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 control additives are primarily used to maintain a constant fluid volume. Fluid loss control additives are available in various special grades, including LGT, MGT and HGT. These additives have low solubility in hydrocarbons and minimum plastic flow in all grades, they also impart excellent filtrate control in oil based drilling fluid systems. The additive aids the operators to maintain the essential characteristics of the cement slurries, plus the thickening time, viscosity, compressive strength development and density. These additives are widely used in drilling fluids and cement slurries.
Europe is anticipated to grow over the forecast period owing to the rising crude oil production, and increasing focus on deep and ultra- deep-water drilling is driving the market. Further, 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 in United kingdom 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.
In Europe, the fluid loss additives market is segmented based upon the types and applications.
In, Europe, 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.
In Europe, 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 countries studied across the region are United Kingdom, Germany, France, Italy, etc. The Germany holds the prominent position followed by U.K. owing to increasing investment in unconventional drilling technologies is in the region. Also, the rise in demand for fluid loss control additives used in cement slurry to reduce the loss of water during cementing process is adding fuel to the market.
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 control additives are primarily used to maintain a constant fluid volume. Fluid loss control additives are available in various special grades, including LGT, MGT and HGT. These additives have low solubility in hydrocarbons and minimum plastic flow in all grades, they also impart excellent filtrate control in oil based drilling fluid systems. The additive aids the operators to maintain the essential characteristics of the cement slurries, plus the thickening time, viscosity, compressive strength development and density. Europe is anticipated to grow over the forecast period owing to the rising crude oil production, and increasing focus on deep and ultra- deep-water drilling is driving the market. Further, 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.
In, Europe, 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. In Europe, 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 countries studied across the region are United Kingdom, Germany, France, Italy, etc. The Germany holds the prominent position followed by U.K. owing to increasing investment in unconventional drilling technologies is in the region.
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.
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