Fluid loss additives is a chemical additive that is used to reduce the loss of fluids to the formation through filtration. An additive is a chemical that is added to a product to alter its properties. In this case, the additive is added to alter and reduce the loss of fluids. The loss of fluid occurs when it is introduced to a porous formation. This phenomenon is closely related to drilling fluids and cement slurries. The fluid consists of suspended particles that move with the lateral flow of the drill hole into a porous formation, acting as a sieve. The particles are therefore trapped at the surface accumulating like a filter cake. The fluid loss additives are gaining vital importance due to the growing production of crude oil. The fluid loss additives are also used in the drilling of deep and ultra-deepwater which is contributing to the expansion of fluid loss additives to a significant extend globally.
MARKET DYNAMICS
The fluid loss additives market is predicted to grow in the forecast period owing to improvements in the quality of fluid loss additives coupled with the increasing production of crude oil. The growing exploration of shale gas has boosted the growth of the fluid loss additives market. However, the environmental impact of fluid loss additives might restrict the growth of the fluid loss additives market. On the other h and , the increasing emphasis of deep and ultra-deepwater drilling is likely to showcase growth opportunities for the fluid loss additives market during the forecast period.
MARKET SCOPE
The "Global Fluid Loss Additives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of fluid loss additives market with detailed market segmentation by type, applications, and geography. The global fluid loss additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fluid loss additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fluid loss additives market is segmented on the basis of type, and applications. Based on type, the market is segmented as synthetically modified natural additives, synthetic additives, and natural additives. On the basis of application, the market is segmented as drilling fluid, and cement slurry.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fluid loss additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The fluid loss additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting fluid loss additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the fluid loss additives market in these regions.
MARKET PLAYERS
The reports cover key developments in the fluid loss additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from fluid loss additives market are anticipated to lucrative growth opportunities in the future with the rising demand for fluid loss additives in the global market. Below mentioned is the list of few companies engaged in the fluid loss additives market.
The report also includes the profiles of key fluid loss additives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BASF SE
- Clariant
- Global Drilling Fluids and Chemicals Limited
- Halliburton
- Kemira OYJ
- Newpark Resources Inc.
- Nouryon
- Schlumberger Limited
- Solvay
- Tytan Organics Pvt. Ltd.
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