Growing demand for Crude Oil and Gas in industrial sectors is expected to drive the oil & gas production in the US Region

The U.S. Onshore Drilling Fluids Market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period.

eagle-ford-onshore-drilling-fluids-market

OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.

Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.

Browse Full Research Report on U.S. Onshore Drilling Fluids Market: http://www.grandviewresearch.com/industry-analysis/us-onshore-drilling-fluids-market

Further key findings from the report suggest:

  • The water-based segment of U.S. onshore drilling mudsindustry was valued over USD 530million in 2016on account of growing concern towards toxicity and biodegradation of oil-based fluids
  • Weighting agents dominated the U.S. OBF additives demand and accounted for over 57% of the total revenuein 2016
  • Surfactants, emulsifiers, & wetting agentsegment emerged as the fastest growing segment in synthetic mud additivesmarket with a CAGR of 4.8% from 2017 to 2025
  • Viscosifiersdemand for the Permianwater-based drilling mudadditives was valued over USD 7 million in 2016 and is anticipated to witness moderate growth over the next few years
  • Eagle Fordemerged as the largest onshore market in 2016, accounting for 38.3% of the total revenue share in 2016
  • The WBF segment in Niobrara basinis projected to witness fastest growth over the forecast period and estimated to reach USD 43.8 million by 2025
  • Key players such asSchlumberger, Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market over the past few years

Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the U.S. onshore drilling fluidsmarket on the basis of product, and region:

U.S. Onshore Drilling Fluids Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Oil-Based (OBF)
  • Water-Based (WBF)
  • Synthetic-Based (SBF)
  • Others

U.S. Onshore Drilling Fluids Product Outlook (Revenue, USD Million, 2014 – 2025)

  • OBF Additives
    • Protective chemicals
    • Viscosifiers
    • Fluid Loss Control Additives
    • Dispersants
    • Wetting Agents
    • Weighting Agents
    • Lost circulation materials
    • Thinners
    • Others
  • SBF Additives
    • Rheology Modifiers
    • Viscosifiers
    • Fluid Loss Control Additives
    • Protective chemicals
    • Surfactants
    • Thinners
    • Wetting Agents
    • Others
  • WBF Additives
    • Weighting Agents
    • Protective chemicals
    • Alkalinity & pH Control Materials
    • Viscosifiers
    • Fluid Loss Control Additives
    • Shale Stabilizers
    • Thinners
    • Lost Circulation Materials
    • Surfactants
    • Defoamers
    • Others

 U.S. Onshore Drilling Fluids Basin Outlook (Revenue, USD Million, 2014 – 2025)

  • Permian
  • Eagle Ford
  • Niobrara
  • Bakken
  • Utica
  • Marcellus
  • Others

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/us-onshore-drilling-fluids-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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Bentonite Market is anticipated to see growth at a CAGR of 4.8% Over The Forecast Period Because Of Its Increasing Use In Oil Well Cement

The global Bentonite Market size is expected to reach USD 1.93 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use as anti-scalants in applications such as foundry sands and water treatment will augment market growth over the next eight years.

us-market.png

The increasing use of bentonite in iron ore pelletizing, pet litter, drilling mud, civil engineering and refining applications will fuel the product demand. Rising application scope of bentonite as a bonding agent in non-ferrous and ferrous foundries is expected to propel product growth over the forecast period.

Sodium bentonite is employed as a key constituent of drilling fluids for boring holes of small diameter in environmental monitoring wells, and mineral exploration. Furthermore, it is used in horizontal directional drilling as lubricants to place pipelines and utility cables under highways, streets, buildings & environmentally sensitive areas without disruptive surface trenching. The growth of aforementioned application segments is expected to fuel product demand over the forecast period.

Bentonite possesses properties like water absorption which makes it an excellent sealant for environmental applications. Bentonite products are also used in boring tunnels, subways & highways and pipelines installation to transport sewage, storm water & drinking water. This is expected to fuel product need over the next eight years.

Browse Full Research Report on Bentonite Market: http://www.grandviewresearch.com/industry-analysis/bentonite-market

Further key findings from the report suggest:

  • Calcium bentonite is expected to witness the fastest growth at a CAGR of 4.7% from 2016 to 2024 as a result of its ability to absorb a large amount of water and form thixotropic and viscous suspensions.
  • Foundry sands as an application for bentonite will witness the fastest growth in terms of volume at a CAGR of 4.5% from 2016 to 2024 owing to its superior bonding properties.
  • Latin America market is expected to witness significant growth and was estimated at over USD 110 million in 2015 on account of rising infrastructure development and increasing exploration activities.
  • Key participants include AMCOL International Corp., Wyo-Ben Inc., MidPoint Chemicals Company, LLC, Hindustan M-I Swaco Limited, Charles B. Chrystal Co. Inc., Cimbar Performance Minerals Inc., Amsyn Inc., Kutch Mineral, Clariant AG, Minerals Technologies Inc., Bentonite Performance Minerals LLC. and Pacific Bentonite Ltd
  • Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.

Read Our Blog by Grand View Research: http://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the global bentonite market on the basis of product, application and region:

Product type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Sodium
  • Calcium
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Foundry sands
  • Iron ore pelletizing
  • Cat litter
  • Drilling mud
  • Civil Engineering
  • Refining
  • Others

Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 – 2024)

  • North America
    • US.
  • Europe
    • Germany
    • Russia
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • MEA
    • UAE

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-bentonite-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Growing Need for Energy Is Expected To Be Major Driving Factor of Well Intervention Market through Forecast Period

The global Well Intervention Market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy.

Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals.

us-well-intervention-market.png

Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016.

Offshore is expected to be the fastest growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025.

Browse Full Research Report on Well Intervention Market: http://www.grandviewresearch.com/industry-analysis/well-intervention-market

Further key findings from the report suggest:

  • The global well intervention demand was USD 12.45 billion in 2016 and is expected to grow at a CAGR of 4.2% from 2017 to 2025
  • Logging and bottom hole survey emerged as the largest service segment in 2016 and is estimated to generate revenue over USD 3.95 billion by 2025
  • Stimulation is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.1%
  • The well intervention demand in onshore application was USD 8.15 billion in 2016 and is anticipated to witness steady growth over the next eight years
  • The U.S. offshore well intervention market in applications category was worth USD 2.28 billion and is estimated to reach USD 3.5 billion by 2025
  • The Middle East & Africa region is anticipated to witness high growth at a CAGR of 5.7% by 2025. Recent developments in offshore activities such as increasing oil production in various countries including Qatar and Iran is expected to drive E&P market over the next eight years
  • Key players of the industry include Baker Hughes, Archer Limited, Halliburton, Weatherford International, and Schlumberger. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share

Read Our  Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the global well intervention market on the basis of service, application, and region:

Well Intervention Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Logging & Bottom Hole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Remedial Cementing
  • Zonal Isolation
  • Sand Control Services
  • Artificial Lift
  • Fishing
  • Re-Perforation
  • Others

Well Intervention Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Onshore
  • Offshore

Well Intervention Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
  • Asia Pacific
    • China
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • Algeria
    • South Africa

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-well-intervention-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Well Intervention Market Is To Be Driven On Account Of Increased Application Scope In Oil and Gas Industry Till 2025: Grand View Research, Inc.

The global Well Intervention Market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy.

Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals.

Well Intervention Market.png

Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016.

Offshore is expected to be the fastest growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025.

To Request for Sample Copy of this report:
http://www.grandviewresearch.com/industry-analysis/well-intervention-market

Further key findings from the report suggest:

  • The global well intervention demand was USD 12.45 billion in 2016 and is expected to grow at a CAGR of 4.2% from 2017 to 2025
  • Logging and bottom hole survey emerged as the largest service segment in 2016 and is estimated to generate revenue over USD 3.95 billion by 2025
  • Stimulation is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.1%
  • The well intervention demand in onshore application was USD 8.15 billion in 2016 and is anticipated to witness steady growth over the next eight years
  • The U.S. offshore well intervention market in applications category was worth USD 2.28 billion and is estimated to reach USD 3.5 billion by 2025
  • The Middle East & Africa region is anticipated to witness high growth at a CAGR of 5.7% by 2025. Recent developments in offshore activities such as increasing oil production in various countries including Qatar and Iran is expected to drive E&P market over the next eight years
  • Key players of the industry include Baker Hughes, Archer Limited, Halliburton, Weatherford International, and Schlumberger. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share

Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the global well intervention market on the basis of service, application, and region:

Well Intervention Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Logging & Bottom Hole Survey
  • Tubing/Packer Failure & Repair
  • Stimulation
  • Remedial Cementing
  • Zonal Isolation
  • Sand Control Services
  • Artificial Lift
  • Fishing
  • Re-Perforation
  • Others

Well Intervention Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Onshore
  • Offshore

Well Intervention Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
  • Asia Pacific
    • China
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • Algeria
    • South Africa

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-well-intervention-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Rising Number of projects for Infrastructure Development in Asia Pacific is expected to drive the demand for Explosives and Pyrotechnics Market

The global explosives market is expected to reach USD 31.95 billion by 2024, according to a new report by Grand View Research, Inc. The global explosives and pyrotechnics market is expected to grow significantly over the forecast period on account of increasing use of the product in construction and mining activities.

Rising number of projects for infrastructure development in Asia Pacific is expected to drive the demand for explosives as a blasting agent. Increasing government spending for infrastructure development in Asia Pacific and the Middle East on account of increasing domestic output is expected to play a significant role in amplifying construction activities in these regions.

global-explosives-market

In 2013, Asia Pacific contributed to approximately 44% of the total global construction spending, an increase of 4% from the previous year. Also, the development of new construction and building projects in Asia is likely to boost market growth. The demand for explosives in the region is expected to be 14.93 million tons by 2024.

To Request for Sample Copy of this report:
http://www.grandviewresearch.com/industry-analysis/explosives-pyrotechnics-market

Further key findings from the report suggest:

  • Positive outlook towards the mining sector in Chile, and Peru, and owing to government policies to open opportunities for investments by foreign players, to improve the economic conditions, is expected to drive the demand for explosives subsequently. The segment is projected to witness volume growth at a CAGR of 4.9% over the forecast period.
  • Coal mining was the largest application within the mining sector accounting for 49.8% of the volume in 2015. However, the outlook towards coal is likely to be bleak over the forecast period on account of increasing shifting trends of consumers towards alternative sources of energy including natural gas and renewable energy. However, metal mining is expected to witness tremendous growth on account of rising demand for metals including rare earth elements.
  • Consumer pyrotechnics accounted for 36.2% of the global volume in 2015 and is expected to grow on account of increasing demand for recreational fireworks, model rocket motors, and powder-actuated nail guns.
  • Key market players include Orica Mining Services, ENAEX, Maxam Corp., Sasol Limited, Austin Powder Company, AEL Mining Services, Chemring Group, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, Titanobel SAS, Hanwha Corp., Solar Industries India, and LSB Industries.
  • Companies are focusing on product innovation to cater to the growing demand for safe & effective explosives. For instance, in September 2016, Orica launched a new product, Vistis Bulk System, catering to the growing consumer demand in Australia.

Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the global explosives & pyrotechnics market on the basis of product, application and region:

Global Explosives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

  • Blasting agents
  • Propellants
  • Pyrotechnics
  • Others

Global Explosives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

  • Mining
  • Construction
  • Military
  • Others

Global Pyrotechnics Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

  • Proximate pyrotechnics
  • Consumer pyrotechnics
  • Display pyrotechnics
  • Others

Global Explosives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2013 – 2024)

  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-explosives-pyrotechnics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Coiled Tubing Market to Showcase a Significant Growth in the Near Future

The global Coiled Tubing (CT) market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand.

china-coiled-tubing-market.png

Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids is estimated to back up the industry growth. However, public concerns and several bans concerning harmful impacts of the technology mainly in countries such as South Africa, France, Tunisia, Romania, and Bulgaria are anticipated to remain key challenges for the industry players over the next few years.

Well intervention is a major service provided by CT technology. the service is carried out in to extend the life of a producing well by improving its performance. Some of the well intervention service includes well completion, well cleaning, and wireline. Sand clean out is the most common well intervention application. It is a complex process and requires pumping a fluid or gasses into the well.

To See All the Details About Report: http://www.grandviewresearch.com/industry-analysis/coiled-tubing-ct-market

Further key findings from the report suggest:

  • The global coiled tubing market was worth USD 3.25 billion in 2015. The market is expected to grow at a CAGR of 5.1% from 2017 to 2025
  • Pumping was the major operation segment in the year 2016 and is expected to grow at a CAGR of 3.9% from 2017 to 2025
  • Circulation operational segment is expected to be the fastest-growing segment over the forecast period
  • Offshore segment is expected to be the fastest growing segment, owing to newly discovered oil wells in the deep waters
  • North America was the largest market in 2015. It is expected to gain share on account of increasing E&P activities, particularly in the deep sea.
  • Asia Pacific market is expected to grow at a CAGR of 5.8% from 2017 to 2025, owing to favorable government regulations and rising foreign investment in the region
  • Market is moderately consolidated and experiences the presence of giant and large companies across the value chain
  • Schlumberger, Baker Hughes, Halliburton, Weatherford International Inc, Archer Limited, Calfrac Well Services Ltd, Cudd Energy Services, Superior Energy Services Inc., Trican Well Service Ltd., and C&J Energy Services, Inc. are the prime companies operating in the market.

Read Our Blog: http://www.grandviewresearch.com/blog/coiled-tubing-market-size-share

Grand View Research has segmented the global coiled tubing market on the basis of Service, operation, application and region:

Coiled Tubing Services Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Well Intervention
    • Well Completion
    • Well Cleaning
    • Others
  • Drilling
  • Others

Coiled Tubing Operation Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Circulation/Deliquification
  • Pumping
  • Logging
  • Perforation
  • Others

Coiled Tubing Application Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Onshore
  • Offshore

Coiled Tubing Regional Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
    • Poland
  • Asia Pacific
    • China
    • Australia
  • Central & South America
    • Argentina
    • Brazil
  • Middle East & Africa
    • South Africa
    • UAE
    • Algeria

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-coiled-tubing-ct-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

MPD Services Market Report Covers in-depth Industry Analysis, Key Regions & Global Forecast during projected period

The global Managed Pressure Drilling (MPD) Services Market is expected to reach USD 5.06 billion by 2024, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth.

MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future.

Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology.

To Request a Sample Copy of this Report http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market

Further key findings from the report suggest:

  • Onshore oilfields were the leading application segment and accounted for over 58% of the total industry revenue in 2015. Offshore operations are expected to witness the highest growth of 4.0% over the forecast period.
  • The U.S. offshore MPD services industry is estimated to witness the fastest growth over the next eight years to reach a net worth of USD 585 million by 2024. Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.
  • North America dominated the global demand accounting for 37.3% of total market revenue in 2015. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
  • Africa is estimated to grow at a CAGR of 4.9% from 2016 to 2024 on account of increasing offshore activities in regions of Angola, and Mozambique. Algeria MDP services industry is estimated to reach a net worth of USD 110 million by 2024, at a CAGR of 5.4%.
  • Key market players include operating in the global managed pressure drilling services market include Archer Well services, Baker Hughes, Halliburton, Weatherford International, Schlumberger Limited.

View All Reports of Same Category by Grand View Research http://www.grandviewresearch.com/industry/conventional-energy

Grand View Research has segmented the global managed pressure drilling (MPD) services market on the basis of technology and application,

Global Managed Pressure Drilling (MPD) Services Technology Outlook (Revenue, USD Million, 2014 – 2024)

  • Mud cap drilling (MCD)
  • Constant bore hole pressure (CBHP)
  • Dual gradient drilling (DGD)
  • Reverse flow control drilling (RFCD)

Global Managed Pressure Drilling (MPD) Services Application Outlook (Revenue, USD Million, 2014 – 2024)

  • Offshore
  • Onshore

Global Managed Pressure Drilling (MPD) Services Regional Outlook (Revenue, USD Million, 2014- 2024)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Norway
  • UK
  • Russia
  • Asia Pacific
  • China
  • Australia
  • India
  • Central & South America
  • Argentina
  • Brazil
  • Middle East
  • Saudi Arabia
  • UAE
  • Kuwait
  • Africa
  • Nigeria
  • Angola
  • Algeria

Browse Press Release of this Report http://www.grandviewresearch.com/press-release/global-managed-pressure-drilling-mpd-services-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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