Drilling Fluids Market is Expected to Reach USD 12.31 Billion in 2018: Transparency Market Research


Market Research Reports : Transparency Market Research published new market report "Drilling Fluids (Oil-Based Fluids, Synthetic-Based Fluids and Water-Based Fluids) for Oil and Gas (Offshore & Onshore) Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 - 2018," the global market for drilling fluids was valued at USD 7.20 billion in 2011 and is expected to reach USD 12.31 billion by 2018, growing at a CAGR of 8% from 2012 to 2018.

Depleting onshore reserves have prompted the industry to shift focus towards developing deep sea reserves, which increases the overall cost of wells and in turn generates more revenue for drilling fluid manufacturers. This trend is expected to drive the global demand for drilling fluids over the forecast period. Increasing exploration of shale gas, coal bed methane (CBM) and other unconventional resources promotes the use of horizontal drilling, which is also expected to boost market revenue for drilling fluids. However, growing environmental concerns regarding the use and disposal of drilling fluids coupled with geopolitical issues in key oil producers in the Middle East is expected to hinder the market growth over the forecast period.

The successful implementation of nanotechnology in various industries has prompted industry participants to apply nanotechnology in the oil and gas industry. Major companies such as MI-SWACO (a Schlumberger company), Newpark Drilling Fluids, and Halliburton among others, have been investing heavilyin developing drilling fluids using nanotechnology.
WBFs (Water Based Fluids) emerged as the leading drilling fluid product consumed 

worldwide and accounted for more than 55% of the total market in 2012. WBFs are considered to have minimum toxicity among drilling fluids and are extensively used for offshore drilling. Along with being the largest product segment, WBFs are also expected to be the fastest growing segment, at an estimated CAGR of 8.5% from 2012 to 2018. OBFs (Oil Based Fluids) on the other hand operate efficiently but carry the maximum risk of causing environmental hazards owing to which the industry is shifting focus towards SBFs (Synthetic-
Based Fluids) which has both OBF and WBF like attributes.

Onshore oil and gas consumed most of the drilling fluids and accounted for over 70% of the total market in 2012. The increasing onshore drilling activities in the Middle East, North America and Asia Pacific are expected to boost the demand for drilling fluids in onshore reserves. Growing investments in the "Golden Triangle" (Gulf of Mexico, offshore Brazil and offshore West Africa) on account of the presence of extensive natural resources is expected to drive the market for drilling fluids required in offshore oil and gas exploration and production.

North America continues to be the leading market for drilling fluids and accounted for over 55% of the global market in 2012. Growing exploration of shale gas in U.S. and Canada is expected to drive the market for drilling fluids over the forecast period. Central and South America is expected to be the fastest growing market for drilling fluids at a CAGR of 9.5% from 2012 to 2018. Enhanced drilling activity in offshore Brazil and Venezuela is anticipated to drive the market for drilling fluids in the region. Governmental support in the form of tax holidays and subsidies to E&P companies in order to encourage oil and gas production in India and China is expected to boost the drilling fluids market in Asia Pacific.

The global market for drilling fluids is highly concentrated as the top four companies together accounted for over 65% of the total market in 2012. Some of the major companies operating in the global market include Anchor Drilling, Baker Hughes, Canadian Energy Services, China Oilfield Services Limited, Halliburton, Newpark Drilling Fluids, Schlumberger and Weatherford 
International among others.

This report segments the global drilling fluids market as follows:

Drilling Fluids Market: Product Segment Analysis
  • Oil Based Fluids (OBFs)
  • Synthetic Based Fluids (SBFs)
  • Water Based Fluids (WBFs)

Drilling Fluids Market: Application Analysis
  • Offshore Oil and Gas
  • Onshore Oil and Gas

Drilling Fluids Market: Regional Analysis
  • North America
  • Europe
  • Middle East and Africa
  • Asia Pacific
  • Central and South America


About Us

Transparency Market Research is a global market intelligence company, providing global 
business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
90 Sate Street,
Suite 700
Albany, NY -12207
Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453

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Nanocomposites Market is Expected to Reach USD 5.91 Billion by 2018





Market Research Reports : Transparency Market Research published new market report "Nanocomposites (Carbon Nanotubes, Polymer Metal Fiber, Nanofibers, Graphene, Nanoplatelet and Others) Market for Automotive, Aviation, Electronics, Energy, Construction, Healthcare, Plastics, Military, Consumer Goods and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018". According to the report, the demand for nanocomposites that was over USD 1.91 billion in 2011 is expected to increase to USD 5.91 billion by 2018, growing at a CAGR of 18.0% from 2012 to 2018.

In terms of volume, the global market for nanocomposites is expected to grow at a CAGR of 17.5% between 2012 and 2018. Vehicle safety & need for light-weight materials to improve vehicular performance have been the most important factors driving the market in the past few years. An increased consumption of nanocomposites in building & construction and their importance in the field of electronics and semiconductors have been other factors driving the market of late. At the same time, higher costs incurred in manufacturing certain components for high-performance applications could hinder the market in certain end-user industries.

Nanocomposites are made up of filler materials and surrounding matrix. The most commonly used filler materials are nanoclay (such as Laponite and Montmorillonite) that has a huge demand worldwide. Nanoclay accounted for over 41% of the global market share by product segment in 2011. This product segment is expected to show a CAGR of 17.4% between 2012 and 2018. Glass fibers and metal fibers are also in huge demand and are expected to be major markets in the coming years. Other nanofibers, platelets, carbon nanotubes and graphene are also expected to show healthy growth over the forecast period.

Medical & healthcare, plastics & packaging, military & defense, consumer goods, environment & water are some of the major end user industry segments where nanocomposites are used for a variety of applications. The automotive segment uses nanocomposites in the form of windshields, door paneling, headlight covers, etc. Nanocomposites are also majorly used in the aviation industry during the construction of aircraft and for replacement parts. Nanocomposites are used as bases for circuits, as conducting surfaces and other such high-end applications in electronics and semiconductors. In the energy segment, nanocomposites find numerous applications such as in blades of windmills, turbines and others. Building & construction was the largest market for nanocomposites in 2011 and accounted for over 15% of the total market share. It is expected to grow at a CAGR of 16.9% between 2012 and 2018.

North America was the largest market for nanocomposites in 2011, accounting for approximately 40% of global demand. Building and construction, electronics & semiconductors and aviation were the major markets driving sales for nanocomposites in North America, making it the largest market by volumes. Europe accounted for a large portion of nanocomposite sales. Asia Pacific and RoW are expected to be strong future markets for nanocomposites with growing industrialization and infrastructure. Asia Pacific is expected to show the highest growth in demand and the market for nanocomposites is forecast to grow at a CAGR of 18.8% between 2012 and 2018.

Nanocomposites Market: Product Segment Analysis
  • ·         Carbon nanotube nanocomposites
  • ·         Polymer metal fiber composites
  • ·         Nanofiber nanocomposites
  • ·         Graphene nanocomposites
  • ·         Nanoplatelet (nanoclay and expanded graphite) nanocomposites
  • ·         Other nanocomposites product segment (other fullerene fillers, recycled paper, wood, recycled fibers, etc.)

Nanocomposites Market: End-user Analysis
·         Automotives
  • ·         Aviation
  • ·         Electronics and semiconductors
  • ·         Energy
  • ·         Building & construction
  • ·         Medical and healthcare
  • ·         Plastics and packaging
  • ·         Military and defense
  • ·         Consumer goods
  • ·         Environment and water
  • ·         Others (other packaging, decorative household items, recycled boards, etc.)
Nanocomposites Market: Regional Analysis
  • ·         North America
  • ·         Europe
  • ·         Asia Pacific
  • ·         Rest of the World (RoW)

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street,
Suite 700
Albany, NY -12207
Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453



» Read More...

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