New York, May 02, 2018: The global market for drilling fluids was estimated to be USD 8.00 billion in 2013, and is expected to grow at a CAGR of more than 8% from 2016 to 2023.

    Drilling deeper, longer and more challenging wells has been made possible by improvements in drilling technologies, including more efficient and effective drilling fluids. Drillingfluids, also referred to as drilling mud, are added to the wellbore tofacilitate the drilling process by suspending cuttings, controlling pressure,stabilizing exposed rock, providing buoyancy, and cooling and lubricating.

    The report focuses on drilling fluids used in onshore and offshore application areas. The segmentation followed in the report has been listed below.

    The players mentioned and evaluated in the drilling fluids market report are Newpark Resources Inc.,National Oilwell Varco, Schlumberger Technology Corporation, Canadian EnergyServices &Technology Corp., Anchor Drilling Fluids USA Inc., HalliburtonCompany,etc..

    The report additionally provides qualitative analysis of the leading players, with clear insight and analysis on the development strategies adopted by the market players.

    Browse Full Report: https://www.marketresearchengine.com/reportdetails/drilling-fluids-market

    Due to the increasing innovation in the nanotechnology in the exploration of oil and gas industry has spurred the growth of the drilling fluids market, with major companies investing huge amounts in developing the technology. The report on the global drilling fluids market is a blueprint for the companies in this industry to improve their businesses.

    Key highlights of this report:

    Overview of key market forces propelling and restraining business sector development.

    Current Market Trends, Market Structure and Market Projections for the upcoming years.

    Up-to-date analyses of business sector and technological improvements in the small servers industry

    Pin-point analyses of market competition dynamics to offer you a competition edge

    An analysis of strategies of major competitors

    Drilling fluids market is classified as below:

    Water-based fluids

    Oil-based fluids

    Synthetic-based fluids

    Global Drilling Fluids Market

    Global Drilling Fluids Product Outlook(Revenue, USD Million, 2016 to 2023)

    Oil-Based Fluids(OBF)

    Water-BasedFluids (WBF)

    Synthetics-BasedFluids (SBF)

    Global Drilling Fluids Application Outlook(Revenue, USD Million, 2016 to 2023)

    Onshore Offshore Drilling Fluids Regional Outlook (Revenue, USD Million, 2016 to 2023)

    North America

    Europe

    Asia Pacific

    Middle

    East & Africa

    ROW (Rest ofWord)

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    1. INTRODUCTION

    2 Research Methodology

    3 Executive Summary

    4 Premium Insights

    5 Market Overview

    6 Industry Trends

    7 Drilling & Completion Fluids Market, By Base Fluids Type

    8 Drilling & Completion Fluids Market, By Application

    8.1 Industry Overview
    8.2 Market Share Analysis, By Application
    8.2.1 Onshore
    8.2.1.1 Introduction
    8.2.1.2 The Largest Market Application Area
    8.2.2 Offshore
    8.2.2.1 Introduction
    8.2.2.2 Major Growth Engine Of A Global Market

    9 Drilling & Completion Fluids Market, By Region

    10 Competitive Landscape

    10.1 Overview

    10.2 Market Share Analysis

    10.3 Competitive Situations & Trends

    10.3.1 Mergers & Acquisitions

    10.3.2 Agreements, Contracts, Joint Ventures, & Partnerships, 2011-2014

    10.3.3 Expansions & Investments

    10.3.4 New Product & Technology Launches

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    Source: http://www.financeswire.com/drilling-fluids-market-research-share-analysis-and-trends-by-2022