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Oil and gas drilling fluids market to reach $12.31 billion by 2018
The global market for drilling fluids is expected to grow to $12.31 billion by 2018,
thanks to an uptick in onshore and offshore oil and gas drilling activities, according
to a new report from Market Research Institute.
In 2007, the drilling fluids market was valued at $7.2 billion, the report stated. Deep
sea reserves, however, are expected to drive much of the growth in the market.
Deep sea offshore drilling activities are more expensive to complete, which generates more
revenue for drilling fluid manufacturers.
"This trend is expected to drive the global demand for drilling fluids over the forecast
period," the report said. "Increasing exploration of shale gas, coal bed methane (CBM)
and other conventional resources promotes the use of horizontal drilling,
which is also expected to boost market revenue for drilling fluids."
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such as xanthan gum, pac(polyanionic cellulose), cmc(carboxymethyl cellulose), cms
(carboxymethyl starch), pam(polyacrylamied), hpg(hydroxypropyl guar gum), and etc,
will keep a constant focus on the growing of drilling fluid market and supply world
market excellent products and professional service