Tue, 09 Aug 2022

The new report by Expert Market Research titled, 'Global Fluid Loss Additives Market Report and Forecast 2021-2026', gives an in-depth analysis of the global fluid loss additives market, assessing the market based on its segments like type, application, and regional market among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/fluid-loss-additives-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 313.50 million USD
  • Forecast CAGR (2021-2026): 4.5%

The increasing production of crude oil and shale gas exploration are responsible for driving the global fluid loss additives market. While North America dominates the business, Asia Pacific is quickly becoming a key player. The United States is the world's largest producer of crude oil, and increased shale gas development in the region is boosting the fluid loss additives sector in North America. Exploration for sources other than oil, such as shale gas, coal bed methane, and unconventional resources, has become possible because of technological advancements. Multistage hydraulic fracturing of horizontal wells is one of the advanced technologies required for these activities. Various designed drilling fluids are used to keep the wellbore stable, pump pressure, minimise friction and corrosion, and remove and convey cuttings.

Industry Definition and Major Segments

Fluid loss additives, also termed as fluid loss control additives or filtrate reduction agents, are chemical additives that are used to regulate the flow of fluids through a permeable zone produced in drilling and well-operating systems. Due to the loss of fluids, undesirable changes in set time, viscosity, mud displacement, and ultimate compressive strength occur. Furthermore, the loss of fluids during the petroleum production process results in a financial loss. The need for fluid loss additives in the oil and gas sector is projected to rise as a result of these causes. Fluid loss additives assist operators in preserving essential properties of cement slurries such as viscosity, thickening time, density, and compressive strength development. Fluid loss additives are also utilised to minimise fluid loss through filtering in the formation. A chemical additive is a substance that is added to a product to change its characteristics.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/fluid-loss-additives-market

On the basis of Type, fluid loss additives market is segmented into:

  • Synthetically Modified Natural Additives
  • Synthetic Additives
  • Natural Additives

Based on the Application, fluid loss additives market is divided into:

  • Drilling Fluid
  • Cement Slurry

The major regional markets of fluid loss additives market are:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growing demand for drilling fluids and cement slurry is driving the worldwide fluid loss additives market. The sector benefits even more from rising crude oil production. Another reason driving demand for the commodity is technical advancements that allow for the discovery of various sources, such as coal bed methane or shale gas. The rich development prospects given by nations like India, China, the United States, and Germany are boosting the industry's expansion. Due to strong demand, the synthetically modified natural additives market is projected to develop at a quicker rate. Because of growing shale gas exploration and significant expenditures on unconventional drilling technology in the United States, North America leads the industry.

Key Market Players

The major players in the market are Halliburton, Nouryon, Newpark Resources Inc. (NYSE: NR), Kemira Oyj (HEL: KEMIRA), Clariant (SWX: CLN), Solvay, Tytan Organics Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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