Drilling Waste Management Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Drilling Waste Management Market is to grow at healthy 5.64% CAGR by 2023. Global Drilling Waste Management Market by Waste Type (Waste Lubricants, Contaminated water-based muds, Contaminated oil-based muds, Spent Bulk Chemicals), Application type (Onshore, Offshore), Services, Region with Global Industry Forecast to 2023.
Report provides comprehensive market data on Drilling Waste Management industry manufacturers, distributors, suppliers, consulting companies from Drilling Waste Management market and mobility industry, investors, stakeholders, and research organizations.
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Drilling Waste Management Key Players Analyzed in Report:
The major market players identified by MRFR in the global market are Halliburton Company (U.S), Baker Hughes, a GE company (U.S), Schlumberger Limited (France), National Oilwell Varco, Inc. (U.S), Weatherford International PLC (U.S), and Newalta Corporation (Canada). Secure Energy Services, Inc. (Canada), Hebei Gn Solids Control Co. Ltd. (China), Augean PLC. (U.K), Derrick Equipment Company (U.S), Specialty Drilling Fluids Ltd.(U.S), Ridgeline Canada, Inc.(Canada), and Tervita Corporation (Canada) are among others.
According to the detailed report published by Market Research Future (MRFR), the global market is slated to attain a considerable market valuation at a moderate 5.64% CAGR over the review period.
Drivers and Restraints
Oil is one of the essential natural resources. The production of oil from oil wells usually adds to drilling waste, which incidentally is a significant source of pollution. The oil production process produces many types of wastes, which can have severe impacts on the environment and considerable oil players are continuously looking into ways of disposing of these wastes. As technology evolved, there have been substantial developments in drilling waste management technologies. Lesser waste generation technologies such as slim-hole drilling, coil-tubing drilling, directional drilling, and pneumatic drilling have been adopted over the last few decades, but standard drilling operations still exist in many locations. On the other hand, all projects involved in oil & gas supply chain such as production, oil & gas exploration, storage, and transportation include the generation of waste and has potential risk to the environment.
The market for drilling waste management is segmented on the basis of waste type as contaminated water-based muds, waste lubricants, contaminated oil-based muds, spent bulk chemicals, and others. Most of these waste types have potential environmentally harmful constituents such as heavy metals, organics, aromatic hydrocarbons, inorganic salts. These materials have the capability to impact the environment adversely.
On the other hand, the market for drilling waste management is bifurcated on the basis of application as onshore and offshore. In offshore applications, there are limited options for drilling waste management as there are strict environmental standards and regulations, which force drilling operators to transport the drilling waste to land-based facilities for disposal and treatment. Based on the application, the offshore drilling waste management is poised to command the largest market share with strict regulations governing the deepwater and ultra-deepwater drilling activities. on the other hand, onshore operators have a broad variety of drilling waste management options accessible to them, and the selection of disposal method is based on the areas of functionality.
The drilling waste management market is segmented by service type, which consists of treatment & disposal, solids control, and containment & handling services. Most of the drilling waste management services fall under treatment & disposal services, which has the most significant market share and includes processes such as land farming, onsite burial (pits and landfills), land spreading, thermal treatment, bioremediation, and slurry injection among others. On the other hand, robust control services are occupying the second largest market share.
The geographical analysis of the global market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa.)
North America and Europe regions are predicted to be the major markets for the global drilling waste management market over the assessment period. This is majorly because an increasing number of oil drilling projects are happening in these regions specifically, in the North American region, shale gas development drilling activities are rising with the development in drilling technologies, such as vertical drilling and horizontal drilling. The European region is the second-largest growing market with countries such as Russia are investing heavily in Arctic drilling activities.
Table Of Content
1. Executive Summary
2. Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3. Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Supply Chain Analysis
4. Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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