Product Code: 978-1-68038-116-0
Drilling Fluids Market Growth & Trends:
The global drilling fluids market size is estimated to reach USD 11,274.8 million by 2030, registering a CAGR of 4.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand in the energy industry. The high demand for crude oil by various industries, such as transportation and energy, has been ramping up oil & gas production globally. Growing concerns about crumbling boreholes, handling solid waste, and spill containment are anticipated to increase drilling fluid demand significantly during the forecast period. The oil and gas industry, and particularly the industries that are linked with it, has been creating immense opportunities in the market.
Water-based drilling fluid captured the highest market share in 2024 due to the increasing requirement for water-based fluid in horizontal drilling like wells. Water-based is considered to be less harmful to the environment than other oils, which is expected to drive demand in the forecast period. Water-based oils are used in 75% of drilling wells globally. The types of fluids used in this are freshwater, brine, saturated, or formate brine, which are less toxic, resulting in creating a huge potential for the industry in the coming years.Product manufacturers have been taking several strategic initiatives, such as new product development, partnerships, M&A, collaborations, agreements, and joint ventures.
These strategies have been adopted to increase market penetration and create enough opportunities for technology implementation for different end-use applications in the region.The major challenge for the product is its adverse effect on the environment due to its toxicity. Water-based oil is still less impactful to the environment in comparison with oil-based fluids. The degree of impact also depends on the type of oil used in the existing environmental conditions. This environmental impact has brought certain restrictions on its use in various parts of the world.
Drilling Fluids Market Report Highlights:
- The water-based segment accounted for the largest revenue market share with 53.1% in 2024, as they are less likely to impact the environment as compared to oil-based, resulting in its demand in the forecast period
- The overall industry is anticipated to witness a huge leap in demand, owing to the growing requirement for crude oil in emerging industry sectors, such as energy and transportation, which is expected to drive demand for oil & gas production globally
- The onshore application segment dominated the market with the highest share of 59.8% in 2024. This is attributed to the ongoing oil drilling activities in the onshore field to fulfill growing energy needs
- The global volume of oil & gas production is anticipated to witness huge growth due to an increasing number of research initiatives to develop abandoned oil wells and renewed projects in onshore oilfield.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Drilling Fluids Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Technology Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Drilling Fluids Market: Supplier Portfolio Analysis
- 4.1. List of Raw Material Suppliers
- 4.2. Portfolio Analysis/Kraljic Matrix
- 4.3. Engagement Model
- 4.4. List of Raw Material Suppliers
- 4.5. Negotiating Strategies
- 4.6. Sourcing Best Practices
Chapter 5. Drilling Fluids Market: Product Estimates & Trend Analysis
- 5.1. Drilling Fluids Market: Product Movement Analysis, 2023 & 2030
- 5.2. Oil-Based
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Synthetic Based
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Water-Based
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Other Products
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Drilling Fluids Market: End Use Estimates & Trend Analysis
- 6.1. Drilling Fluids Market: End Use Movement Analysis, 2023 & 2030
- 6.2. Onshore
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Offshore
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Drilling Fluids Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.2.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.9. Russia
- 7.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.9.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.10. Norway
- 7.3.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.10.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.3.10.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5.5. Argentina
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning Analysis, 2024
- 8.4. Vendor Landscape
- 8.4.1. List of Key Distributors & Channel Partners
- 8.4.2. List of End Use
- 8.5. Strategy Mapping
- 8.6. Company Profiles/Listing
- 8.6.1. AkzoNobel N.V.
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.2. China Oilfield Services Ltd.
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.3. Baker Hughes, Inc.
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.4. CES Energy Solutions Corp.
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.5. Halliburton, Inc.
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.6. Newpark Resources, Inc.
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.7. Petrochem Performance Chemical Ltd.
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.8. Schlumberger Ltd.
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.9. Scomi Group Bhd
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.10. Weatherford International
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.11. Chevron Phillips Chemical Company
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.12. BASF SE
- 8.6.12.1. Company Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.13. DuPont
- 8.6.13.1. Company Overview
- 8.6.13.2. Financial Performance
- 8.6.13.3. Product Benchmarking
- 8.6.14. Dow
- 8.6.14.1. Company Overview
- 8.6.14.2. Financial Performance
- 8.6.14.3. Product Benchmarking