Fluid Loss Additives Market | Covid-19 Impact Analysis

Fluid Loss Additives Market Insights

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.

Market Share Analysis

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Fluid Loss Additives Market Share: 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 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.

Fluid Loss Additives Market Share: 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.

Fluid Loss Additives Market Share: By Region

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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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.

Market Scope & Segmentation

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.

The fluid loss additives market is segmented into the following categories:

Fluid Loss Additives Market Size, Share, & Forecast, by Type:

• Synthetically Modified Natural Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Synthetic Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Natural Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fluid Loss Additives Market Size, Share, & Forecast, by Application Type:

• Drilling Fluid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cement Slurry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fluid Loss Additives Market Size, Share, & Forecast, 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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Research Methodology

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.

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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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 at [email protected].