Global Drilling Fluids Market Size & Outlook, 2023-2030
Global drilling fluids market, 2018-2030 (US$M)
Related Markets
Global drilling fluids market highlights
- The global drilling fluids market generated a revenue of USD 8,324.9 million in 2023 and is expected to reach USD 11,274.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, wbf accounted for a revenue of USD 4,391.9 million in 2023.
- WBF is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, MEA was the largest revenue generating market in 2023.
- Country-wise, Azerbaijan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,324.9 million |
| Market revenue in 2030 | USD 11,274.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Wbf |
| Fastest growing segment | WBF |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OBF, SBF, WBF |
Other key industry trends
- In terms of revenue, the North America accounted for 25.2% of the global drilling fluids market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Azerbaijan is the fastest growing regional market and is projected to reach USD 85.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global drilling fluids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drilling fluids market will help companies and investors design strategic landscapes.
Wbf was the largest segment with a revenue share of 52.76% in 2023. Horizon Databook has segmented the Global drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Drilling Fluids Product Outlook (Revenue, USD Million, 2018-2030)
- OBF
- SBF
- WBF
- Others
- Global Drilling Fluids End Use Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
Reasons to subscribe to Global drilling fluids market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global drilling fluids market databook
-
Our clientele includes a mix of drilling fluids market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global drilling fluids market , including forecasts for subscribers. This global databook contains high-level insights into Global drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global drilling fluids market size, by regions, 2018-2030 (US$M)
Top 10 countries: Drilling fluids market size, 2023 (US$M)
Global drilling fluids market share, by product, 2023 & 2030 (%, US$M)
Drilling fluids market: Opportunity assessment by country
Global drilling fluids market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,952.9 | 2,007.2 | 1,914.6 | 1,946.3 | 2,018.1 | 2,100.4 | 2,194.4 | 2,283.8 | 2,386.0 | 2,483.3 | 2,594.4 | 2,700.1 | 2,820.9 | 4.3% |
| Europe | 1,655.9 | 1,694.4 | 1,609.1 | 1,628.5 | 1,681.0 | 1,741.6 | 1,811.2 | 1,876.4 | 1,951.3 | 2,021.4 | 2,102.0 | 2,177.3 | 2,264.0 | 3.8% |
| Asia Pacific | 1,075.7 | 1,116.4 | 1,075.2 | 1,103.6 | 1,155.3 | 1,213.8 | 1,280.1 | 1,344.7 | 1,417.9 | 1,489.4 | 1,570.3 | 1,649.2 | 1,738.6 | 5.3% |
| Latin America | 617.9 | 633.4 | 602.7 | 611.1 | 632.0 | 656.0 | 683.6 | 709.6 | 739.3 | 767.4 | 799.6 | 830.0 | 864.8 | 4.0% |
| MEA | 2,392.3 | 2,466.4 | 2,360.0 | 2,406.6 | 2,503.1 | 2,613.2 | 2,738.6 | 2,859.1 | 2,996.3 | 3,128.1 | 3,278.2 | 3,422.3 | 3,586.5 | 4.6% |
| Overall | 7,694.7 | 7,917.8 | 7,561.5 | 7,696.1 | 7,989.3 | 8,324.9 | 8,707.8 | 9,073.5 | 9,490.9 | 9,889.5 | 10,344.5 | 10,778.9 | 11,274.8 | 4.4% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
