Drilling Waste Management Market Report

Drilling Waste Management Market Analysis By Application (Offshore, Onshore), By Service (Treatment & Disposal, Solids Control, Containment & Handling), By Region, And Segment Forecasts, 2014 - 2025

Published: September 2017  |  107 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-616-5

Industry Insights

The global drilling waste management market size was valued over USD 4.02 billion in 2016 and is predicted to grow at CAGR of 6.57% by 2025 owing to tightening of global drilling waste management regulations coupled with growing environmental concerns towards effective drilling waste management. Stringent legal regulations towards restricting the proliferation of water and land pollution along with financial benefits offered to augment adoption of effectively manage waste generated is expected to drive the drilling waste management market. However, the current slump in the oil and gas industry has impacted the investment towards the mining and construction sector. Rising ecological awareness in North America and Europe is predicted to boost business growth.

U.S. drilling waste management market revenue, by service, 2014 - 2025 (USD Billion)

U.S. drilling waste management market

Service Insights

Treatment & Disposal is the dominant segment owing to the large-scale penetration as the process has been practiced over the past century. In 2016, Treatment & Disposal contributed 38.18% of the revenues for drilling waste management market.

Solids control segment is predicted to witness growth by 2025 primarily due to the efficiency of the process coupled with the ease of use and adoption. Lastly, Containment & Handling is the newest segment among the services and is expected to register robust growth of 9.18% over the forecast period as the methods of containment and handling have been proven to be the most efficient among the available services.

Application Insights

Onshore application segment is anticipated to be valued at USD 4.98 billion in 2025 as maximum drilling operations are land-based. As per a 2017 World Oil report, global onshore drilling witnessed an increase of 6.1% in 2016, however the offshore application grew at a meagre 1.4%. In 2016, offshore segment was valued at USD 1.01 billion and is expected to witness measured growth largely due to the slowdown in the O&G sector, which is a major contributor to the drilling waste management market.

Global drilling waste management market revenue, by application, 2016 (%)

Global drilling waste management market

Regional Insights

Europe is the global leader with 38.18% of the drilling waste management market. UK and Russia hold the maximum country-level share in the region, although the U.S. holds the largest country level share of the market. Robust legislation and a strong judiciary have effectively enforced the waste management laws in the U.S., which has contributed significantly to growth of the market in the country, and the North American region.

In 2016, Asia Pacific drilling waste management market was the second largest region by revenue, and was valued at USD 0.64 billion. The region is witnessing large scale exploration activity coupled with booming construction business, that is predicted to intensify over the forecast period. These favorable factors will help the Asia Pacific region to emerge as the largest region by 2025. There are huge reserves of natural gas off the coast of India and in China, which will further boost the industry, as demand for natural gas is expected to increase owing to minimal emission levels.

Competitive Insights

Key players in the drilling waste management market include Baker Hughes, Halliburton, Schlumberger, Weatherford, National Oilwell Varco, Scomi, Hebei Gn, Derrick Corporation, Augean PLC, and Ridgeline Canada among others. The market is concentrated with most international companies.

Drilling waste management services providers are ancillary units of larger Oil and Gas corporation. With the new regulations, most companies have set them up with a view to process and dispose wastes generated at their drilling sites, as it is commercially viable and also legally binding to do so.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual /Historical data

2014 and 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, UK, Russia, Norway, China, India, Australia, Brazil, Venezuela, Argentina, Saudi Arabia, UAE, Egypt

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the drilling waste management market on the basis of application, service, and region:

  • Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Onshore

    • Offshore

  • Service Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Treatment & Disposal

    • Solids Control

    • Containment & Handling

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • UK

      • Russia

      • Norway

    • Asia Pacific

      • China

      • India

      • Australia

    • South & Central America

      • Brazil

      • Venezuela

      • Argentina

    • Middle East and Africa

      • Saudi Arabia

      • UAE

      • Egypt

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