OILFIELD DRILLING FLUID ADDITIVES MARKET

INTRODUCTION

Drilling fluid, also commonly referred to as drilling mud, is a mixture of chemicals, solids, and water used in the process of drilling oil and gas wells.

Drilling fluid additives are substances added to the mud that can help to improve its overall performance. They can help to reduce cost and improve the safety of the operation.

Some of the most common drilling fluid additives used include surfactants, deflocculants, biocides, dispersants, emulsifiers, and corrosion inhibitors. 

Surfactants reduce the surface tension of the fluid and can improve the effectiveness of other additives. Deflocculants are used to reduce the viscosity of the drilling fluid and prevent clay particles from sticking together and settling out of the mud.

Biocides are used to reduce the amount of bacteria present in the mud and prevent microbial growth. Dispersants are used to break up the solids present in the mud and improve the carrying capacity of the liquid.

Emulsifiers are used to bind the water and oil together and improve the efficiency of the drilling fluid. Corrosion inhibitors are used to reduce the corrosion of downhole equipment and protect the walls of the well. 

Drilling fluid additives can be highly effective if used correctly. They can improve safety, reduce cost, and improve the performance of the mud.

It is important that operators select the correct additives for their particular needs in order to make the most out of their drilling fluid and ensure a safe and cost-effective operation.

OILFIELD DRILLING FLUID ADDITIVES MARKET SIZE AND FORECAST

The Global Oilfield Drilling Fluid Additives market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

OILFIELD DRILLING FLUID ADDITIVES MARKET RECENT DEVELOPMENT

The innovative EnvaDry P-FL dual-functional dry additive and the new EnvaWet UHS 3100 wetting agent for invert emulsion drilling fluids were introduced by Ingevity Corporation. These products have distinct performance and sustainability benefits, as they are both generated from tall oil based on pine. Fluids with an exceptionally high volume of solids can benefit from EnvaWet UHS 3100's assistance in maintaining a consistent rheology.

The solution saves customers money, time, and equipment by prolonging the life of the drilling mud through its capacity to improve emulsion stability and control fluid loss. EnvaDry P-FL, the dual-functional additive from Ingevity, is a 100% active spray-dried technology that enhances fluid loss control and offers advantages for primary emulsification.

The flowable nature of EnvaDry P-FL facilitates better handling procedures and usage in colder areas, while its multifunctional qualities allow for the use of fewer extra additives.In addition to addressing the environmental industry's driving forces, its enlarged oilfield offering offers customised solutions to address customer difficulties.

While assisting clients in reaching their sustainability objectives, both solutions provide notable performance benefits and increases in operating efficiency.The AADE Fluids Conference and Exhibition, hosted by the American Association of Drilling Engineers, is the premier venue for the exchange of useful drilling technologies. Hundreds of drilling contractors, suppliers of tools and materials, manufacturers, and distributors will be present at this convention, which showcases advancements in drilling applications.

OILFIELD DRILLING FLUID ADDITIVES MARKET RECENT ACQUISITION

OMNOVA Solutions Acquires New Fluid Solutions, Increasing Selection of Differentiated Oil & Gas Drilling Additives.The whole inventory of drilling fluid additives from New Fluid Solutions, including lubricants, emulsifiers, shale inhibitors, and lost circulation compounds for use in both onshore and offshore drilling operations, is included in the sale.  It also features a recently built blending plant, storage, and quality assurance/control laboratory.

Before moderate cost synergies and large revenue synergies, OMNOVA anticipates that the merger will be marginally accretive to earnings and neutral to earnings.Complementary and proprietary drilling system additives such as custom-made emulsifiers and lubricants, specialty lost circulation materials, and an integrated, multi-component drilling fluid system complete the range of drilling fluids.

THIS OILFIELD DRILLING FLUID ADDITIVES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Oilfield Drilling Fluid Additives are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Oilfield Drilling Fluid Additives and key vendor selection criteria
3. Where is the Oilfield Drilling Fluid Additives manufactured? What is the average margin per unit?
4. Market share of Global Oilfield Drilling Fluid Additives market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Oilfield Drilling Fluid Additives in-house
6. key predictions for next 5 years in Global Oilfield Drilling Fluid Additives market
7. Average B-2-B Oilfield Drilling Fluid Additives market price in all segments
8. Latest trends in Oilfield Drilling Fluid Additives market, by every market segment
9. The market size (both volume and value) of the Oilfield Drilling Fluid Additives market in 2024-2030 and every year in between?
10. Production breakup of Oilfield Drilling Fluid Additives market, by suppliers and their OEM relationship