Based on type, the market is divided into water-based, oil-based, synthetic-based, and others.
The water-based segment held a global drilling fluids market share of about 49.40% in 2020. The segment is expected to remain at the forefront backed by their attributes such as reduced environmental impact and cost-effectiveness that are likely to boost their demand worldwide.
On the basis of application, the market is bifurcated into onshore and offshore. Lastly, based on region, the market is classified into North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.
What does the Report Include?
The global market report includes a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the market's growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate that will further contribute to market growth. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.