Drilling Chemicals Market Report – Forecast, Outlook, Key Suppliers

Drilling Chemicals Market Intelligence

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What are the key trends in Drilling Chemicals category?
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What are the major challenges and risks in Drilling Chemicals industry?
How is Drilling Chemicals industry performing?

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Drilling Chemicals Category Intelligence

Report Coverage

Global Market Outlook
Market Analysis
Market Drivers and Constraints
Sustainability

Drilling Chemicals Market Trends

Category Intelligence on Drilling Chemicals covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Executive Summary
Category Landscape
Global Market Outlook
COVID-19 Impact on Directional Drilling Market

Market Analysis
Global Market Overview for Directional Drilling
Classification of Directional Drilling Regional Market Outlook: North America
Market Drivers and Constraints
Porter’s Five Forces Analysis: Global
Innovation
Sustainability

Cost Analysis and Breakup
Cost Analysis
Price Breakup

Engagement and Contract Practices
Types of Engagement
Contract Practices

Supply Analysis
Supply Market Outlook

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Industry Outlook & Drivers

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

Drilling Chemicals Market Intelligence

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With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

Are you looking for answers on Drilling Chemicals category?

Are you looking for answers on Drilling Chemicals category?

Over 50,000+ users trust Beroe

Drilling Chemicals Category Intelligence

Report Coverage

Drilling Chemicals Market Trends

Table of Contents

Want a more detailed personalised report?

Industry Outlook & Drivers

Drilling Chemicals Global Market Outlook:

Porter's Analysis on Drilling Chemicals

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Offerings

Beroe

Others

Drilling Chemicals Market Intelligence

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

Subscription Benefits:

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

Are you looking for answers on Drilling Chemicals category?

Are you looking for answers on Drilling Chemicals category?

Over 50,000+ users trust Beroe

Drilling Chemicals Category Intelligence

Report Coverage

Drilling Chemicals Market Trends

Table of Contents

Want a more detailed personalised report?

Industry Outlook & Drivers

Drilling Chemicals Global Market Outlook:

Porter's Analysis on Drilling Chemicals

Top Suppliers

Related Categories

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai

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