The report is an illustrative sample demonstrating global Drilling Waste Management Market trends, product category type, and market status. The report will help you understand the various applications of the usage and features of the product. It also covers the present and past market scenarios, and market development patterns, and is likely to proceed with continuing development over the forecast period.

Market Overview:

The drilling waste management market was estimated at USD 4.4 billion in 2022 and is likely to grow at a CAGR of 6.09% during 2023-2028 to reach USD 6.29 billion in 2028.

The major factors driving the drilling waste management market are technological developments enhancing the drilling and production capability, which is helping in exploration and production activities in deep-water and ultra-deep-water areas across the globe.

What is drilling waste management?

Drilling waste management is a process in which the drill cuttings are separated from drilling fluids on the surface by solids equipment and some quantity of unrecoverable drilling fluids. These are the major sources of drilling waste.

Drilling waste management contaminates the drilling fluids for successful drilling operations. It removes solid control equipment that is often reported as drill solids.

What you get in this report–

-        People looking for growth potential with respect to product categories can get all the desired information in this report, along with supporting figures and facts.

-        The report studies various competitive dynamics of the market by profiling key players to gain overall market growth.

-        It also includes a significant amount of analytical data about the impact of these advancements on the future of market growth.

-        The business development trends, and marketing networks are analysed in this study.

NOTE: Our analysts monitoring the market situation across the globe indicate that the market will generate compensable prospects for the manufacturers post COVID-19 crisis.

Market Segmentation -

Based on the service type, the drilling waste management market is segmented as treatment & disposal, containment & handling, and solids control. The treatment & disposal segment dominates the market owing to onsite burials (pits and landfills), land-farming, land-spreading, bioremediation, thermal treatment, and slurry injection techniques. The segment is estimated to lead the market during the forecast period due to increasingly stringent regulations, such as zero-discharge standards, which mandate treatment and reuse of all waste without being discharged to the environment, specifically into the sea.

Based on the application type, the market is segmented as onshore and offshore. The onshore segment holds a major share of the market, whereas the offshore application segment is estimated to show higher growth during the forecast period. The onshore application is led by North America, particularly the U.S., which has witnessed historic levels of domestic crude oil production, owing to the widespread use of technologies, such as horizontal drilling and hydraulic fracturing that led to the “shale revolution.” Onshore applications have a wider range of management, which includes land, underground injection, thermal treatment, and biological remediation in comparison to the offshore application segment.

In terms of regions, North America is estimated to lead the market during the forecast period. The region holds over 50% of the share of the market. The market has been hit the hardest as crude oil prices suddenly plummeted. North America and the Middle East portray an increase in energy demand which boosts oil & gas production. All these factors are contributing to the growth of the market during the forecast period.

The top leading players operating in the market:

The key players in the global Drilling Waste Management Market are –

  • Augean PLC
  • Baker Hughes Incorporated
  • Derrick Equipment Company
  • Halliburton Company
  • Hebei Gn Solids Control Co. Ltd.
  • Imdex Limited
  • Schlumberger Limited
  • Secure Energy Services, Inc.
  • Tervita Corporation
  • Twma Ltd.

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About Us –

Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. This firm possesses a global presence to enable current market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. It also surveys clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.