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  • Fluid Loss Additives Market Growth Analysis | 2023-2028

    Fluid Loss Additives Market Growth Analysis | 2023-2028

    Fluid Loss Additives Market Growth Analysis | 2023-2028
    Report code - SRAM452 Delivery - 2 Weeks
    Fluid Loss Additives Market Size, Share, Trend, Forecast, & Growth Analysis– 202 See more...

    Market Insights

    The fluid loss additives market was estimated at USD 343.29 million in 2022 and is likely to grow at a CAGR of 3.59% during 2023-2028 to reach USD 425.67 million in 2028.

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    What is a fluid loss additive?

    Fluid loss additive is one of the major components in oilfield operations. It is a polymer that is developed to drastically reduce fluid loss during oilfield cementing operations.

    Fluid loss additives are of different types synthetically modified natural, synthetic, and natural, that are used in various applications, such as drilling fluid and cement slurry.

    Fluid Loss Additives Market Highlights

    Market Size in 2022

    USD 343.29 million

    Market Size in 2028

    USD 425.67 million

    Market Growth (2023-2028)

    3.59% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    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 stability, pump pressure, circumvent friction and corrosion and remove & transport cuttings.

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    Segments' Analysis

    By Type

    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 2022 and is expected to remain dominant during the forecast period. Its high performance in extreme conditions, including high temperature & pressure is the key driver for its dominance.

    By Application Type

    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.

    Regional Insights

    In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for fluid loss additives during the forecast period, as the US is one of the largest producers of crude oil and has 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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    Market Segmentation

    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. 

    The market is segmented into the following categories:

    By Type

    • Synthetically Modified Natural Additives
    • Synthetic Additives
    • Natural Additives

    By Application Type

    • Drilling Fluid
    • Cement Slurry

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Key Players

    Some of the major fluid loss additive manufacturers are-

    • Schlumberger Limited
    • BASF SE
    • Halliburton
    • Newpark Resources Inc.
    • Clariant
    • Solvay
    • Nouryon
    • Global Drilling Fluids and Chemicals Limited
    • Tytan Organics Pvt. Ltd.
    • Kemira OYJ

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

    Report Features

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Fluid Loss Additives Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Fluid loss additive is one of the major components in oilfield operations. It is a polymer that is developed to drastically reduce fluid loss during oilfield cementing operations. Fluid loss additives are of different types synthetically modified natural, synthetic, and natural, that are used in various applications, such as drilling fluid and cement slurry.

    The fluid loss additives market was estimated at USD 343.29 million in 2022.

    The fluid loss additives market is likely to reach USD 425.67 million in 2028.

    The fluid loss additives market is expected to witness an impressive growth of 3.59% 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 market.

    North America is expected to be the fastest growing market during the next five years.

    Some of the major factors driving the growth of the market are Increasing shale gas exploration and crude oil production.

    The synthetically modified natural additives segment is expected to remain dominant in the market in the coming years.

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