Middle East And Africa (MEA) Drilling Fluids Market Size, Share, Opportunities, And Trends By Fluid Type (Water-Based, Oil-Based, Others), By Application (On-Shore Drilling, Off-Shore Drilling), By End-User (Oil & Gas, Mining), And By Country - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615386
- Pages : 80
Drilling fluids are used in the drilling industry to provide stability to the borehole, prevent formation damage, and maintain a consistent pH level in the drilling mud. Drilling fluids have a high tolerance for high temperatures and are therefore used in drilling operations where high temperatures are encountered. Growing productivity in the mining and oil & gas sector in the Middle East and Africa region is expected to drive the market demand for drilling fluids thereby boosting the regional market growth.
Rising oil and gas production will accelerate the MEA drilling fluids market growth.
The increasing demand for oil & gas across the globe has resulted in increased exploration and production activities in the Middle East and Africa region. Drilling fluids are used extensively in oil & gas exploration and production due to their superior performance in preventing formation damage and providing borehole stability during drilling operations. The growth of on-shore and off-shore oil extraction drilling activities in the Middle East and Africa region is expected to increase the demand for such fluids. According to the International Energy Agency (IEA) report in 2022, Middle East oil production increased by 2% from 2020 to an average of 24.625 MMbpd in 2021.
Growing mining activity and favourable government initiatives to boost the same are expected to boost the MEA drilling fluids market growth.
The mining industry in the Middle East and Africa region relies on drilling fluids to extract minerals and ores from underground deposits. The ability of such fluids to prevent formation damage makes drilling more efficient. The increase in the demand for minerals has provided a major boost to mining activities in the Middle East and Africa, which has positively impacted the market demand for drilling fluids in the region. According to the Minerals Council of South Africa in 2021, the mining sector contributed 8.2% to the Gross Domestic Product (GDP), attracted over R575 billion in export earnings, and contributed R608 billion in total mineral sales. Furthermore, as per the “Exploration Strategy of South Africa” report issued by the Department of Mineral Resource and Energy in April 2022, it was stated that the South African government, the industry, academia, and other relevant social partners will put efforts to secure a minimum of 5% share in global mining exploration expenditure and increase mining contribution to the economy of South Africa in the next five years.
- Royal Liquid Gilsonite: This product made by Drilling Fluid Factory is specifically formulated as a shale stabilizer, lubricity modifier, and fluid loss additive for use in most water-based drilling fluids, and it is made from blended natural hydrocarbons.
- Drilling polymer CX BIOVIS: Such drilling fluid by SINOMUD is a premium quality biopolymer powder designed to provide maximum solids suspension and hole cleaning in vertical and highly deviated wells as well as horizontal directional drilling applications.
- Pal Phalt: The product by GL Chemical FZE provides filtration control, seals low-pressure and depleted formations, and improves overall emulsion stability, thermal stability, and suspension characteristics of oil base mud.
- By Fluid Type
- By Application
- On-Shore Drilling
- Off-Shore Drilling
- By End-User
- Oil & Gas
- By Country
- Saudi Arabia
- South Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Year Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. MIDDLE EAST AND AFRICA (MEA) DRILLING FLUIDS MARKET ANALYSIS, BY FLUID TYPE
6. MIDDLE EAST AND AFRICA (MEA) DRILLING FLUIDS MARKET ANALYSIS, BY APPLICATION
6.2. On-Shore Drilling
6.3. Off-Shore Drilling
7. MIDDLE EAST AND AFRICA (MEA) DRILLING FLUIDS MARKET ANALYSIS, BY END-USER
7.2. Oil & Gas
8. MIDDLE EAST AND AFRICA (MEA) DRILLING FLUIDS MARKET ANALYSIS, BY COUNTRY
8.2. Saudi Arabia
8.4. South Africa
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. African Drilling Fluids
10.2. AL MIHRAB
10.3. Blackstorm Energy LLC
10.4. Drilling Fluid Factory
10.5. GL Chemical FZE
10.6. Global Drilling Fluids & Chemicals Limited
10.7. Gumpro Drilling Fluids Pvt Ltd.
10.8. MI Gulf Services
African Drilling Fluids
Blackstorm Energy LLC
Drilling Fluid Factory
GL Chemical FZE
Global Drilling Fluids & Chemicals Limited
Gumpro Drilling Fluids Pvt Ltd.
MI Gulf Services
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