Drilling Waste Management Market Is Expected To Grow At A CAGR Of 14 % By 2018 : Radiant Insights,Inc

RadiantInsights.com has announced the addition of "Drilling Waste Management Market Trends, Growth And Forecast Report Up To 2018 : Radiant Insights, Inc" Market Research Report to their Database.

Drilling waste management can help decrease the ecological impact of gas and oil drilling. It focuses on both cost-effectiveness and ecological safety by recycling the utilizable waste from drilling. The very first stage of this process is to separate solid wastes from the drilling fluids. After this, a lot of practices and technologies are followed to manage all the waste generated from drilling. The drilling waste management market is expected to grow at a healthy CAGR of over 14 % during the estimated period (from 2013 to 2018).

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On the basis of applications, the global market for drilling waste management is further divided into offshore and onshore. The onshore application sector holds the biggest market share. The offshore application sector is expected to witness a rapid growth over the estimated years. The onshore application sector is dominated by North America, specifically the United States, which has experienced historic levels of the production of domestic crude oil.

Based on the services, the market is categorized as solids control, containment & handling, and treatment & disposal. Among all these sectors, the treatment & disposal sector holds the largest market share, on account of the land-farming, onsite burial (pits & landfills), land-spreading, thermal treatment, slurry injection techniques, and bioremediation. The treatment & disposal service sector is expected to be driven by the European and North American regions. This can be attributed to the rising strict regulations, e. g. zero-discharge standards, which mandate treatments & reuse of the waste without discharging it into the environment, particularly into the seas.

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Some of the major players in market are Halliburton Co.; Baker Hughes Inc.; and Schlumberger Ltd. In terms of developments, the global drilling waste management market was led by TWMA Group Ltd (United Kingdom); KOSUN Machinery Co., Ltd. (China); Soli-Bond, Inc. (United States); and Ridgeline Canada Inc. (Canada).

This research report provides the basic overview of the global drilling waste management market including its definition, applications, market chain structure, development statuses of the major regional markets, and so on. It also provides detailed information about the leading international players including their company profiles, prices, contact details etc. along with the overall research conclusions.

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