Singapore Drilling Fluids Market Size & Outlook, 2023-2030
Singapore drilling fluids market, 2018-2030 (US$M)
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Singapore drilling fluids market highlights
- The Singapore drilling fluids market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The Singapore market is expected to grow at a CAGR of 3% 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 11.9 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 3% (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, Singapore accounted for 0.1% 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 Asia Pacific, China drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 927.7 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Singapore 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 56.3% in 2023. Horizon Databook has segmented the Singapore drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore is expected to remain a large importer of crude and natural gas over the next five years, to meet strong demand to meet the region’s ever-growing demand for energy. Singapore is projected to require approximately 1.14mn b/d of imports per annum over the forecast period.
This region is expected to remain a sizeable importer of oil & refined fuels over the forecast period. The crude imports will be driven by robust demand for feedstock from its refining sector. The region’s marine sector will however be responsible for the need to import refined fuels.
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Target buyers of Singapore 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 Singapore drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Singapore drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore drilling fluids market size, by product, 2018-2030 (US$M)
Singapore Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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