The global drilling chemicals market is estimated to be valued at US$ 11,974.03 million in 2021 and is expected to exhibit a CAGR of 5.67% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Drilling chemicals are substances that are used in the drilling process to enhance the performance of drilling fluids and improve the efficiency of drilling operations. These chemicals play a crucial role in ... Read more
Drilling chemicals are used in oilfield operations to enhance drilling efficiency and maximize productivity. They are used in various applications such as drilling fluid systems, cementing, stimulation, production, workover & completion etc. Some of the key drilling chemicals include biocides, corrosion & scale inhibitors, fluid loss control additives, lubricants, shaker screens, solvents, surfactants and others. These help in removing cuttings, controlling pressure gradients and ... Read more
Drilling chemicals are essential chemicals used during drilling operations to enhance drilling efficiency and wellbore stability. Drilling fluids prevent the walls of boreholes from caving in and cementing helps isolate formation layers. Increasing shale exploration and production activities are driving the demand for drilling chemicals. Drilling chemicals help remove drill cuttings, cool and lubricate drill bits, control pressure, and enhance drilling speed.
