Global Drilling Chemicals Market is estimated to be valued at USD 14,157.2 Mn in 2025 and is expected to reach USD 21,147. Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 14,157.2 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.90%
2032 Value Projection:
USD 21,147. Mn
Figure. Drilling Chemicals Market Share (%), By Region 2025
Drilling chemicals are also called drilling muds which are heavy, viscous fluid mixture that is used in oil and gas drilling operations to carry rock cuttings to the surface and also to lubricate and cool the drill bit. Drilling chemicals find application in simpler bore holes such as water wells and metal and mineral extraction. Depending on the application, drilling chemicals are classified into onshore and offshore chemicals. Therefore, increasing demand for drilling chemicals is expected to boost the drilling chemicals market growth over the forecast period.
Market Dynamics
Among applications, the onshore drilling segment is expected to witness a significant market share in the global drilling chemicals market. In 2021, the segment accounted for around 70.0% share of the global drilling chemicals market in terms of revenue. The onshore oil and natural gas industry continue to evolve, developing best practices and improving well designs. This evolution resulted in reduced drilling and completion times, lower total well costs, and increased well performance.
Asia Pacific is expected to emerge as one of the potential areas for investment by the end of 2032. This is owing to the significant growth of the oil and gas industry in India and China. According to India Brand Equity Foundation, the oil and natural gas industry in India is expected to attract US$ 25 billion investment in exploration and production projects by 2022.
Key features of the study:
This report provides in-depth analysis of drilling chemicals market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2025 - 2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global drilling chemicals market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Anchor Drilling Fluids Inc., MB Holding Company LLC, Tetra Technologies Inc., International Drilling Fluids and Engineering Services (Idec) Ltd., Canadian Energy Services Inc., Weatherford International Ltd., Global Fluids & Chemical Co., Baker Hughes, Newpark Drilling Fluids LLC., Diamoco Group, M-I SWACO, Schlumberger, Oren Hydrocarbons, and Halliburton
Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global drilling chemicals market report caters to various stakeholders in this industry including investors, suppliers, drilling chemicals manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the drilling chemicals market
Detailed Segmentation:
By Chemicals:
Dispersants & Deflocculants
Clean Up Chemicals
Shale Stabilizers
Drilling Mud Defoamers and Foaming Agents
Drilling Mud Lubricants
Drilling Mud Surfactants
Spotting Fluids
Fluid Loss Control Additives
Loss Circulation Material
Emulsifiers for Water-based and Oil-based Systems
Drilling Polymers
Weight Materials
Corrosion Inhibitor
Scavengers & Biocides
Viscosifiers
Adhesives & Sealants
Commercial Chemicals
By Fluid Type:
Oil-based Fluids
Water-based Fluids
Synthetic-based Drilling Fluids
Pneumatic Drilling fluids
By Application:
Onshore Drilling
Offshore Drilling
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
Anchor Drilling Fluids Inc.
MB Holding Company LLC
Tetra Technologies Inc.
International Drilling Fluids and Engineering Services (Idec) Ltd.
Canadian Energy Services Inc.
Weatherford International Ltd.
Global Fluids & Chemical Co.
Baker Hughes
Newpark Drilling Fluids LLC
Diamoco Group
M-I SWACO
Schlumberger
Oren Hydrocarbons
Halliburton
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Fluid Type
Market Snapshot, By Chemicals
Market Snapshot, By End User
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Porter's Analysis
Industry Trends
Key Highlights
Epidemiology
Reimbursement Scenario
Regulatory Scenario
Product Launches and Approvals
Acquisition and Collaboration Scenario
4. Global Drilling Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic
Overall Impact
Government Initiatives
COVID-19 impact on the market
5. Global Drilling Chemicals Market, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Oil-based Fluids
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Water-based Fluids
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Synthetic-based Drilling Fluids
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
6. Global Drilling Chemicals Market, By Chemicals, 2020 - 2032, (USD Mn & KT)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Dispersants & Deflocculants
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Clean Up Chemicals
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Shale Stabilizers
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Drilling Mud Defoamers and Foaming Agents
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Drilling Mud Lubricants
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Drilling Mud Surfactants
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Spotting Fluids
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Fluid Loss Control Additives
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Loss Circulation Material
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
7. Global Drilling Chemicals Market, By Application, 2020 - 2032, (USD Mn & KT)
Overview
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Onshore
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
Offshore
Overview
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn & KT)
8. Global Drilling Chemicals Market, By Region, 2020 - 2032, (USD Mn & KT)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021-2032
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (USD Mn & KT)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (USD Mn & KT)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (USD Mn & KT)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (USD Mn & KT)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Fluid Type, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Chemicals, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020 - 2032, (USD Mn & KT)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (USD Mn & KT)