Global Drilling Waste Management Market 2018-2022

Below are some of the key findings from this drilling waste management market research report

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Global drilling waste management industry overview

The consumption of oil and gas is increasing significantly because of the rise in urbanization and industrialization across the world. This will subsequently result in an increase in the consumption of fuel, inducing oil companies to discover greenfield oil wells in new and existing oil fields to meet the growing demand for fuel. This will increase oil and gas upstream activities including the need for drilling waste management. The growing consumption of oil and gas will be one of the major factors that will fuel the drilling waste management market growth in the coming years.

The growing popularity of integrated waste management will be one of the key drilling waste management market trends that will impact growth during the forecast period. The growing need to reduce pollution because of the release of harmful gases and landfills is driving the need for the development of new techniques for solid waste management. Integrated waste management systems maximize recycling of used goods, waste reuse, as well as the sorting and separation of waste collected. The popularity of integrated waste management coupled with the rising consumption of oil and gas will drive drilling waste management market growth at a CAGR of over 4% during 2018-2022.

Top drilling waste management companies covered in this market research report

The global drilling waste management market is fairly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the services offered by companies, this drilling waste management industry analysis report will help clients identify new growth opportunities and design effective growth strategies.

The report offers a complete analysis of various companies including:

• Baker Hughes
• Halliburton
• National Oilwell Varco
• Schlumberger
• Weatherford

Drilling waste management market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies, it has been estimated that EMEA will account for the highest drilling waste management market share throughout the forecast period. The discovery of oil and gas regions in East Africa and the North Sea coupled with the presence of stringent environmental regulations in the region for offshore projects will drive drilling waste management market growth in this region.

Drilling waste management market segmentation based on service type

• Solid control
• Treatment, recycling, recovery, and disposal
• Containment and handling

The solid control market segment will account for the largest drilling waste management market share. The report provides an accurate prediction of the contribution of various service segments to the growth of the drilling waste management market size.

Key highlights of the global drilling waste management market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the drilling waste management market during the next five years
• Precise estimation of the global drilling waste management market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the drilling waste management industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of drilling waste management companies