Venezuela Drilling Fluids Market Size & Outlook, 2023-2030
Venezuela drilling fluids market, 2018-2030 (US$M)
Related Markets
Venezuela drilling fluids market highlights
- The Venezuela drilling fluids market generated a revenue of USD 248.8 million in 2023 and is expected to reach USD 332.8 million by 2030.
- The Venezuela market is expected to grow at a CAGR of 4.2% 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 248.8 million |
| Market revenue in 2030 | USD 332.8 million |
| Growth rate | 4.2% (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, Venezuela accounted for 3.0% 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 Latin America, Venezuela drilling fluids market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 177.3 million by 2030.
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Drilling Fluids Market Scope
Drilling Fluids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Venezuela 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 51.45% in 2023. Horizon Databook has segmented the Venezuela drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
Another major player, Rosneft has made announcements regarding investment plans for its Petromonagas joint venture in Venezuela. The company invested USD 500 million and increased its stakes from 16.7 percent to 40 percent. These strategic initiatives by major oil & gas players in the CSA region are expected to offer sustainable growth to the drilling projects over the long term.
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Target buyers of Venezuela 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 Venezuela drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Venezuela drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Venezuela drilling fluids market size, by product, 2018-2030 (US$M)
Venezuela Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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