Russia Drilling Fluids Market Size & Outlook, 2023-2030
Russia drilling fluids market, 2018-2030 (US$M)
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Russia drilling fluids market highlights
- The Russia drilling fluids market generated a revenue of USD 1,111.5 million in 2023 and is expected to reach USD 1,476.6 million by 2030.
- The Russia 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 1,111.5 million |
| Market revenue in 2030 | USD 1,476.6 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, Russia accounted for 13.4% 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 Europe, Russia drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 1,476.6 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 58.66% in 2023. Horizon Databook has segmented the Russia drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The number of active rigs along with the production of oil and natural gas have witnessed a steady growth over the last few years owing to amplified oil recovery from existing oil fields and the exploration of new reserves coupled with reserves that are difficult to recover.
Russian oil companies such as Rosneft, Lukoil, Gazprom, and Tatneft have made announcements regarding exploration of undiscovered offshore resources. Major strategies adopted by the companies include sustainable production targets in mature fields and developing new fields in the region. Aforementioned factors are expected to offer moderate growth for the oil & gas industry in the region over the long term.
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Target buyers of Russia 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 country-level data and insights on the Russia drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Russia drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia drilling fluids market size, by product, 2018-2030 (US$M)
Russia Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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