Fluid Loss Additives Market Analysis | Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2023


Market Overview:

The global fluid loss additives market, by region, has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The North American market held the largest share of the global fluid loss additives market in 2018, owing to the increase in the demand for drilling fluids, cement slurries, completion fluids, and fracturing fluids driven by drilling operations and well intervention services as the oil & gas industry in the region is expanding at a significant rate. Moreover, the large presence of the major crude oil producers who are making high investments in the unconventional drilling processes is expected to boost the demand for the product and drive the growth of the regional market.

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The European market held the second-largest share of the global fluid loss additives market, due to the presence of prominent players of the oil & gas industry, which has surged the demand for these fluids in the onshore projects; the onshore operations outweigh the offshore operations by 70%.

Asia-Pacific is expected to witness healthy growth during the review period, with China and India being the dominant markets. The oil & gas industry is booming in the region, owing to rapid industrialization which has increased the adoption of fluid loss additives.

The growth of the fluid loss additives market in the Middle East & Africa is driven by the GCC countries, which accounts for around 10% of the total demand and supply for the fluid loss additives. The water-based fluids driving the regional market and is expected to show a gradual growth owing to the strong demand in the oilfield maintenance and increased drilling activities.

The Latin American market is expected to witness slow growth during the forecast period, which is majorly led by the oil & gas industries in countries such as Brazil, Argentina, and Chile. For instance, Brazil produced around 2.73 million barrels of oil per day in 2017, which was 4.8% higher than it was in 2016.

Competitive Analysis

·         Schlumberger Limited
·         Newpark Resources Inc
·         Global Drilling Fluids and Chemicals Limited
·         Tytan Organics
·         Kemira
·         Solvay
·         Halliburton
·         BASF SE
·         Clariant
·         Audin Group
·         Nouryon
·         SEPCOR, INC

Market Segmentation

The Fluid Loss Additives Market Analysis has been segmented based on material type, product type, application, and region.

The global fluid loss additives market, by material type, has been divided into bentonite, barite, polyanionic cellulose (PAC), polyacrylamide (PAM), calcium carbonate, hydroxyethyl cellulose (HEC), latex, and others.

The product types of fluid loss additives covered under the scope of the report are water-soluble and water-insoluble.

Based on application, the global fluid loss additives market has been segregated into drilling fluids, cement slurries, fracturing fluids, and completion fluids.

Get Complete Research Report on “Fluid Loss Additives Market Research Report - Global Forecast till 2025” at : https://www.marketresearchfuture.com/reports/fluid-loss-additives-market-8220

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