Report ID: UCMIG20I2013
Report ID:
UCMIG20I2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Drilling and completion fluids are widely used in the oil exploration industry. Drilling fluids are also used to maintain wellbore stability, manage pressure when drilling, seal permeable formations encountered while drilling, remove cuttings from the wellbore, deliver hydraulic energy to the downhole tool, and cool and lubricate the bit. With the surge in crude oil consumption, drilling activity has grown as well. The increase in drilling and finishing fluids is directly related to drilling activity. Different types of drilling fluids are required depending on geographic conditions, economic viability, and other variables. As a result of technological developments and increased demand, drilling deeper wells is becoming more popular. Drilling takes occurs in a high-pressure, high-temperature environment. Drilling and completion fluid consumption is expected to climb in the future years as the number of wells drilled onshore and offshore increases.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: UCMIG20I2013