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Drilling Polymers Market Size, Share & Trends Analysis Report By Technique (DTH Drills, Diamond Drilling, Top Hammer Drilling), By End-Use (Oil & Gas, Mining, Construction), By Type, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 80 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5831018
Description Jump to:
The global drilling polymers market size is expected to reach USD 2,705.4 million by 2030, registering a CAGR of 3.5% over the forecast period,. The industry growth is majorly driven by the increasing demand from end-use industries, such as mining, construction, oil & gas, and geothermal. Drilling polymers are chemical additives that are mixed with water or oil to improve the efficiency and effectiveness of drilling operations in the oil and gas industry. These polymers are added to the drilling fluid to enhance its viscosity, stability, and carrying capacity, which helps reduce friction between the drill bit & the borehole, increase penetration rates, and protect the equipment from wear & damage.

These are available in a range of types and formulations to meet specific requirements and are used extensively in various phases of drilling, completion, workover, and production of oil and gas wells. One of the key benefits of using the product is its ability to reduce viscosity and improve the flow rate of the drilling fluid. This makes it easier for the fluids to penetrate rock formations, reducing the amount of time and energy required to drill through them. In addition, the product can help minimize the formation of scale and slime in the wellbore, reducing the risk of formation damage and improving overall well performance. The diamond drilling technique segment dominated the global market with a revenue share of over 22% in 2022.

This is attributed to the fact that diamond bits are capable of efficiently drilling through hard and abrasive materials, including rock formations, without losing their sharpness or integrity. This makes them ideal for exploratory, geotechnical engineering, and mineral exploration applications. Asia Pacific dominated the global industry with a revenue share of around 39% in 2022. This growth is due to the growing mining and construction activities in the region. For instance, according to the India Brand Equity Foundation, the mineral demand in India is anticipated to increase by 3% and steel by 10% in 2023 due to the government’s focus on infrastructural development and the overall economic growth of the country.

Drilling Polymers Market Report Highlights

  • The global market is estimated to advance with a CAGR of 3.5% from 2023 to 2030 due to the increasing oil & gas exploration and metal & mineral mining activities across the globe
  • The polyacrylamide type segment dominated the market with a revenue share of over 69% in 2022. This growth is attributed to its ability to improve the viscosity and stability of the drilling fluid, enhance its carrying capacity, and reduce friction between the drill bit and the borehole
  • Polyacrylamide is a water-soluble polymer that readily binds with water molecules, forming a gel-like substance that can effectively carry drill cuttings to the surface and minimize damage to the drilling equipment
  • In addition, it is adaptable to different types of drilling operations and reservoir conditions, making it a versatile and commonly used polymer
  • The oil & gas end-use segment dominated the industry in 2022 with a revenue share of 35.9%. This growth is due to the high demand for oil & gas owing to rapid industrialization and urbanization, which resulted in a rise in drilling activities in the oil & gas industry

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.6.1 Research Scope And Assumptions
1.6.2 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Drilling Polymers Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Analysis
3.2.2 Technology Trends Analysis
3.2.3 Sales Channel Analysis
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Restraint Analysis
3.4.3 Market Challenge Analysis
3.4.4 Market Opportunity Analysis
3.5 Price Trend Analysis, 2018 - 2030
3.6 Business Environment Analysis
3.6.1 Industry Analysis - Porter
3.6.2 Pestel Analysis
Chapter 4 Drilling Polymers Market: Type Estimates & Trend Analysis
4.1 Type Movement Analysis & Market Share, 2022 & 2030
4.1.1 Polyacrylamide
4.1.1.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Polyacrylamide, 2018 - 2030 (Kilo Tons) (USD Million)
4.1.2 Others
4.1.2.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Others, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5 Drilling Polymers Market: Technique Estimates & Trend Analysis
5.1 Technique Movement Analysis & Market Share, 2022 & 2030
5.1.1 Down The Hole Drills (DTH)/ Rotary Air Blast Drilling (RAB)
5.1.1.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Down The Hole Drills (DTH)/ Rotary Air Blast Drilling (RAB), 2018 - 2030 (Kilo Tons) (USD Million)
5.1.2 Diamond Drilling
5.1.2.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Diamond Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
5.1.3 Top Hammer Drilling
5.1.3.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Top Hammer Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
5.1.4 Reverse Circulation Drilling
5.1.4.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Reverse Circulation Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
5.1.5 Other Techniques
5.1.5.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Other Techniques, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6 Drilling Polymers Market: End - Use Estimates & Trend Analysis
6.1 End - Use Movement Analysis & Market Share, 2022 & 2030
6.1.1 Mining
6.1.1.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Mining, 2018 - 2030 (Kilo Tons) (USD Million)
6.1.2 Oil & Gas
6.1.2.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Oil & Gas, 2018 - 2030 (Kilo Tons) (USD Million)
6.1.3 Construction
6.1.3.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Construction, 2018 - 2030 (Kilo Tons) (USD Million)
6.1.4 Other End - Use
6.1.4.1 Drilling Polymers Market Estimates & Forecast And Trend Analysis, By Other End - Use, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7 Drilling Polymers Market: Regional Estimates & Trend Analysis
7.1 Drilling Polymers Market: Regional Outlook
7.2 North America
7.2.1 North America Drilling Polymers Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.2 U.S.
7.2.2.1 Key Country Dynamics
7.2.2.2 U.S. Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.3 Canada
7.2.3.1 Key Country Dynamics
7.2.3.2 Canada Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.4 Mexico
7.2.4.1 Key Country Dynamics
7.2.4.2 Mexico Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.3 Europe
7.3.1 Europe Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.3.2 Germany
7.3.2.1 Key Country Dynamics
7.3.2.2 Germany Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.3.3 France
7.3.3.1 Key Country Dynamics
7.3.3.2 France Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.3.4 UK
7.3.4.1 Key Country Dynamics
7.3.4.2 Uk Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.3.5 Italy
7.3.5.1 Key Country Dynamics
7.3.5.2 Italy Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.3.6 Spain
7.3.6.1 Key Country Dynamics
7.3.6.2 Spain Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.4.2 China
7.4.2.1 Key Country Dynamics
7.4.2.2 China Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.4.3 Japan
7.4.3.1 Key Country Dynamics
7.4.3.2 Japan Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.4.4 India
7.4.4.1 Key Country Dynamics
7.4.4.2 India Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.4.5 South Korea
7.4.5.1 Key Country Dynamics
7.4.5.2 South Korea Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.5 Central & South America
7.5.1 Central & South America Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.5.2 Brazil
7.5.2.1 Key Country Dynamics
7.5.2.2 Brazil Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.5.3 Argentina
7.5.3.1 Key Country Dynamics
7.5.3.2 Argentina Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
7.6.2 Saudi Arabia
7.6.2.1 Key Country Dynamics
7.6.2.2 Saudi Arabia Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
7.6.3 South Africa
7.6.3.1 Key Country Dynamics
7.6.3.2 Uae Drilling Polymers Market Estimates & Forecasts And Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 8 Drilling Polymers Market - Competitive Landscape
8.1 Company Categorization
8.2 Financial Performance
8.3 Product Benchmarking
8.4 Company Heat Map Analysis
8.5 List Of Key End - Users
8.6 Strategy Mapping
8.6.1 Expansion
8.6.2 Mergers & Acquisitions
8.6.3 Partnership
8.6.4 Research & Development
8.7 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
8.7.1 SINO MUD
8.7.2 Baroid Industrial Drilling Products
8.7.3 Baker Hughes, Inc.
8.7.4 Halliburton, Inc.
8.7.5 Chevron Corporation
8.7.6 Schlumberger Limited
8.7.7 Global Drilling Fluids and Chemicals Limited
8.7.8 Global Envirotech
8.7.9 Di - Corp
List of Tables
Table 1 U.S. macro-economic outlay
Table 2 Canada macro-economic outlay
Table 3 Mexico macro-economic outlay
Table 4 Germany macro-economic outlay
Table 5 France macro-economic outlay
Table 6 UK macro-economic outlay
Table 7 Italy macro-economic outlay
Table 8 Spain macro-economic outlay
Table 9 China macro-economic outlay
Table 10 Japan macro-economic outlay
Table 11 India macro-economic outlay
Table 12 South Korea macro-economic outlay
Table 13 Brazil macro-economic outlay
Table 14 Argentina macro-economic outlay
Table 15 Saudi Arabia macro-economic outlay
Table 16 South Africa macro-economic outlay
Table 17 Company Listing
Table 18 Financial Performance
Table 19 Product Benchmarking
Table 20 Company Heat Map Analysis
Table 21 List of Key End-users
List of Figures
Fig. 1 Drilling Polymers Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market Formulation And Validation
Fig. 5 Data validating & publishing
Fig. 6 Drilling Polymers Market Snapshot
Fig. 7 Drilling Polymers Market Segment Snapshot, 2022 (USD Million)
Fig. 8 Drilling Polymers Market: Competitive Landscape Snapshot
Fig. 9 Drilling Polymers Value Chain Analysis
Fig. 10 Drilling Polymers Market Dynamics
Fig 11 PORTER’S Analysis
Fig. 12 PESTEL Analysis
Fig. 13 Drilling Polymers Market Estimate & Forecast and Trend Analysis, by Type, Key Takeaways
Fig. 14 Drilling Polymers Market Estimates & Forecast and Trend Analysis, by Type, Market Share 2022 & 2030
Fig. 15 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Polyacrylamide, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 16 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Others, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 17 Drilling Polymers Market Estimate & Forecast and Trend Analysis, by Technique, Key Takeaways
Fig. 18 Drilling Polymers Market Estimates & Forecast and Trend Analysis, by Technique, Market Share 2022 & 2030
Fig. 19 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Down The Hole Drills (DTH)/ Rotary Air Blast Drilling (RAB), 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 20 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Diamond Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 21 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Top Hammer Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 22 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Reverse Circulation Drilling, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 23 Drilling Polymers Market Estimates & Forecast and Trend Analysis, By Others (Auger Drill, Calyx Drill, Rotary Drill), 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 24 Drilling Polymers Market Estimate & Forecast and Trend Analysis, by End - Use, Key Takeaways
Fig. 25 Drilling Polymers Market Estimates & Forecast and Trend Analysis, by End - Use, Market Share 2022 & 2030
Fig. 26 Drilling Polymers Market Estimates & Forecast and Trend Analysis, In Mining, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 27 Drilling Polymers Market Estimates & Forecast and Trend Analysis, In Oil & Gas, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 28 Drilling Polymers Market Estimates & Forecast and Trend Analysis, In Construction, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 29 Drilling Polymers Market Estimates & Forecast and Trend Analysis, In Other End - Use, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 30 Drilling Polymers Market Revenue, By Region, (USD Million)
Fig. 31 North America Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 32 U.S. Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 33 Canada Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 34 Mexico Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 35 Europe Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 36 Germany Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 37 France Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 38 UK Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 39 Italy Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 40 Spain Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 41 Asia Pacific Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 42 China Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 43 Japan Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 44 India Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 45 South Korea Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 46 Central & South America Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 47 Brazil Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 48 Argentina Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 49 Middle East & Africa Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 50 Saudi Arabia Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 51 South Africa Drilling Polymers Market Estimates & Forecast and Trend Analysis, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 52 Company Categorization
Fig. 53 Strategy Mapping

Companies Mentioned

  • SINO MUD
  • Baroid Industrial Drilling Products
  • Baker Hughes, Inc.
  • Halliburton, Inc.
  • Chevron Corporation
  • Schlumberger Limited
  • Global Drilling Fluids and Chemicals Limited
  • Global Envirotech
  • Di - Corp

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedMay 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2050.4 Million
Forecasted Market Value ( USD ) by 2030 $ 2705.4 Million
Compound Annual Growth Rate3.5%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Drilling Polymers Market

The Drilling Polymers market is a subset of the Plastics industry. It is composed of polymers used in the drilling process, such as polyvinyl chloride (PVC), polyethylene (PE), and polypropylene (PP). These polymers are used to create pipes, fittings, and other components for the drilling process. They are also used to create protective coatings for the drill bit and other components. The polymers are designed to be resistant to corrosion, abrasion, and other environmental factors. The Drilling Polymers market is driven by the need for efficient and cost-effective drilling operations. The polymers are used to reduce the cost of drilling operations and to increase the efficiency of the process. Some companies in the Drilling Polymers market include Chevron Phillips Chemical Company, Dow Chemical Company, ExxonMobil Chemical Company, and LyondellBasell Industries. Show Less Read more

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