and 2018, the drilling and completion fluid market in the region is expected to witness a strong growth at a CAGR of 7.3%, to reach $7,848 million by 2018.

Browse through the market data tables and figures and detailed ToC on the “North America Drilling Fluid & Completion Fluid Market”.

http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html

In Asia-Pacific, China has the largest drilling activities and investments, which, in turn, represents the largest drilling and completion fluids market in China. Some other countries, such as Thailand and Australia, are experiencing the fastest growth in drilling activities owing to the offshore oil and gas exploration. However, the unorganized drilling and completion fluids manufacturing sector of China produces low cost products and additives which have slightly adverse effects on the Chinese drilling and completion fluids market revenue. These increasing drilling activities in the Asia-Pacific region will definitely draw the growth of the drilling and completion fluids market within the region.Between 2013 and 2018, the drilling and completion fluid market in the region is expected to witness a strong growth at a CAGR of 7.8%, to reach $2,386 million by 2018.

Browse through the market data tables and figures and detailed ToC on the “APAC Drilling Fluid & Completion Fluid Market.”

http://www.micromarketmonitor.com/market/asia-pacific-drilling-fluid-completion-fluid-5274629646.html

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