Latin America Drilling Fluids Market Size & Outlook
Latin America drilling fluids market, 2018-2030 (US$M)
Related Markets
Latin America drilling fluids market highlights
- The Latin America drilling fluids market generated a revenue of USD 656.0 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 656.0 million |
| Market revenue in 2030 | USD 864.8 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Wbf |
| Fastest growing segment | WBF |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.9% of the global drilling fluids market in 2023.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,738.6 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 50.81% in 2023. Horizon Databook has segmented the Latin America drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Growing deep-water exploration and production activities in Gulf region is expected to drive drilling fluids demand over the forecast period. Major companies such as Chevron, Petronas, Shell, Total, and YPF had announced investment plans for E&P activities in 2015. However, the various macroeconomic factors such as inflation, falling oil prices, and economic downturn had negative impact on the oil production in various regions of Argentina, Brazil, and Venezuela.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America drilling fluids market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America drilling fluids market size, by country, 2018-2030 (US$M)
Latin America Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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