|2020-02-28 来源： 中国石化新闻网|
李峻 编译自 iCrowdNewsWire
Global Drilling and Completion Fluids Market Demand to Grow 5.82% Annually Through 2023 & is Expected to Reach $12.76 Billion
According to the new market research report "Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023" , the drilling and completion fluids market are projected to reach USD 12.76 billion by 2023 from USD 9.62 billion in 2018, at a CAGR of 5.82%. The growth in this market is supported mainly by the increasing onshore and offshore drilling activities and the rising shale gas exploration. Drilling and completion fluids are essential for any onshore or offshore drilling activities. These fluids facilitate the drilling process by suspending cuttings, controlling pressure, stabilizing the exposed rock, and by providing buoyancy, cooling & lubrication.
The onshore segment will continue to lead the drilling and completion fluids market, by application, during the forecast period
The drilling and completion fluids market are segmented by application into onshore and offshore. The onshore segment accounted for the largest share of the drilling and completion fluids market in 2018. The number of wells drilled onshore drastically increased in 2018 compared with 2017. The onshore application segment is expected to dominate the drilling and completion fluids market as the majority of global oil & gas reserves are present onshore. The increasing use of drilling fluids in the hard rock drilling process is expected to boost the onshore applications market for drilling and completion fluids.