The Global Drilling Fluid Service Market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, growing at a Compound Annual Growth Rate (CAGR) of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market Overview
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million by 2030.
Oil-Based Fluids (OBF) Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Drilling Fluid Service include Schlumberger, Halliburton, Baker Hughes, Newpark Resources, Tetra Technologies, CES Energy Solutions, NOV Inc., Scomi Group Bhd and Secure Energy Services and others. In 2023, the global top five players have a share approximately % in terms of revenue.
Drilling fluid is any fluid that is circulated in the borehole to help in carrying out a cost-effective and efficient drilling operation resulting in stable and gauged borehole to targeted depth with minimum possible damage to prospective formations.
Market Size and Forecast
This report aims to provide a comprehensive presentation of the global market for Drilling Fluid Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drilling Fluid Service. This report contains market size and forecasts of Drilling Fluid Service in global, including the following market information:
- Global Drilling Fluid Service Market Revenue, 2019-2024, 2025-2030, ($ millions)
- Global top five companies in 2023 (%)
Research Methodology
We surveyed the Drilling Fluid Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentation
By Type
- Oil-Based Fluids (OBF)
- Water Based Fluids (WBF)
- Others
By Application
- Onshore Drilling
- Offshore Drilling
- Other
Regional Analysis
Global Drilling Fluid Service Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)
Global Drilling Fluid Service Market Segment Percentages, By Region and Country, 2023 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitive Landscape
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Drilling Fluid Service revenues in global market, 2019-2024 (estimated), ($ millions)
- Key companies Drilling Fluid Service revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Schlumberger
- Halliburton
- Baker Hughes
- Newpark Resources
- Tetra Technologies
- CES Energy Solutions
- NOV Inc.
- Scomi Group Bhd
- Secure Energy Services
- Weatherford International
- Q’Max Solutions
- CNPC
- Sinopec
- CNOOC
Report Structure
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Drilling Fluid Service, market overview.
- Chapter 2: Global Drilling Fluid Service market size in revenue.
- Chapter 3: Detailed analysis of Drilling Fluid Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Drilling Fluid Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
For more detailed insights and data, you can download the free sample report or purchase the full report.
Download FREE Sample Report: Drilling Fluid Service Market – View in Detailed Research Report
Read Full Report: Drilling Fluid Service Market – View in Detailed Research Report
<｜begin▁of▁sentence｜>
- Pyrolytic Boron Nitride (PBN) Plates and Sheets Market Analysis - October 12, 2025
- Melamine Faced Chipboard (MFC) Market, Global Outlook and Forecast 2025-2032 - October 12, 2025
- Reclaimed Carbon Black (rCB) Market - October 12, 2025