The Oilfield Drilling Fluid Additive Market to rise extensively owing to the demand for oil and gas due to industrialization
Oilfield Drilling Fluid Additive Market: Overview
Drilling fluid plays an important role in oil and gas exploration activities. It is the mixture of water, oil, clay, and several chemicals. It is also called drilling mud. Oilfield drilling fluid additives are chemical formulations used in various functions in the oil & gas industry. They help create proper fluid weight to balance pressure formation and optimize fluid flow. Other functions include maintaining strong boundary lubrication films in silicate-based mud systems specialized for shale drilling, which is done by lubricating agents. Other important functions are wettability, detergency, and clay stabilization. Selection of drilling fluid additives requires careful consideration of several criteria such as well design, rock composition, potential formation pressures and temperatures, reservoir chemistry, protection of the producing zone, and environmental regulations.
Report Brochure Link: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=55794
Oilfield Drilling Fluid Additive Market: Demands & Developments
Rise in demand for oil and gas due to industrialization, urbanization, and population growth is driving the drilling market across the globe. This is ultimately boosting the oilfield drilling fluid additive market. Increase in exploration and new discovery of oil and gas deposits are fueling the oilfield drilling fluid additive market. Furthermore, rise in investments in the oil & gas sector is boosting the oilfield drilling fluid additive market. For instance, in April 2018, U.S. Oil & Gas Plc (USOIL) started new exploration drilling at the Hot Creek Valley project in Nevada. However, high cost of drilling and stringent government regulations on offshore drilling are estimated to hamper the oilfield drilling fluid additive market.
Request For Discount: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=55794
Oilfield Drilling Fluid Additive Market: Key Segments
The global oilfield drilling fluid additive market can be segmented based on type, fluid formulation, and region. Based on type, the oilfield drilling fluid additive market can be classified into fluid viscosifiers, corrosion inhibitors, weighting agents, fluid loss control additives, defoamers, dispersants, and others. Fluid loss control additives, also known as filtration control agents. Clays, dispersants, and polymers such as starch are widely used as fluid-loss control additives. Weighting agents such as barite and hematite are high-density minerals. They are largely used to increase the hydrostatic pressure of mud to equalize downhole pressures.
Based on fluid formulation, the oilfield drilling fluid additive market can be segmented into water based fluids, oil based fluids, and synthetic based fluids. Water based fluids are largely used drilling fluid systems. These fluid systems are less expensive, require less chemical treatment before disposal, and are eco-friendly. This is expected to fuel the demand for water based fluids during the forecast period.
View Report: https://www.transparencymarketresearch.com/oilfield-drilling-fluid-additive-market.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/