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The Drilling Polymers Market size was valued at USD 2.01 Billion in 2023. It is expected to grow to USD 2.91 Billion by 2032 and grow at a CAGR of 4.12% over the forecast period of 2024-2032.
The rising demand for oil and gas exploration is a major driver for the growth of the drilling polymers market. It is due to rise the in energy demand around the world, especially in developing countries. This increasing demand is driving exploration in both traditional as well as non-conventional resources (shale oil, deepwater, and offshore fields). With exploration activities pushing toward more complicated environments, the requirement for next-generation, high-performance drilling polymers is being seen. The use of these polymers contributes to the optimization of drilling performance, reduction of operational cost, and faster exploration to meet the growing demand for oil and gas resources across the globe.
In the U.S., the boom in shale oil production has led to a dramatic increase in exploration activities. As per the EIA, shale oil production reached 9.2 million barrels per day in 2022, which is a major contributor to the U.S.'s position as one of the world's top oil producers.
Oil and gas industry is also moving towards sustainability, which is significantly impacting the drilling polymers market positively. Governments along with numerous environmental organizations that are intent on lessening the environmental impact of exploration and production activities are insisting on stricter regulations which have now paved the way for an increased focus on green materials and technologies. To combat these pressures, the oil and gas industry is making use of green formulations of drilling fluid using various biodegradable and non-toxic polymers. Such drilling polymers contribute to minimizing the ecological impact of drilling activities (water and soil pollution, etc.) and promote environmentally friendly extraction processes. There is also the boosting use of bio-based polymers coming from renewable resources, propelled by regulations and increasing environmental awareness.
According to the U.S. Environmental Protection Agency (EPA), regulations on oil and gas exploration have become more stringent in recent years. The Clean Water Act (CWA) and the Oil Pollution Act (OPA) set specific guidelines to minimize contamination from drilling operations, which has led to an increased focus on using environmentally friendly drilling fluids.
Drivers
Expansion of offshore and deepwater exploration drives the market growth.
The growth of the drilling polymers market is considerably fueled by the increasing offshore and deepwater exploration. With oil and gas companies looking deeper and further offshore to meet global energy demand, the unique difficulties presented by these drilling environments, such as corrosion and weight, are driving a need for custom materials. The extreme pressures, temperatures, and salty, highly corrosive environments of offshore drilling operations particularly in ultra-deepwater fields present unique challenges to engineering. In these segments, how polymers are utilized is vital for increasing the function of drilling fluids, maintaining wellbore integrity, and increasing the effectiveness of drilling processes. This helps prevent common issues faced during deepwater and offshore drilling, including wellbore instability, fluid loss, and formation damage. Also, the move to deeper and more remote drilling locations is creating the need for high-performance polymers uniquely able to meet the demands of these types of wellbore operations with superior lubrication and friction reduction. With technological advancement coupled with the search for new energy sources, risk-taking exploration is in progress in offshore and deep-water regions, which is expected to enhance the market demand for high-performance Drilling Polymers fuelling the industry growth.
The International Energy Agency (IEA) reports that offshore oil and gas fields will contribute around 25% of global oil production by 2040. As exploration moves to more remote and challenging locations, the need for advanced drilling technologies, including specialized polymers, is expected to rise.
Restraints
High cost of advanced drilling polymers hampers the market growth.
The drilling polymers are cost-effective but often come with high price tags that hamper the growth of the global drilling polymers market. The oil and gas industry is now exploring oil and gas in more complex and harsher environmental areas like deepwater and offshore fields where high-performance polymers are required for extreme conditions. These polymers have thus far been produced at elevated costs, especially for environmentally benign, low toxicity, and tailored enhancement of drilling fluids. Their high cost is due partly to the necessity for specific raw materials and other materials and also to the need for extensive research and development to produce such polymers. Such high expense of these advanced materials in drilling operations can translate into high project costs which can deter the usage of these advanced materials because there are cheaper alternative drilling fluids available. On top of that cost, the delivery, storage, and handling of those in distant offshore or deepwater fields incur even more expense.
By Type
The polyacrylamide held the largest market share around 69% in 2023. It has excellent properties that help in performing as a good drilling fluid. Due to its viscosity improvement and stabilization of wellbore properties along with the prevention of fluid loss during drilling operations, Polyacrylamide is used in both water-based drilling fluids as well as oil-based drilling fluids. It has very high-water absorption and great gelling ability that enables to production of thick and stable mud systems, resistant to very harsh conditions like high pressure and temperature of deep water or offshore drilling. Furthermore, polyacrylamide is a versatile polymer with many formulations available (anionic and cationic) suited for varying needs throughout the drilling process. Also, its cost is low compared to the other advanced polymers, which plays an important function in large-scale operations where the budget is limited.
By Application
Diamond drilling held the highest market share around 32% in 2023. This is because it outperforms other drilling types in difficult geological formations and has a wide range of applications in both the exploration and extraction of resources. The diamond-tipped drill bit used for diamond drilling permits drilling hard rock formations, thus this method can be effectively used in mineral exploration, geological surveying, and deep core drilling. The core samples obtained by it are the key to why it is so dominant; they are highly important for geological analysis.
Diamond drilling provides accuracy and precision; this is an essential trait in the mining, oil and gas, and civil engineering industries, as accurate information about subsurface geology is necessary for executing successful projects. This is also particularly interesting as diamond drilling is easily the best technique to drill deep holes while minimizing environmental impact, this being in line with the growing need for sustainable and environmentally friendly drilling methods.
Asia Pacific held the largest market share around 44% in 2023. The oil and gas producers in the countries including China, India, and Malaysia, all of which are investing much more into new technologies which drive the market growth. As these countries expand their exploration efforts, the need for effective, high-performance drilling polymer to enhance drilling efficiency, stability of the wellbore, and reduction of operational hazards in complex and challenging environments increases.
Besides, Asia Pacific is witnessing a surge in energy demand, forcing oil & gas exploration and production. The region's ambitious infrastructure and energy security goals have also increased demand for specialty high-performance drilling fluids. In addition, governing bodies in Asia Pacific have presented favorable policies to support the exploration of oil and gas, thereby increasing investment in drilling technologies that include polymers. All of these, coupled with the competitive manufacturing costs and high-scale operations in the region, have resulted in Asia Pacific dominating the consumption of drilling polymers and thus driving the market.
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SINO MUD (Mud Cleaner, Drilling Fluid Additives)
Baroid Industrial Drilling Products (Baroid LCM, BAROID Drilling Fluids)
Baker Hughes, Inc. (Baroid Drilling Fluids, VersaFlo)
Halliburton, Inc. (Baroid Drilling Fluids, OPTI-CLEAN)
Chevron Corp. (Chevron Drilling Fluids, Unimud)
Schlumberger Ltd. (XTREME Clean, DRILPLEX)
Global Drilling Fluids and Chemicals Ltd. (SlickWater, Mud Additives)
Global Envirotech (Eco-Clean, Eco-Drill)
Di-Corp (Di-Drill, Di-Versify)
M-I SWACO (A Schlumberger Company) (Baroid Mud Systems, Drilplex)
FMC Technologies, Inc. (Rheology Modifiers, Friction Reducers)
Tetra Technologies, Inc. (TETRA-PAC, TETRA-THIN)
Newpark Resources, Inc. (Clear Water, NewForce)
Weatherford International, Inc. (Performa, Wellbore Cleaners)
Expro Group (ExproPro, ExproFlow)
AkzoNobel N.V. (Akzo Drilling Fluids, Drilplex Additives)
Clariant International Ltd. (Exolit OP, Ecotool)
BASF SE (BASF Drilling Fluids, Rheovis)
Lonza Group Ltd. (Lonzagard, Polymeric Fluids)
Chemcon Speciality Chemicals Ltd. (MudChem, Defoamer)
In 2023, BASF SE launched a new series of drilling fluid additives designed to improve wellbore stability and reduce friction in deepwater and offshore drilling operations. This development focused on enhancing the performance of water-based drilling fluids while ensuring environmental sustainability.
In 2022 Solvay launched a new line of polymeric additives for water-based drilling fluids. These additives improve the efficiency of drilling operations by reducing friction and controlling fluid loss, crucial for enhancing performance in challenging drilling environments such as deepwater and shale gas exploration.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$2.01 Billion |
| Market Size by 2032 | US$2.91 Million |
| CAGR | CAGR of4.12% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Polyacrylamide, Others) •By Application (Down The Hole Drills, Diamond Drilling, Top Hammer Drilling, Reverse Circulation Drilling, Others) •By End-Use (Mining, Oil & Gas, Construction, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | SINO MUD, Baroid Industrial Drilling Products, Baker Hughes, Inc., Halliburton, Inc., Chevron Corp., Schlumberger Ltd., Global Drilling Fluids and Chemicals Ltd., Global Envirotech, Di-Corp, M-I SWACO (A Schlumberger Company), FMC Technologies, Inc., Tetra Technologies, Inc., Newpark Resources, Inc., Weatherford International, Inc., Expro Group, AkzoNobel N.V., Clariant International Ltd., BASF SE, Lonza Group Ltd., Chemcon Speciality Chemicals Ltd. |
| Key Drivers | • Expansion of offshore and deepwater exploration drives the market growth. |
| Restraints | •High cost of advanced drilling polymers hampers the market growth. |
Ans: The Drilling Polymers Market was valued at USD 2.01 Billion in 2023.
Ans: The expected CAGR of the global Drilling Polymers Market during the forecast period is 4.1%.
Ans: The Diamond Drilling application will grow rapidly in the Drilling Polymers Market from 2024-2032.
Ans: Expansion of offshore and deepwater exploration drives the market growth.
Ans: The U.S. led the Drilling Polymers Market in the Asia Pacific region with the highest revenue share in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Drilling Polymers Market Segmentation, by Type
7.1 Chapter Overview
7.2 Polyacrylamide
7.2.1 Polyacrylamide Market Trends Analysis (2020-2032)
7.2.2 Polyacrylamide Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Others
7.3.1 Others Market Trends Analysis (2020-2032)
7.3.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Drilling Polymers Market Segmentation, by Application
8.1 Chapter Overview
8.2 Down the Hole Drills
8.2.1 Down the Hole Drills Market Trends Analysis (2020-2032)
8.2.2 Down the Hole Drills Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Diamond Drilling
8.3.1 Diamond Drilling Market Trends Analysis (2020-2032)
8.3.2 Diamond Drilling Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Top Hammer Drilling
8.4.1 Top Hammer Drilling Market Trends Analysis (2020-2032)
8.4.2 Top Hammer Drilling Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Reverse Circulation Drilling
8.5.1 Reverse Circulation Drilling Market Trends Analysis (2020-2032)
8.5.2 Reverse Circulation Drilling Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Drilling Polymers Market Segmentation, by End-Use
9.1 Chapter Overview
9.2 Mining
9.2.1 Mining Market Trends Analysis (2020-2032)
9.2.2 Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Oil & Gas
9.3.1 Oil & Gas Market Trends Analysis (2020-2032)
9.3.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Construction
9.4.1 Construction Market Trends Analysis (2020-2032)
9.4.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Others
9.5.1 Others Market Trends Analysis (2020-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.4 North America Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.5 North America Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.6.2 USA Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6.3 USA Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.7.2 Canada Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7.3 Canada Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8.3 Mexico Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6.3 Poland Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7.3 Romania Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.5 Western Europe Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6.3 Germany Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.7.2 France Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7.3 France Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8.3 UK Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9.3 Italy Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10.3 Spain Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13.3 Austria Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.5 Asia Pacific Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.6.2 China Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6.3 China Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.7.2 India Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7.3 India Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.8.2 Japan Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8.3 Japan Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9.3 South Korea Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10.3 Vietnam Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11.3 Singapore Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.12.2 Australia Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12.3 Australia Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.5 Middle East Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6.3 UAE Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.4 Africa Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.5 Africa Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Drilling Polymers Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.4 Latin America Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.5 Latin America Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6.3 Brazil Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7.3 Argentina Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8.3 Colombia Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Drilling Polymers Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Drilling Polymers Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Drilling Polymers Market Estimates and Forecasts, by End-User (2020-2032) (USD Billion)
11. Company Profiles
11.1 SINO MUD
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Baker Hughes, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Halliburton, Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Chevron Corp.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Schlumberger Ltd.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Global Drilling Fluids and Chemicals Ltd.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Global Envirotech
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Global Envirotech
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 M-I SWACO
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 FMC Technologies, Inc.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
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Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Polyacrylamide
Others
By Application
Down The Hole Drills
Diamond Drilling
Top Hammer Drilling
Reverse Circulation Drilling
Others
By End-Use
Mining
Oil & Gas
Construction
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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