Drilling Waste Management Market- Insights, Size, Share, Opportunity Analysis

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Drilling Waste Management Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Drilling Waste Management Market Overview
Drilling waste management is a constituent of
successful operation activities related to EP
operations, which is essential for effective
drilling and production operation and for
environmental protection. The waste streams from
drilling includes drilling fluids, cuttings, and
interfacial mixtures. Large EP (Exploration
Production) activities, growing environmental
concerns, and stringent government regulations
are some of the factors which is expected to fuel
growth of the drilling waste management market
during the forecast period. The discovery of
deep-water hydrocarbon reserves created several
opportunities for the oil and gas manufacturers,
supporting the growth of market. However, slump
in crude oil prices hamper the market
growth. Drilling waste management is classified
on the basis of service type such as solid
control, treatment disposal, containment
handling, and others. Among service type,
treatment and disposal service segment accounted
for largest share in drilling waste management
market. This is mainly owing to the onsite burial
sites which include landfill and pits, land
farming, land spreading, slurry injection,
thermal treatment, and bioremediation. The solid
control segment is expected to witness
significant growth, owing to the efficiency of
the process. This service segment is used to
remove unwanted solids such as drill cuttings
from drilling fluid, removes gases, and other
contaminants in the mud, providing maximum
recovery for re-use of drilling fluids. Drilling
waste management is also classified on the basis
of application such as onshore and offshore.
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REPORT DESCRIPTION
North America holds a dominant position in the
global drilling waste management market, with
36.40 market share. This is due to various
drilling activities produced by the increase of
the shale gas. The U.S. Shale Revolution
significantly increases its oil and gas
production, one of the biggest event for oil
gas industry. The regulations in the U.S. promote
the development of oil gas, providing a stable
process. The stabilization of oil prices may
result in increasing drilling activities in North
America, which in turn, drives the market
growth. Europe holds the second largest
position, in terms of revenue, in the global
drilling waste management market. The market is
driven by growing exploration activities,
supportive regulations, and increasing awareness
towards environmental pollution. Environmental
regulations such as zero discharge policy in the
offshore region drives the market growth. The
used drilling mud is considered as a kind of
mining waste, thus, it is subjected to 20/2006/EC
mining waste directive, as per European
legislation. The drilling mud cannot be disposed
on landfill facility and can be re-injected into
underground strata. Request sample Copy of
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REPORT DESCRIPTION
Latin America is anticipated to be the fastest
growing market for baby food, witnessing highest
CAGR of 7.21 during the forecast period (2017 -
2025). In 2016, Brazil dominated the baby food
market and was followed by Mexico and Argentina.
According to the Coherent Market Insights, Brazil
has the largest child population in the region
and recorded a continuous increase in crude birth
rate since 2009. The major factors propelling the
growth of baby food market in Latin America,
include the steadily developing primary and
secondary health care applied to marginal urban
and rural population. This in turn, reducing the
infant mortality in Latin America and thereby
contributing in the overall growth of this market
in the region. According to the National Center
for Biotechnology Information (NCBI), the numbers
of deaths under age five years declined fastest
in Latin America between 2000 and 2015. Major
companies operating in the global baby food
market include Nestle S.A., Groupe Danone, Abbott
Laboratories, Hain Celestial Group, Kraft Heinz
Company, Bristol-Myers Squibb, Hero Group,
Morinaga Milk Industry Co. Ltd., and Cargill
Inc. To Get Discount on this Report
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