Middle East and Africa Drilling Fluids Market Size, Share, Growth, Trends and Industry Analysis: By Type, By Application, and Country Forecast 2020-2031
Middle East And Africa Drilling Fluids Market size was valued at US$ 2.05 billion in 2024 and is expected to reach US$ 2.79 billion by 2031, growing at a significant CAGR of 4.5% from 2025-2031. The market report gives comprehensive outlook on drilling fluids market across the regions with special emphasis on key countries of Middle East and Africa such as Gulf Cooperation of Council Countries, South Africa and rest of Middle East and Africa. The report on the market gives historical, current, and future market sizes (US$ Mn) on the basis of type, by application type, and countries. This report studies the market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, the market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the countries and market unmet needs (Product Opportunities). Key stakeholders of the the market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in the market activities.
Development and launch of innovative drilling fluids by the market players enables surge in the drilling fluids market demand over the forecast years. For instance. In 2018, Baker Hughes Incorporated (U.S.) launched the new drilling fluids which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of drilling fluids market over the forecast years.
Middle East and Africa drilling fluids market report analyses the market in different countries of Middle East and Africa. Gulf Cooperation of Council Countries accounted for major revenue share in the market due to increased production of gas and oil.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 2.05 billion |
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Market Size in 2031 |
US$ 2.79 billion |
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By Type |
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By Application |
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By Country |
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The Middle East And Africa drilling fluids market size was valued at US$ 2.05 billion in 2024 and is projected to grow at a CAGR of 4.5% from 2025-2031.
The market coverage are the Saudi Arabia, United Arab Emirates, South Africa
The market key players are the Schlumberger Limited, Halliburton Inc., Baker Hughes Incorporated, Newpark Resources Inc., National Oilwell Varco., Scomi Group Bhd, TETRA Technologies, Inc., Canadian Energy Services & Technology Corp., GEO Drilling Fluids, Inc., Anchor Drilling Fluids USA, Inc.
| 1.Executive Summary |
| 2.Middle East And Africa Drilling Fluids Market Introduction |
| 2.1.Middle East And Africa Drilling Fluids Market - Taxonomy |
| 2.2.Middle East And Africa Drilling Fluids Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Country |
| 2.2.4.Country |
| 3.Middle East And Africa Drilling Fluids Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Middle East And Africa Drilling Fluids Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Middle East And Africa Drilling Fluids Market By Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Water Based |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Oil Based |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Synthetic Based |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Middle East And Africa Drilling Fluids Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Onshore |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offshore |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Middle East And Africa Drilling Fluids Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Middle East and Africa |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. South Africa |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Gulf Corporation Council Countries (GCC) |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Rest of Middle East and Africa |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Middle East And Africa Drilling Fluids Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. GCC Countries |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. South Africa |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Rest of MEA |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.GCC Countries Drilling Fluids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water Based |
| 9.1.2.Oil Based |
| 9.1.3.Synthetic Based |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Onshore |
| 9.2.2.Offshore |
| 9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Middle East and Africa |
| 9.3.2.South Africa |
| 9.3.3.Gulf Corporation Council Countries (GCC) |
| 9.3.4.Rest of Middle East and Africa |
| 10.South Africa Drilling Fluids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Water Based |
| 10.1.2.Oil Based |
| 10.1.3.Synthetic Based |
| 10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Onshore |
| 10.2.2.Offshore |
| 10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Middle East and Africa |
| 10.3.2.South Africa |
| 10.3.3.Gulf Corporation Council Countries (GCC) |
| 10.3.4.Rest of Middle East and Africa |
| 11.Rest of MEA Drilling Fluids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Water Based |
| 11.1.2.Oil Based |
| 11.1.3.Synthetic Based |
| 11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Onshore |
| 11.2.2.Offshore |
| 11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Middle East and Africa |
| 11.3.2.South Africa |
| 11.3.3.Gulf Corporation Council Countries (GCC) |
| 11.3.4.Rest of Middle East and Africa |
| 12. Competition Landscape |
| 12.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 12.2.1.Schlumberger Limited |
| 12.2.2.Halliburton Inc. |
| 12.2.3.Baker Hughes Incorporated |
| 12.2.4.Newpark Resources Inc. |
| 12.2.5.National Oilwell Varco. |
| 12.2.6.Scomi Group Bhd |
| 12.2.7.TETRA Technologies, Inc. |
| 12.2.8.Canadian Energy Services & Technology Corp. |
| 12.2.9.GEO Drilling Fluids, Inc. |
| 12.2.10.Anchor Drilling Fluids USA, Inc. |
| 13. Research Methodology |
| 14. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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