Market Size of United States Onshore Drilling Fluid Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 13.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Onshore Drilling Fluid Market Analysis
The United States onshore drilling fluid market is expected to witness a CAGR of over 13%, over the forecast period.
- Continuous growth in demand from Permian basin is expected to drive the demand for the market during the forecast period.
- Drilling fluid challenges are likely to hinder the market growth.
- Increasing exploitation of unconventional reserves is projected to act as an opportunity for the market, in the future.
US Onshore Drilling Fluid Industry Segmentation
The United States onshore drilling fluid market report includes:
Additive Type | |
Protective Chemicals | |
Fluid Viscosifiers | |
Weighting Agents | |
Wetting Agents | |
Lost Circulation Materials | |
Thinners | |
Rheology Modifiers | |
Surfactants | |
Alkalinity and pH Control Materials | |
Shale Stabilizers | |
Other Additive Types |
Product Type | |
Oil-based Drilling Fluid | |
Synthetic-based Drilling Fluid | |
Water-based Drilling Fluid |
Basin | |
Permian | |
Eagle Ford | |
Niobrara | |
Bakken | |
Appalachia | |
Other Basins |
United States Onshore Drilling Fluid Market Size Summary
The United States onshore drilling fluid market is poised for significant growth, driven primarily by the increasing demand from the Permian Basin, a key region for oil and natural gas production. This basin, spanning West Texas and Southeastern New Mexico, is a major contributor to the country's shale oil output and is expected to become one of the largest crude-producing areas globally. The revival of activity in sub-basins like the Delaware and Marfa Basins, fueled by the exploitation of unconventional reserves, presents substantial opportunities for market expansion. However, challenges related to drilling fluid performance may pose obstacles to growth. The market is characterized by a consolidated landscape, with major players such as Horizon Mud, Aes Drilling Fluids, MEDSERV, Baker Hughes, and Schlumberger Limited playing pivotal roles.
Oil-based drilling fluids, known for their ability to reduce well friction and maintain stability under high temperature and pressure conditions, are increasingly utilized in the U.S. onshore drilling sector. These fluids, formulated with base oils like diesel and mineral oil, are particularly effective in high-depth zones and are crucial for maintaining pH levels during drilling operations. Despite the challenges posed by high-gas solubility, which complicates kick detection, the development of shale and tight gas reserves is expected to enhance the demand for oil-based drilling fluids. The market's growth trajectory is supported by the ongoing exploration and production activities in the Permian Basin, underscoring the strategic importance of drilling fluids in the U.S. energy landscape.
United States Onshore Drilling Fluid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Low Breakeven Price and High Crude Oil Price
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1.1.2 Increasing Demand for Longer Lateral Length
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1.1.3 Continuous Growth in Demand from Permian Basin
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1.2 Restraints
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1.2.1 High DUC Well Count
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1.2.2 Drilling Fluid Challenges
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1.3 Value Chain/Supply Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Regulations and Policies
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1.6 Raw Materials Trends
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1.7 Technology Snapshot
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2. MARKET SEGMENTATION
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2.1 Additive Type
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2.1.1 Protective Chemicals
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2.1.2 Fluid Viscosifiers
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2.1.3 Weighting Agents
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2.1.4 Wetting Agents
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2.1.5 Lost Circulation Materials
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2.1.6 Thinners
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2.1.7 Rheology Modifiers
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2.1.8 Surfactants
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2.1.9 Alkalinity and pH Control Materials
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2.1.10 Shale Stabilizers
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2.1.11 Other Additive Types
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2.2 Product Type
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2.2.1 Oil-based Drilling Fluid
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2.2.2 Synthetic-based Drilling Fluid
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2.2.3 Water-based Drilling Fluid
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2.3 Basin
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2.3.1 Permian
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2.3.2 Eagle Ford
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2.3.3 Niobrara
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2.3.4 Bakken
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2.3.5 Appalachia
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2.3.6 Other Basins
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United States Onshore Drilling Fluid Market Size FAQs
What is the current United States Onshore Drilling Fluid Market size?
The United States Onshore Drilling Fluid Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)
Who are the key players in United States Onshore Drilling Fluid Market?
Horizon Mud Company Inc., Medserv PLC, Baker Hughes A GE Co. and Schlumberger Limited are the major companies operating in the United States Onshore Drilling Fluid Market.