North America Drilling and Completion Fluids Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Fluid Type (Water-Based, Oil-Based, Synthetic-Based, and Other Fluid Types), Location of Deployment (Onshore, and Offshore), and Geography

Market Snapshot

North America Drilling and Completion Fluids Market - Market Summary
Study Period:


Base Year:


Key Players:

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North America Drilling and Completion Fluids Market

The market for drilling and completion fluids in North America is expected to grow at a CAGR of approximately 10.08% during the forecast period of 2019 – 2024. The demand for drilling and completion fluid is mainly driven by the operators’ lower breakeven prices and high crude oil prices, drilling longer lateral wells, and revival of Mexico’s oil and gas industry with the liberalization of the industry. These factors have led to robust drilling in onshore and recovery of the offshore sector in North America. However, inadequate pipeline capacity in the important shale plays in the United States has resulted in a huge increase in the number of uncompleted wells and has hence restrained the demand for completion fluids.  

  • The onshore segment accounted for the largest share in the market in 2018, owing to the onshore oil & gas activities in the United States and Canada.
  • A close proximity to extensive infrastructure coupled with promising results from the deployment of new technology puts Austin Basin in a comparatively stronger position and hence is expected to provide an ample opportunity for the drilling and completion fluids market in the near future.  
  • United States is expected to dominate the market over the forecast period owing to its robust drilling activites in the unconventional plays.   

Scope of the Report

The North America drilling and completion fluids market report include:

Fluid Type
Other Fluid Types
Location of Deployment
United States
Rest of North America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Onshore Segment to Dominate the Market

  • Onshore segment accounted for more than half of the market in 2018 and is expected to continue its dominance in the coming years. As of December 2018, the average onshore active rig count from the United States and Canada totaled 1,202, representing an increase of 13.3% over the previous year’s value.
  • The United States is leading the current onshore oil and gas activity, followed by Canada, with its robust drilling in the shale reserves, resulting in a surge in the North American oil and gas production. The major reason behind the surge is the declining operational cost in the country’s basin, which has made marginal projects economical in the low oil price regime.  
  • As the upstream activities continue to increase in North America, the demand for oil field services is also increasing. This, in turn, is expected to help the services companies to progress in this market over the forecast period.
  • The onshore activity in North America had picked up so much in 2017 that the oilfield services sector is struggling to keep up with the demand. Moreover, the onshore sector has benefitted more from the rise in crude oil price, when compared to offshore in North America.
  • Adding to this, there is a large number of uncompleted wells across the region. These wells are expected to be completed in the coming years, creating an ample opportunity for completion fluid providers.
North America Drilling and Completion Fluids Market - Key Market Trends

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Competitive Landscape

The North America drilling and completion fluids market is fragmented and is highly competitive with the presence of large number of companies competing with each other. The key players in this market include Schlumberger Limited, Baker Hughes - a GE Company, Halliburton Company, and National-Oilwell Varco Inc. 

Major Players

  1. Schlumberger Limited
  2. Baker Hughes - A GE Company
  3. Halliburton Company
  4. National-Oilwell Varco Inc.

* Complete list of players covered available in the table of contents below

North America Drilling and Completion Fluids Market - Market Concentration

Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

    4. 1.4 Study Deliverables

    5. 1.5 Research Phases




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast, in USD billion, till 2024

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Fluid Type

      1. 5.1.1 Water-Based

      2. 5.1.2 Oil-Based

      3. 5.1.3 Synthetic-Based

      4. 5.1.4 Other Fluid Types

    2. 5.2 Location of Deployment

      1. 5.2.1 Onshore

      2. 5.2.2 Offshore

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Rest of North America


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Company Profiles

      1. 6.2.1 Schlumberger Limited

      2. 6.2.2 Baker Hughes (A GE Company)

      3. 6.2.3 Halliburton Co.

      4. 6.2.4 CES Energy Solutions Corp.

      5. 6.2.5 National-Oilwell Varco Inc.

      6. 6.2.6 Tetra Technologies Inc.

      7. 6.2.7 QMax Solutions Inc.

      8. 6.2.8 Newpark Resources Inc.

      9. 6.2.9 Chevron Phillips Chemical Company LLC

      10. 6.2.10 Geo Drilling Fluids Inc.

    3. *List Not Exhaustive

**Subject to Availability

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