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Drilling chemicals are also called drilling muds which are heavy, viscous fluid mixture that is used in oil and gas drilling operations to carry rock cuttings to the surface and also to lubricate and cool the drill bit. Drilling chemicals find application in simpler bore holes such as water wells and metal and mineral extraction. Depending on the application, drilling chemicals are classified into onshore and offshore chemicals. Therefore, increasing demand for drilling chemicals is expected to boost the drilling chemicals market growth over the forecast period.

Market Dynamics

Among applications, the onshore drilling segment is expected to witness a significant market share in the global drilling chemicals market. In 2021, the segment accounted for around 70.0% share of the global drilling chemicals market in terms of revenue. The onshore oil and natural gas industry continue to evolve, developing best practices and improving well designs. This evolution resulted in reduced drilling and completion times, lower total well costs, and increased well performance.

Asia Pacific is expected to emerge as one of the potential areas for investment by the end of 2030. This is owing to the significant growth of the oil and gas industry in India and China. According to India Brand Equity Foundation, the oil and natural gas industry in India is expected to attract US$ 25 billion investment in exploration and production projects by 2022.

Key features of the study:

  • This report provides in-depth analysis of drilling chemicals market and provides market size (US$ Million & KT) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2022 – 2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global drilling chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Anchor Drilling Fluids Inc., MB Holding Company LLC, Tetra Technologies Inc., International Drilling Fluids and Engineering Services (Idec) Ltd., Canadian Energy Services Inc., Weatherford International Ltd., Global Fluids & Chemical Co., Baker Hughes, Newpark Drilling Fluids LLC., Diamoco Group, M-I SWACO, Schlumberger, Oren Hydrocarbons, and Halliburton
  • Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The global drilling chemicals market report caters to various stakeholders in this industry including investors, suppliers, drilling chemicals manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the drilling chemicals market

Detailed Segmentation:

  • Global Drilling Chemicals Market, By Chemicals:
    • Dispersants & Deflocculants
    • Clean Up Chemicals
    • Shale Stabilizers
    • Drilling Mud Defoamers and Foaming Agents
    • Drilling Mud Lubricants
    • Drilling Mud Surfactants
    • Spotting Fluids
    • Fluid Loss Control Additives
    • Loss Circulation Material
    • Emulsifiers for Water-based and Oil-based Systems
    • Drilling Polymers
    • Weight Materials
    • Corrosion Inhibitor
    • Scavengers & Biocides
    • Viscosifiers
    • Adhesives & Sealants
    • Commercial Chemicals
  • Global Drilling Chemicals Market, By Base Fluid Type:
    • Oil-based Fluids
    • Water-based Fluids
    • Synthetic-based Drilling Fluids
    • Pneumatic Drilling fluids
  • Global Drilling Chemicals Market, By Application:
    • Onshore Drilling
    • Offshore Drilling
  • Global Drilling Chemicals Market, By Region:
    • North America
      • U.S.
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • Italy
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Middle East & Africa
      • Middle East
      • Africa
  • Company Profiles
    • Anchor Drilling Fluids Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • MB Holding Company LLC
    • Tetra Technologies Inc.
    • International Drilling Fluids and Engineering Services (Idec) Ltd.
    • Canadian Energy Services Inc.
    • Weatherford International Ltd.
    • Global Fluids & Chemical Co.
    • Baker Hughes
    • Newpark Drilling Fluids LLC
    • Diamoco Group
    • M-I SWACO
    • Schlumberger
    • Oren Hydrocarbons
    • Halliburton

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Chemicals
      • Market Snippet, By Base Fluid Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Key Developments
      • Industry Trend
  4. Global Drilling Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Drilling Chemicals Market– COVID-19
    • Impact Analysis
  5. Global Drilling Chemicals Market, By Chemicals, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Dispersants & Deflocculants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Lignites
        • Lignosulfonates
        • Tannin
        • Polyacrylates
        • Anionic Polymer
    • Clean Up Chemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Drilling Detergent
        • Rig Wash Fluid
    • Shale Stabilizer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Sodium Sulfonated Asphalt
        • Potassium Sulfonated Asphalt
        • Oxidized Asphalt
        • Synthetic Gilsonite
        • Partially Hydrolyzed Poly Acryl amide (PHPA)
        • Cloud Point Glycol
        • Sodium Silicate
        • Potassium Silicate
        • Polyacrylate
        • Polyglycol
        • Polyacrylamide
        • Natural Gilsonite
    • Drilling Mud Defoamers and Foaming Agents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Alcohol Base Defoamer
        • Stearate Base Defoamer
        • Butyl Base Defoamer
        • Drilling Foamer
        • Silicate Base Defoamer
    • Drilling Mud Lubricants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Extreme Pressure Lubricant (Water Based)
        • Extreme Pressure Lubricant (Ester Based)
        • Extreme Pressure Lubricant (For Sodium Silicate Mud)
        • Extreme Pressure Lubricant (Environmentally Friendly Non-toxic Oil Based)
    • Drilling Mud Surfactants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Anionic Surfactant
        • Cationic Surfactant
        • Non Ionic Surfactant
    • Spotting Fluids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Asphaltic Base
        • Weighted
        • Non-weighted
    • Fluid Loss Control Additives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Carboxy Methyl Cellulose
        • Poly Anionic Cellulose
        • Resinated Lignite
        • Poly Anionic Cellulose
        • Pregelatinized Starch
        • Modified Lignite
        • Guar Gum
        • Sodium Polyacrylate
    • Loss Circulation Material
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Walnut Shell
        • Mica Flakes
        • Blended & Fiberous LCM
        • Calcium Carbonate
        • Cotton Seed Hull
        • Cellophane Flakes
    • Emulsifiers for Water-based and Oil-based Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Primary Emulsifier
        • Secondary Emulsifier
    • Drilling Polymers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • PHPA
        • Cloud Point Glycol
        • Xanthum Gum
        • Hydro Ethyl Cellulose (HEC)
        • Sodium Polyacrylate
    •  Weight Materials
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Barite
        • Calcium Carbonate
        • Hematite
        • Attapulgite Clay
    • Corrosion Inhibitor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Corrosion Inhibitor for Oil Line
        • Corrosion Inhibitor for Gas Line
    • Scavengers & Biocides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Oxygen Scavenger
        • Zinc Carbonate (H2S Scavenger)
        • Biocide
        • Amine Type
        • Aldehyde Type
        • Ammonium Type
    • Viscosifiers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Bentonite Extender
        • Carboxy Methyl Cellulose (CMC)
        • Poly Anionic Cellulose (PAC)
        • Drilling Starch
        • Guar Gum
        • Attapulgite Clay (Salt Water Clay)
        • Organophilic Clay
        • Xanthum Gum (XC Polymer)
    • Adhesives & Sealants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Epoxy Based Sealants
        • Thermo Setting Adhesives
        • Cold Setting Adhesives
        • Phenolic resins and other modified Resins
    • Commercial Chemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Potassium Chloride (KCL)
        • Calcium Chloride
        • Salt: Sodium Chloride
        • Calcium Bromide
        • Lime: Calcium Hydroxide
        • Potassium Sulphate
        • Sodium Bi-Carbonate
        • Potassium Hydroxide (KOH)
        • SAPP
        • Caustic Soda
        • Soda Ash
        • Soda Bi-Carbonate
        • Citric Acid
        • Caustic Soda
  6. Global Drilling Chemicals Market, By Base Fluid Type, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Oil-based fluids (OBF)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Shale Stabilizer
        • Rheology Modifier
        • Mud thinner
        • Viscosifier
        • Flitrate Reducer
        • Emulsifiers
        • Wetting Agent
        • Others
    • Water-based Fluids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • High Performance Water Based Fluids
        • Clear Brine Drilling Fluids
    • Synthetic-based Drilling Fluids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Esters
        • Polyalphaolefins (PAOs)
        • Olefin Isomers
        • Others
    • Pneumatic Drilling Fluids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
        • Air/Gas
        • Aerated Fluids
        • Foam
  7. Global Drilling Chemicals Market, By Application, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Segment Trends
    • Onshore Drilling
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
    • Offshore Drilling
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million & KT)
  8. Global Drilling Chemicals Market, By Region, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, For Regions, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
    • Latin America
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Rest of South America
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
    • Europe
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • Germany
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • China
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
    • Middle East
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • Country Trends
        • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
        • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
        • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
    • Africa
      • Market Share Analysis, By Country, 2022 and 2030(%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • Country Trends
        • Market Size and Forecast, By Chemicals, 2017 - 2030 (US$ Million & KT)
        • Market Size and Forecast, By Base Fluid Type, 2017 - 2030 (US$ Million & KT)
        • Market Size and Forecast, By Application, 2017 - 2030 (US$ Million & KT)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Anchor Drilling Fluids Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MB Holding Company LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tetra Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • International Drilling Fluids and Engineering Services (Idec) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Canadian Energy Services Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Weatherford International Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Global Fluids & Chemical Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Baker Hughes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Newpark Drilling Fluids LLC.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Diamoco Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • M-I SWACO
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Schlumberger
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Oren Hydrocarbons
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Halliburton
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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