DRILLING CHEMICALS MARKET ANALYSIS

Drilling Chemicals Market, By Chemicals (Dispersants & Deflocculants, Clean Up Chemicals, Shale Stabilizers, Drilling Mud Defoamers and Foaming Agents, Drilling Mud Lubricants, Drilling Mud Surfactants, Spotting Fluids, Fluid Loss Control Additives, Loss Circulation Material, Emulsifiers for Water-based and Oil-based Systems, Drilling Polymers, Weight Materials, Corrosion Inhibitor, Scavengers & Biocides, Viscosifiers, Adhesives & Sealants, and Commercial Chemicals), By Fluid Type (Oil-based Fluids (OBF), Water-based Fluids, Synthetic-Based Drilling Fluids, and Pneumatic Drilling Fluids), By Application (Onshore Drilling and Offshore Drilling), and By Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa)

Key Developments:

In January 2024, Schlumberger (SLB) and Nabors Industries announced a collaboration to enhance the adoption of drilling automation solutions in the oil and gas industry. This partnership aims to leverage advanced technologies to improve drilling efficiency, safety, and overall operational performance.
In 2022, Ingevity Corporation announced its plans to introduce a new line of bio-based oilfield products at the American Association of Drilling Engineers (AADE) 2022 Fluids Conference and Exhibition. This event provided a platform for Ingevity to showcase its innovative solutions, which are designed to offer environment-friendly alternatives for the oil and gas industry.
In 2022, Castrol, a leading global lubricant brand, launched a new hydraulic control fluid designed to meet the evolving needs of the oil and gas industry. This product is formulated to provide enhanced performance, reliability, and safety in hydraulic systems used in drilling and production operations.
In November 2022, NanoMalaysia Berhad unveiled its latest innovation in the oil and gas sector - the drilling fluid loss additive named Synergy 10AS Nano. This product launch marked the culmination of a rigorous four-year testing and development phase, showcasing NanoMalaysia's dedication to research and technological advancement.