Oilfield Drilling Fluid Additives are chemical formulations which are used for multiple functions in Oil Processing. The additive technologies excel with emulsification and thinning/dispersion of oil-based muds. They help to create proper fluid weighting to balance pressure formation and optimize fluid flow.

Main functions of these additives include maintaining strong boundary lubrication films in silicate-based mud systems specialized for shale drilling, which is done by lubricating agents. Some other functions are wettability, detergency, clay stabilization and others. Selection of drilling fluid additives requires careful consideration of several criteria, such as; well design, rock composition, potential formation pressures and temperatures, reservoir chemistry, protection of the producing zone, and environmental regulations.

According to recent research by IndustryARC, the Global Oilfield Drilling Fluid Additives Market is set to reach healthy revenues by 2020 end, owing to the consistent demand for Crude Oil globally.

Market Trends:

Oilfield Drilling Fluids are used in a very extensive manner in the oil and field industry and have proven to be a very crucial part of the oil drilling process. The demand for crude oil has impacted the drilling industry worldwide. Fluctuating demands for Crude Oil has been a factor for the rise and fall in the Oilfield Drilling Fluid Additives Market.

Despite the continuous downfall of oil prices globally, there is a favorable chance of demand for crude oil increasing. According to recent surveys, the demand for crude oil was actually more in 2015 when compared to previous years. This, in fact, is a good sign for the business of Drilling Fluids to increase.

Notable Players:

Many chemical giants are vying with each other to give the best quality product. Some key competitors who have established themselves in the drilling fluid manufacturing industry are AES Drilling Fluid LLC, Akzonobel, Ashland, BASF and Others.

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