Argentina Drilling Fluids Market Size & Outlook, 2023-2030
Argentina drilling fluids market, 2018-2030 (US$M)
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Argentina drilling fluids market highlights
- The Argentina drilling fluids market generated a revenue of USD 90.7 million in 2023 and is expected to reach USD 118.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, wbf was the largest revenue generating product in 2023.
- WBF is the most lucrative product segment registering the fastest growth during the forecast period.
Drilling fluids market data book summary
| Market revenue in 2023 | USD 90.7 million |
| Market revenue in 2030 | USD 118.9 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Wbf |
| Fastest growing segment | WBF |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OBF, SBF, WBF |
| Key market players worldwide | Baker Hughes Co Class A, CES Energy Solutions Corp, Halliburton Co, Newpark Resources Inc, Petronas Chemicals Group Bhd, Schlumberger Ltd, Weatherford International PLC Ordinary Shares - New |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global drilling fluids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Venezuela drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 177.3 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 50.06% in 2023. Horizon Databook has segmented the Argentina drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Recent developments in the region include government initiatives to compensate producers launching new natural gas projects in Argentina. Despite fluctuating oil prices, major companies such as Petrobras have announced investment plans for subsea and deep-sea drilling projects commencing during 2016 in the Gulf of Mexico field.
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Our clientele includes a mix of drilling fluids market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Argentina drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina drilling fluids market size, by product, 2018-2030 (US$M)
Argentina Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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