Drilling Chemicals Market Intelligence

best-value

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

 No Additional Benefits

Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Drilling Chemicals category?

Are you looking for answers on Drilling Chemicals category?

  • What are the key trends in Drilling Chemicals category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Drilling Chemicals industry?
  • How is Drilling Chemicals industry performing?

Over 50,000+ users trust Beroe

Report Coverage

  • Global Market Outlook
  • Market Analysis
  • Market Drivers and Constraints
  • Sustainability

Table of Contents

  1. Executive Summary
  2. Category Landscape
  3. Global Market Outlook
  4. COVID-19 Impact on Directional Drilling Market
  1. Market Analysis
  2. Global Market Overview for Directional Drilling
  3. Classification of Directional Drilling Regional Market Outlook: North America
  4. Market Drivers and Constraints
  5. Porter’s Five Forces Analysis: Global
  6. Innovation
  7. Sustainability
  1. Cost Analysis and Breakup
  2. Cost Analysis
  3. Price Breakup
  1. Engagement and Contract Practices
  2. Types of Engagement
  3. Contract Practices
  1. Supply Analysis
  2. Supply Market Outlook

Want a more detailed personalised report?

Drilling Chemicals Global Market Outlook:

MARKET OVERVIEW

Global market size:
About $6.91 billion (2020 E)
Expected to grow at a CAGR of about 7.1 percent to $8.49 billion by 2023.

MAJOR MARKET DRIVERS
• Rise in drilling activities
• Increase in CAPEX spending on offshore activities

Porter's Analysis on Drilling Chemicals

Supplier Power

  • Drilling fluids are mandatory requirement during drilling operation. However, there are many regional and global providers present in the market, except for proprietary products
  • Supply chain management skills are critical in handling bulk orders
  • Some of the oilfield service companies are struggling to change onerous contracts signed with E&P companies
  • Therefore, the supplier power is lower to medium for drilling fluids

Barriers to New Entrants

  • Drilling fluids are commodity based and can be easily manufactured with right technology. Capex requirement for drilling fluids manufacturing is low. However, suppliers requires oil & gas expertise for entering into the business
  • The market is highly competitive with many players, acquiring a steady contract would be a challenge for new entrants
  • Therefore, the barriers to new entrants are low to medium

Intensity of Rivalry

  • The market is fragmented with many global and regional suppliers
  • Technology is available to many suppliers. The supplier market is mostly driven by wider service capability, economy of scale, and cost effectiveness of the services
  • Low switching cost. Easy to switch among suppliers with a little product differentiation. The intensity of rivalry is higher

Threat of Substitutes

  • There is no substitute available for drilling fluids. However, internal substitution, such as using of water-based fluids in place of oil- based fluids exists

Buyer Power

  • Buyers can negotiate the drilling fluids for lower prices, since there are many service providers around the globe
  • Drilling fluids are commodity products, which are widely available
  • Buyers spend in drilling fluids is crucial, a good quality product may provide huge cost savings
  • The buyer power for drilling fluids is termed to be higher

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

feature

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)