Weighting agents are the additives which are added to the drilling fluids to increase the fluid density. As a result, the formation pressure is controlled, the formation caving is inhibited and the pulling of dry pipe is eased. Weighting agents are finely powdered solid. The use of weighting agent is to overbalance the fluid pressure during drilling operation which helps in preventing the fluid from exerting the hydrostatic pressure on the exposed oil and gas reserves.
This report contains market size and forecasts of Weighting Agents in global, including the following market information:
Global Weighting Agents Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Weighting Agents Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Weighting Agents companies in 2021 (%)
The global Weighting Agents market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Barite Weighting Agents Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Weighting Agents include Baroid Industrial Drilling Products, Schlumberger, Elkem ASA, Global Drilling Fluids and Chemicals, BHGE, Carmeuse, Imdex, Di-Corp and Newpark Resources, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Weighting Agents manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Weighting Agents Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Weighting Agents Market Segment Percentages, by Type, 2021 (%)
Barite Weighting Agents
Hematite Weighting Agents
Calcium Carbonate Weighting Agents
Siderite Weighting Agents
Ilmenite Weighting Agents
Others
Global Weighting Agents Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Weighting Agents Market Segment Percentages, by Application, 2021 (%)
Invert Emulsion
Water Base Drilling Fluids
Completion Fluids
Others
Global Weighting Agents Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Weighting Agents Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Weighting Agents revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Weighting Agents revenues share in global market, 2021 (%)
Key companies Weighting Agents sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Weighting Agents sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baroid Industrial Drilling Products
Schlumberger
Elkem ASA
Global Drilling Fluids and Chemicals
BHGE
Carmeuse
Imdex
Di-Corp
Newpark Resources
Geos
United Mud-Chem