North America Drilling Waste Management Market Is Expected to Reach $2.7 Billion by 2019, at a CAGR of 2.0% From 2014 to 2019

Fort Worth, TX, July 14, 2015 (Newswire.com) - The North America drilling waste management market is estimated to grow at a CAGR of 2.0% in the forecast period. Rise in the exploration and production activities, rising E&P expenditures by the countries, rising environmental concerns, and stringent environmental rules and regulations are some of the key factors that are fueling the growth of the drilling waste management market.

However, fluctuation in crude oil prices and high competition among oil field services industry are some of the key factors hampering the growth of this market.

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The fastest growing market such as Mexico has become attractive for companies engaged in the development and marketing of the drilling waste management services. Rising exploration and production activities, government initiatives to increasing awareness about environment, and increasing market players investments in drilling waste management are the key factors propelling the demand of the drilling waste management in this fastest growing market.   

In 2013, Schlumberger held the leading position in the North American drilling waste management market. Over the past three years, the company adopted expansion of its R&D capabilities, new product launches, and strategic partnerships/agreements as its key business strategies to ensure its dominant position in this market. In addition Schlumberger Ltd. (U.S.), National Oilwell Varco (U.S.), Halliburton Co (U.S.), Baker Hughes Inc. (U.S.), and Weatherford International Plc (Ireland) are some other key players in the North American drilling waste management market.