Thailand Drilling Fluids Market Size & Outlook, 2023-2030
Thailand drilling fluids market, 2018-2030 (US$M)
Related Markets
Thailand drilling fluids market highlights
- The Thailand drilling fluids market generated a revenue of USD 45.0 million in 2023 and is expected to reach USD 60.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.4% 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 45.0 million |
| Market revenue in 2030 | USD 60.8 million |
| Growth rate | 4.4% (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, Thailand accounted for 0.5% 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 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 |
|---|
Thailand 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 53.33% in 2023. Horizon Databook has segmented the Thailand drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The regional gas production is projected to decrease by 8.8% over the forthcoming years. This decline is a result of sluggish investment in greenfield assets, low oil prices and maturing fields. This will hamper the growth in regional consumption of natural gas, which is expected to increase at a rate of 1% - 2% per annum over the forecast period.
The regional natural gas imports are expected to increase progressively over the forecast period owing to declining production and expansion of LNG import capacity. The net percentage of LNG imports will increase from 39% to 47% by the end of forecast period.
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Target buyers of Thailand 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 Thailand drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Thailand drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand drilling fluids market size, by product, 2018-2030 (US$M)
Thailand Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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