U.S. Onshore Drilling Fluids Market Size, Status and Forecast to 2025

Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period.

The U.S. Onshore Drilling Fluids Market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc.

OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.

Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.

The water-based segment of U.S. onshore drilling fluids industry was valued over USD 530 million in 2016 on account of growing concern towards toxicity and biodegradation of oil-based fluids. Weighting agents dominated the U.S. OBF additives demand and accounted for over 57% of the total revenuein 2016.

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Surfactants, emulsifiers, & wetting agent segment emerged as the fastest growing segment in synthetic mud additives market with a CAGR of 4.8% from 2017 to 2025.

Top Players of U.S. Onshore Drilling Fluids Market:

Key players such as Schlumberger, Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market over the past few years.

Market Segmentation of U.S. Onshore Drilling Fluids Market:

The U.S. Onshore Drilling Fluids Market segments on the basis of Product and Region.

By Product:

    Oil-Based (OBF)
    Water-Based (WBF)
    Synthetic-Based (SBF)

By Basin:

    Permian
    Eagle Ford
    Niobrara
    Bakken
    Utica
    Marcellus

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