China Drilling Fluids Market Size & Outlook, 2023-2030
China drilling fluids market, 2018-2030 (US$M)
Related Markets
China drilling fluids market highlights
- The China drilling fluids market generated a revenue of USD 618.8 million in 2023 and is expected to reach USD 927.7 million by 2030.
- The China market is expected to grow at a CAGR of 6% 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 618.8 million |
| Market revenue in 2030 | USD 927.7 million |
| Growth rate | 6% (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, China accounted for 7.4% 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 |
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China 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 53.38% in 2023. Horizon Databook has segmented the China drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Most of the oil production in the country comes from large mature oil fields located in the northern part of the country. PetroChina’s Daqing field is located in the northeastern part of China and is the largest oil-producing field. Other major oilfield in the country include Sinopec’s Shengli field and PetroChina’s Changqing field.
China’s gas fields are mainly located in inland provinces, in the northern central northwestern part of China. Sichuan Basin is considered another major gas-producing region in China, and most of the gas fields are large non-associated gas fields. PetroChina’s Changqing Sulige gas field is the largest gas-producing field in China.
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Target buyers of China 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 China drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into China drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China drilling fluids market size, by product, 2018-2030 (US$M)
China Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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