Market Overview

Global Drilling Waste Management Market 2018-2022 | Increase in Oil Rig Count to Boost Demand | Technavio

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Technavio
analysts forecast the global drilling waste management market to grow at
a CAGR of over 4% during the forecast period, according to their
latest market research report.

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Technavio has published a new market research report on the global drilling waste management market  ...

Technavio has published a new market research report on the global drilling waste management market from 2018-2022. (Graphic: Business Wire)

The rising investments in shale gas is one of the major trends being
witnessed in the global
drilling waste management market 2018-2022
. Shale is a
sedimentary rock formation with natural gas trapped inside. These
formations have fine grains and are good sources for obtaining petroleum
and natural gas. Shale has low permeability, and it ensures that the gas
is not lost through the cracks of the rock. Horizontal drilling and
hydraulic fracturing are the techniques used to harness shale gas. This
process involves the application of pressure on the shale rock by using
a combination of sand, water, and detergents to fracture the rock and
allow the gas to rise to the surface.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global drilling waste management market is the
increase in oil rig count:

Global drilling waste management market:
Increase in oil rig count

Various drilling and production projects that were planned were kept on
hold until the oil prices stabilized. Several exploration and drilling
projects across the world were canceled due to these variations in
prices. During 2014, the global rig count was high. A decline in the
number of active rigs started post 2014 with a sharp decline in 2015 and
2016 during which the crude oil prices reached the rock bottom.

According to a senior analyst at Technavio for research on oil and gas,
"The global rig count reduced at a rate of nearly 14.65% year-over-year
till 2016 and kept declining till mid-year of 2017. After this period,
crude oil prices started recovering gradually, along with a rise in the
rig count. This was due to a gradual increase in onshore and offshore
drilling projects due to a relative increase in profit margins for oil
and gas companies."

Global drilling waste management market:
Segmentation analysis

The global drilling waste management market research report provides
market segmentation by service type (solid control, treatment,
recycling, recovery, disposal, and containment and handling) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

68% of the incremental growth is expected to originate from the EMEA
region followed by the Americas and APAC with 22% and 10%, respectively.

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Technavio's sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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