According to a new market report published by Credence Research “Global Drilling Fluids Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Drilling Fluids Market is expected to reach US$ 11.2 Bn by 2023, expanding at a CAGR of 5.1% during the forecast period (2016-2023).
Browse the full Global Drilling Fluids Market by Product Type, Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/drilling-fluids-market
Drilling Fluids refers to the liquid and gaseous fluid or mixtures of fluids and solids used in drilling operations. They are widely used to provide lubrication, cooling to the drill bit, remove cuttings from the well, control formation pressure, seal permeable formations, and maintain wellbore stability in drilling operation for extraction of hydrocarbons from the earth surface. Drilling fluids are also known as drilling mud. Drilling fluids are generally