Global Drilling Fluids Market Projected to Reach $ 8.34 Billion by 2018
Global Drilling Fluids Market Projected
to Reach $ 8.34 Billion by 2018
Drilling fluid is used to aid the drilling of boreholes into the earth. Drilling fluids
includes synthetic based fluids and oil based fluids on the base of classification, which
represent 24% and 37% of global drilling fluids market.
Onshore oil & gas and offshore oil & gas are the main application of Drilling fluids
product and Asia is the largest drilling fluids market on production and consumption.
Global Drilling fluids market is projected to reach $ 8.34 Billion by 2018, with a
GAGR of 6.2% from 2014, and Asia will have a big dynamic momentum on the
market growth. The major players in the global drilling fluids market are Halliburton,
Newpark, Baker Hughes, Weatherford, Schlumberger, National Oilwell Varco etc.
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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 510-400-8520