Iran Drilling Fluids Market Size & Outlook, 2023-2030
Iran drilling fluids market, 2018-2030 (US$M)
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Iran drilling fluids market highlights
- The Iran drilling fluids market generated a revenue of USD 482.1 million in 2023 and is expected to reach USD 675.6 million by 2030.
- The Iran market is expected to grow at a CAGR of 4.9% 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 482.1 million |
| Market revenue in 2030 | USD 675.6 million |
| Growth rate | 4.9% (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, Iran accounted for 5.8% 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 Middle East & Africa, Saudi Arabia drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- Algeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 317.1 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Iran 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 50.94% in 2023. Horizon Databook has segmented the Iran drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The regional exports in recent years that had been capped due to the western sanctions adversely hampering the growth of the industry. Approximately 50 drilling projects worth 189 billion have been acknowledged in this region that can surge its capacity for oil production. It is projected that the production in Persian Gulf oil fields will rise by approximately 40% by 2025.
This will not only boost the E&P activity, but also increase the competition with other oil producing nations.The elimination of the oil embargo is anticipated to cater to the major investments in the regional industry. Moreover, with an intent to nurture the terms with international oil companies and to counter the risk, the authorities announced a new oil contract model by the name Iranian Petroleum Contract to make it lucrative for the foreign investors.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Iran drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Iran drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iran drilling fluids market size, by product, 2018-2030 (US$M)
Iran Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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