Europe Drilling and Completion Fluids Market has been further categorized and forecast on the basis of major countries, such as Russia, Norway, U.K.
(PRWEB) April 22, 2015
The drilling and completion fluids market in Europe is estimated to grow from $1,312.6 million in 2013 to $1,941.54 million by 2019, at a CAGR of 6.5% from 2014 to 2019.
Browse through the TOC of the Europe Drilling and Completion Fluids Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Europe drilling and completion fluids market, and is supported by various tables and figures.
The increasing energy demand and discovery of new shale reserves are putting pressure to drill at greater depths and in deep and ultra-deep water locations. The lately discovered oilfield and increase in the oil drilling activities has put a great influence on the drilling and completion fluids market. These oil drilling activities and processes have been the driving force for the European drilling and completion fluids market.
Environmental degradation in this region has been a major concern and has resulted in stringent regulations and policies limiting the discharge of harmful fluids. These regulations will boost the market for water-based and synthetic-based drilling and completion fluids.
This market has been segmented and forecast on the basis of type, application, and country. Segmentation by type includes water-based, oil-based, and synthetic–based drilling fluids. By application, the market has been segmented into offshore and onshore operations. The market has been further categorized and forecast on the basis of major countries, such as Russia, Norway, the U.K., and others.
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This report also includes the market share 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 which provide drilling fluids.
North America Drilling and Completion Fluids Market
Increasing drilling and exploration activities for shale and other resources has led to widespread consumption of drilling fluids, which forms one of the reasons for the growth of the drilling and completion fluids market in North America. This market is expected to grow at a CAGR of 4.2% during the forecast period.
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