Iraq Drilling Fluids Market Size & Outlook, 2023-2030
Iraq drilling fluids market, 2018-2030 (US$M)
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Iraq drilling fluids market highlights
- The Iraq drilling fluids market generated a revenue of USD 189.4 million in 2023 and is expected to reach USD 245.6 million by 2030.
- The Iraq market is expected to grow at a CAGR of 3.8% 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 189.4 million |
| Market revenue in 2030 | USD 245.6 million |
| Growth rate | 3.8% (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, Iraq accounted for 2.3% 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 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 |
|---|
Iraq 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 46.67% in 2023. Horizon Databook has segmented the Iraq drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The onshore industry in the region is comparatively mature owing to its already established and proven potential of oil & natural gas production. Further exploration and development is anticipated to take place onshore following the licensing rounds of 2011 and 2013.
The number of active rigs in the region have been decreasing over the last few years however the oil production in the region has witnessed growth at a very progressive rate. The regional players reduced capital expenses by approximately 40% between 2014-16. As per this cost reduction campaign a significant number of projects that did not fulfill the criteria were either canceled or postponed
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Our clientele includes a mix of drilling fluids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Iraq drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Iraq drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iraq drilling fluids market size, by product, 2018-2030 (US$M)
Iraq Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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