Global Water-based Drilling and Completion Fluids Market 2019-2023: Nanotechnology for Oilfield Applications Gaining Momentum

Dublin, April 02, 2019 (GLOBE NEWSWIRE) -- The "Global Water-based Drilling and Completion Fluids Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The water-based drilling and completion fluids market will register a CAGR of close to 6% by 2023.

The liquid fuel consumption will increase steadily globally during the forecast period, owing to the increase in industrialization and urbanization in developing countries. To meet the fuel demand major oil and gas companies have resorted to E&P projects. The demand for fuel from countries like China and India, which are the largest consumers of fuel in the world, is increasing. Urbanization and increase in disposable income in developing countries are driving the demand for fuel.

To meet the ever-increasing demand for oil and natural gas, oil and gas companies are increasing their E&P activities and focusing on areas where oil and gas production can be maximized. The increase in upstream investments which is expected to continue in coming years and this will drive the growth of the global water-based drilling and completion fluids market during the forecast period.

Market Overview

Rise in unconventional oil and gas E&P activities

The rising investment in unconventional E&P projects will increase the need for drilling equipment during unconventional well drilling, thereby driving the global water-based drilling and completion fluids market during the forecast period.

Growing adoption of renewable sources of energy

Renewable energy sources have gained importance as a clean energy fuel source, thereby supporting global initiatives to reduce the greenhouse gas (GHG) emissions leading to climatic changes across the world. Increase in renewable energy sources will impact the adoption of conventional fuels in the market. This will have a negative impact on the growth of the global conventional fuels market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

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

For more information about this report visit https://www.researchandmarkets.com/research/lxjmsz/global?w=12

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Related Topics: Oilfield Equipment and Services