FORT WORTH, Texas, December 23, 2014 /PRNewswire/ --
The Asia-Pacific Drilling Fluid and Completion Fluid Market
report defines and segments the concerned market in Asia Pacific, with analysis and forecast of
revenue. The market was valued at $1637.8
million in 2013, and is anticipated to reach at $2,386.3 million by 2018, at a CAGR of 7.8%
during the forecast period, 2013 to 2018.
Browse through the TOC of Asia-Pacific Drilling Fluid &
Completion Fluid Market for an in-depth analysis of the
industry trends and segments, with help of various tables and
figures.
http://www.micromarketmonitor.com/market/asia-pacific-drilling-fluid-completion-fluid-5274629646.html
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report.
Asia-Pacific is one of the
major regions for drilling fluid & completion fluid market, due
to the increased drilling activities in countries, such as
China, Australia, Thailand, and India. Improved economy, incessant rise in
population, and increased industrial development has led to the
growing energy demand. This demand is successfully fulfilled by the
rapid upsurge observed in drilling & exploration
activities.
China is considered to be
dominating the market for drilling fluid & completion fluid in
the Asia-Pacific region, due to
the presence of huge shale reserves and drilling activities
conducted at a large scale. China
holds a market share of approximately 75% in the Asia-Pacific drilling fluid & completion
fluid market in 2013, and is expected to sustain its position in
the global drilling fluid and completion fluid market.
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Water-based drilling & completion fluid market in
Asia-pacific region occupies a
significant market share in comparison to other types of drilling
& completion fluid markets, which has accounted to 60% in 2013.
This growth is mainly attributed to the cost-effectiveness of the
water-based drilling fluids, arising out of the extensive
availability of the water bases.
Since major drilling activities are taking place in onshore
fields, the onshore drilling & completion fluid market is
prevailing among other application areas in the Asia-Pacific region. The market research
report offers an elaborated overview of market share, value chain
analysis, and varied market dynamics including drivers and
restraints of this market. It also lays emphasis on company
profiles of leading players in this market, along with product
portfolio, company financials, recent developments, and growth
strategies.
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