Drilling Waste Management Market Global Forecast To 2020- Key Manufacturers and Competitive Landscape Analysis

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Drilling Waste Management Market categories the
Global Market by Service, Application Region -
Global Forecast to 2020
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Drilling Waste Management Market by Service
(Treatment Disposal, Containment Handling,
Solids Control), Application (Onshore
Offshore), Region (North America, Europe,
Asia-Pacific, South America, Middle East,
Africa) - Global Forecast to 2020 The drilling
waste management market is estimated to grow at a
CAGR of 6.0 from 2015 to 2020, and is expected
to reach USD 5.08 Billion by 2020. The market is
driven by rising demand for oil gas, which is
met by increasing investments in emerging
economies with proven oil gas reserves,
preferably in deepwater ultra-deepwater
locations. PDF Brochure https//www.marketsan
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In the drilling waste management market by
application, onshore occupies the lions share and
offshore is expected to grow at the highest
pace. The drilling waste management market is
subsegmented by application into onshore and
offshore. The onshore application segment
occupies the major share of the market and the
offshore application segment is estimated to see
high growth rate during the forecast period. The
onshore application segment of drilling waste
management is led by North America, particularly
the U.S., which has witnessed historic levels of
domestic crude oil production owing to the
widespread use of technologies such as horizontal
drilling and hydraulic fracturing that enabled
the shale revolution. Request for
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Treatment disposal services are estimated to
drive the drilling waste management market with
the highest growth rate. On the basis of
services, the following are the subsegments,
namely, treatment disposal, solids control, and
containment handling. Out of the mentioned,
treatment disposal occupies the major share,
which is due to the onsite burial (pits and
landfills), land-farming, land-spreading,
bioremediation, thermal treatment, and slurry
injection techniques. The market for treatment
disposal service would be particularly driven by
North America and Europe, due to growing
stringent regulations, such as zero-discharge
standards, which mandate treatment and reuse of
all waste without being discharged to the
environment, specifically into the
sea. Request Sample _at_ https//www.marketsandmar
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North America is estimated to be the global
leader in the drilling waste management market by
value for the next 5 years. The North American
region has been categorized on the basis of
countries into the U.S., Canada, and Mexico. The
region accounts for more than half of the market.
The market has been hit the hardest due to the
meltdown in global crude oil prices, with the
U.S. drilling rig count declining nearly 60,
from January 2015 to January 2016. The primary
reason for this is the higher break-even costs in
shale drilling and production, forcing producers
to idle more rigs in face of lower prices
compared with drillers in other regions with
lower production costs, such as the Middle
East. Speak to analyst _at_ https//www.marketsand
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