Onshore Drilling Waste Management Market - By Service (Solid Control, Containment & Handling, Treatment & Disposal), Forecast 2024 – 2032

Onshore Drilling Waste Management Market Size

Onshore Drilling Waste Management Market size was assessed at USD 3.2 billion in 2023 and is envisioned to grow at a CAGR of 8.6% up to 2032. Increased drilling activities, combined with the adoption of sustainable practices in drilling operations, are driving industry growth.
 

Furthermore, rising environmental and government regulations, along with initiatives to enhance overall efficiency and safety to mitigate the environmental impact of drilling operations, will complement the business landscape. The onshore drilling waste management sector involves employing processes and technologies to efficiently manage and reduces generated waste during drilling activities within the oil and gas industry. Strategic partnerships by key industry players and increasing technological advancements are further shaping industry dynamics.
 

For instance, in December 2023, Geminor launched Risavika Gjenvinning, a new venture focused on pioneering innovative methods for managing drilling waste produced by offshore companies and other industries. Collaborations between public and private entities offer opportunities for sharing expertise and investment promoting sustainable and efficient practices in drilling waste management.
 

Onshore Drilling Waste Management Market Trends

The onshore drilling waste management sector is driven by an increasing focus on environmental responsibility, strict regulations regarding onshore oil & gas management, and the industry's dedication to sustainable operations. Need for effective waste disposal methods along with advancements in waste treatment technologies also play pivotal roles in driving market growth.
 

Innovations in waste treatment technologies, alongside growing concerns for efficient disposal solutions, will drive the industry forward. Continuous advancements in waste treatment technologies including improvements in thermal treatment units and solids control systems, enhance the effectiveness of onshore drilling waste management. Additionally, the market offers solutions for efficiently disposing of drilling cuttings and fluids, adopting the industry's waste challenges, and promoting sustainability, which collectively contribute to overall market growth.
 

Onshore Drilling Waste Management Market Analysis

The market is estimated to surpass over USD 6.7 billion by 2032. The industry is experiencing significant growth, driven by various trends and factors that are shaping its development including environmental responsibility and sustainability & economic factors. Stringent environmental regulations and policies are compelling companies to adopt more efficient waste management practices. In addition, companies are increasingly focusing on sustainability, aiming to minimize their environmental footprint as these activities indulges in reducing waste generation and enhancing recycling and reuse practices.
 

Innovations in solids control systems, such as improved shale shakers, centrifuges, and hydrocyclones, are enhancing the efficiency of separating solids from drilling fluids. Furthermore, rising advances in thermal treatment technologies, including thermal desorption units (TDUs) and incinerators, are improving the management of oil-based cuttings and other hazardous wastes, thereby adding to the market growth.
 

Based on service, the market is segmented into solid control, containment & handling, treatment & disposal, and others. The treatment & disposal service is set to grow at a rate of over 8.5% by 2032. The treatment and disposal technology segment of the onshore drilling waste management market is characterized by rapid technological advancements, stringent regulatory compliance, and a strong focus on sustainability. Innovations in thermal, bioremediation, chemical, and mechanical treatment technologies are enhancing the efficiency and effectiveness of waste management practices. Strategic partnerships, regional market dynamics, and continuous R&D efforts are further driving growth and shaping the future of the market.
 

The North America onshore drilling waste management market is forecasted to exceed USD 2.1 billion by 2032. The surge in shale gas exploration and production in North America, particularly in the U.S. has significantly increased drilling activities, leading to higher volumes of drilling waste. For instance, in December 2023, dry natural gas production in the Lower 48 states of the U.S. reached a monthly high of 105.5 billion cubic feet per day (Bcf/d). Throughout the year, Lower 48 dry natural gas production experienced a 3.7% growth, equivalent to an additional 3.6 Bcf/d, compared to 2022 levels. The rising oil and gas production, driven by the country's escalating energy demands, is poised to further enhance the business landscape.
 

Onshore Drilling Waste Management Company Market Share

Industry leaders such as Halliburton, Baker Hughes, Weatherford, and Schlumberger command a significant market share owing to their extensive expertise in oil and gas exploration, diverse product portfolios, and extensive global presence. The market also features established regional entities and smaller local firms, creating a competitive environment that drives innovation and efficiency. This competitive landscape benefits customers by delivering advanced technological solutions and competitive pricing across the industry.
 

Onshore Drilling Waste Management Market Companies

Some of the key market players operating across the Onshore drilling waste management industry are:

• Augean Plc
• Baker Hughes
• CLEAN HARBORS, INC.
• Derrick Equipment Company
• Geminor
• GN Solids Control
• Halliburton
• Imdex Limited
• Newpark Resources Inc.
• NOV Inc.
• Ridgeline Canada Inc.
• Schlumberger
• Secure Energy Services, Inc.
• SELECT WATER SOLUTIONS.
• Soli-Bond, Inc.
• TWMA
• Weatherford
   

Onshore Drilling Waste Management Industry News:

• In February 2024, TWMA has issued a sustainability-linked bond on the Nordic ABM in Oslo, raising more than USD 62 million. The funds raised will support the company's expansion into major projects across the Middle East, Norwegian Continental Shelf, and British Continental Shelf. This strategic financing will strengthen TWMA's market position in providing onshore drilling waste management services.
   
• In December 2023, GN Solids America has launched a packaged drilling waste management equipment solution customized for European clients. This system integrates key components designed to effectively manage drilling waste. By introducing this solution, the company seeks to strengthen its market footprint in European countries and enhance its competitive edge within the region.
   

Onshore Drilling Waste Management market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2019 to 2032, for the following segments:

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Market, By Service (USD Billion)

• Solid Control
• Containment & Handling
• Treatment & Disposal
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
• Latin America
  • Brazil
  • Argentina