Australia Drilling Fluids Market Size & Outlook, 2023-2030
Australia drilling fluids market, 2018-2030 (US$M)
Related Markets
Australia drilling fluids market highlights
- The Australia drilling fluids market generated a revenue of USD 65.8 million in 2023 and is expected to reach USD 78.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 2.5% 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 65.8 million |
| Market revenue in 2030 | USD 78.4 million |
| Growth rate | 2.5% (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, Australia accounted for 0.8% 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 Asia Pacific, China drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 927.7 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 55.02% in 2023. Horizon Databook has segmented the Australia drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The Australian oil and gas industry is highly capital intensive and the amount of investment required is very high. Developing a greenfield project requires a huge amount of capital for acquiring the right equipment and a range of specialized set of drilling fluids for offshore or onshore drilling operations.
The number of active rigs in the region have gone down significantly over the last few years however the production of crude and natural gas has been moving at a steady pace. The regional performance of E & P industry is affected by fluctuations in oil and gas prices, demand form local and international markets, exchange rate movements and annual production volumes.
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Target buyers of Australia drilling fluids market databook
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Our clientele includes a mix of drilling fluids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 country-level data and insights on the Australia drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Australia drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia drilling fluids market size, by product, 2018-2030 (US$M)
Australia Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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