Increasing investments in oil Exploration tends to Grow Drilling Fluids Demand

The drilling fluids market is anticipated to grow in the forecast period owing to factors such as discovery of new oil reserves, increasing shale gas activities, and increasing investments in oil exploration activities. However, strict government regulations and high capital costs involved in drilling restrict the market growth. On the other hand, the drilling fluids market is likely to showcase opportunities emerging from the increased demands for oil in the Asia-Pacific region during the forecast period.

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Drilling fluid or drilling mud is a mixture of water, oil, clay, and other chemicals that are essential in oil and gas exploration. Drilling fluids aid in reducing the drill pipe stuck problem, cooling the drill bit beside lubricating its teeth, and in carrying the drill cutting to the surface thereby facilitating the drilling process in wellbores. Drilling fluids have proven to be efficient and effective aid in drilling challenging wells.

The report also includes the profiles of key drilling fluids companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

Clariant
Gumpro Drilling Fluids Pvt. Ltd
Mazrui International L.L.C
National Oilwell Varco
Newpark Resources Inc.
NuGenTec
OREN HYDROCARBONS
Royal Dutch Shell Plc
Solvay
Weatherford

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors effecting the drilling fluids market in these regions.