ALBANY, New York, September 1, 2014 /PRNewswire/ --
Transparency Market Research has released a new market report
titled "Drilling Fluids Market (By Product Segment - Water-based,
Oil-based and Synthetic Drilling Fluids): Latin America Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020."
According to the report, the drilling fluids market in Latin America was valued at USD 608.7 million in 2013 and is anticipate to
reach USD 1,161.1 million by 2019,
expanding at a CAGR of 9.63% from 2014 to 2020.
Browse the full Latin America Drilling Fluids Market
Report at
http://www.transparencymarketresearch.com/latin-america-drilling-fluids-market.html
The drilling fluids market in Latin
America has been analyzed based on product segments, namely
water-based fluids (WBFs), oil-based fluids (OBFs) and
synthetic-based fluids (SBFs). In terms of revenue, WBFs segment
dominated the overall market, accounting for more than 58% of the
drilling fluids market share in Latin
America in 2013. WBFs segment is estimated to be one of the
rapidly growing segments during the forecast period due to its
eco-friendly nature and cheap price compared to other drilling
fluids. WBFs require minimal treatment before discharge; hence,
these are used widely as compared to oil and synthetic drilling
fluids. In offshore regions, WBFs are dumped into the seawater
after attaining a permissible toxic content level as determined by
the environmental regulatory bodies. Key technology segments
analyzed in this study include dispersed systems and non-dispersed
systems. These are classified as sub-segments of water-based
fluids. In terms of revenue, dispersed systems dominated the
market, occupying more than 60% of the market share in 2013.
In terms of revenue, Brazil
dominated the drilling fluids market in Latin America, accounting for over 26% of the
market share in 2013. High investment in deep water and ultra-deep
water reserves is proving to be a boon for the market in
Brazil. Increased exploration
activities for other unconventional sources of energy, such as CBM
(Coal Bed Methane) and shale gas, are further anticipated to drive
the drilling fluids market in Latin
America.
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Key players in the drilling fluids market in Latin America include Baker Hughes
Incorporated, Newpark Resources Inc., Halliburton Company,
Schlumberger Limited, Weatherford International Limited, and Imdex
Limited (AMC Oil & Gas).
Latin American Drilling Fluids Market: Product Segment
Analysis
- Water-based fluids
- Oil-based fluids
- Synthetic-based fluids
Latin American Drilling Fluids Market: Technology
Analysis
- Dispersed systems
- Non-dispersed systems
Get Request Sample of Latin America Drilling Fluids
Market at
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3019
Latin American Drilling Fluids Market: Country-wise
Analysis
- Argentina
- Brazil
- Venezuela
- Others (Rest of Latin
America)
Browse All Energy & Mining Market Research Reports @
http://www.transparencymarketresearch.com/energy-market-reports-3.html
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