Drilling Waste Management Market To Reach $7.41 Billion By 2030

Drilling Waste Management Market Growth & Trends

The global drilling waste management market size is expected to reach USD 7.41 billion by 2030, registering to grow at a CAGR of 4.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing ecological awareness towards effective treatment and disposal of drilling wastes coupled with strict regulations to enforce the laws will boost the market growth.

Increasing drilling activity for natural gas exploration along with growing construction sites for residential and commercial spaces is predicted to drive the global drilling waste management market over the forecast timeframe. Applications of the market include onshore and offshore drilling wastes. Onshore application segment is the dominant sub-segment of the market, while the offshore application is predicted to witness significant growth by 2030. North America leads the onshore application segment owing to the unprecedented domestic production levels crude oil, largely due to the wide adoption of innovative technologies including hydraulic fracturing and horizontal drilling, signalling the onset of a shale revolution.

The drilling waste management market is also segmented based on services, including treatment & disposal, containment & handling, and solids control. In 2023, Treatment & disposal accounted for 36.7% of the market share, largely owing to onsite burial sites including landfills and pits, land-spreading, land-farming, incineration & thermal treatment, slurry injection and bioremediation. Treatment & disposal services are chiefly dominant in Europe and North America owing to increasingly strict regulations including zero-discharge standards that direct drilling companies to effectively treat and reuse all drilling waste generated, and forbid any dumping, especially in water bodies like rivers or seas.

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Drilling Waste Management Market Report Highlights

• The offshore segment dominated the market and accounted for a share of 74.6% in 2023. Offshore drilling activities generate significant amounts of waste, including drilling fluids, cuttings, and produced water, which can have severe environmental impacts when not managed properly.

• The treatment & disposal segment accounted for the largest market share of 36.7% in 2023 owing to the increased adoption of methods including onsite burials (pits and landfills), land-farming, land-spreading, bioremediation, thermal treatment, and slurry injection techniques.

• The North America drilling waste management market secured the dominant share of 34.3% revenue in 2023 attributed to the various drilling activities in fields including oil & natural gas, shale gas, mining, and construction sectors. In addition, stringent regulations set by the Environmental protection Agency (EPA) have driven the adoption of advanced waste management technologies.

Drilling Waste Management Market Segmentation

Grand View Research has segmented the global drilling waste management market based on  on application, service and region:

Drilling Waste Management Application Outlook (Revenue, USD Million, 2018 - 2030)

• Onshore

• Offshore

Drilling Waste Management Service Outlook (Revenue, USD Million, 2018 - 2030)

• Solid Control

• Containment & Handling

• Treatment & Disposal

Drilling Waste Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in Drilling Waste Management Market

• Baker Hughes Company

• Augean

• Halliburton

• SLB

• NOV

• Scomi Group Bhd

• GN Solids Control

• Derrick Corporation

• NEWALTA

• Nuverra Environmental Solutions, Inc.

• Secure Energy

• IMDEX LIMITED

• Soli-Bond Inc.

• Ridgeline Canada, Inc.