Drilling Fluids & Chemicals Market in the US - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Study #: 3515 | Published: 05/2017 | Pages: 108 | Individual User License: US$ 4,900

US demand for drilling fluids and chemicals will rise 11% per year through 2021. Unconventional drilling will grow more rapidly than conventional drilling, and the portion of conventional wells drilled will shrink further. Due to high oil drilling prices, formations such as the Bakken and Eagle will fall from favor to investors, while plays in Oklahoma and the Permian Basin will grow. Increasingly, technological advancements will allow water-based fluids to bu used in challenging drilling conditions where synthetic- or oil-based fluids have historically been used.

This study analyzes the US market for drilling fluids and drilling fluid additives. Demand for drilling fluids is examined by product type and location in gallons, with selected data provided in US dollars at the end user’s level. Demand for drilling fluid additives is examined by product type and location in US dollars at the end user’s level, with selected data provided in pounds.

Historical data for 2006, 2011, and 2016 and forecasts for 2021 are presented, with value figures presented in current dollars (which are not adjusted to account for inflation).

Drilling fluids can be segmented into three major product segments:

  • water-based drilling fluids
  • oil-based drilling fluids
  • synthetic-based drilling fluids

Drilling fluid additive products include:

  • barite
  • polymer viscosifiers
  • lost circulation materials
  • bentonite
  • shale inhibitors
  • other additives, including lubricants, fluid loss control agents, and others

Polymer viscosifier products include:

  • xanthan gum
  • guar gum
  • polyacrylamide
  • other natural and synthetic polymer viscosifiers

Shale inhibitor products include:

  • potassium chloride
  • choline chloride
  • other shale inhibitors

Location segments for drilling fluids and drilling fluid additives include:

  • Texas
  • Oklahoma
  • Ohio & Pennsylvania
  • Colorado
  • Gulf of Mexico
  • North Dakota
  • Louisiana
  • New Mexico
  • All other US states

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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Market Volatility

Drilling Fluids

Drilling Fluid Additives

Drilling Fluid Costs

Additive Pricing Trends

Oil & Gas Drilling Outlook

Trends in Drilling Technology

Environmental & Regulatory Considerations

DRILLING FLUIDS

Key Findings

Drilling Fluids Demand

Drilling Fluid Demand Overview

Fluid Use Per Well

Regional Demand Trends

Demand by Formulation Type

Water-Based Drilling Fluids

Demand Forecast

Advantages & Disadvantages

High Performance Water-Based Muds

Clear Brine Drilling Fluids

Oil-Based Drilling Fluids

Demand Forecast

Advantages & Disadvantages

Synthetic-Based Drilling Fluids

Demand Forecast

Advantages & Disadvantages

Use in Offshore Drilling

DRILLING CHEMICALS

Key Findings

Drilling Chemicals Demand

Barite

Demand Forecast

Suppliers

Polymer Viscosifiers

Demand Forecast

Xanthan Gum

Polyacrylamide

Guar Gum

Other Polymers

Lost Circulation Materials

Bentonite

Shale Inhibitors

Choline Chloride

Potassium Chloride

Other Shale Inhibitors

Other Drilling Fluid Additives

DEMAND BY LOCATION

Key Findings

Drilling Activity by Location

Drilling Fluid & Chemical Demand by Location

Texas

Oklahoma

Ohio & Pennsylvania

Colorado

North Dakota

Gulf of Mexico

Louisiana

New Mexico

Other Locations

INDUSTRY STRUCTURE

Key Findings

Industry Composition

Drilling Fluids Market Share

Drilling Chemicals Manufacturing

Competitive Strategies

Drilling Chemical Manufacturers

Oilfield Service Companies

Industry Restructuring

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions


List of Tables

OVERVIEW

Table 2-1 | Selected Drilling Fluid Additives Pricing, 2006 - 2021 (dollars per pound)

Table 2-2 | Oil & Gas Drilling Indicators, 2006 - 2021

DRILLING FLUIDS

Table 3-1 | Drilling Fluids: Demand & Wells Drilled, 2006 - 2021

Table 3-2 | Drilling Fluids: Demand by Region, 2006 - 2021 (million gallons)

Table 3-3 | Drilling Fluids: Demand by Fluid Type, 2006 - 2021 (million gallons)

Table 3-4 | Water-Based Drilling Fluids: Demand by Location, 2006 - 2021 (million gallons)

Table 3-5 | Water-Based Drilling Fluids: Advantages & Disadvantages

Table 3-6 | Oil-Based Drilling Fluids: Demand by Location, 2006 - 2021 (million gallons)

Table 3-7 | Oil-Based Drilling Fluids: Advantages & Disadvantages

Table 3-8 | Synthetic-Based Drilling Fluids: Demand by Location, 2006 - 2021 (million gallons)

DRILLING CHEMICALS

Table 4-1 | Drilling Fluid Additives: Demand by Product, 2006 - 2021 (million dollars)

Table 4-2 | Barite: Demand in Drilling Fluids by Location, 2006 - 2021 (million dollars)

Table 4-3 | Polymer Viscosifiers: Demand in Drilling Fluids by Location, 2006 - 2021 (million dollars)

Table 4-4 | Xanthan Gum: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-5 | Polyacrylamide Viscosifier: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-6 | Guar Gum: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-7 | Other Polymer Viscosifiers: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-8 | Lost Circulation Materials: Demand in Drilling Fluids by Location, 2006 - 2021 (million dollars)

Table 4-9 | Bentonite: Demand in Drilling Fluids by Location, 2006 - 2021 (million dollars)

Table 4-10 | Shale Inhibitors: Demand in Drilling Fluids by Location, 2006 - 2021 (million dollars)

Table 4-11 | Choline Chloride: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-12 | Potassium Chloride: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-13 | Other Shale Inhibitors: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Table 4-14 | Other Additives: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

DEMAND BY LOCATION

Table 5-1 | Texas: Comparision of Unconventional Plays & Conventional Drilling

Table 5-2 | Texas: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-3 | Oklahoma: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-4 | Ohio & Pennsylvania: Demand for Drilling Fluids & Chemicals, 2006 - 202 (million gallons & million dollars)

Table 5-5 | Colorado: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-6 | North Dakota: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-7 | Gulf of Mexico: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-8 | Louisiana: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-9 | New Mexico: Demand for Drilling Fluids & Chemicals, 2006 - 2021 (million gallons & million dollars)

Table 5-10 | Comparison of Secondary Markets for Drilling Fluids & Chemicals

Table 5-11 | Other Locations: Demand for Drilling Fluids & Chemicals, 2006 - 202 (million gallons & million dollars)

INDUSTRY STRUCTURE

Table 6-1 | Overview of Supply Chain & Selected Industry Participants (mil $)

Table 6-2 | Drilling Chemical Manufacturers

Table 6-3 | Selected Acquisitions & Divestitures

APPENDIX

Table 7-1 | Abbreviations Used in Study

Table 7-2 | Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)


List of Charts

EXECUTIVE SUMMARY

Figure 1-1 | Key Trends in the US Market for Drilling Fluids & Chemicals

OVERVIEW

Figure 2-1 | Key Trends in the Drilling Fluids & Chemicals Market

Figure 2-2 | Drilling Fluids: Demand & Wells Drilled, 2006 - 2016

Figure 2-3 | Drilling Fluid Additives: Demand & Wells Drilled, 2006 - 2016

Figure 2-4 | Average Drilling Fluid Cost, 2006 - 2021 (dollars per gallon)

DRILLING FLUIDS

Figure 3-1 | Key Trends in the US Drilling Fluids Market

Figure 3-2 | Drilling Fluids: Demand & Wells Drilled, 2006 - 2021

Figure 3-3 | Average Drilling Fluids Demand per Well, 2006 - 2021 (000 gallons/well)

Figure 3-4 | Annual Growth Rates for Drilling Fluids Volume Demand by Fluid Type, 2006 - 2016

Figure 3-5 | Water-Based Drilling Fluids: Demand & Drilling Activity, 2006 - 2021 (million gallons)

Figure 3-6 | Oil-Based Drilling Fluids: Demand & Drilling Activity, 2006 - 2021 (million gallons)

Figure 3-7 | Synthetic-Based Drilling Fluids: Demand & Drilling Activity, 2006 - 2021

DRILLING CHEMICALS

Figure 4-1 | Key Trends in US Drilling Fluid Additives Market

Figure 4-2 | Drilling Fluid Additives: Demand by Product, 2006 - 2021 (million dollars)

Figure 4-3 | Barite: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Figure 4-4 | Polymer Viscosifier: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Figure 4-5 | Lost Circulation Material: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Figure 4-6 | Bentonite: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

Figure 4-7 | Shale Inhibitors: Demand in Drilling Fluids, 2006 - 2021 (million dollars)

DEMAND BY LOCATION

Figure 5-1 | Key Trends in Area Markets for Drilling Fluids & Chemicals

Figure 5-2 | Annual Growth Rate of Wells Drilled by Area, 2016 - 2021

Figure 5-3 | Drilling Fluid & Chemical Demand by Location, 2016

Figure 5-4 | Texas: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-5 | Oklahoma: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-6 | Ohio & Pennsylvania: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-7 | Colorado: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-8 | North Dakota: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-9 | Gulf of Mexico: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-10 | Louisiana: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

Figure 5-11 | New Mexico: Wells Drilled & Drilling Fluids Demand, 2006 - 2021 (million gallons)

INDUSTRY STRUCTURE

Figure 6-1 | US Drilling Fluids Market Share, 2016 (billion dollars)

Figure 6-2 | Drilling Fluids & Chemicals: Overall Leading Supplier

Figure 6-3 | Drilling Fluids & Chemicals: Second Leading Supplier

Figure 6-4 | Drilling Fluids & Chemicals: Third Leading Supplier

Figure 6-5 | Drilling Fluids & Chemicals: Fourth Leading Supplier

Figure 6-6 | Drilling Fluids & Chemicals: Fifth Leading Supplier

Figure 6-7 | Drilling Fluids & Chemicals: Sixth Largest Supplier

APPENDIX

Figure 7-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average (percent)


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