North America Drilling Fluids Market Size, Share, Growth, Trends and Industry Analysis: By Type, By Application, and Country Forecast 2020-2031
North America Drilling Fluids Market size was valued at US$ 2190.7 million in 2024 and is expected to reach US$ 2941.6 million by 2031, growing at a significant CAGR of 4.3% from 2025-2031. Market for North America drilling fluids projected to reach US$ XX Mn by 2028 due to increased application of drilling fluids in industry. In addition, North America market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed North America market to better equip clients with possible investment opportunities across the countries and market unmet needs (Product Opportunities). Key stakeholders of the North America market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in North America 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. Based on type, the North America drilling fluids market is segmented into water based, oil based and synthetic based. Water based segment is expected to dominate the market due to its low cost price, eco-friendly properties, and requires less chemical treatment.
North America drilling fluids market report analyses the market in different countries of North America. U.S accounted for major revenue share in North America drilling fluids due to improvement in technologies of drilling. The market is consolidating as large players complementing each others businesses by means of collaborations and acquisitions. For instance, in 2013, Newpark Mats and Integrated Services gained a stronger foothold in the UK and Europe with the acquisition of Terrafirma Roadways, a provider of temporary roadway and worksite solutions to utility, construction, and event customers. Located in Oxfordshire, England, Terrafirma had been a strategic partner with Newpark and the exclusive UK Distributor of Newpark’s DURA-BASE® Advanced-Composite Mat System.
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$ 2190.7 million |
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Market Size in 2031 |
US$ 2941.6 million |
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By Type |
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By Application |
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By Region |
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North America drilling fluids market size was valued at US$ 2190.7 million in 2024 and is projected to grow at a significant CAGR of 4.3% from 2025-2031.
The market coverage are the United States, Canada
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.North America Drilling Fluids Market Size, Forecast to 2030 Introduction |
| 2.1.North America Drilling Fluids Market Size, Forecast to 2030 - Taxonomy |
| 2.2.North America Drilling Fluids Market Size, Forecast to 2030 - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Country |
| 3.North America Drilling Fluids Market Size, Forecast to 2030 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.North America Drilling Fluids Market Size, Forecast to 2030 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.North America Drilling Fluids Market Size, Forecast to 2030 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.North America Drilling Fluids Market Size, Forecast to 2030 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.North America Drilling Fluids Market Size, Forecast to 2030 By Geography, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. US |
| 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. Canada |
| 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 |
| 8.North America Drilling Fluids Market Size, Forecast to 2030 By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. United States of America (USA) |
| 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. Canada |
| 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 |
| 9.United States of America (USA) Drilling Fluids Market Size, Forecast to 2030 ,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. Geography Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.US |
| 9.3.2.Canada |
| 10.Canada North America Market Size, Forecast to 2030 ,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. Geography Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.US |
| 10.3.2.Canada |
| 11. Competition Landscape |
| 11.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 11.2.1.Schlumberger Limited |
| 11.2.2.Halliburton Inc. |
| 11.2.3.Baker Hughes Incorporated |
| 11.2.4.Newpark Resources Inc. |
| 11.2.5.National Oilwell Varco. |
| 11.2.6.Scomi Group Bhd |
| 11.2.7.TETRA Technologies, Inc. |
| 11.2.8.Canadian Energy Services & Technology Corp. |
| 11.2.9.GEO Drilling Fluids, Inc. |
| 11.2.10.Anchor Drilling Fluids USA, Inc. |
| 12. Research Methodology |
| 13. 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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