Qatar Drilling Fluids Market Size & Outlook, 2023-2030
Qatar drilling fluids market, 2018-2030 (US$M)
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Qatar drilling fluids market highlights
- The Qatar drilling fluids market generated a revenue of USD 209.9 million in 2023 and is expected to reach USD 277.4 million by 2030.
- The Qatar market is expected to grow at a CAGR of 4.1% 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 209.9 million |
| Market revenue in 2030 | USD 277.4 million |
| Growth rate | 4.1% (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, Qatar accounted for 2.5% 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 |
|---|
Qatar 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 48.31% in 2023. Horizon Databook has segmented the Qatar drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Qatar has witnessed large scale projects in natural gas development and exports for downstream industries that utilize it as a feedstock. Presence of megaprojects including Total, Shell, ExxonMobil, and ConocoPhillips is expected to drive LNG sector in the region. Deploying advanced techniques such as enhanced oil recovery (EOR) for oil exploration activity in fields including Al Shaheen, Bu Hanine, Dukhan and Idd al Shargi is expected to drive oil E&P in the region, over the next seven years.
Ongoing developments in oil & gas industry such as new contracts and investments to sustain annual production levels is expected to drive oil & gas E&P activity in the region over the next seven years. Owing to its small population, its power energy requirements are met by domestic sources. The country exports its crude most of its oil and refined products.
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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 country-level data and insights on the Qatar drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Qatar drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Qatar drilling fluids market size, by product, 2018-2030 (US$M)
Qatar Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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