Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fluid loss additives are also called as filtrate reducing agents. These additives are employed for maintaining a constant water/solid ratio in cement slurries downhole by controlling the rate of water loss to adjacent permeable zones through suitable viscofication. The additive aids the operators to maintain the essential characteristics of the cement slurries, plus the thickening time, viscosity, compressive strength development and density.
The fluid loss additives are important in drilling process, the rising crude oil production, and increasing focus on deep and ultra- deepwater drilling is driving the market. Further, the increasing shale gas exploration activities and investment in latest and unconventional drilling technologies is adding fuel to the market growth. Also, the rise in demand for fluid loss control additives used in cement slurry to reduce the loss of water during cementing process is anticipated to boost the market during the forecast period. However, the impact on environment and research on alternatives for crude oil may hamper the market growth.
The COVID 19 disrupted many market including fluid loss additive market. The lockdown imposed by the government halted the drilling activities. Also, the various rules imposed led to the break in supply chain and also reduced the production due to temporary closure of the industries. also, the overall economic loss also had a significant impact on the market.
Globally, the fluid loss additives market is segmented based upon the types and applications
Based on types, the market is segmented into synthetically modified natural additives, synthetic additives and natural additives. Among these, the synthetically modified natural additives segment holds the largest share in the market and is anticipated to register highest growth over the forecast period owing to its high demand due to its high performance at extreme conditions including high temperatures and pressure.
Based on applications, the market is segmented into drilling fluids and cement slurry. Among these, the drilling fluid segment holds the largest market share owing to increasing drilling activities, rising demand for shale gas and crude oil production.
The various regions studied across the globe are North America, Europe, Asia Pacific, and rest of the world. The North America dominates the market for fluid loss additives owing to increased shale gas exploration activities in the region. Also, the North America is largest producer of natural gas. Further, increasing investment in unconventional drilling technologies is adding fuel to the market growth in the region. Asia Pacific is anticipated to witness a significant growth over the forecast period owing to increasing drilling activities.
The various key players in the region are Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd, Kemira OYJ, The Dow Chemical Company, Omnova Solutions, Aubin Group, Chevron Phillips Chemical Company, Innospec, Ashland, Universal Drilling Fluids, Sekisui Specialty Chemicals America.
Fluid loss additives are also called as filtrate reducing agents. These additives are employed for maintaining a constant water/solid ratio in cement slurries downhole by controlling the rate of water loss to adjacent permeable zones through suitable viscofication. The fluid loss additives are important in drilling process, the rising crude oil production, and increasing focus on deep and ultra-deepwater drilling is driving the market. Further, the increasing shale gas exploration activities and investment in latest and unconventional drilling technologies is adding fuel to the market growth.
Globally, the fluid loss additives market is segmented based upon the types and applications. Based on types, the market is segmented into synthetically modified natural additives, synthetic additives and natural additives. Among these, the synthetically modified natural additives segment holds the largest share in the market and is anticipated to register highest growth over the forecast period. Based on applications, the market is segmented into drilling fluids and cement slurry. Among these, the drilling fluid segment holds the largest market share owing to increasing drilling activities. The various regions studied across the globe are North America, Europe, Asia Pacific, and rest of the world. The North America dominates the market for fluid loss additives owing to increased shale gas exploration activities in the region. Also, the North America is largest producer of natural gas. Asia Pacific is anticipated to witness a significant growth over the forecast period owing to increasing drilling activities.
The various key players in the region are Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd, Kemira OYJ, The Dow Chemical Company, Omnova Solutions, Aubin Group, Chevron Phillips Chemical Company.
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