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North America Drilling Waste Management Market Size

Report ID: GMI9506
Published Date: May 2024
Report Format: PDF

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North America Drilling Waste Management Market Size

North America drilling waste management market was valued at USD 1.8 billion in 2023 and will continue to rise with CAGR of 8.9% from 2024 to 2032. Increasing demand for efficient and sustainable waste disposal solutions in oil and gas industry along with technological advancements in waste treatment processes, including centrifugation and thermal treatment, are enhancing industry's capabilities to handle drilling waste effectively.

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Additionally, market players are collaborating to provide comprehensive services ranging from waste collection to treatment and disposal. For instance, in March 2024, Clean Harbors, Inc. has completed its USD 400 million cash acquisition of HEPACO from Gryphon Investors, strengthening its environmental and emergency response services in the Eastern United States.

North America Drilling Waste Management Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Drilling Waste Management Market Size in 2023:	USD 1.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.9%
2032 Value Projection:	USD 3.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	150
Tables, Charts & Figures:	15
Segments covered:	Service, Application, & Country
Growth Drivers:	Increasing Drilling Activities Stringent Environmental Regulations Growing Focus on Sustainable Practices
Pitfalls & Challenges:	Volatility in Oil and Gas Prices

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Stricter environmental regulations regarding drilling waste disposal and treatment drive the adoption of advanced waste management solutions as companies operating in the region are obliged to regulations set by agencies such as the Environmental Protection Agency (EPA) and state regulatory bodies. Furthermore, growing emphasis on sustainability and corporate social responsibility encourages the adoption of eco-friendly waste management solutions.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

North America drilling waste management market generated USD 1.8 billion in 2023 and will continue to rise with 8.9% CAGR from 2024 to 2032, owing to the increasing demand for efficient and sustainable waste disposal solutions in oil & gas industry.

The offshore segment will grow at over 9% CAGR through 2032 due to their complexity, leading to greater demand for specialized waste management services.

U.S. drilling waste management market will exceed USD 2.5 billion by 2032 with extensive drilling activities both onshore and offshore which results in a significant volume.

Collective Waste Solutions Inc., Derrick Equipment Company, GN Solids Control, Halliburton, Imdex Limited, NOV Inc., Newpark Resources Inc., Ridgeline Canada Inc., SELECT WATER SOLUTIONS., and Secure Energy Services, Inc. among others.