Vietnam Drilling Fluids Market Size & Outlook, 2023-2030
Vietnam drilling fluids market, 2018-2030 (US$M)
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Vietnam drilling fluids market highlights
- The Vietnam drilling fluids market generated a revenue of USD 40.3 million in 2023 and is expected to reach USD 52.9 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 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 40.3 million |
| Market revenue in 2030 | USD 52.9 million |
| Growth rate | 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, Vietnam 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 |
|---|
Vietnam 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 49.63% in 2023. Horizon Databook has segmented the Vietnam drilling fluids market based on obf, sbf, wbf covering the revenue growth of each sub-segment from 2018 to 2030.
The upcoming LNG import terminals will give the region an added advantage to begin its LNG imports. Any delays in the commencement of these projects pose a significant drawback to Vietnam and remains critical and would result in gas shortage. Vietnam's independence in oil and natural gas is projected to come to an end by 2017 owing to decreasing production and increasing demand.
This would lead to the country becoming an oil importer. The increase in refining capacity over the next few years is set to aggravate the regional reliance on crude import. This will help to reduce Vietnam's need for refined fuels imports in over the forecast period.
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Target buyers of Vietnam 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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Horizon Databook provides a detailed overview of country-level data and insights on the Vietnam drilling fluids market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam drilling fluids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam drilling fluids market size, by product, 2018-2030 (US$M)
Vietnam Drilling Fluids Market Outlook Share, 2023 & 2030 (US$M)
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