North America Drilling Fluids Market: Snapshot
The North America drilling fluids market is growing significantly in the drilling process for mineral extraction bore wells, and oil and gas extraction. The drilling fluids also known as drilling mud are used to lubricate and cool the drill bits, carry rock cuttings to the surface, and maintains stability of the well. Moreover, they also function as emulsifiers, corrosion inhibitors, filtration reducers, defoamers, shale inhibitors, biocides, and weighing agents, with specific additives.
Increasing implementation of horizontal drilling is expected to boost the demand for drilling fluids across the region. In addition to that, developing deep sea reserves and rising demand for drilling activities supplemented by the shift towards exploring and developing are also projected to flourish the drilling market in North America.
According to Transparency Market Research, the North America drilling fluids market is projected to attain a valuation of US$7.2 bn by the end of 2019. During the course of seven years between 2013 and 2019, the market is anticipated to rise at 7.5% CAGR.
Low Cost of Water Based Fluids to Boost Demand for Drilling Fluids
North America drilling fluids market is categorized on the basis of product and application of drilling fluids. Based on the oil and gas industry, the drilling fluids market is bifurcated into onshore and offshore. Out of these, onshore drilling fluids segment is projected to dominate the North America drilling fluid market during the forecast period. According to the report the onshore application of drilling fluids in comparatively high than offshore.
Based on product type, the market is segmented on the basis of oil based fluids (OBF), water based fluids (WBF), and synthetic based fluids (SBF). Among these, water based fluids are likely to dominate the market due to its low cost and environmental friendly content during the forecast tenure. Due to technological advancements, inhibition properties, and improved efficiency, the water based fluids is likely to grow in offshore explorations.
Mexico to Strengthen Its Position Due to Increasing Access to Foreign Companies
In 2012, the U.S. dominated the North America drilling fluids market and held 80% of revenue in this market. After the U.S., Canada has led the market but faced sluggish growth rate because of unrealized potential of shale gas. On the other hand, Mexico was considered one of the niche markets, and access to foreign companies in this country is projected to rise in the near future. In addition to that, increasing investment in onshore and offshore drilling activities is anticipated to accelerate the overall product demand during the forecast period.
In 2012, Schlumberger Technology Corporation was considered as a leading player on the North America drilling fluids market by holding substantial shares in the market. The company merged with M-I SWACO that helped them in reinforcing their position in this region. Among the various oilfield service companies, Halliburton Company is considered as one of the leading players.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research methodology
1.4 List of abbreviation
Chapter 2 Executive Summary
2.1 North American drilling fluids: Market snapshot
Chapter 3 North America Drilling Fluids: Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
3.3.1 Increasing oil drilling activities in North America
3.3.2 Focus on developing deep sea reserves and implementing horizontal drilling
3.3.3 Increasing exploration of shale gas, CBM and other unconventional resources
3.4 Restraints
3.4.1 Growing environmental concerns regarding the use and disposal of drilling fluids
3.5 Opportunities
3.5.1 Emergence of nanotechnology for developing drilling fluids
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Degree of competition
3.7 North America Drilling fluids: Market attractiveness analysis
3.8 North America Drilling Fluids: Company market share analysis, 2012
Chapter 4 Drilling Fluids: Product Segment Analysis
4.1 North America drilling fluids market: Product overview
4.1.1 North America drilling fluids market revenue share, by product segment, 2012 and 2019
4.2 Oil-based fluids (OBFs)
4.2.1 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million)
4.3 Synthetic-based fluids (SBFs)
4.3.1 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD Million)
4.4 Water-based fluids (WBF)
4.4.1 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million)
Chapter 5 Drilling Fluids: Application Segment Analysis
5.1 North America drilling fluids market: Application overview
5.1.1 North America drilling fluids market revenue share, by application, 2012 & 2019
5.2 Offshore oil and gas
5.2.1 North America demand for drilling fluids from offshore oil and gas, 2012-2019 (USD Million)
5.3 Onshore Oil and Gas
5.3.1 North America demand for drilling fluids from onshore oil and gas, 2012-2019 (USD Million)
Chapter 6 North American Drilling Fluids: Country Analysis
6.1 North America Drilling Fluids Market: Country Overview
6.1.1 North America drilling fluids market revenue share, by country, 2012 & 2019
6.2 U.S.
6.2.1 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.2.2 U.S. drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
6.2.3 U.S .drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
6.3 Canada
6.3.1 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.3.2 Canada drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
6.3.3 Canada drilling fluids market estimates and forecast, by application, 2012 - 2019 (USD Million)
6.4 Mexico
6.4.1 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
6.4.2 Mexico drilling fluids market estimates and forecast, by product segment, 2012 - 2019 (USD Million)
6.4.3 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
Chapter 7 Company Profiles
7.1 Schlumberger Technology Corporation
7.1.1 Company overview
7.1.2 Financial overview
7.1.3 Business strategies
7.1.4 SWOT analysis
7.1.5 Recent developments
7.2 Halliburton Company
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategies
7.2.4 SWOT analysis
7.2.5 Recent developments
7.3 Baker Hughes Incorporated
7.3.1 Company overview
7.3.2 Financial overview
7.3.3 Business strategies
7.3.4 SWOT analysis
7.3.5 Recent developments
7.4 Newpark Resources Inc.
7.4.1 Company overview
7.4.2 Financial overview
7.4.3 Business strategies
7.4.4 SWOT analysis
7.4.5 Recent developments
7.5 Weatherford International Ltd.
7.5.1 Company overview
7.5.2 Financial overview
7.5.3 Business strategies
7.5.4 SWOT analysis
7.5.5 Recent developments
7.6 Canadian Energy Services & Technology Corp.
7.6.1 Company overview
7.6.2 Financial overview
7.6.3 Business strategies
7.6.4 SWOT analysis
7.6.5 Recent developments
7.7 China Oilfield Services Limited
7.7.1 Company overview
7.7.2 Financial overview
7.7.3 Business strategies
7.7.4 SWOT analysis
7.8 Anchor Drilling Fluids USA Inc.
7.8.1 Company overview
7.8.2 Business strategies
7.8.3 SWOT analysis
7.8.4 Recent developments
7.9 National Oilwell Varco
7.9.1 Company overview
7.9.2 Financial overview
7.9.3 Business strategies
7.9.4 SWOT analysis
List of Tables
TABLE 1 North America drilling fluids market snapshot
TABLE 2 Comparative analysis between various types of drilling fluids
TABLE 3 Typical composition of water based fluids
TABLE 4 Typical composition of oil based drilling fluids
TABLE 5 Drivers for drilling fluids market: Impact analysis
TABLE 6 Restraints of drilling fluids market: Impact analysis
TABLE 7 Toxicity grades of drilling fluids
TABLE 8 U.S. drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 9 U.S. drilling fluids market estimates and forecast, by application 2012-2019 (USD Million)
TABLE 10 Canada drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 11 Canada drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
TABLE 12 Mexico drilling fluids market estimates and forecast, by product, 2012 - 2019 (USD Million)
TABLE 13 Mexico drilling fluids market estimates and forecast, by application 2012 - 2019 (USD Million)
List of Figures
FIG. 1 North America Drilling fluids: Market segmentation
FIG. 2 North America drilling fluids market estimates and forecast, 2012 - 2019 (USD million)
FIG. 3 Value chain analysis
FIG. 4 U.S oil and gas rig counts, 2009 - 2012
FIG. 5 Global rig count share, by geographic region, 2012
FIG. 6 Global offshore drilling expenditure, 2008 - 2012 (USD billion)
FIG. 7 Top ten countries with technically recoverable shale gas resources, 2012 (trillion cubic feet)
FIG. 8 Annual Barnett shale natural gas production share, by well type, 2008 - 2012
FIG. 9 Porter’s five forces analysis
FIG. 10 North America Drilling fluids: Market attractiveness analysis
FIG. 11 North America Drillings Fluids: Company market share analysis, 2012
FIG. 12 North America drilling fluids market revenue share by product, 2012 and 2019
FIG. 13 North America market estimates and forecast for oil-based fluids, 2012 - 2019 (USD Million)
FIG. 14 North America market estimates and forecast for synthetic-based fluids, 2012 - 2019 (USD Million)
FIG. 15 North America estimates and forecast for water-based fluids, 2012 - 2019 (USD Million)
FIG. 16 North America drilling fluids market revenue share by application, 2012 and 2019
FIG. 17 North America demand for drilling fluids from offshore oil and gas, 2012 – 2019 (USD Million)
FIG. 18 North America demand for drilling fluids from onshore oil and gas, 2012 – 2019 (USD Million)
FIG. 19 North America drilling fluids market revenue share, by country, 2012 & 2019
FIG. 20 U.S. drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
FIG. 21 Canada drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
FIG. 22 Mexico drilling fluids market estimates and forecast, 2012 - 2019 (USD Million)
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