About Drilling Polymers
Drilling Polymers are s a high molecular weight anionic polymer viscosifier that offers the drilling fluid with these primary rheological properties. drilling fluid these basic rheological properties. It is available in various form fluids, powdered, clay, etc which are used to fill the drill reactive formations. There are types of polymers such as some natural occurring polymers namely guar gum, xanthan gum, and starch along with the other modified natural polymers. It is increasingly used in oil and gas exploration and production.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Drilling Polymers is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Drilling Polymers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Minerals Technologies Inc (United States), Parchem Fine & Specialty Chemical (United States), Kraton Corporation (United States), SINO MUD (United Kingdom), DuPont (United States), Global Drilling Fluids and Chemicals Limited (India), Phrikolat Drilling Specialties GmbH (Germany) and Matex Control Chemical (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Global Envirotech (India), Chevron Crop (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Drilling Polymers market by , Application (Commercial and Industrial) and Region.
On the basis of geography, the market of Drilling Polymers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Drilling Polymers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline will boost the Drilling Polymers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Polymers, the sub-segment i.e. Starch will boost the Drilling Polymers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Drilling Polymer in Fluid Form in Oil and Gas Exploration and Production
Market Growth Drivers:
Growing Demand for Drilling Polymer in Industrial Applications and Demand for the Polymer for the Drilling Efficiencies in the Drilling Application
Challenges:
Low-Quality Product Production Hindering the Drilling Polymers Market
Restraints:
Regulatory Guidelines with the Drilling Polymers Chemical Distribution and Importing & Exporting
Opportunities:
Growing Awareness about the Environment-Friendly Drilling Fluids will Boost the Drilling Polymers Market
Market Leaders and their expansionary development strategies
In August 2021, Richardson International Limited announced the successful purchase of Control Chemical Corporation, a specialized manufacturer of environmentally safe drilling fluids and proprietary vegetable oil-based lubricants. Prior to this acquisition, Richardson was a minority shareholder in the company and has supplied raw ingredients for their products for over 30 years.
In December 2020, The Karton company has extended its senior secured assets based revolving credit facility, making it the world largest sustainable manufacturer of specialty polymer.
Key Target Audience
Drilling Polymers Manufacturers, Drilling Polymers Distributors and Suppliers, Drilling Polymers International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.