Drilling fluids are primarily composed of bentonite that is mixed in a certain concentration with water or oil, mainly serves the purpose of lubrication and cooling of the drill bit and drill string and transporting the drill cuttings to the surface. Completion fluids are used during well completions in activities such as hydraulic fracturing and well stimulation. Oil and gas companies across the globe have started offshore drilling activities that mainly consists of the shallow water and deep-water drilling. They also focus on the exploration of oil and gas in ultra-deep water offshore resources that are spotted at depths of 1500m and more. Drillingactivities in such increased depth can pose as a significant risk factor for the companies. This will create the demand for drilling and completion fluids to ease operations, in turn, offering growth opportunities for service provider companies to provide specific products that are made exclusively for offshore drilling activities. The drilling and completion fluids market consists of big players with regional presence and accounting for major market shares. Numerous players in the completion and drilling fluids market are implementi...