Key Factors to Fuel Growth of the Drilling Waste Management Market through 2025Posted by Vakhas on April 24th, 2019 San Francisco, United States, 2019-April-24 – The global drilling waste management market is expected to reach USD 7.13 billion by 2025, according to a new report by Grand View Research, Inc. Growing ecological awareness towards effective treatment and disposal of drilling wastes coupled with strict regulations to enforce the laws will boost the market growth. Increasing drilling activity for natural gas exploration along with growing construction sites for residential and commercial spaces is predicted to drive the global drilling waste management market over the forecast timeframe. Applications of the market include onshore and offshore drilling wastes. Onshore application segment is the dominant sub-segment of the market, while the offshore application is predicted to witness significant growth by 2025. North America leads the onshore application segment owing to the unprecedented domestic production levels crude oil, largely due to the wide adoption of innovative technologies including hydraulic fracturing and horizontal drilling, signalling the onset of a shale revolution. The drilling waste management market is also segmented based on services, including treatment & disposal, containment & handling, and solids control. In 2016, Treatment & disposal accounted for 39.2% of the market share, largely owing to onsite burial sites including landfills and pits, land-spreading, land-farming, incineration & thermal treatment, slurry injection and bioremediation. Treatment & disposal services are chiefly dominant in Europe and North America owing to increasingly strict regulations including zero-discharge standards that direct drilling companies to effectively treat and reuse all drilling waste generated, and forbid any dumping, especially in water bodies like rivers or seas. Global drilling waste management market revenue, by service, 2014 - 2025 (USD Billion) Further key findings from the report suggest:
Grand View Research has segmented the global drilling waste management market on the basis of product and region: Technology Outlook (Revenue, USD Billion, 2014 - 2025)
ApplicationTypeOutlook (Revenue, USD Billion, 2014 - 2025)
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/drilling-waste-management-market About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Like it? Share it!More by this author |