The global water-based drilling & completion fluids market report defines and segments the concerned market with analysis and forecast of revenue. The market is estimated to grow from $6,394.7 million in 2013 to $9,311.6 million by 2018, at a CAGR of 7.8% from 2013 to 2018.
Browse through the TOC of the global water-based drilling & completion fluids market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.

Water-based drilling fluids have fresh water, salt water or salt brine as the base fluid mixed with clay emulsions, natural suspensions, and hydro gels. Water-based drilling fluids are the most widely used systems, and are considered less expensive than oil-based fluids or synthetic-based fluids. Water-based drilling fluids can deliver cost-effective performance with minimal environmental impact.

Continuous rise in deep water drilling activities and increased oil production, along with technological developments are driving the market. Technological developments have enabled the exploration activities to be carried out for unconventional resources, such as shale gas and coal bed methane. These explorations require sophisticated technologies, such as multistage hydraulic fracturing of horizontal wells. These activities are carried out with the use of various formulated drilling fluids which are required to maintain the stability of wellbore, pump pressure, and avoid friction & corrosion. Water-based drilling fluids are one of the most widely used drilling fluids because of their technical properties, such as higher heat capacity, better flow rate, and low viscosity.

The economic advantage of using water-based drilling fluid is significant, as they are easily and extensively available throughout the globe. The water-based drilling fluid reduces the environmental threats, and it is less expensive vis-a-vis oil-based and synthetic-based drilling fluids. However, since water-based drilling fluid is highly corrosive, corrosion inhibitors must be added to the fluid. Besides, oil tapping is also affected to a certain extent due to the use of water-based fluids.

The market is segmented and forecast on the basis of geography, which includes North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.

This report includes market share and value chain analyses, along with the market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

Browse through the market data tables, figures and detailed ToC on the “North America Drilling Fluid & Completion Fluid Market”.
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