Fluid Loss Additives Market Growth Study 2019: Key Players are Halliburton, Schlumberger Limited
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. 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. Some of the leading key players profiled in this study: 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
Market Drivers:
- 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
Market Restraints:
- 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
Competitive Analysis:
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.
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Segmentation: Global Fluid Loss Additives Market
By Type
- Synthetic Additives
- Natural Additives
- Synthetically Modified Natural Additives
By Application
- Drilling Fluid
- Cement Slurry
By Geography
North America
- U.S.
- Canada
- Mexico
South America
- Brazil
- Argentina
- Rest of South America
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
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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