The Report “Asia Pacific Drilling Waste Management Market by Services (Solid Control, Containment & Handling, Treatment & Disposal), By Application (Onshore & Offshore ), By Countries - Regional Trend & Forecast to 2019” is estimated to reach $877.9 million by 2019, at a CAGR of 2.4% from 2014 to 2019.
Browse through the TOC of the Asia Pacific Drilling Waste Management Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Oil & gas drilling processes result in large amounts of toxic wastes that can be harmful to humans as well as the environment. These wastes need to be effectively treated and disposed to minimize the harmful impacts on the environment. The rapidly-growing demand for energy in the region has led to the dramatic increase in oil & gas exploration activities, which have thereby increased the environmental concerns in the region. The growing environmental concerns, the increasing capital expenditure by E&P companies, and technological developments are among the key factors driving the growth of the Asia-Pacific drilling waste management market.
Major national oil companies such as Petrochina and Sinopec of China are increasing their capex so as to enhance their offshore exploration activities, along with the onshore activities. The E&P spending in India, Thailand, and Australia have been increasing significantly, in recent years. In 2014, 41.0% of the Asia-Pacific drilling waste management market was contributed by the market segment in China, followed by the segment in Thailand (with a share of 9.2%).
The report has segmented the Asia-Pacific market in terms of application, service, and country. The major services of the drilling waste management market are solids control, containment & handling, and treatment & disposal. Moreover, based on application, the market has been segmented into offshore and onshore. In Asia-Pacific, the onshore application segment held the largest share of 89% of the overall market in 2013. The major companies operating in the Asia-Pacific market are Schlumberger Ltd. (U.S.), Weatherford International (Ireland), Halliburton (U.S.), and Baker Hughes (U.S.), among others. China, Australia, Thailand, India, Indonesia, and Malaysia, among others are the main countries covered in the report.
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