DRILLING FLUIDS MARKET ANALYSIS

Regional Analysis

Global Drilling Fluids Market: Regional Insights

North America is projected to gain substantial growth in the global drilling fluids market over the forecast period. This is owing to increasing shale oil and gas and fracking exploration. Moreover, the increasing development of oil and gas fields from untapped reserves is also driving growth of the market in this region. Along with this, the drilling industry is witnessing massive investments and technological developments. This in turn is anticipated to propel growth of the global drilling fluids market in North America over the forecast period.

Furthermore, Middle East and Africa is expected to account for major share in the global drilling fluids market during the forecast period. Due to the high energy self-sufficiency ration of the region in the world along with rising number of production and exploration companies, the market is likely to gain substantial growth in this region. Moreover, with increasing rate of deepwater and ultra-deepwater explorations, specifically in the Persian Gulf and the Red Sea, are driving the demand for drilling fluid. As a result, the market is expected to gain major growth in the region.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America 
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa