Dec 27, 2017   SOURCE: BusinessWire

Drilling Waste Management Market - Forecast to Reach $6.2 Billion by 2023 - Research and Markets

The "Drilling Waste Management - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Drilling Waste Management market is estimated at $3.89 billion in 2016 and is expected to reach $6.23 billion by 2023 growing at a CAGR of 6.9% from 2016 to 2023.

Factors such as growing environmental concerns, increasing oil exploration and production activities, stringent government regulations and rising awareness regarding hazardous effects are influencing the market growth. In addition, future improvements in shale gas exploration along with ongoing R&D in offshore drilling are projected to provide huge opportunities for industry participants over the forecast period. However, intense competition in the service market and slump in crude oil prices are some of the key factors inhibiting the market growth.

Amongst Application, onshore segment held the major share and is anticipated to grow at a stable rate during the forecast period. Onshore finds its major market in the North American and European region. North America is anticipated to be the leading regional market over the next seven years due to large number of onshore wells coupled with growing exploration activities in Gulf region. The market for oil & gas drilling onshore is the most matured in the region. Additionally, there is an increase in the usage of hydraulic fracturing and horizontal drilling techniques in shale gas exploration in America.

Services Covered:

  • Treatment & Disposal
  • Solids Control
  • Recycling and Recovery
  • Disposal
  • Containment & Handling

Applications Covered:

  • Offshore
  • Onshore

Companies Mentioned

  • Weatherford International Ltd.
  • Xi'an Kosun Machinery Co., Ltd.
  • TWMA Ltd.
  • Tervita Corporation
  • Step Oiltools
  • Specialty Drilling Fluids Ltd.
  • Soli-Bond, Inc.
  • Soiltech as
  • Secure Energy Services, Inc.
  • Scomi Group BHD
  • Schlumberger Ltd.
  • Ridgeline Canada, Inc.
  • Nuverra Environmental Solutions
  • Newalta
  • National Oilwell Varco, Inc.
  • Imdex Limited
  • Hebei Gn Solids Control Co. Ltd.
  • Halliburton Co.
  • Derrick Equipment Company
  • Baker Hughes, Inc.
  • Augean PLC.

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Drilling Waste Management Market, By Service

6. Global Drilling Waste Management Market, By Application

7. Global Drilling Waste Management Market, By Geography

8. Key Developments

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/j2vrhm/drilling_waste