Kuwait Drilling Fluids Market Size & Outlook, 2023-2030
Kuwait drilling fluids market, 2018-2030 (US$M)
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Kuwait drilling fluids market highlights
- The Kuwait drilling fluids market generated a revenue of USD 166.0 million in 2023 and is expected to reach USD 240.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 5.4% 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 166.0 million |
| Market revenue in 2030 | USD 240.0 million |
| Growth rate | 5.4% (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, Kuwait accounted for 2.0% 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 |
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Kuwait 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 45.66% in 2023. Horizon Databook has segmented the Kuwait drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Growing concern about wellbore stability, well blowout, and extreme temperature operating conditions is expected to drive drilling fluids demand in offshore and onshore regions. Recent developments in technological innovations to study soil characteristics and temperature detection have led to development of new drilling fluids that cater to both low and high temperature operations.
Aforementioned factors are expected to drive drilling fluids demand in the region over the forecast period. Despite the decline in oil prices, new technologies and research to develop mature fields is expected to drive oil & gas industries in the region.
Recent revisions in regulatory laws on Public Private Partnerships (PPPs) are expected to drive investments from developers and construction companies in building oil infrastructure in the region.
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Target buyers of Kuwait 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 Kuwait drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait drilling fluids market size, by product, 2018-2030 (US$M)
Kuwait Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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