U.S. Drilling Fluids Market Size & Outlook, 2023-2030
U.S. drilling fluids market, 2018-2030 (US$M)
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U.S. drilling fluids market highlights
- The U.S. drilling fluids market generated a revenue of USD 1,596.7 million in 2023 and is expected to reach USD 2,185.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.6% 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 1,596.7 million |
| Market revenue in 2030 | USD 2,185.9 million |
| Growth rate | 4.6% (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, U.S. accounted for 19.2% 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 North America, U.S. drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,185.9 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 54.83% in 2023. Horizon Databook has segmented the U.S. drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Significant oilfield development in Texas, Gulf of Mexico, and North Dakota along with significant Federal government support for unconventional hydrocarbon resource development is further expected to boost industry expansion.
Rapid oilfield development, large technically recoverable reserves, technological know-how are estimated to provide lucrative opportunities and innovative solutions such as managed pressure drilling, rig less interventions and non-aqueous fluid utilization in both conventional and unconventional reserves is expected to drive market growth over the forecast period.
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Target buyers of U.S. 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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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 U.S. drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into U.S. drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. drilling fluids market size, by product, 2018-2030 (US$M)
U.S. Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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