COVID-19 Impact & Recovery Analysis- Water-based Drilling and Completion Fluids Market (2019-2023) | Increasing Global Oil Rig Activity to Boost Growth | Technavio

Technavio has been monitoring the water-based drilling and completion fluids market and it is poised to grow by USD 1.95 billion during 2019-2023, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period.

Frequently Asked Questions-

1. How big is the global water-based drilling and completion fluids market?

A. As per Technavio, the year-over-year growth rate for 2019 is estimated at 4.72% and the incremental growth of the market is anticipated to be USD 1.95 billion during the forecast period.

2. At what rate is the market projected to grow during the forecast period 2019-2023?

A. The market will grow at a CAGR of almost 6% during the forecast period.

3. What are the key market drivers?

A. Increasing global oil rig activity and the emergence of nanoparticles for oilfield applications are the major factors driving the market.

4. Which region will account for the highest market growth?

A. The North American region will account for the highest growth due to the rise in the number of active rigs.

5. What are the top companies in the market?

A. Baker Hughes, Halliburton, National Oilwell Varco, Newpark Resources, Schlumberger, and Weatherford.

The increasing global oil rig activity will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Water-based Drilling and Completion Fluids Market 2019-2023: Segmentation

Water-based Drilling and Completion Fluids Market is segmented as below:

• Application
  • Onshore
  • Offshore
• Geographic Landscape
  • APAC
  • Europe
  • Middle East and Africa
  • North America
  • South America

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Water-based Drilling and Completion Fluids Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our water-based drilling and completion fluids market report covers the following areas:

• Water-based Drilling and Completion Fluids Market size
• Water-based Drilling and Completion Fluids Market trends
• Water-based Drilling and Completion Fluids Market analysis

This study identifies the emergence of nanoparticles for oilfield applications as one of the prime reasons driving the water-based drilling and completion fluids market growth during the next few years.

Water-based Drilling and Completion Fluids Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the water-based drilling and completion fluids market, including some of the vendors such as Baker Hughes, Halliburton, National Oilwell Varco, Newpark Resources, Schlumberger, and Weatherford. Backed with competitive intelligence and benchmarking, our research reports on the water-based drilling and completion fluids market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Water-based Drilling and Completion Fluids Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist water-based drilling and completion fluids market growth during the next five years
• Estimation of the water-based drilling and completion fluids market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the water-based drilling and completion fluids market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of water-based drilling and completion fluids market vendors

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Onshore - Market size and forecast 2018-2023
• Offshore - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2018-2023
• Middle East and Africa - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 10: MARKET TRENDS

• Increase in deepwater and ultra-deepwater upstream projects
• Nanotechnology for oilfield applications
• Qatar’s exit from OPEC

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Baker Hughes
• Halliburton
• National Oilwell Varco
• Newpark Resources
• Schlumberger
• Weatherford

PART 13: APPENDIX

• Research methodology
• List of abbreviations

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