North America Drilling Fluid & Completion Fluid Market is Expected to Reach $7.8 Billion in 2018 - New Report by MicroMarket Monitor

The North America Drilling Fluid and Completion Fluid Market report defines and segments the drilling fluid and completion fluid market in North America with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/north-america-drilling-fluid-completion-fluid-2200133703.html

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MicroMarket Monitor

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Key players in the North America Drilling Fluid & Completion Fluid Market are M-i Swaco, Halliburton Co., Baker Huges, New Park Resources Inc, Macroeconomic Indicators & others.

(PRWEB) July 21, 2014

The North America Drilling Fluid and Completion Fluid Market report defines and segments the drilling fluid and completion fluid market in North America with analysis and forecast of revenue. This market is estimated to grow from around $5.5 billion in 2013 to $7.8 billion by 2018, at a CAGR of 7.3% from 2013 to 2018.

Browse through the TOC of the North America Drilling Fluid and Completion Fluid Market report, to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in this market, and is supported by various tables and figures.

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

The increasing energy demand, rise in population, and discoveries of new CBM and shale reserves are putting pressure to drill at greater depths and enter deep and ultra-deep waters. Recent increase in oilfield discoveries and rise in drilling activities especially for those focusing on crude oil has positively impacted the drilling fluid and completion fluid market. These factors have been major drivers of this market. The price trend of crude oil and natural gas will support remote offshore sites and shale exploration.

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North America holds the largest share in the drilling fluids and completion fluids market due to the presence of half of the world's oil and gas reserves in this region. The U.S. has the maximum number of shale reserves as compared to other regions. Offshore activities in the Gulf of Mexico are on the rise, which supports companies to expand within the region, due to which the top drilling and completion fluids manufacturers are based in North America. The U.S. is the biggest market in North America, and as of 2013, contributed a major share of more than 50% in the drilling fluid and completion fluid market in this region.

This market is segmented and forecasted on the basis of types, applications, and geography. Segmentation by type of drilling fluid includes water-based, oil-based, synthetic-based, and others. By application the market is segmented into offshore and onshore operations. The market is further segmented and forecasted on the basis of major countries, such as the U.S. and Canada.

Get a copy of PDF Brochure at http://www.micromarketmonitor.com/contact/2200133703-download_pdf_brochure.html.

This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies in the drilling fluid and completion fluid industry.

Related Reports:

Latin America Drilling Fluid & Completion Fluid Market
The Latin American Drilling Fluid & Completion Fluid market was estimated at $0.9 billion in 2013 and is projected to reach $1.4 billion by 2018, at a CAGR of 9.2%. It is segmented on the basis of type such as Water based, Oil based, synthetic based; application and geographies.This market constitutes 8.7% of the global drilling fluid & completion fluid market and is estimated to reach a market share of 9.4% by the end of 2018.Hydrocolloids are segmented into water-based drilling & completion fluids, oil-based drilling & completion fluids, synthetic-based drilling & completion fluids, and others-based drilling & completion fluids comprising 59.05%, 22.65%, 16.9%, and 1.4% respectively.

http://www.micromarketmonitor.com/market/latin-america-drilling-fluid-completion-fluid-9727352154.html

Europe Drilling Fluid & Completion Fluid Market
The European Drilling Fluid & Completion Fluid market was valued at $1.3 billion in the year 2013 and is projected to reach $1.8 billion by the end of the year 2018 at a CAGR of 6.1%. It constitutes 12.2% of the global coiled tubing services market in 2013 and is estimated to be 11.5% by 2018. It is segmented on the basis of type, application and geographies.On basis of types, it can be segmented into water-based, oil-based, synthetic-based, and others-based comprising 61.6%, 22.4%, 15%, and 0.9% respectively.It can also be segmented on the basis of applications and geographies.

http://www.micromarketmonitor.com/market/europe-drilling-fluid-completion-fluid-9196506726.html

Asia-Pacific Drilling Fluid & Completion Fluid Market
The Asia-Pacific Drilling Fluid & Completion Fluid market was estimated at $1.6 billion in 2013 and is projected to reach $2.4 billion by 2018, at a CAGR of 7.8%. Drilling Fluid & Completion Fluid are segmented into water-based, oil-based, synthetic-based and others comprising 61.8%, 20.8%, 16.4%, and 0.9% respectively. It is segmented on the basis of applications such as Onshore and Offshore and geographies which includes China, Austria, Thailand, India, Indonesia and others.

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

Africa Drilling Fluid & Completion Fluid Market
The African Drilling Fluid & Completion Fluid market was estimated at $0.7 billion in 2013 and is expected to reach $1.1 billion by 2018, at a CAGR of 8.8%. The African Drilling Fluid & Completion Fluid constitutes 6.7% of the global market and is poised to grow its market share to 7.1% by the end of 2018.Hydrocolloids are segmented into water-based drilling & completion fluids, oil-based drilling & completion fluids, synthetic-based drilling & completion fluids, and others-based drilling & completion fluids comprising 59.9%, 22.5%, 16.6%, and 0.9% respectively, of the global drilling fluid & completion fluid market.It is also segmented on the basis of country and application.

http://www.micromarketmonitor.com/market/africa-drilling-fluid-completion-fluid-8784254335.html

Middle East Drilling Fluid & Completion Fluid Market
The Middle Eastern Drilling Fluid & Completion Fluid market was valued $0.5 billion in 2013 and is expected to reach $0.7 billion in 2018 at a CAGR of 5.7%. This market constitutes 5.2% of the global market.Hydrocolloids are segmented into water-based, oil-based, synthetic-base drilling & others completion fluids comprising 43.2%, 37.7%, 17%, and 2.05% respectively.It is further segmented on the basis applications such as Onshore and Offshore and geographies which includes Oman and Saudi Arabia.

http://www.micromarketmonitor.com/market/middle-east-drilling-fluid-completion-fluid-3201014125.html

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