UK Drilling Fluids Market Size & Outlook, 2023-2030
UK drilling fluids market, 2018-2030 (US$M)
Related Markets
UK drilling fluids market highlights
- The UK drilling fluids market generated a revenue of USD 81.7 million in 2023 and is expected to reach USD 98.3 million by 2030.
- The UK market is expected to grow at a CAGR of 2.7% 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 81.7 million |
| Market revenue in 2030 | USD 98.3 million |
| Growth rate | 2.7% (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, UK accounted for 1.0% 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 |
|---|
UK 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 60.1% in 2023. Horizon Databook has segmented the UK drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The market in UK has stagnated growth the production of oil and natural gas moving at a steady pace owing to geopolitics in the European Union. There are antitrust issues due to which the operations in the region have been hampered. Moreover, UK has reached its peak point in production and is looking forward to better prospects in the LNG sector which has resulted in the sluggish movement of the industry.
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Target buyers of UK 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 UK drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into UK drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK drilling fluids market size, by product, 2018-2030 (US$M)
UK Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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