Home > Energy & Power > Waste Management > Drilling Waste Management > Containment & Handling Drilling Waste Management Market

Containment & Handling Drilling Waste Management Market Trends

Report ID: GMI11454
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Containment & Handling Drilling Waste Management Market Trends

New waste management technologies are improving containment & handling drilling waste management. Thermal desorption units, cuttings reinjection, and advanced filtration systems make waste handling safer and more eco-friendly, reducing drilling's environmental impact. These ongoing innovations drive market growth and at the same time, offshore drilling expansion in Africa, Latin America, and Southeast Asia is increasing demand for waste management services.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of containment & handling drilling waste management was worth over USD 471.2 million in 2023 and will grow at a CAGR of 8.7% from 2024 to 2032, driven by the increasing offshore drilling activities coupled with stricter environmental regulations towards drilling waste.

The offshore application is set to grow at a rate of over 9% through 2032, due to a shift towards cost-efficient and environmentally friendly operations, with companies investing in subsea infrastructure, digitalization, and safety measures to enhance productivity and meet stricter environmental regulations in offshore projects.

The U.S. containment & handling drilling waste management industry held a decent growth in 2023 and is forecasted to exceed USD 517 million by 2032, driven by the growing environmental concerns and eco-friendly waste management solutions.

Augean, Baker Hughes, Clean Harbors, Derrick Equipment Company, Geminor, GN Solids Control, Halliburton among others.