Download Free Sample Report

The global Drilling Fluid market was valued at US$ 9992.1 million in 2022 and is projected to reach US$ 13600 million by 2029, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Drilling fluid is any fluid that circulated in the borehole to help in carrying out a cost-effective and efficient drilling operation resulting in stable and gauged borehole to targeted depth with minimum possible damage to prospective formations.

Drilling fluid, also called drilling mud is used to aid the drilling of boreholes into the earth. Often used while drilling oil and natural gas wells and on exploration drilling rigs, drilling fluids are also used for much simpler boreholes, such as water wells. One of the functions of drilling mud is to carry cuttings out of the hole.

The main functions of drilling fluids include providing hydrostatic pressure to prevent formation fluids from entering into the well bore, keeping the drill bit cool and clean during drilling, carrying out drill cuttings, and suspending the drill cuttings while drilling is paused and when the drilling assembly is brought in and out of the hole. The drilling fluid used for a particular job is selected to avoid formation damage and to limit corrosion.
This report aims to provide a comprehensive presentation of the global market for Drilling Fluid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drilling Fluid. This report contains market size and forecasts of Drilling Fluid in global, including the following market information:

• Global Drilling Fluid Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global Drilling Fluid Market Sales, 2018-2023, 2024-2030, (K MT)
• Global top five Drilling Fluid companies in 2022 (%)

Global key players of drilling fluids include Schlumberger, Halliburton, Baker Hughes, etc. America is the largest producer of semiconductor sealing products, holds a share over 50%, followed by Asia-Pacific, and Europe. In terms of product, water based fluids (WBF) is the largest segment, with a share about 50%. And in terms of application, the largest segment is onshore drilling, with a share about 75%.
We surveyed the Drilling Fluid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drilling Fluid Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Drilling Fluid Market Segment Percentages, by Type, 2022 (%)

• Oil-Based Fluids (OBF)
• Water Based Fluids (WBF)
• Others

Global Drilling Fluid Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Drilling Fluid Market Segment Percentages, by Application, 2022 (%)

• Onshore Oil
• Offshore Oil
• Natural Gas Industry

Global Drilling Fluid Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Drilling Fluid Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Drilling Fluid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Drilling Fluid revenues share in global market, 2022 (%)
Key companies Drilling Fluid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Drilling Fluid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Schlumberger (M-I Swaco)
• Halliburton
• Baker Hughes
• Newpark Resources
• Tetra Technologies
• Canadian Energy Services & Technology
• National Oilwell Varco
• Scomi Group Bhd
• Secure Energy Services
• Weatherford International
• Anchor Drilling Fluids USA
• Global Drilling Fluids & Chemicals
• PetroChina
• Sinopec
• CNOOC

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Drilling Fluid, market overview.
• Chapter 2: Global Drilling Fluid market size in revenue and volume.
• Chapter 3: Detailed analysis of Drilling Fluid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Drilling Fluid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Drilling Fluid capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.