In 2022, the global drilling fluids market accounted for USD 9.8 billion. This market is estimated to reach USD 16.1 billion in 2032 at a CAGR of 5.2% between 2023 and 2032. The global drilling fluids industry is a highly dynamic & competitive industry that provides vital support to the oil exploration and production sector.
Drilling fluids, or drilling muds, cool and lubricate drill bits, transport cuttings to the surface, and stabilize wellbores during drilling. The global oil & gas market drives demand for these fluids, especially with increased exploration and production activities.
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