“The Latest Research fluid loss additives Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2019 – 2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – Data Bridge Market Research”
Global fluid loss additives market is expected to rise to an estimated value of USD 403.48 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the rising exploration of shale gas and production of crude oil
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Fluid loss additive is a chemical which controls the loss of fluid with the help of filtration. It helps the operators to retain the important features of their cement slurries, including viscosity, thickening time, density and compressive strength development. The application of fluid loss additive is in the deep well in both offshore and onshore which delivers high temperature performance.
Few of the major competitors currently working in global fluid loss additives market are Halliburton, Schlumberger Limited, Newpark Resources Inc., Solvay, BASF SE, Clariant, Global Drilling Fluid and Chemicals Limited, Tytan Organics, Kemira, Sepcor, Inc., Aubin Group and Nouryon among others
- Growing crude oil production to support demand acts as a market driver
- Shale gas exploration created new avenues for fluid loss additives will propel the growth of the market
- Evolution and development of technology is also driving this market growth
- Huge investments in the latest and unconventional drilling technologies also boost the market growth
- Impact on environment by destructing the aquatic bodies such as coastal areas and fishes acts as a market restraint in the forecast period
- Growing demand of electric vehicles to restrict crude oil consumption and hence serve as a restraint for the market
Key Developments in the Market:
In January 2019, Nouryon expanded its business by signing an agreement with SulNOx Group a hydrocarbon fuel emulsification and additive specialist. The main focus of this agreement is to help the customers in formulating fuels and lubricants which can meet next generation legislation
In October 2016, Impact fluid solutions have expanded its FLC line of shielding and stabilization solutions. It will offer broader capabilities so that they can meet specific well parameters and requirements. It will enable the customers to solve a broader range of wellbore stability challenges in the fluid system
Global fluid loss additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fluid loss additives market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Fluid Loss Additives Market
- Synthetic Additives
- Natural Additives
- Synthetically Modified Natural Additives
- Drilling Fluid
- Cement Slurry
- North America
- South America
- Middle East & Africa
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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