Drilling Waste Management Market Is Expected To Grow From Usd 2.80 Billion In 2024 To Usd 3.08 Billion By 2021, At A Cagr Of 3.0%
Europe holds the second largest position, in terms of revenue, in the global drilling waste management market. The market is driven by growing exploration activities, supportive regulations, and increasing awareness towards environmental pollution. Environmental regulations such as zero discharge policy in the offshore region drives the market growth. The used drilling mud is considered as a kind of mining waste, thus, it is subjected to 20/2006/EC mining waste directive, as per European legislation. The drilling mud cannot be disposed on landfill facility and can be re-injected into underground strata.
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The Drilling Waste Management Market report provides a comprehensive analysis of key market trends in the Drilling Waste Management Market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.
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Major players operating in the Drilling Waste Management market are Halliburton Co., Weatherford International Ltd., National Oilwell Varco, Inc., Xi’an Kosun Machinery Co., Ltd., Tervita Corporation, TWMA Ltd., Step Oiltools, Soli-Bond, Inc. Specialty Drilling Fluids Ltd., Soiltech, Scomi Group BHD, Secure Energy Services, Inc., Schlumberger Ltd., Nuverra Environmental Solutions, Ridgeline Canada, Inc., Newalta, Hebei Gn, Solids Control Co. Ltd., Imdex Limited, Baker Hughes, Inc., Derrick Equipment Company, and Augean PLC
This report surveys the Drilling Waste Management market and analyzes and surveys development status and forecasts in five different regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Drilling waste management is a constituent of successful operation activities related to E&P operations, which is essential for effective drilling and production operation and for environmental protection. The waste streams from drilling includes drilling fluids, cuttings, and interfacial mixtures. Large E&P (Exploration & Production) activities, growing environmental concerns, and stringent government regulations are some of the factors which is expected to fuel growth of the drilling waste management market during the forecast period. The discovery of deep-water hydrocarbon reserves created several opportunities for the oil and gas manufacturers, supporting the growth of market. However, slump in crude oil prices hamper the market growth.
Hence, The research study focuses on key growth opportunities and market trends separately from important market dynamics including market drivers and challenges. With the help of this report, stakeholders will be able to adapt to changes in the Drilling Waste Management industry and secure a strong market position in the years to come. The report offers market development statistics, a list of curated key players, in-depth regional analysis, and extensive market segmentation studies to provide a complete understanding of the global Drilling Waste Management market. The Global Drilling Waste Management Market Report also provides precise intelligence that prepares market players to compete well with their most powerful competitors on the basis of growth, sales, and other important factors.
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