India Drilling Fluids Market Size & Outlook, 2023-2030
India drilling fluids market, 2018-2030 (US$M)
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India drilling fluids market highlights
- The India drilling fluids market generated a revenue of USD 108.9 million in 2023 and is expected to reach USD 154.7 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% 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 108.9 million |
| Market revenue in 2030 | USD 154.7 million |
| Growth rate | 5.2% (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, India accounted for 1.3% 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 |
|---|
India 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 52.53% in 2023. Horizon Databook has segmented the India drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The participation of the private sector is expected to bring monetary resources and technological capabilities, especially in the field of deep-sea exploration while simultaneously reducing the dominance of PSUs in the country. These factors are anticipated to drive the market growth in the country over the next few years.
Indian government has allowed 100 % FDI in the oil and gas sector, enabling some large partnerships such as the USD 7.2 billion deal between BP and Reliance Industries. In order to further aid the development of oil & gas sector, the government introduces legislations such as the NELP to enable companies to bid for exploration rights, and encourage private sector participation.
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Target buyers of India 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 India drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into India drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India drilling fluids market size, by product, 2018-2030 (US$M)
India Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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