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The European drilling and completion fluids market is expected to grow at a
CAGR of 6.5% from 2014 to 2019. Continuous increase in the demand for energy,
growth in drilling and oil production activities, increasing advancements in
technology, and rise in exploration of oil & gas reserves are the key drivers
for growth of the European drilling and completion fluids market. Fall in crude
oil prices, strict government & environmental policies, and high market
competition are the major restraints of the drilling and completion fluids
market in Europe. In 2013, Russia alone accounted for approximately 87% of the
European drilling and completion fluids market. The U.K. and Norway are emerging
markets for drilling and completion fluids services.
In this report, the European drilling and completion fluids market has been
classified in mainly four types of segments: water-based systems, oil-based
systems, synthetic-based systems, and others. In 2014, Water-based systems are
estimated to account for the largest market share, followed by oil-based systems
and synthetic-based systems.
Russia was estimated to be the largest market with a share of 87% in 2014,
followed by Norway and the U.K. On the basis of application, the drilling and
completion fluids market has been segmented into onshore and offshore. In this,
the onshore application dominated the drilling and completion fluids market.
Baker Hughes (U.S.), Halliburton (U.S.), M-I Swaco (U.S.), Newpark Resource Inc.
(U.S.), and Anchor Drilling Fluids USA, Inc. (U.S.) are the major players of
Reasons to Buy the Report:
This report gives insights on various levels of analysis including industry
trends, PEST analysis, and market share analysis of top players. The company
profiles comprise and discuss the basic views on the competitive landscape and
emerging & high-growth segments of the drilling & completion fluids market. The
report provides insights of high-growth countries in Europe and their respective
regulatory policies, government initiatives, drivers, restraints, and
The report will enrich both established firms as well as new entrants/smaller
firms to gauge the pulse of the market, which in turn, will help firms to garner
greater market shares. Firms purchasing the report could use any one or
combination of the below mentioned five strategies (mergers & acquisitions,
technological developments/innovation, market development, market
diversification, and competitive assessment) for strengthening their market
The report provides insights on the following pointers:
Mergers & Acquisitions: Getting acquired or merged with another organization
helps in technology sharing, low-cost production, and sustainability against
New Technology Development/Innovation: Detailed insights on upcoming
technologies, research and development activities, and new product launches in
the drilling & completion fluids market.
Market Development: Comprehensive information about lucrative emerging
markets. The report analyzes the requirements of drilling & completion fluids
market for various countries.
Market Diversification: Exhaustive information about new products, untapped
regions, recent developments, and investments in the drilling & completion
Competitive Assessment: In-depth assessment of market shares, strategies,
products, and manufacturing capabilities of leading players in the drilling &
completion fluids market.