2014-03-14 23:47:01 - Australian Market for Drilling Chemicals - a new market research report on companiesandmarkets.com
The Australian drilling chemicals market experienced a strong growth from 2010 to 2012 driven by the investment in metal and minerals explorations, coal seam gas drilling, and oil and gas drilling. The recent fall in prices of iron ore and other base metals indicates a temporary peaking of base metal exploration activities in 2012, which is likely to lead to lowered and volatile growth in consumption of drilling chemicals, especially in the offshore drilling chemicals segment.
Consolidation in the industry has intensified market competition and elevated entry barriers. This study discusses in detail all these trends that have been observed in the Australian drilling chemicals market and forecasts future developments.
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