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Fluid Loss Additives Market Report
The Fluid Loss Additives Market is Segmented by Type (Synthetically Modified Natural Additives, Synthetic Additives, and Natural Additives), by Application Type (Drilling Fluid, Cement Slurry), and by Region (North America, Europ...
Impact of COVID-19 on Fluid Loss Additives Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Fluid Loss Additives market is likely to witness a healthy CAGR of 3.4% during the forecast period. Increasing shale gas exploration and crude oil production is attributed as the major driver contributing to the demand for fluid loss additives. In addition, as these activities require ultra-modern technologies such as multistage hydraulic fracturing of horizontal wells, they are carried out with the support of various formulated drilling fluids that aid to maintain wellbore stable, pump pressure, circumvent friction and corrosion and remove & transport cuttings.
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Fluid Loss Additives Market - Snapshot |
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Growth |
3.4% for the next five years |
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Major Usage Type |
Synthetically modified natural additives |
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Dominant Application Type |
Drilling fluid |
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Region with the highest demand |
North America |
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Key Players |
Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd. and Kemira OYJ |
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Based on the type, the market is segmented as synthetically modified natural, synthetic, and natural additives. The synthetically modified natural additives segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Its high performance at extreme conditions, including high temperature & pressure is the key driver for its dominance.
Based on the application type, the fluid loss additives market is segmented as drilling fluid and cement slurry. The drilling fluid segment dominates the market as fluid loss additives are used to avoid loss of filtrate during well drilling, and as the demand for crude oil is increasing the drilling activities are also rising, which are propelling the growth of the segment during the forecast period.
In terms of regions, North America is estimated to be the largest as well as fastest-growing market for fluid loss additives during the forecast period, as the US is one of the largest producers of crude oil and have made heavy investments in unconventional drilling technologies such as horizontal drilling and hydraulic fracturing where fluid loss additives play a major role. Increasing shale gas exploration in the US is also expected to offer substantial growth opportunities during the forecast period.
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Fluid loss additive is one of the major components in oilfield operations. It is a polymer which is developed to drastically reduce fluid loss during oilfield cementing operations.
Fluid Loss Additives are of different types synthetically modified natural, synthetic, natural, that are used in various applications, such as drilling fluid and cement slurry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Fluid Loss Additives Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The fluid loss additives market is segmented into the following categories:
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Some of the major fluid loss additive manufacturers are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The fluid loss additives market is expected to witness an impressive growth of 3.4% CAGR in the foreseeable future.
Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd. and Kemira OYJ are among the key players in the fluid loss additives market.
North America is expected to be the fastest growing fluid loss additives market during the next five years.
Some of the major factors driving the growth of fluid loss additives market are Increasing shale gas exploration and crude oil production.
he synthetically modified natural additives segment is expected to remain dominant in the fluid loss additives market in the coming years.
The drilling fluid segment dominates the fluid loss additives market.
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