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News  ›  GlobeNewswire Inc.

Drilling Fluids Market is expected to generate a revenue of USD 16.59 Billion by 2032, Globally, at 4.36% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research®
Drilling Fluids Market is expected to generate a revenue of USD 16.59 Billion by 2032, Globally, at 4.36% CAGR: Verified Market Research®

The global drilling fluids market is projected to grow at a CAGR of 4.36% from 2026 to 2032, reaching USD 16.59 billion by 2032 from USD 11.79 billion in 2024. Growth is driven by increased offshore and onshore drilling activities, demand for unconventional energy sources like shale gas, and advancements in fluid technology. However, crude oil price volatility, high costs of advanced fluids, and raw material supply constraints pose challenges to market expansion.

Insights
KMB   neutral

Mentioned as a market player without specific growth indicators


BKR   positive

Listed as a major player in the drilling fluids market, positioned to benefit from projected 4.36% CAGR growth through 2032 and increased global drilling activities.