Spacer Fluid Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Spacer Fluid Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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Spacer Fluid Market

A spacer fluid is used in cementing operations to physically separate the drilling fluid and cement. The spacer fluid market is estimated to witness a moderate growth rate during the forecast period, 2018-2023. The global energy consumption is expected to increase by 28% between 2015 and 2040, with oil & gas accounting for approximately half the demand and the increasing investments in exploration, production, and drilling activities, along with a number of upstream projects across the world, by the oil producers like the United States and OPEC, is expected to drive the spacer fluid market.

Demand for Long Lateral Services Driving the Spacer Fluid Market

The shift from vertical drilling to horizontal/lateral drilling methods in the recent years has resulted in an increase in the total drilled footage per well. As a result, the demand for spacer fluid has increased. Hydraulic fractured wells have accounted for most of the new wells drilled and completed since late 2014. As of 2016, about 670,000 of the 977,000 producing wells were hydraulically fractured and horizontally drilled. Furthermore, in 2016, the total drilled footage reached nearly 13 million feet, approximately 10.7 million of which were hydraulically fractured and horizontally drilled, which, in turn, is expected to increase the demand for spacer fluid market during the forecast period. Over the past decade, the lateral lengths of the unconventional wells drilled in the United States, have increased from 2,500 feet to nearly 7,000 feet. As China and Argentina have also started to invest in their unconventional fields, following the United States, the demand for spacer fluid is expected to increase during the forecast period.

                                              Spacer Fluid Market

North America Holds the Largest Share in Spacer Fluid Market

The evolution of abundant tight oil and unconventional natural gas resources has created an opportunity to enhance economic growth throughout North America and improve its competitiveness in the global oil & gas industry. The market for unconventional fuels and drilling is expanding in this region, owing to the consumption growth in oil and oil products. The average active rig count in North America, as of May 2018 has almost doubled its number from 2016, resulting in the requirement of spacer fluids. This trend for the spacer fluid market is expected to continue in this region over the forecast period, as the United States is planning to become an oil exporter by 2022.

United States – A Huge Market Potential

The global oil production’s growth over the forecast period is expected to come from the United States. As per the EIA, the US average crude oil production in 2017 is expected to increase by 25% in 2019. US tight oil production increased in 2017, accounting for 54% of total US crude oil production, in part because of the increasing productivity of new wells. Effective drilling techniques, including the growing use of hydraulic fracturing and horizontal drilling, have helped to increase these initial production rates. Tight oil production in West Texas and New Mexico is the primary driver of rising US market. The oil and gas production is expected to continue its growth, along with renewables, which, in turn, increases the drilling activities and spacer fluid market in the United States. The above factors are expected to drive the spacer fluid market during the forecast period.

Spacer Fluid Market Major Players

  • Schlumberger Limited.
  • Halliburton.
  • Croda International PLC.
  • M&D Industries of LA Inc.
  • Aubin Group.
  • BASF SE.
  • Chevron Phillips Chemical Company.
  • and Baker Hughes Incorporated.

Reasons to Purchase Spacer Fluid Market Report

  • Current and future spacer fluid market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market share, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel)

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1. Executive Summary                  

2. Research Methodology                           

                2.1 Scope of the Report

                2.2 Market Definition    

                2.3 Study Assumptions 

                2.4 Study Deliveravles   

                2.5 Research Phases      

3. Spacer Fluid Market Overview                       

                3.1 Introduction               

                3.2 Market Size and Demand Forecast until 2023              

                3.3 Import-Export Analysis          

                3.4 Recent Trends and Developments   

                3.5 Government Policies & Regulations 

                3.6 Investment Opportunities   

                3.7 Cost Analysis              

4. Market Dynamics                       

                4.1 Spacer Fluid Market Drivers          

                4.2 Spacer Fluid Market Restraints    

                4.3 Spacer Fluid Market Opportunities            

5. Spacer Fluid Market Value Chain Analysis                 

6. Industry Attractiveness - Porter's Five Force Analysis                

                6.1 Bargaining Power of Suppliers            

                6.2 Bargaining Power of Consumers       

                6.3 Threat of New Entrants         

                6.4 Threat of Substitute Product and Services    

                6.5 Intensity of Competitive Rivalry        

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)                              

                7.1 Spacer Fluid Market By Type        

                                7.1.1 Biopolymers

                                7.1.2 Others

                                7.1.3

                                7.1.4

                7.2 Spacer Fluid Market By Application           

                                7.2.1 Water-Based Drilling Fluid Environment

                                7.2.2 Oil-Based Drilling Fluid Environment

8. Spacer Fluid Market Regional Analysis (Overview, Market Size, and Demand Forecast until 2023)                  

                8.1 North America          

                                8.1.1 United States

                                8.1.2 Canada

                                8.1.3 Mexico

                                8.1.4 Rest of North America

                8.2 Europe         

                                8.2.1 Germany

                                8.2.2 United Kingdom

                                8.2.3 France

                                8.2.4 Spain

                                8.2.5 Denmark

                                8.2.6 Italy

                                8.2.7 Rest of Europe

                8.3 South America          

                                8.3.1 Brazil

                                8.3.2 Argentina

                                8.3.3 Rest of South America

                8.4 Asia-Pacific 

                                8.4.1 China

                                8.4.2 India

                                8.4.3 Japan

                                8.4.4 Australia & New Zealand

                                8.4.5 Rest of Asia-Pacific

                8.5 Middle East & Africa

                                8.5.1 Saudi Arabia

                                8.5.2 South Africa

                                8.5.3 Rest of Middle East & Africa

9. Spacer Fluid Market Competitive Landscape                           

                9.1 Mergers and Acquisitions     

                9.2 Joint Ventures, Collaborations, and Agreements       

                9.3 Market Share Analysis           

                9.4 Strategies Adopted by Leading Players          

10. Spacer Fluid Market Key Company Analysis (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)                               

                10.1 Schlumberger Limited         

                10.2 Halliburton

                10.3 Croda International PLC      

                10.4 M&D Industries of LA Inc.  

                10.5 Aubin Group            

                10.6 BASF SE      

                10.7 3. Chevron Phillips Chemical Company         

                10.8 Baker Hughes Incorporated              

                10.9 Impact Fluid             

                10.10 TRICAN    

                *List not Exhaustive       

11. Future of the Market                             

12. Appendix                    

                12.1 Contact Us

                12.2 Disclaimer 

                **Subject to availability on public domain                           

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