Asia pacific drilling and completion fluid market

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Asia Pacific Drilling and Completion Fluid Market
The Asia Pacific Drilling and Completion Fluid
Market is expected to reach 2,223.5 million by
2019, driven by the increasing drilling
activities in the region.
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2
Asia Pacific Drilling and Completion Fluid Market
Browse through the TOC of Asia-Pacific Drilling
Completion Fluid Market for an analysis of
industry trends, segments and forecasts.
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Asia Pacific Drilling and Completion Fluid Market
The drilling and completion fluid market, by
application in Asia-Pacific is estimated to grow
from 1,633.4 million in 2013 to 2,223.5 million
by 2019, at a CAGR of 4.7 from 2014 to
2019. The increasing energy demand, rise in
population, and the discovery of new shale
reserves are driving oil gas companies to drill
at increased depths in deep and ultra-deep water
areas.
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Asia Pacific Drilling and Completion Fluid Market
The recent increase in oilfield discoveries and
rise in drilling activities, especially for those
focusing on crude oil, has positively impacted
the drilling and completion fluid market in the
Asia-Pacific region. The price trends of crude
oil and natural gas are supporting drilling and
exploration in remote offshore reserves.
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Asia Pacific Drilling and Completion Fluid Market
Asia-Pacific is one of the largest markets for
drilling and completion fluids, due to the
increased exploration and production activities
in the region. China has the maximum number of
shale reserves as compared to other regions in
Asia-Pacific.
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Asia Pacific Drilling and Completion Fluid Market
The Asia-Pacific drilling and completion fluid
market has been segmented and forecast on the
basis of base fluid, application, and
geography. Water-based, oil-based, and
synthetic-based systems are the key types of
drilling and completion fluids, depending on the
type of base fluid used.
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Asia Pacific Drilling and Completion Fluid Market
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